Company: NODK
Filing Date: 2025-03-21
Form Type: 8-K
Source: 0001174947-25-000376
Chunk: 0

Company: NI Holdings, Inc.
Filing Date: 2025-03-21
Form: 8-K
Item: Item 5.02
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Item 5.02.      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

Appointment of Director

On March
18, 2025, the Board of Directors (the “ Board”) of NI Holdings, Inc. (the “ Company”), increased the size of the
Board to nine directors and appointed Dave L. Stende as a director effective April 1, 2025, to serve until the 2025 Annual Meeting of
Stockholders, or until his earlier death, disqualification, resignation, or removal. The Board has determined that Mr. Stende is an independent
director under the listing standards of the Nasdaq Capital Market. Mr. Stende will serve as a member of the Board’s Audit Committee.

There are
no family relationships between Mr. Stende and any director or executive officer of the Company and Mr. Stende does not have a direct
or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Upon the
effectiveness of Mr. Stende’s appointment to the Board, Mr. Stende will be eligible to receive the standard compensation received
by non-employee directors, which compensation was last described in the Company’s Definitive Proxy Statement filed with the Securities
and Exchange Commission (the “ SEC”) on April 10, 2024, and is incorporated herein by reference.

SIGNATURE