---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-128453"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2021-10-21T23:59:59+00:00"
generated_at: "2026-06-28T19:27:19.273398+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Alerus Financial adds three new independent directors: Estep, Schurtz, Zimmer

## Summary
- Board expanded to 10 members; new directors appointed effective Oct 20, 2021.
- Janet Estep brings expertise in digital payments; retired CEO of Nacha.
- Jill Schurtz is CEO/CIO of St. Paul Teachers’ Retirement Fund ($1.3B fund).
- Mary Zimmer adds 35+ years in wealth management; former Wells Fargo Advisors Regional President.
- All three are independent under Nasdaq standards; committees not yet assigned.

## SEC filing metadata
- accession: 0001104659-21-128453
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2021-10-21T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903419/000110465921128453/0001104659-21-128453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000110465921128453/tm2130728d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-128453
- JSON: https://secwatch.observer/filing/0001104659-21-128453.json
- Plain text: https://secwatch.observer/filing/0001104659-21-128453.txt

## Key facts
- Executive change
  Mary E. Zimmer was appointed as Director at ALERUS FINANCIAL CORP.
  - Action: appointed
  - Role: Director
  source text: the Board increased its size to 10 directors and appointed each of Janet O. Estep, Jill E. Schurtz and Mary E. Zimmer to the newly-created seats, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903419/000110465921128453/0001104659-21-128453-index.htm
- Executive change
  Janet O. Estep was appointed as Director at ALERUS FINANCIAL CORP.
  - Action: appointed
  - Role: Director
  source text: the Board increased its size to 10 directors and appointed each of Janet O. Estep, Jill E. Schurtz and Mary E. Zimmer to the newly-created seats, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903419/000110465921128453/0001104659-21-128453-index.htm
- Executive change
  Jill E. Schurtz was appointed as Director at ALERUS FINANCIAL CORP.
  - Action: appointed
  - Role: Director
  source text: the Board increased its size to 10 directors and appointed each of Janet O. Estep, Jill E. Schurtz and Mary E. Zimmer to the newly-created seats, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903419/000110465921128453/0001104659-21-128453-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.