secwatch.observer — SEC 8-K summary
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Issuer:     ALERUS FINANCIAL CORP (ALRS)
CIK:        0000903419
Form:       8-K
Filed at:   2025-08-28T23:59:59+00:00
Accession:  0001437749-25-027938
Event type: dividend
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903419/000143774925027938/0001437749-25-027938-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903419/000143774925027938/alrs20250826_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-027938

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