Company: NODK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000546
Chunk: 20

Company: NI Holdings, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 20
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 Chief Executive Officer. During such time, Ms. Launer stepped down from serving on the Compensation Committee. Following the appointment of Mr. Daggett as Chief Executive Officer and the end of Ms. Launer’s service as Interim Chief Executive Officer, the Board determined that Ms. Launer was independent and she returned to serving on the Compensation Committee, including as Chair. Compensation Committee Interlocks and Insider Participation — 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 the Audit Committee or Compensation Committee. During this period, Mr. Aasmundstad served as Chair of the Compensation Committee. Following the appointment of Mr. Daggett as the Company’s Chief Executive Officer, Ms. Launer ceased serving as Interim Chief Executive Officer and returned to serving as a member of the Audit Committee and Chair of the Compensation Committee. Except as described above, the Compensation Committee of our Board does not include any current or former executive officers or current employees of NI Holdings, Inc. None of our executive officers currently serve, or during 2024 has served, as a member of the compensation committee or director (or other board committee performing equivalent functions or, in the absence of such committee, the entire board of directors) of any entity that has one or more executive officers serving on the Compensation Committee or our Board. Investment Committee The Investment Committee is responsible for assisting the Board in monitoring the Company’s investments and reinsurance programs. In addition, the Investment Committee: a)reviews with senior management the reinsurance structure of the Company; b)reviews and approves the investment policy for the Company and approves quarterly and annual investment activity specifically for the holding company; and c)with the assistance of senior management, hires and/or terminates investment advisors. All of the directors on the Investment Committee are independent as defined under the Nasdaq listing standards. 14 Nominating and Corporate Governance Committee The Nominating and Corporate Governance Committee is responsible for identifying individuals qualified to become members of the Board and overseeing corporate governance of the Company. In addition, the Nominating and Corporate Governance Committee: a)develops and recommends a set of corporate governance principles applicable to the Company; b)produces a Code of Ethics and submits it for Board approval, and periodically reviews the Code of Ethics for necessary revisions; c)oversees the periodic evaluation of the Board and its committees; d)identifies suitable candidates for Board membership, and in such capacity considers any nominees recommended by shareholders;