NI Holdings (NODK) director Espegard to leave Board after 2026 meeting

Rhea-AI Filing Summary

NI Holdings, Inc. announced that director Duaine C. Espegard has informed the Board he will not stand for re-election at the company’s 2026 annual meeting of stockholders. The company states that his decision is not due to any disagreement regarding operations, policies, or practices.

Espegard will continue to serve as a director until the end of his current term, which concludes at the 2026 annual meeting. This represents a planned Board transition rather than a dispute-driven departure.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 17, 2026

NI Holdings, Inc.
(Exact name of registrant as specified in its charter)
North Dakota		001-37973		81-2683619
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)
1101 First Avenue North  Fargo, North Dakota
(Address of principal executive offices)
58102
(Zip code)
(701) 298-4200
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value per share	NODK	Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 17, 2026, Duaine C. Espegard, a director of NI Holdings, Inc. (the “Company”), advised the Company's Board of Directors that he will not stand for re-election at the Company’s 2026 annual meeting of stockholders. Mr. Espegard’s decision to not stand for re-election is not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Espegard will serve out the remainder of his term, which will end at the Company’s 2026 annual meeting of stockholders.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	NI Holdings, Inc.
Date: February 23, 2026	By:	/s/ Matthew J. Maki
		Matthew J. Maki
		Chief Financial Officer

FAQ

What Board change did NI Holdings (NODK) disclose in this 8-K?

NI Holdings disclosed that director Duaine C. Espegard will not stand for re-election at the company’s 2026 annual meeting. He will continue serving as a director until his current term ends at that meeting, indicating an orderly Board transition.

Is Duaine Espegard leaving NI Holdings (NODK) because of a disagreement?

According to the disclosure, Duaine C. Espegard’s decision not to stand for re-election is not due to any disagreement with NI Holdings on operations, policies, or practices. The company characterizes the change as a voluntary decision with no underlying dispute.

When will Duaine Espegard’s term as NI Holdings (NODK) director end?

Duaine C. Espegard will serve out the remainder of his term as a director of NI Holdings, ending at the company’s 2026 annual meeting of stockholders. Until that meeting occurs, he will continue performing his duties on the Board.

Does NI Holdings (NODK) mention any operational impact from the director change?

The company only states that Duaine C. Espegard will not stand for re-election and that his decision is not due to any disagreement. The disclosure does not describe specific operational or financial impacts tied to this Board transition.

Who signed the NI Holdings (NODK) 8-K reporting the director’s decision?

The report was signed on behalf of NI Holdings, Inc. by Matthew J. Maki, the company’s Chief Financial Officer. His signature indicates the company’s authorized confirmation of the disclosed Board change and related statements about the nature of the departure.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB