Company: NODK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000546
Chunk: 8

Company: NI Holdings, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 8
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 2025. Mr. Stende served as Chief Executive Officer and a member of the board of directors of Eide Bailly from 2013 until his retirement in April 2022. From 2006 to 2013, he served as Chief Operating Officer of Eide Bailly. Prior to serving as Chief Operating Officer, Mr. Stende was employed by Eide Bailly in various roles, including audit partner, from 1982 to 2006. 3 Mr. Stende graduated from the University of North Dakota with a bachelor’s degree in Business Administration and Accounting, and is a Certified Public Accountant. We believe that Mr. Stende’s experience as a Certified Public Accountant at a public accounting firm and as an audit partner serving both public and non -publiccompanies qualifies him as an Audit Committee financial expert and to serve as an independent, non -executivedirector. Mr. Stende was recommended to the Board by Mr. Aasmundstad. Our Board recommends a vote FOR each of the director nominees listed herein. Approval of Proposal 1 requires “FOR”votes from the holders of a plurality of the votes cast. If a choice is specified on the proxy card by a shareholder, the shares will be voted as specified. If no contrary indication is made, proxies are to be voted “ FOR” all nominees, or, in the event that any such individual is not a candidate or is unable to serve as a director at the time of the election (which is not currently expected), for any nominee who is designated by our Board to fill the vacancy. Withhold votes and broker non -voteshave no legal effect on the outcome. Pursuant to our Bylaws, any nominee for director in an uncontested election who receives a greater number of votes “withheld” or “against” from his or her election than votes “for” his or her election shall immediately offer to tender his or her resignation following certification of such shareholder vote. The Nominating and Corporate Governance Committee shall promptly consider the director’s resignation offer and make a recommendation to the Board on whether to accept or reject the offer. The Board shall act on the recommendation of the Nominating and Corporate Governance Committee and publicly disclose its decision within 90 days following certification of the shareholder vote. 4 Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm Our Board recommends a vote FOR this proposal 2. The Audit Committee has appointed Forvis Mazars, LLP as our independent registered public accounting firm for the