Eric Aasmundstad serves as Independent Chairman of the Board of the Company. Mr. Aasmundstad currently serves as Chairperson of the Nodak Mutual Group, Inc. Board of Directors, as well as Chairperson of the Board of Directors of all six insurance subsidiary companies of NI Holdings, Inc. Mr. Aasmundstad has served as Chairperson on the Board of Directors of NI Holdings, Inc. since its creation in March 2017. Mr. Aasmundstad is also Chair of the Compensation Committee. Prior to the conversion of the mutual insurance company to a stock company and the creation of the mutual holding company, Mr. Aasmundstad served on the Board of Directors of Nodak Mutual Insurance Company from 1997 to 2017, and held the position of President of Nodak Mutual Insurance Company from 2008 to 2017. A graduate of North Dakota State University with a degree in engineering, Mr. Aasmundstad farms approximately 4,000 acres and operated a custom harvesting business until 2012. Mr. Aasmundstad also owns a metalworking business.
As the Independent Chairman of the Board of NI Inc, the total compensation of Eric Aasmundstad at NI Inc is $131,502. There are 5 executives at NI Inc getting paid more, with Michael Alexander having the highest compensation of $2,513,460.
Eric Aasmundstad is 62, he's been the Independent Chairman of the Board of NI Inc since . There are 4 older and 8 younger executives at NI Inc. The oldest executive at NI Holdings Inc is Duaine Espegard, 73, who is the Independent Director.
Eric's mailing address filed with the SEC is 1101 FIRST AVENUE NORTH, , FARGO, ND, 58102.
Over the last 8 years, insiders at NI Inc have traded over $0 worth of NI Inc stock and bought 4,779 units worth $70,016 . The most active insiders traders include Michael J. Alexander und Patrick W. Duncan. On average, NI Inc executives and independent directors trade stock every 343 days with the average trade being worth of $10,286. The most recent stock trade was executed by Patrick W. Duncan on 12 December 2023, trading 808 units of NODK stock currently worth $10,464.
NI Inc executives and other stock owners filed with the SEC include: