Company: NODK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000546
Chunk: 30

Company: NI Holdings, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 30
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| Seth C. Daggett |     |           46 |     | President and Chief Executive Officer                           |
| Matthew J. Maki |     |           38 |     | Executive Vice President, Treasurer and Chief Financial Officer |

Our Board chooses our executive officers, who then serve at our Board’s discretion. There are no family relationships among any of our directors or executive officers. Seth C. Daggett.Mr. Daggett’s biography is included in Proposal 1 — Election of Directors. Matthew J. Maki .Mr. Maki was appointed to serve as Interim Chief Financial Officer in December 2024, and promoted to Executive Vice President, Treasurer and Chief Financial Officer on March 1, 2025. He joined NI Holdings, Inc. in September 2020 as Vice President of Financial Planning and Analysis. Before joining NI Holdings, Inc., Mr. Maki was Vice President of Accounting and Treasurer of RAM Mutual Insurance Company from August 2019 until August 2020. Prior to that, Mr. Maki served in various other finance -relatedroles at RAM Mutual Insurance Company and Travelers Companies, Inc. He began his career as an auditor at Ernst & Young. Mr. Maki graduated from the University of Wisconsin at Eau Claire and is a Certified Public Accountant.

22 COMPENSATION DISCUSSION AND ANALYSIS The compensation provided to our NEOs for fiscal year 2024 is set forth in detail in the “Executive Compensation Tables” section of this Proxy Statement. The following discussion provides an overview of our executive compensation philosophy, the overall objectives of our executive compensation program, and each component of compensation that we provided to our NEOs and other senior leadership for 2024. The following are our NEOs for fiscal year 2024: •Michael J. Alexander, our former President and Chief Executive Officer; •Seth C. Daggett, our President and Chief Executive Officer; •Patrick W. Duncan, our former Senior Vice President, Operations; •Cindy L. Launer, our Interim Chief Executive Officer during 2024; and •Matthew J. Maki, our former Interim Chief Financial Officer during 2024 and current Executive Vice President, Treasurer and Chief Financial Officer. Mr. Alexander’s employment as President and Chief Executive Officer, as well as his service in all director positions, was terminated by the Company without Cause in August 2024. Mr. Duncan’s employment as Senior Vice President,