Alerus Financial (ALRS) Proxy filing summary

Executive summary

• Annual meeting scheduled for May 14, 2026, at 1:30 p.m. Central Time, to be held virtually.

• Proxy materials, including the annual report and proxy statement, are available online for review prior to voting.

Voting matters and shareholder proposals

• Election of nine directors is up for shareholder vote.

• Advisory vote on executive compensation for named executive officers.

• Ratification of RSM US LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026.

• Board recommends voting "FOR" all director nominees and both proposals.

Board of directors and corporate governance

• Director nominees include Daniel E. Coughlin, Randy L. Newman, Galen G. Vetter, Katie A. Lorenson, Janet O. Estep, Mary E. Zimmer, Nikki L Sorum, John Uribe, and Jeffrey W. Bolton.