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AI brief of an SEC Form 8-K · NMI Holdings (NMIH)

NMI Holdings names Aurora Swithenbank CFO effective May 1, replacing Ravi Mallela

Neutral Impact 4 of 5 leadership Written later

NMI Holdings, Inc. said Aurora Swithenbank, formerly CFO of Vantage Group Holdings Ltd., will become Executive Vice President and Chief Financial Officer effective May 1, 2024, succeeding Ravi Mallela, who is leaving the company on the same date in an involuntary termination without cause. The filing says his departure is not the result of any disagreement over financial disclosures, accounting, operations, policies or practices. The change is a senior executive transition that shareholders may watch for continuity in financial leadership.

Key points

  • Aurora Swithenbank becomes EVP and CFO effective May 1, 2024, with a base salary of $505,000 and a target bonus of 100% of base salary
  • Her one-time inducement equity award has a grant date value of $1,500,000 in restricted stock units
  • Ravi Mallela, CFO since 2022, leaves effective May 1, 2024; his separation severance payment is $252,500
  • The company said Mallela's departure involves no issues or disagreements relating to financial disclosures or accounting

The filing

CompanyNMI Holdings (NMIH)
Form8-K, current report
Filed with the SECMar 4, 2024, 8:05 AM ET
Accession number0001547903-24-000041

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 04, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.