---
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"
generated_at: "2026-05-17T09:36:07.063367+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Alerus Financial declares $0.21 quarterly dividend (+5% YoY) and enters CEO severance agreement

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-027938
- JSON: https://secwatch.observer/filing/0001437749-25-027938.json
- Plain text: https://secwatch.observer/filing/0001437749-25-027938.txt

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