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At NI HOLDINGS INC.'s shareholder meeting held May 20, 2025, in the 2024-2025 proxy season, 97 asset managers reported how they voted on 10 ballot items in their SEC Form N-PX filings, covering 1,073 separate fund positions. On the most widely held item on that ballot — PROPOSAL TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS. — NI HOLDINGS INC.'s filing reports the proposal as approved, with 98% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: NI HOLDINGS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 27, 2025.
Download data (CSV): ballot items · votes by manager · column guide.
Compiled from SEC Form N-PX filings and NI HOLDINGS INC.’s Form 8-K, filed May 27, 2025 (Item 5.07 on EDGAR). Page generated November 8, 2026.
Meeting of May 20, 2025: 10 items on NI HOLDINGS INC.’s Form 8-K, filed May 27, 2025: 8 elected · 2 approved.
None.
Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided
Explore NI HOLDINGS INC. in the interactive database Compare manager voting policies
These tallies are NI HOLDINGS INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 27, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Eric K. Aasmundstad | 16,154,995 | -- | -- | 2,558,437 | 876,915 | 86% | Elected | — |
| Elect Director: Seth C. Daggett | 16,961,195 | -- | -- | 1,752,237 | 876,915 | 91% | Elected | — |
| Elect Director: William R. Devlin | 16,146,207 | -- | -- | 2,567,225 | 876,915 | 86% | Elected | — |
| Elect Director: Duaine C. Espegard | 16,275,660 | -- | -- | 2,437,772 | 876,915 | 87% | Elected | — |
| Elect Director: Cindy L. Launer | 18,421,522 | -- | -- | 291,910 | 876,915 | 98% | Elected | — |
| Elect Director: Prakash Mathew | 16,187,159 | -- | -- | 2,526,273 | 876,915 | 87% | Elected | — |
| Elect Director: Jeffrey R. Missling | 16,312,236 | -- | -- | 2,401,196 | 876,915 | 87% | Elected | — |
| Elect Director: Dave L. Stende | 17,101,524 | -- | -- | 1,611,908 | 876,915 | 91% | Elected | — |
| 2. Ratification of Appointment of Independent Registered Public Accounting Firm | 19,445,074 | 124,504 | 20,769 | -- | -- | 99.3% | Approved | — |
| 3. Advisory Vote to Approve the Compensation of our Named Executive Officers | 18,127,743 | 402,553 | 183,136 | -- | 876,915 | 98% | Approved | — |
This meeting is also recorded here as May 28, 2025 and May 6, 2025; both records come from the same filing, so the date should be checked against it.
Source: NI HOLDINGS INC., Form 8-K, filed with the SEC on May 27, 2025 — read the filing on EDGAR.
Each item below shows how the 97 asset managers that disclosed a NI HOLDINGS INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.
Combines 2 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Cindy L. Launer
NI HOLDINGS INC.’s own tally for this item (“Elect Director: Cindy L. Launer”): 18,421,522 for, 291,910 withheld, per its Form 8-K filed May 27, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “The eight directors were elected at the Annual Meeting for a one-year term based on the following votes:”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 34 asset managers below reported 1,268,182 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 344,243 | 0 | 0 | 0 | For |
| BlackRock | 329,696 | 0 | 0 | 0 | For |
| Dimensional | 223,701 | 0 | 0 | 0 | For |
| Fidelity | 154,360 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 50,000 | 0 | 0 | 0 | For |
| TIAA | 25,598 | 0 | 0 | 0 | For |
| Charles Schwab | 22,654 | 0 | 0 | 0 | For |
| EA Series Trust | 21,850 | 0 | 0 | 0 | For |
| Equitable | 21,661 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 13,658 | 0 | 0 | 0 | For |
| Goldman Sachs | 11,728 | 0 | 0 | 0 | For |
| Lincoln Financial | 8,163 | 0 | 0 | 0 | For |
| Global X | 4,696 | 0 | 0 | 0 | For |
| Pacific Life | 4,366 | 0 | 0 | 0 | For |
| Jackson National | 4,100 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 3,982 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 3,822 | 0 | 0 | 0 | For |
| Northern Trust | 3,588 | 0 | 0 | 0 | For |
| SEI | 2,934 | 0 | 0 | 0 | For |
| State Street | 2,706 | 0 | 0 | 0 | For |
| Nationwide | 1,942 | 0 | 0 | 0 | For |
| ProShares | 1,831 | 0 | 0 | 0 | For |
| American Century | 1,243 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,170 | 0 | 0 | 0 | For |
| DWS | 1,163 | 0 | 0 | 0 | For |
Showing the 25 largest of 34 asset managers. All 34 are in the interactive database (link above).
Combines 2 wordings of this item as funds reported it.
91% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Dave L. Stende
NI HOLDINGS INC.’s own tally for this item (“Elect Director: Dave L. Stende”): 17,101,524 for, 1,611,908 withheld, per its Form 8-K filed May 27, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “The eight directors were elected at the Annual Meeting for a one-year term based on the following votes:”
Support: 91% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 34 asset managers below reported 1,268,182 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 344,243 | 0 | 0 | 0 | For |
| BlackRock | 329,696 | 0 | 0 | 0 | For |
| Dimensional | 223,701 | 0 | 0 | 0 | For |
| Fidelity | 154,360 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 50,000 | 0 | 0 | 0 | For |
| TIAA | 25,598 | 0 | 0 | 0 | For |
| Charles Schwab | 22,654 | 0 | 0 | 0 | For |
| EA Series Trust | 21,850 | 0 | 0 | 0 | For |
| Equitable | 21,661 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 13,658 | 0 | 0 | 0 | For |
| Goldman Sachs | 11,728 | 0 | 0 | 0 | For |
| Lincoln Financial | 8,163 | 0 | 0 | 0 | For |
| Global X | 4,696 | 0 | 0 | 0 | For |
| Pacific Life | 4,366 | 0 | 0 | 0 | For |
| Jackson National | 4,100 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 3,982 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 3,822 | 0 | 0 | 0 | For |
| Northern Trust | 3,588 | 0 | 0 | 0 | For |
| SEI | 2,934 | 0 | 0 | 0 | For |
| State Street | 2,706 | 0 | 0 | 0 | For |
| Nationwide | 1,942 | 0 | 0 | 0 | For |
| ProShares | 1,831 | 0 | 0 | 0 | For |
| American Century | 1,243 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,170 | 0 | 0 | 0 | For |
| DWS | 1,163 | 0 | 0 | 0 | For |
Showing the 25 largest of 34 asset managers. All 34 are in the interactive database (link above).
Combines 2 wordings of this item as funds reported it.
87% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Duaine C. Espegard
NI HOLDINGS INC.’s own tally for this item (“Elect Director: Duaine C. Espegard”): 16,275,660 for, 2,437,772 withheld, per its Form 8-K filed May 27, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “The eight directors were elected at the Annual Meeting for a one-year term based on the following votes:”
Support: 87% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 34 asset managers below reported 1,268,155 for, 27 withheld.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 344,243 | 0 | 0 | 0 | For |
| BlackRock | 329,696 | 0 | 0 | 0 | For |
| Dimensional | 223,701 | 0 | 0 | 0 | For |
| Fidelity | 154,360 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 50,000 | 0 | 0 | 0 | For |
| TIAA | 25,598 | 0 | 0 | 0 | For |
| Charles Schwab | 22,654 | 0 | 0 | 0 | For |
| EA Series Trust | 21,850 | 0 | 0 | 0 | For |
| Equitable | 21,661 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 13,658 | 0 | 0 | 0 | For |
| Goldman Sachs | 11,728 | 0 | 0 | 0 | For |
| Lincoln Financial | 8,163 | 0 | 0 | 0 | For |
| Global X | 4,696 | 0 | 0 | 0 | For |
| Pacific Life | 4,366 | 0 | 0 | 0 | For |
| Jackson National | 4,100 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 3,982 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 3,822 | 0 | 0 | 0 | For |
| Northern Trust | 3,588 | 0 | 0 | 0 | For |
| SEI | 2,934 | 0 | 0 | 0 | For |
| State Street | 2,706 | 0 | 0 | 0 | For |
| Nationwide | 1,942 | 0 | 0 | 0 | For |
| ProShares | 1,831 | 0 | 0 | 0 | For |
| American Century | 1,243 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,170 | 0 | 0 | 0 | For |
| DWS | 1,163 | 0 | 0 | 0 | For |
Showing the 25 largest of 34 asset managers. All 34 are in the interactive database (link above).
Combines 2 wordings of this item as funds reported it.
86% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Eric K. Aasmundstad
NI HOLDINGS INC.’s own tally for this item (“Elect Director: Eric K. Aasmundstad”): 16,154,995 for, 2,558,437 withheld, per its Form 8-K filed May 27, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “The eight directors were elected at the Annual Meeting for a one-year term based on the following votes:”
Support: 86% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 34 asset managers below reported 1,185,088 for, 83,094 withheld.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 344,243 | 0 | 0 | 0 | For |
| BlackRock | 302,740 | 0 | 0 | 26,956 | Mixed |
| Dimensional | 223,701 | 0 | 0 | 0 | For |
| Fidelity | 154,360 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 50,000 | 0 | 0 | 0 | For |
| TIAA | 0 | 0 | 0 | 25,598 | Withhold |
| Charles Schwab | 22,654 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 0 | 0 | 21,850 | Withhold |
| Equitable | 13,901 | 0 | 0 | 7,760 | Mixed |
| QUANTITATIVE MASTER SERIES LLC | 13,658 | 0 | 0 | 0 | For |
| Goldman Sachs | 11,728 | 0 | 0 | 0 | For |
| Lincoln Financial | 8,163 | 0 | 0 | 0 | For |
| Global X | 4,696 | 0 | 0 | 0 | For |
| Pacific Life | 4,366 | 0 | 0 | 0 | For |
| Jackson National | 4,100 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 3,982 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 3,822 | 0 | 0 | 0 | For |
| Northern Trust | 3,588 | 0 | 0 | 0 | For |
| SEI | 2,934 | 0 | 0 | 0 | For |
| State Street | 2,706 | 0 | 0 | 0 | For |
| Nationwide | 1,942 | 0 | 0 | 0 | For |
| ProShares | 1,831 | 0 | 0 | 0 | For |
| American Century | 1,243 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,170 | 0 | 0 | 0 | For |
| DWS | 1,163 | 0 | 0 | 0 | For |
Showing the 25 largest of 34 asset managers. All 34 are in the interactive database (link above).
Combines 2 wordings of this item as funds reported it.
87% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Jeffrey R. Missling
NI HOLDINGS INC.’s own tally for this item (“Elect Director: Jeffrey R. Missling”): 16,312,236 for, 2,401,196 withheld, per its Form 8-K filed May 27, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “The eight directors were elected at the Annual Meeting for a one-year term based on the following votes:”
Support: 87% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 34 asset managers below reported 1,268,182 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 344,243 | 0 | 0 | 0 | For |
| BlackRock | 329,696 | 0 | 0 | 0 | For |
| Dimensional | 223,701 | 0 | 0 | 0 | For |
| Fidelity | 154,360 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 50,000 | 0 | 0 | 0 | For |
| TIAA | 25,598 | 0 | 0 | 0 | For |
| Charles Schwab | 22,654 | 0 | 0 | 0 | For |
| EA Series Trust | 21,850 | 0 | 0 | 0 | For |
| Equitable | 21,661 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 13,658 | 0 | 0 | 0 | For |
| Goldman Sachs | 11,728 | 0 | 0 | 0 | For |
| Lincoln Financial | 8,163 | 0 | 0 | 0 | For |
| Global X | 4,696 | 0 | 0 | 0 | For |
| Pacific Life | 4,366 | 0 | 0 | 0 | For |
| Jackson National | 4,100 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 3,982 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 3,822 | 0 | 0 | 0 | For |
| Northern Trust | 3,588 | 0 | 0 | 0 | For |
| SEI | 2,934 | 0 | 0 | 0 | For |
| State Street | 2,706 | 0 | 0 | 0 | For |
| Nationwide | 1,942 | 0 | 0 | 0 | For |
| ProShares | 1,831 | 0 | 0 | 0 | For |
| American Century | 1,243 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,170 | 0 | 0 | 0 | For |
| DWS | 1,163 | 0 | 0 | 0 | For |
Showing the 25 largest of 34 asset managers. All 34 are in the interactive database (link above).
Combines 2 wordings of this item as funds reported it.
87% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Prakash Mathew
NI HOLDINGS INC.’s own tally for this item (“Elect Director: Prakash Mathew”): 16,187,159 for, 2,526,273 withheld, per its Form 8-K filed May 27, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “The eight directors were elected at the Annual Meeting for a one-year term based on the following votes:”
Support: 87% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 34 asset managers below reported 1,185,115 for, 83,067 withheld.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 344,243 | 0 | 0 | 0 | For |
| BlackRock | 302,740 | 0 | 0 | 26,956 | Mixed |
| Dimensional | 223,701 | 0 | 0 | 0 | For |
| Fidelity | 154,360 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 50,000 | 0 | 0 | 0 | For |
| TIAA | 0 | 0 | 0 | 25,598 | Withhold |
| Charles Schwab | 22,654 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 0 | 0 | 21,850 | Withhold |
| Equitable | 13,901 | 0 | 0 | 7,760 | Mixed |
| QUANTITATIVE MASTER SERIES LLC | 13,658 | 0 | 0 | 0 | For |
| Goldman Sachs | 11,728 | 0 | 0 | 0 | For |
| Lincoln Financial | 8,163 | 0 | 0 | 0 | For |
| Global X | 4,696 | 0 | 0 | 0 | For |
| Pacific Life | 4,366 | 0 | 0 | 0 | For |
| Jackson National | 4,100 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 3,982 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 3,822 | 0 | 0 | 0 | For |
| Northern Trust | 3,588 | 0 | 0 | 0 | For |
| SEI | 2,934 | 0 | 0 | 0 | For |
| State Street | 2,706 | 0 | 0 | 0 | For |
| Nationwide | 1,942 | 0 | 0 | 0 | For |
| ProShares | 1,831 | 0 | 0 | 0 | For |
| American Century | 1,243 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,170 | 0 | 0 | 0 | For |
| DWS | 1,163 | 0 | 0 | 0 | For |
Showing the 25 largest of 34 asset managers. All 34 are in the interactive database (link above).
Combines 2 wordings of this item as funds reported it.
91% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Seth C. Daggett
NI HOLDINGS INC.’s own tally for this item (“Elect Director: Seth C. Daggett”): 16,961,195 for, 1,752,237 withheld, per its Form 8-K filed May 27, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “The eight directors were elected at the Annual Meeting for a one-year term based on the following votes:”
Support: 91% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 34 asset managers below reported 1,268,182 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 344,243 | 0 | 0 | 0 | For |
| BlackRock | 329,696 | 0 | 0 | 0 | For |
| Dimensional | 223,701 | 0 | 0 | 0 | For |
| Fidelity | 154,360 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 50,000 | 0 | 0 | 0 | For |
| TIAA | 25,598 | 0 | 0 | 0 | For |
| Charles Schwab | 22,654 | 0 | 0 | 0 | For |
| EA Series Trust | 21,850 | 0 | 0 | 0 | For |
| Equitable | 21,661 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 13,658 | 0 | 0 | 0 | For |
| Goldman Sachs | 11,728 | 0 | 0 | 0 | For |
| Lincoln Financial | 8,163 | 0 | 0 | 0 | For |
| Global X | 4,696 | 0 | 0 | 0 | For |
| Pacific Life | 4,366 | 0 | 0 | 0 | For |
| Jackson National | 4,100 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 3,982 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 3,822 | 0 | 0 | 0 | For |
| Northern Trust | 3,588 | 0 | 0 | 0 | For |
| SEI | 2,934 | 0 | 0 | 0 | For |
| State Street | 2,706 | 0 | 0 | 0 | For |
| Nationwide | 1,942 | 0 | 0 | 0 | For |
| ProShares | 1,831 | 0 | 0 | 0 | For |
| American Century | 1,243 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,170 | 0 | 0 | 0 | For |
| DWS | 1,163 | 0 | 0 | 0 | For |
Showing the 25 largest of 34 asset managers. All 34 are in the interactive database (link above).
Combines 2 wordings of this item as funds reported it.
86% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: William R. Devlin
NI HOLDINGS INC.’s own tally for this item (“Elect Director: William R. Devlin”): 16,146,207 for, 2,567,225 withheld, per its Form 8-K filed May 27, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “The eight directors were elected at the Annual Meeting for a one-year term based on the following votes:”
Support: 86% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 34 asset managers below reported 1,177,458 for, 90,724 withheld.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 344,243 | 0 | 0 | 0 | For |
| BlackRock | 302,740 | 0 | 0 | 26,956 | Mixed |
| Dimensional | 223,701 | 0 | 0 | 0 | For |
| Fidelity | 154,360 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 50,000 | 0 | 0 | 0 | For |
| TIAA | 0 | 0 | 0 | 25,598 | Withhold |
| Charles Schwab | 22,654 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 0 | 0 | 21,850 | Withhold |
| Equitable | 13,901 | 0 | 0 | 7,760 | Mixed |
| QUANTITATIVE MASTER SERIES LLC | 13,658 | 0 | 0 | 0 | For |
| Goldman Sachs | 11,728 | 0 | 0 | 0 | For |
| Lincoln Financial | 8,163 | 0 | 0 | 0 | For |
| Global X | 0 | 0 | 0 | 4,696 | Withhold |
| Pacific Life | 4,366 | 0 | 0 | 0 | For |
| Jackson National | 4,100 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 3,982 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 3,822 | 0 | 0 | 0 | For |
| Northern Trust | 3,588 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 2,934 | Withhold |
| State Street | 2,706 | 0 | 0 | 0 | For |
| Nationwide | 1,942 | 0 | 0 | 0 | For |
| ProShares | 1,831 | 0 | 0 | 0 | For |
| American Century | 1,243 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,170 | 0 | 0 | 0 | For |
| DWS | 1,163 | 0 | 0 | 0 | For |
Showing the 25 largest of 34 asset managers. All 34 are in the interactive database (link above).
Combines 4 wordings of this item as funds reported it.
98% Approved · of votes cast
Description as filed by funds: PROPOSAL TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.
NI HOLDINGS INC.’s own tally for this item (“3. Advisory Vote to Approve the Compensation of our Named Executive Officers”): 18,127,743 for, 402,553 against — passed, per its Form 8-K filed May 27, 2025 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “The Company's executive compensation was approved by a non-binding advisory vote based upon the following votes:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 344,243 | 0 | 0 | 0 | For |
| BlackRock | 329,696 | 0 | 0 | 0 | For |
| Dimensional | 223,701 | 0 | 0 | 0 | For |
| Fidelity | 154,360 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 50,000 | 0 | 0 | 0 | For |
| TIAA | 25,598 | 0 | 0 | 0 | For |
| Charles Schwab | 22,654 | 0 | 0 | 0 | For |
| EA Series Trust | 21,850 | 0 | 0 | 0 | For |
| Equitable | 21,661 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 13,658 | 0 | 0 | 0 | For |
| Goldman Sachs | 11,728 | 0 | 0 | 0 | For |
| Lincoln Financial | 8,163 | 0 | 0 | 0 | For |
| Global X | 4,696 | 0 | 0 | 0 | For |
| Pacific Life | 4,366 | 0 | 0 | 0 | For |
| Jackson National | 4,100 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 3,982 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 3,822 | 0 | 0 | 0 | For |
| Northern Trust | 3,588 | 0 | 0 | 0 | For |
| SEI | 2,934 | 0 | 0 | 0 | For |
| State Street | 2,706 | 0 | 0 | 0 | For |
| Nationwide | 1,942 | 0 | 0 | 0 | For |
| ProShares | 1,831 | 0 | 0 | 0 | For |
| American Century | 0 | 1,243 | 0 | 0 | Against |
| Prudential/PGIM | 1,170 | 0 | 0 | 0 | For |
| DWS | 1,163 | 0 | 0 | 0 | For |
Fund voting reports, all 34 managers: 1,266,939 for, 1,243 against. Showing the 25 largest; every one is in the interactive database (link above).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| M3F, Inc. | 1,409,844 | 0 | 0 | 0 | For |
| Newtyn Management, LLC | 659,988 | 0 | 0 | 0 | For |
| TCW GROUP INC | 331,857 | 0 | 0 | 0 | For |
| CONNING INC. | 249,234 | 0 | 0 | 0 | For |
| Orchard Capital Management, LLC | 182,326 | 0 | 0 | 0 | For |
| BlackRock | 176,245 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 173,061 | 0 | 0 | 0 | For |
| State Street | 132,772 | 0 | 0 | 0 | For |
| Philadelphia Financial Management of San Francisco, LLC | 83,349 | 0 | 0 | 0 | For |
| Northern Trust | 67,562 | 0 | 0 | 0 | For |
| Renaissance | 63,191 | 0 | 0 | 0 | For |
| Arbiter Partners Capital Management LLC | 51,392 | 0 | 0 | 0 | For |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 50,000 | 0 | 0 | 0 | For |
| Dimensional | 47,892 | 0 | 0 | 0 | For |
| ROCKEFELLER FINANCIAL LLC | 46,991 | 0 | 0 | 0 | For |
| AWH Capital, L.P. | 40,016 | 0 | 0 | 0 | For |
| BOOTHBAY FUND MANAGEMENT, LLC | 31,000 | 0 | 0 | 0 | For |
| Allianz | 0 | 27,049 | 0 | 0 | Against |
| Nuveen | 25,786 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 0 | 24,815 | 0 | 0 | Against |
| Citadel | 22,775 | 0 | 0 | 0 | For |
| Charles Schwab | 22,655 | 0 | 0 | 0 | For |
| Goldman Sachs | 16,225 | 0 | 0 | 0 | For |
| US BANK NATIONAL ASSOCIATION | 10,000 | 0 | 0 | 0 | For |
| AllianceBernstein | 7,760 | 0 | 0 | 0 | For |
Institutional-manager reports, all 77 managers: 3,974,555 for, 61,958 against. Showing the 25 largest; every one is in the interactive database (link above).
