Alerus Financial stockholders approve doubling of authorized shares to 60M; annual meeting results

ALERUS FINANCIAL CORP

Stockholders approved amendment increasing authorized common shares from 30M to 60M, filed with Delaware on May 8, 2025.
Director John Uribe received 7.96M for votes vs 8.46M withheld; other 8 directors easily re-elected.
Say-on-pay approved with ~92% support; company will hold annual advisory vote through 2031.
Ratification of RSM US LLP as independent auditor for FY2025 passed with 21.18M votes for.
Quorum of 85.32% (21.77M shares) represented at the annual meeting.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ALERUS FINANCIAL CORP: Increased number of authorized shares of common stock from 30,000,000 to 60,000,000 (effective 2025-05-08).

Change: charter amendment
Effective: 2025-05-08

Exact text from the filing

The Amendment was previously approved by the Board of Directors of the Company (the “Board”), subject to stockholder approval, and became effective on May 8, 2025 upon filing with the Delaware Secretary of State.

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ALERUS FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001437749-25-016117

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