Alerus Financial Corp Reports Board and Executive Compensation Changes
Ticker: ALRS · Form: 8-K · Filed: Apr 29, 2024 · CIK: 903419
| Field | Detail |
|---|---|
| Company | Alerus Financial Corp (ALRS) |
| Form Type | 8-K |
| Filed Date | Apr 29, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: ALRS
TL;DR
Alerus Financial Corp (ALRS) filed an 8-K detailing board changes and executive comp updates.
AI Summary
Alerus Financial Corporation announced on April 25, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory plans for key executives.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or future performance expectations.
Risk Assessment
Risk Level: low — This filing is routine and reports on corporate governance and compensation, not immediate financial distress or significant operational shifts.
Key Players & Entities
- Alerus Financial Corporation (company) — Registrant
- April 25, 2024 (date) — Date of earliest event reported
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of certain officers and the election of new directors, though specific names are not detailed in the provided excerpt.
What is the nature of the changes in compensatory arrangements?
The filing mentions updates to compensatory arrangements for certain officers, but the specifics of these arrangements are not elaborated in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on April 25, 2024.
What is Alerus Financial Corporation's state of incorporation?
Alerus Financial Corporation is incorporated in Delaware.
What is the principal executive office address for Alerus Financial Corporation?
The principal executive offices are located at 401 Demers Avenue, Grand Forks, North Dakota 58201.
Filing Stats: 441 words · 2 min read · ~1 pages · Grade level 12.4 · Accepted 2024-04-29 16:05:16
Key Financial Figures
- $1.00 — nge on which registered Common Stock, $1.00 par value per share ALRS The Nasdaq
Filing Documents
- tm2412605d1_8k.htm (8-K) — 26KB
- 0001104659-24-053999.txt ( ) — 195KB
- alrs-20240425.xsd (EX-101.SCH) — 3KB
- alrs-20240425_lab.xml (EX-101.LAB) — 33KB
- alrs-20240425_pre.xml (EX-101.PRE) — 22KB
- tm2412605d1_8k_htm.xml (XML) — 4KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the inline XBRL document)
SignatureS
SignatureS 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. Date: April 29, 2024 Alerus Financial Corporation By: /s/ Katie A. Lorenson Name: Katie A. Lorenson Title: President and Chief Executive Officer