---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-024895"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2024-02-16T23:59:59+00:00"
generated_at: "2026-06-06T00:34:58.078333+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Director Michael Mathews resigns from Alerus board to avoid conflict from new role

## Summary
- Mathews notified resignation on Feb 14, 2024, effective immediately.
- Resignation to avoid conflict of interest from accepting a position at an investment banking organization owned by a regional bank.
- No disagreement with Alerus' operations, policies, or practices cited.
- Board seat vacancy created; no replacement announced.

## SEC filing metadata
- accession: 0001104659-24-024895
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2024-02-16T23:59:59+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/903419/000110465924024895/0001104659-24-024895-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000110465924024895/tm246466d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-024895
- JSON: https://secwatch.observer/filing/0001104659-24-024895.json
- Plain text: https://secwatch.observer/filing/0001104659-24-024895.txt

## Key facts
- Executive change
  Michael Mathews resigned as member of the board of directors at ALERUS FINANCIAL CORP.
  - Action: resigned
  - Role: member of the board of directors
  source text: On February 14, 2024, Michael Mathews notified Alerus Financial Corporation (the “Company”) of his decision to resign as a member of the Company’s board of directors, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903419/000110465924024895/0001104659-24-024895-index.htm

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