Company: NODK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000546
Chunk: 21

Company: NI Holdings, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 21
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 e)proposes to the Board a slate of directors for election by the shareholders at each annual meeting of shareholders; and f)proposes candidates to fill vacancies on the Board based on qualifications it determines to be appropriate. All of the directors on the Nominating and Corporate Governance Committee are independent as defined under the Nasdaq listing standards. Ad Hoc Committees CEO Search Committee The Board established an ad hoc CEO Search Committee during 2024, whose purpose was to: a)lead an executive search process for the position of Chief Executive Officer of the Company; b)review and make recommendations to the Nominating and Corporate Governance Committee with respect to candidates identified in such search; c)otherwise take such steps deemed appropriate to identify potential candidates to serve as Chief Executive Officer; and d)exercise such other powers and authority as shall from time to time be assigned thereto by resolution by the Board. This ad hoc committee was chaired by Mr. Marlow with Messrs. Aasmundstad, Devlin, and Espegard as members. The CEO Search Committee was disbanded after the appointment of Mr. Daggett as Chief Executive Officer. Strategic Planning Committee The Board established an ad hoc Strategic Planning Committee during 2024, whose purpose was to: a)assist with planning and facilitating a formal long -termstrategic planning process in conjunction with the Company’s Board, executive officers, and other third parties as deemed necessary; and b)exercise such other powers and authority as shall from time to time be assigned thereto by resolution by the Board. This ad hoc committee is chaired by Mr. Mathew with Messrs. Aasmundstad, Devlin, and Missling as members. The Strategic Planning Committee continues to serve. 15 Board and Committee Meetings and Attendance Our Board is responsible for the oversight of our Company’s management and strategy and for establishing corporate policies. Our Board and its committees typically meet quarterly and also hold special meetings and act by written consent from time to time. The Board typically meets quarterly, with additional meetings as necessary, to review and discuss the performance of the Company, the Company’s plans and initiatives, and any immediate issues facing the Company. Directors are expected to attend all Board meetings and committee meetings to which they belong, with only occasional absences. In addition to its general oversight of management, the Board also performs a number of specific functions, including: a)selecting, evaluating, and compensating the Chief Executive Officer and overseeing succession planning for the Chief Executive Officer; b)providing counsel and oversight