{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-21-117361","form_type":"8-K","ticker":"ALRS","cik":"0000903419","company_name":"ALERUS FINANCIAL CORP","filed_at":"2021-09-20T23:59:59+00:00","discovered_at":"2026-05-14T18:04:21.202062+00:00","generated_at":"2026-06-29T02:49:32.884125+00:00","sec_items":["5.02","8.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Alerus Financial CEO Randy Newman to retire; CFO Katie Lorenson named successor effective Jan 1, 2022","bullets":["Randy Newman retires as Pres/CEO Jan 1, 2022; will be Executive Chairman until 2022 annual meeting.","Katie A. Lorenson (current EVP/CFO) named President & CEO effective Jan 1, 2022; also joins Board. Base salary $550,000, bonus target 50% of base.","Newman had been with Alerus since 1981, became CEO in 1995; grew net income from $5.1M (1995) to $44.7M (2020).","Company will conduct a search for a new CFO, considering both internal and external candidates."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-21-117361","json":"https://secwatch.observer/filing/0001104659-21-117361.json","markdown":"https://secwatch.observer/filing/0001104659-21-117361.md","text":"https://secwatch.observer/filing/0001104659-21-117361.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/903419/000110465921117361/0001104659-21-117361-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/903419/000110465921117361/tm2127984d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T02:49:32.884125+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"176c1c35b3","claim":"Katie A. Lorenson was appointed as Director at ALERUS FINANCIAL CORP.","evidence_excerpt":"appointed Katie Lorenson as a director to fill the vacancy created by this increase.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/903419/000110465921117361/0001104659-21-117361-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"7abff6cc0d","claim":"Katie A. Lorenson was appointed as President and Chief Executive Officer at ALERUS FINANCIAL CORP.","evidence_excerpt":"Katie A. Lorenson, will become the new President and Chief Executive Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/903419/000110465921117361/0001104659-21-117361-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"b3bf79c7e5","claim":"Randy L. Newman retired as President and Chief Executive Officer at ALERUS FINANCIAL CORP.","evidence_excerpt":"Randy L. Newman will retire from his roles as President and Chief Executive Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/903419/000110465921117361/0001104659-21-117361-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}