8-K
ALERUS FINANCIAL CORP (ALRS)
United States
Securities And Exchange Commission Washington, DC 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15( d ) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 23, 2021
Alerus Financial Corporation (Exact Name of Registrant as Specified in Charter)
| Delaware | 001-39036 | 45-0375407 |
|---|---|---|
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
401 Demers Avenue Grand Forks , North Dakota **** 58201 (Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (701) 795-3200
N/A (Former Name or Former Address, if Changed Since Last Report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| | | |||
|---|---|---|---|---|
| Title of each class | | Trading symbol | | Name of each exchange on which registered |
| Common Stock, $1.00 par value per share | | ALRS | | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01.Other Events.
On November 23, 2021, Alerus Financial Corporation announced that its Board of Directors declared a cash dividend of $0.16 per share of its common stock. The dividend is payable on January 14, 2022, to stockholders of record on December 24, 2021. A copy of the press release announcing the dividend is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits
| | | |
|---|---|---|
| Exhibit No. | **** | Description |
| | | |
| 99.1<br><br>104 | | Press Release of Alerus Financial Corporation, dated November 23, 2021<br><br>Cover Page Interactive Data File (embedded within the Inline XBLR document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | |
|---|---|---|
| Date: November 23, 2021 | Alerus Financial Corporation | |
| | | |
| | | |
| | By: | /s/ Randy L. Newman |
| | Name: | Randy L. Newman |
| | Title: | Chairman, Chief Executive Officer and President |
| | |
| | |
|---|---|
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Missy Keney, Investor Relations<br><br>701.280.5120 (Office) :: 218.791.6818 (Cell)<br><br>missy.keney@alerus.com<br><br>investors.alerus.com |
FOR IMMEDIATE RELEASE
ALERUS FINANCIAL CORPORATION DECLARES
CASH DIVIDEND ON COMMON SHARES
GRAND FORKS, N.D. (November 23, 2021) – Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.16 per common share, a 6.7 percent increase over the dividend paid a year ago. The dividend is payable on January 14, 2022, to stockholders of record as of close of business on December 24, 2021. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus’ investor relations website at investors.alerus.com.
About Alerus Financial Corporation
Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments—banking, retirement and benefit services, wealth management, and mortgage. These solutions are delivered through a relationship-oriented primary point of contact along with responsive and client-friendly technology. Alerus Financial banking and wealth management offices are located in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan area and Scottsdale and Mesa, AZ. Alerus Retirement and Benefits plan administration offices are located in St. Paul, MN, East Lansing, MI, and Littleton, CO.