---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-106301"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2022-10-05T23:59:59+00:00"
generated_at: "2026-06-23T05:28:19.843362+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Director Jill Schurtz resigns from Alerus board to avoid conflict of interest

## Summary
- Jill Schurtz resigned effective September 30, 2022.
- Reason: new role as Executive Director and CIO of Minnesota State Board of Investment.
- Resignation not due to disagreement with company operations or policies.
- No replacement announced; board composition changed.

## SEC filing metadata
- accession: 0001104659-22-106301
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2022-10-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903419/000110465922106301/0001104659-22-106301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000110465922106301/tm2227476d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-106301
- JSON: https://secwatch.observer/filing/0001104659-22-106301.json
- Plain text: https://secwatch.observer/filing/0001104659-22-106301.txt

## Key facts
- Executive change
  Jill Schurtz resigned as director at ALERUS FINANCIAL CORP.
  - Action: resigned
  - Role: director
  source text: On September 30, 2022, Jill Schurtz notified Alerus Financial Corporation (the “Company”) of her decision to resign as a member of the Company’s board of directors, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903419/000110465922106301/0001104659-22-106301-index.htm

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