{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-027938","form_type":"8-K","ticker":"ALRS","cik":"0000903419","company_name":"ALERUS FINANCIAL CORP","filed_at":"2025-08-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.648942+00:00","generated_at":"2026-05-17T09:36:07.063367+00:00","sec_items":["8.01","9.01"],"event_type":"dividend","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Alerus Financial declares $0.21 quarterly dividend (+5% YoY) and enters CEO severance agreement","bullets":["Quarterly cash dividend $0.21 per share, payable Oct 10, 2025 to holders of record Sept 26, 2025; 5% increase YoY.","Board entered Executive Severance Agreement with CEO Katie A. Lorenson effective Aug 28, 2025.","Severance provides 2x Severance Pay (base + avg bonus + benefits) for termination without cause pre-Change in Control, paid over 12 months.","After a Change in Control, termination provides 2.99x Severance Pay lump sum, with a 24-month evergreen term."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-027938","json":"https://secwatch.observer/filing/0001437749-25-027938.json","markdown":"https://secwatch.observer/filing/0001437749-25-027938.md","text":"https://secwatch.observer/filing/0001437749-25-027938.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/903419/000143774925027938/0001437749-25-027938-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/903419/000143774925027938/alrs20250826_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T09:36:07.063367+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}