99.3% Approved · of votes cast
Description as filed by funds: PROPOSAL TO RATIFY THE APPOINTMENT OF FORVIS MAZARS, LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2025.
NI HOLDINGS INC.’s own tally for this item (“2. Ratification of Appointment of Independent Registered Public Accounting Firm”): 19,445,074 for, 124,504 against — passed, per its Form 8-K filed May 27, 2025 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “The appointment of Forvis Mazars, LLP as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2025, was ratified based upon the following votes:”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 34 asset managers below reported 1,246,332 for, 21,850 against.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 344,243 | 0 | 0 | 0 | For |
| BlackRock | 329,696 | 0 | 0 | 0 | For |
| Dimensional | 223,701 | 0 | 0 | 0 | For |
| Fidelity | 154,360 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 50,000 | 0 | 0 | 0 | For |
| TIAA | 25,598 | 0 | 0 | 0 | For |
| Charles Schwab | 22,654 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 21,850 | 0 | 0 | Against |
| Equitable | 21,661 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 13,658 | 0 | 0 | 0 | For |
| Goldman Sachs | 11,728 | 0 | 0 | 0 | For |
| Lincoln Financial | 8,163 | 0 | 0 | 0 | For |
| Global X | 4,696 | 0 | 0 | 0 | For |
| Pacific Life | 4,366 | 0 | 0 | 0 | For |
| Jackson National | 4,100 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 3,982 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 3,822 | 0 | 0 | 0 | For |
| Northern Trust | 3,588 | 0 | 0 | 0 | For |
| SEI | 2,934 | 0 | 0 | 0 | For |
| State Street | 2,706 | 0 | 0 | 0 | For |
| Nationwide | 1,942 | 0 | 0 | 0 | For |
| ProShares | 1,831 | 0 | 0 | 0 | For |
| American Century | 1,243 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,170 | 0 | 0 | 0 | For |
| DWS | 1,163 | 0 | 0 | 0 | For |
Showing the 25 largest of 34 asset managers. All 34 are in the interactive database (link above).
Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 20,698,574 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 1.66% |
| 2 | BlackRock | 1.59% |
| 3 | Dimensional | 1.08% |
| 4 | Fidelity | 0.75% |
| 5 | BRIDGEWAY FUNDS INC | 0.24% |
| 6 | TIAA | 0.12% |
| 7 | Charles Schwab | 0.11% |
| 8 | EA Series Trust | 0.11% |
| 9 | Equitable | 0.10% |
| 10 | QUANTITATIVE MASTER SERIES LLC | 0.07% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | M3F, Inc. | 6.81% |
| 2 | Newtyn Management, LLC | 3.19% |
| 3 | TCW GROUP INC | 1.60% |
| 4 | CONNING INC. | 1.20% |
| 5 | Orchard Capital Management, LLC | 0.88% |
| 6 | BlackRock | 0.85% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 0.84% |
| 8 | State Street | 0.64% |
| 9 | Philadelphia Financial Management of San Francisco, LLC | 0.40% |
| 10 | Northern Trust | 0.33% |
As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.
| Holder | % outstanding | Disclosure |
|---|---|---|
| Nodak Mutual Group, Inc. | 61.12% | DEF14A |
| M3 Funds, LLC | 7.98% | 13G |
| M3 Partners, L.P. | 6.46% | DEF14A |
| BlackRock | 2.79% | 13F |
| Vanguard Group | 1.69% | 13F |
| Dimensional Fund Advisors | 1.34% | 13F |
| Geode Capital | 0.84% | 13F |
| State Street | 0.68% | 13F |
| Michael J. Alexander | 0.58% | DEF14A |
| Renaissance Technologies | 0.43% | 13F |
Percentages above are of 20,698,574 shares outstanding, as reported by NI HOLDINGS INC. on its Form 10-Q dated April 30, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from NI HOLDINGS INC.’s 10-Q dated April 30, 2025. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.
NI HOLDINGS INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.
proxyvotesnow.com, “NI HOLDINGS (NODK) 2025 Annual Meeting: Vote Results & How Funds Voted”, https://proxyvotesnow.com/company/ni-holdings-inc/2025 (version of November 8, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.