StockWatch
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Major Banks
AGM/EGMMay 15, 2026, 04:10 PM

Alerus Financial Stockholders Elect Directors, Approve Exec Comp

AI Summary

Alerus Financial Corporation held its 2026 Annual Meeting of Stockholders on May 14, 2026, with 80.81% of outstanding shares represented, constituting a quorum. Stockholders elected all nine director nominees to the Board of Directors. Additionally, the 2025 compensation for named executive officers was approved on a non-binding advisory basis, and RSM US LLP was ratified as the independent registered public accounting firm for the year ending December 31, 2026.

Key Highlights

  • Alerus Financial Corporation held its 2026 Annual Meeting of Stockholders on May 14, 2026.
  • A quorum was established with 80.81% of outstanding shares (20,654,357 shares) represented.
  • All nine director nominees were elected to serve on the Board until the 2027 Annual Meeting.
  • Stockholders approved, on a non-binding advisory basis, the 2025 executive compensation (13,525,678 votes For).
  • The appointment of RSM US LLP as the independent auditor for 2026 was ratified (20,405,133 votes For).