secwatch.observer — SEC 8-K summary
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Issuer:     HMN FINANCIAL INC (—)
CIK:        0000921183
Form:       8-K
Filed at:   2024-10-09T23:59:59+00:00
Accession:  0001437749-24-030970
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.01, 5.01, 3.01, 3.03, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HMN Financial acquired by Alerus; shareholders receive 1.25 Alerus shares per HMNF share
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- Merger completed October 9, 2024; each HMNF share converted to 1.25 Alerus shares (cash for fractions).
- HMNF common stock delisted from Nasdaq effective October 9, 2024; Form 15 to follow for deregistration.
- HMNF ceased as separate entity; directors and officers resigned; former HMNF director Jeffrey Bolton appointed to Alerus board.
- HMNF outstanding restricted stock fully vested immediately prior to the Effective Time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921183/000143774924030970/0001437749-24-030970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921183/000143774924030970/hmnf20241009_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-030970

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