Company: NODK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000546
Chunk: 6

Company: NI Holdings, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 6
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 retirement, Mr. Espegard served as the Chief Executive Officer of Bremer Bank for over 25 years and has nearly 50 years of experience in the banking industry. Mr. Espegard holds a business associates degree from Aakers Business College in Grand Forks, North Dakota and attended the Graduate School of Banking at the University of Wisconsin. We believe that Mr. Espegard’s experience in banking and management qualifies him to serve as an independent, non -executivedirector. Cindy L. Launer .Ms. Launer, age53, has served on the Board of NI Holdings, Inc. since her appointment in November 2019. Ms. Launer serves on the Board of Directors of Nodak Insurance Company and American West Insurance Company. Ms. Launer is also Chair of the Compensation Committee. Ms. Launer also served as interim Chief Executive Officer of NI Holdings, Inc. from August to November 2024 during the Board’s search for a permanent Chief Executive Officer. While Ms. Launer was serving as interim Chief Executive Officer, she continued to serve as a member of the Board, but did not serve as a member of any committee of the Board. Following the appointment of Mr. Daggett as the Company’s Chief Executive Officer on December 1, 2024, Ms. Launer ceased serving as interim Chief Executive Officer and returned to serving as the Chair of the Compensation Committee. 2 Ms. Launer was employed by American International Group (“AIG”) from April 2007 until her retirement in June 2018. At AIG, she served in various roles including financial planning and analysis, capital projects, financial communications, Chief of Staff to the CEO, and finally Chief Operating Officer of the AIG commercial insurance business. Prior to joining AIG, she held progressive audit, finance, investor relations, and chief of staff roles at MetLife and Deloitte & Touche LLP. Ms. Launer graduated from Florida Southern College with a Bachelor of Science degree in Finance and Marketing and earned her Bachelor of Science degree in Accounting from International College. We believe that Ms. Launer’s extensive experience in the insurance industry qualifies her to serve as an independent, non -executivedirector. We believe that Ms. Launer’s experience in senior management roles involved in financial statement review and preparation qualify her as an Audit Committee financial expert. Prakash Mathew.Mr. Mathew, age76, has served on the Board of NI Holdings, Inc. since his appointment in February