Alerus Financial elects nine directors; Newman receives lowest support at 76.3%

Filed May 15, 2026 · Period ending May 14, 2026 · ~1 min read

Key Changes

• medium

  Director Randy L. Newman elected with 76.3% support (10.8M for, 3.4M withheld), notably lower than other directors who received 86.8%–92.5% support. Newman's support represented 42.3% of shares outstanding versus 48.1%–51.3% for other nominees.

  Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →
• low

  Executive compensation approved with 96.7% support (13.5M for, 463K against, 187K abstentions), representing 52.9% of shares outstanding. 6.5M broker non-votes.

  Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →
• low

  RSM US LLP ratified as 2026 auditor with 98.8% support (20.4M for, 244K against), representing 79.8% of shares outstanding.

  Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →