proxyvotesnow.com

Home › Companies › ALERUS FINANCIAL CORP. › 2024-2025

ALERUS FINANCIAL CORP. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and ALERUS FINANCIAL CORP.’s Form 8-K, filed 2025-05-12 (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 17Reported items
  • 152Asset managers
  • 2,500Fund votes
  • 2025-05-08Main meeting date

Proxy season: 2024-2025 2025-2026

Explore ALERUS FINANCIAL CORP. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by ALERUS FINANCIAL CORP.

These tallies are ALERUS FINANCIAL CORP.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-05-12 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

ALERUS FINANCIAL CORP. — official shareholder meeting results, meeting held 2025-05-08
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Daniel E. Coughlin 15,047,954---- 1,377,0425,340,967 Majority: yes
Elect Director: Randy L. Newman 12,355,613---- 4,069,3835,340,967 Majority: yes
Elect Director: Galen G. Vetter 14,946,333---- 1,478,6635,340,967 Majority: yes
Elect Director: Katie A. Lorenson 15,036,204---- 1,388,7925,340,967 Majority: yes
Elect Director: Janet O. Estep 15,039,227---- 1,385,7695,340,967 Majority: yes
Elect Director: Mary E. Zimmer 15,052,061---- 1,372,9355,340,967 Majority: yes
Elect Director: Nikki L. Sorum 15,077,456---- 1,347,5405,340,967 Majority: yes
Elect Director: John Uribe 7,960,827---- 8,464,1695,340,967 Plurality election
Elect Director: Jeffrey W. Bolton 14,973,535---- 1,451,4615,340,967 Majority: yes
Proposal 2: For the approval, on a non-binding advisory basis, of the 2024 compensation paid to the Company's named executive officers: 14,905,5851,062,448456,962 --5,340,967 Majority: yes
Proposal 4: The ratification of the appointment of RSM US LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025: 21,177,55695,046493,361 ---- Majority: yes
Proposal 5: For the approval of the Amendment to increase the number of authorized shares of Company Common Stock authorized for issuance: 20,294,9971,154,555316,411 ---- Majority: yes

Source: ALERUS FINANCIAL CORP., Form 8-K, filed with the SEC on 2025-05-12 — read the filing on EDGAR.

How asset managers voted at the ALERUS FINANCIAL CORP. 2024-2025 meetings

Each item below shows how the 152 asset managers that disclosed a ALERUS FINANCIAL CORP. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of ALERUS FINANCIAL CORP.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Approve, on a non-binding advisory basis, the compensation paid to our named executive officers.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 6 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%
FOR: 14,905,585AGAINST: 1,062,448

ALERUS FINANCIAL CORP.’s own tally for this item (“Proposal 2: For the approval, on a non-binding advisory basis, of the 2024 compensation paid to the Company's named executive officers:”): 14,905,585 for, 1,062,448 against, per its Form 8-K filed 2025-05-12 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 25,365,662 outstanding shares: 59% for, 4% against (63% of the company cast a for/against vote).

The 146 asset managers below cast 97% of the shares they voted on this item FOR (9,661,304 for, 296,032 against).

FOR 97%
FOR: 9,661,304 (97.0%)AGAINST: 296,032 (3.0%)
Largest asset managers voting on “Approve, on a non-binding advisory basis, the compensation paid to our named executive officers.” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,713,8130 00For
Vanguard1,168,6320 00For
Dimensional652,5220 00For
GEODE CAPITAL MANAGEMENT, LLC527,8160 00For
ENDEAVOUR CAPITAL ADVISORS INC527,2830 00For
Fidelity470,3460 00For
State Street409,0950 00For
GENDELL JEFFREY L399,7940 00For
Charles Schwab375,3440 00For
Columbia Threadneedle331,3030 00For
Rhino Investment Partners, Inc287,2260 00For
AllianceBernstein286,9810 00For
Wellington0275,587 00Against
American Century253,8680 00For
Northern Trust190,3890 00For
M3F, Inc.187,3630 00For
Keeley Funds, Inc.109,4270 00For
SEI100,0640 00For
TRUST FOR PROFESSIONAL MANAGERS96,4410 00For
Keeley-Teton Advisors, LLC91,6560 00For
Federated Hermes90,0050 00For
Citadel87,0180 00For
Two Sigma85,9410 00For
Renaissance83,3730 00For
MELLON INVESTMENTS Corp67,5050 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

2. Approve, on a non-binding advisory basis, how often we will hold future advisory votes on the compensation paid to our named executive officers.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-08.

Combines 4 wordings of this item as funds reported it.

100% fund support · no official result

ONE YEAR 54.2%1 YEAR 38%

The 141 asset managers below cast 100% of the shares they voted on this item FOR (58,165 for, 0 against).

FOR: 58,165 (0.6%)ONE YEAR: 5,345,022 (54.2%)1 YEAR: 3,792,295 (38.5%)THREE YEARS: 656,788 (6.7%)3 YEARS: 8,878 (0.1%)1-YEAR: 27 (0.0%)
Largest asset managers voting on “Approve, on a non-binding advisory basis, how often we will hold future advisory votes on the compensation pai” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock00 001 Year
Vanguard00 00One Year
Dimensional00 00Three Years
GEODE CAPITAL MANAGEMENT, LLC00 00One Year
ENDEAVOUR CAPITAL ADVISORS INC00 00One Year
Fidelity00 00One Year
State Street00 00One Year
GENDELL JEFFREY L00 001 Year
Charles Schwab00 001 Year
Columbia Threadneedle00 00One Year
Rhino Investment Partners, Inc00 00One Year
AllianceBernstein00 00One Year
Wellington00 001 Year
American Century00 00One Year
Northern Trust00 001 Year
M3F, Inc.00 001 Year
Keeley Funds, Inc.00 001 Year
SEI00 001 Year
TRUST FOR PROFESSIONAL MANAGERS00 001 Year
Keeley-Teton Advisors, LLC00 00One Year
Federated Hermes00 001 Year
Citadel00 00One Year
Two Sigma00 00One Year
Renaissance00 00One Year
MELLON INVESTMENTS Corp00 00One Year

Showing the 25 largest of 141 asset managers. See all 141 in the interactive database.

3. APPROVE AN AMENDMENT TO THE COMPANY'S THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMPANY COMMON STOCK AUTHORIZED FOR ISSUANCE.

CAPITAL STRUCTUREMajority of the votes cast: yes

Meeting held 2025-05-08.

95% Majority: yes · of votes cast

FOR 95%
FOR: 20,294,997AGAINST: 1,154,555

ALERUS FINANCIAL CORP.’s own tally for this item (“Proposal 5: For the approval of the Amendment to increase the number of authorized shares of Company Common Stock authorized for issuance:”): 20,294,997 for, 1,154,555 against, per its Form 8-K filed 2025-05-12 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 25,365,662 outstanding shares: 80% for, 5% against (85% of the company cast a for/against vote).

The 50 asset managers below cast 100% of the shares they voted on this item FOR (4,563,823 for, 0 against).

FOR 100%
FOR: 4,563,823 (100.0%)
Largest asset managers voting on “APPROVE AN AMENDMENT TO THE COMPANY'S THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE ” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,148,5430 00For
BlackRock954,9440 00For
Dimensional544,1670 00For
Fidelity468,2950 00For
Columbia Threadneedle331,3030 00For
Charles Schwab187,6720 00For
American Century126,9340 00For
Keeley Funds, Inc.109,4270 00For
TRUST FOR PROFESSIONAL MANAGERS96,4410 00For
TIAA56,7930 00For
WisdomTree56,0280 00For
SEI49,8870 00For
Equitable49,5440 00For
Federated Hermes44,2000 00For
QUANTITATIVE MASTER SERIES LLC38,2670 00For
State Street34,5850 00For
Invesco27,8510 00For
Goldman Sachs23,5950 00For
Nationwide20,0940 00For
Northern Lights Fund Trust IV19,7830 00For
EA Series Trust16,3260 00For
Lincoln Financial16,3000 00For
MASTER INVESTMENT PORTFOLIO15,1550 00For
Global X13,1680 00For
Pacific Life12,9200 00For

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

4. Election of Directors: Daniel E. Coughlin

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 4 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%
FOR: 15,047,954WITHHELD: 1,377,042

ALERUS FINANCIAL CORP.’s own tally for this item (“Elect Director: Daniel E. Coughlin”): 15,047,954 for, 1,377,042 withheld, per its Form 8-K filed 2025-05-12 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 25,365,662 outstanding shares: 59% for, 5% withheld (65% of the company cast a for/withheld vote).

The 50 asset managers below cast 100% of the shares they voted on this item FOR (4,545,148 for, 0 against).

FOR 99.5%
FOR: 4,545,148 (99.6%)ABSTAIN: 18,675 (0.4%)
Largest asset managers voting on “Election of Directors: Daniel E. Coughlin” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,148,5430 00For
BlackRock954,9440 00For
Dimensional544,1670 00For
Fidelity468,2950 00For
Columbia Threadneedle331,3030 00For
Charles Schwab187,6720 00For
American Century126,9340 00For
Keeley Funds, Inc.109,4270 00For
TRUST FOR PROFESSIONAL MANAGERS96,4410 00For
TIAA56,7930 00For
WisdomTree56,0280 00For
SEI49,8870 00For
Equitable49,5440 00For
Federated Hermes44,2000 00For
QUANTITATIVE MASTER SERIES LLC38,2670 00For
State Street34,5850 00For
Invesco27,8510 00For
Goldman Sachs23,5950 00For
Nationwide20,0940 00For
Northern Lights Fund Trust IV19,7830 00For
EA Series Trust00 16,3260Abstain
Lincoln Financial16,3000 00For
MASTER INVESTMENT PORTFOLIO15,1550 00For
Global X13,1680 00For
Pacific Life12,9200 00For

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

5. Election of Directors: Galen G. Vetter

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 4 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%9%
FOR: 14,946,333WITHHELD: 1,478,663

ALERUS FINANCIAL CORP.’s own tally for this item (“Elect Director: Galen G. Vetter”): 14,946,333 for, 1,478,663 withheld, per its Form 8-K filed 2025-05-12 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 25,365,662 outstanding shares: 59% for, 6% withheld (65% of the company cast a for/withheld vote).

The 50 asset managers below cast 100% of the shares they voted on this item FOR (4,563,341 for, 0 against).

FOR 99.9%
FOR: 4,563,341 (100.0%)ABSTAIN: 482 (0.0%)
Largest asset managers voting on “Election of Directors: Galen G. Vetter” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,148,5430 00For
BlackRock954,9440 00For
Dimensional544,1670 00For
Fidelity468,2950 00For
Columbia Threadneedle331,3030 00For
Charles Schwab187,6720 00For
American Century126,9340 00For
Keeley Funds, Inc.109,4270 00For
TRUST FOR PROFESSIONAL MANAGERS96,4410 00For
TIAA56,7930 00For
WisdomTree56,0280 00For
SEI49,8870 00For
Equitable49,5440 00For
Federated Hermes44,2000 00For
QUANTITATIVE MASTER SERIES LLC38,2670 00For
State Street34,5440 410For
Invesco27,8510 00For
Goldman Sachs23,5950 00For
Nationwide20,0940 00For
Northern Lights Fund Trust IV19,7830 00For
EA Series Trust16,3260 00For
Lincoln Financial16,3000 00For
MASTER INVESTMENT PORTFOLIO15,1550 00For
Global X13,1680 00For
Pacific Life12,9200 00For

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

6. Election of Directors: Janet O. Estep

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 4 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%
FOR: 15,039,227WITHHELD: 1,385,769

ALERUS FINANCIAL CORP.’s own tally for this item (“Elect Director: Janet O. Estep”): 15,039,227 for, 1,385,769 withheld, per its Form 8-K filed 2025-05-12 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 25,365,662 outstanding shares: 59% for, 5% withheld (65% of the company cast a for/withheld vote).

The 50 asset managers below cast 100% of the shares they voted on this item FOR (4,545,148 for, 0 against).

FOR 99.5%
FOR: 4,545,148 (99.6%)ABSTAIN: 18,675 (0.4%)
Largest asset managers voting on “Election of Directors: Janet O. Estep” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,148,5430 00For
BlackRock954,9440 00For
Dimensional544,1670 00For
Fidelity468,2950 00For
Columbia Threadneedle331,3030 00For
Charles Schwab187,6720 00For
American Century126,9340 00For
Keeley Funds, Inc.109,4270 00For
TRUST FOR PROFESSIONAL MANAGERS96,4410 00For
TIAA56,7930 00For
WisdomTree56,0280 00For
SEI49,8870 00For
Equitable49,5440 00For
Federated Hermes44,2000 00For
QUANTITATIVE MASTER SERIES LLC38,2670 00For
State Street34,5850 00For
Invesco27,8510 00For
Goldman Sachs23,5950 00For
Nationwide20,0940 00For
Northern Lights Fund Trust IV19,7830 00For
EA Series Trust00 16,3260Abstain
Lincoln Financial16,3000 00For
MASTER INVESTMENT PORTFOLIO15,1550 00For
Global X13,1680 00For
Pacific Life12,9200 00For

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

7. Election of Directors: Jeffrey W. Bolton

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 4 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%9%
FOR: 14,973,535WITHHELD: 1,451,461

ALERUS FINANCIAL CORP.’s own tally for this item (“Elect Director: Jeffrey W. Bolton”): 14,973,535 for, 1,451,461 withheld, per its Form 8-K filed 2025-05-12 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 25,365,662 outstanding shares: 59% for, 6% withheld (65% of the company cast a for/withheld vote).

The 50 asset managers below cast 100% of the shares they voted on this item FOR (4,519,623 for, 0 against).

FOR 99.0%
FOR: 4,519,623 (99.0%)ABSTAIN: 44,200 (1.0%)
Largest asset managers voting on “Election of Directors: Jeffrey W. Bolton” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,148,5430 00For
BlackRock954,9440 00For
Dimensional544,1670 00For
Fidelity468,2950 00For
Columbia Threadneedle331,3030 00For
Charles Schwab187,6720 00For
American Century126,9340 00For
Keeley Funds, Inc.109,4270 00For
TRUST FOR PROFESSIONAL MANAGERS96,4410 00For
TIAA56,7930 00For
WisdomTree56,0280 00For
SEI49,8870 00For
Equitable49,5440 00For
Federated Hermes00 44,2000Abstain
QUANTITATIVE MASTER SERIES LLC38,2670 00For
State Street34,5850 00For
Invesco27,8510 00For
Goldman Sachs23,5950 00For
Nationwide20,0940 00For
Northern Lights Fund Trust IV19,7830 00For
EA Series Trust16,3260 00For
Lincoln Financial16,3000 00For
MASTER INVESTMENT PORTFOLIO15,1550 00For
Global X13,1680 00For
Pacific Life12,9200 00For

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

8. Election of Directors: John Uribe

DIRECTOR ELECTIONSCompany result: Plurality election

Meeting held 2025-05-08.

Combines 4 wordings of this item as funds reported it.

48.5% Plurality election · of votes cast

FOR 48.5%WITHHELD 51.5%
FOR: 7,960,827WITHHELD: 8,464,169

ALERUS FINANCIAL CORP.’s own tally for this item (“Elect Director: John Uribe”): 7,960,827 for, 8,464,169 withheld, per its Form 8-K filed 2025-05-12 (Item 5.07). This is a for/withhold election, which is decided by plurality: a nominee does not need a majority of the votes cast to be elected, so no passed or failed outcome is stated here. Of all 25,365,662 outstanding shares: 31% for, 33% withheld (65% of the company cast a for/withheld vote).

The 50 asset managers below cast 100% of the shares they voted on this item FOR (210,732 for, 0 against).

ABSTAIN 95%
FOR: 210,732 (4.6%)ABSTAIN: 4,353,091 (95.4%)
Largest asset managers voting on “Election of Directors: John Uribe” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard00 1,148,5430Abstain
BlackRock00 954,9440Abstain
Dimensional00 544,1670Abstain
Fidelity00 468,2950Abstain
Columbia Threadneedle00 331,3030Abstain
Charles Schwab00 187,6720Abstain
American Century00 126,9340Abstain
Keeley Funds, Inc.00 109,4270Abstain
TRUST FOR PROFESSIONAL MANAGERS96,4410 00For
TIAA00 56,7930Abstain
WisdomTree56,0280 00For
SEI00 49,8870Abstain
Equitable00 49,5440Abstain
Federated Hermes00 44,2000Abstain
QUANTITATIVE MASTER SERIES LLC00 38,2670Abstain
State Street490 34,5360Abstain
Invesco27,8510 00For
Goldman Sachs00 23,5950Abstain
Nationwide00 20,0940Abstain
Northern Lights Fund Trust IV19,7830 00For
EA Series Trust00 16,3260Abstain
Lincoln Financial00 16,3000Abstain
MASTER INVESTMENT PORTFOLIO00 15,1550Abstain
Global X00 13,1680Abstain
Pacific Life00 12,9200Abstain

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

9. Election of Directors: Katie A. Lorenson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 4 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%
FOR: 15,036,204WITHHELD: 1,388,792

ALERUS FINANCIAL CORP.’s own tally for this item (“Elect Director: Katie A. Lorenson”): 15,036,204 for, 1,388,792 withheld, per its Form 8-K filed 2025-05-12 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 25,365,662 outstanding shares: 59% for, 5% withheld (65% of the company cast a for/withheld vote).

The 50 asset managers below cast 100% of the shares they voted on this item FOR (4,563,823 for, 0 against).

FOR 100%
FOR: 4,563,823 (100.0%)
Largest asset managers voting on “Election of Directors: Katie A. Lorenson” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,148,5430 00For
BlackRock954,9440 00For
Dimensional544,1670 00For
Fidelity468,2950 00For
Columbia Threadneedle331,3030 00For
Charles Schwab187,6720 00For
American Century126,9340 00For
Keeley Funds, Inc.109,4270 00For
TRUST FOR PROFESSIONAL MANAGERS96,4410 00For
TIAA56,7930 00For
WisdomTree56,0280 00For
SEI49,8870 00For
Equitable49,5440 00For
Federated Hermes44,2000 00For
QUANTITATIVE MASTER SERIES LLC38,2670 00For
State Street34,5850 00For
Invesco27,8510 00For
Goldman Sachs23,5950 00For
Nationwide20,0940 00For
Northern Lights Fund Trust IV19,7830 00For
EA Series Trust16,3260 00For
Lincoln Financial16,3000 00For
MASTER INVESTMENT PORTFOLIO15,1550 00For
Global X13,1680 00For
Pacific Life12,9200 00For

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

10. Election of Directors: Mary E. Zimmer

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 4 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%
FOR: 15,052,061WITHHELD: 1,372,935

ALERUS FINANCIAL CORP.’s own tally for this item (“Elect Director: Mary E. Zimmer”): 15,052,061 for, 1,372,935 withheld, per its Form 8-K filed 2025-05-12 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 25,365,662 outstanding shares: 59% for, 5% withheld (65% of the company cast a for/withheld vote).

The 50 asset managers below cast 100% of the shares they voted on this item FOR (4,545,148 for, 0 against).

FOR 99.5%
FOR: 4,545,148 (99.6%)ABSTAIN: 18,675 (0.4%)
Largest asset managers voting on “Election of Directors: Mary E. Zimmer” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,148,5430 00For
BlackRock954,9440 00For
Dimensional544,1670 00For
Fidelity468,2950 00For
Columbia Threadneedle331,3030 00For
Charles Schwab187,6720 00For
American Century126,9340 00For
Keeley Funds, Inc.109,4270 00For
TRUST FOR PROFESSIONAL MANAGERS96,4410 00For
TIAA56,7930 00For
WisdomTree56,0280 00For
SEI49,8870 00For
Equitable49,5440 00For
Federated Hermes44,2000 00For
QUANTITATIVE MASTER SERIES LLC38,2670 00For
State Street34,5850 00For
Invesco27,8510 00For
Goldman Sachs23,5950 00For
Nationwide20,0940 00For
Northern Lights Fund Trust IV19,7830 00For
EA Series Trust00 16,3260Abstain
Lincoln Financial16,3000 00For
MASTER INVESTMENT PORTFOLIO15,1550 00For
Global X13,1680 00For
Pacific Life12,9200 00For

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

11. Election of Directors: Nikki L. Sorum

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 4 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%
FOR: 15,077,456WITHHELD: 1,347,540

ALERUS FINANCIAL CORP.’s own tally for this item (“Elect Director: Nikki L. Sorum”): 15,077,456 for, 1,347,540 withheld, per its Form 8-K filed 2025-05-12 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 25,365,662 outstanding shares: 59% for, 5% withheld (65% of the company cast a for/withheld vote).

The 50 asset managers below cast 100% of the shares they voted on this item FOR (4,563,823 for, 0 against).

FOR 100%
FOR: 4,563,823 (100.0%)
Largest asset managers voting on “Election of Directors: Nikki L. Sorum” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,148,5430 00For
BlackRock954,9440 00For
Dimensional544,1670 00For
Fidelity468,2950 00For
Columbia Threadneedle331,3030 00For
Charles Schwab187,6720 00For
American Century126,9340 00For
Keeley Funds, Inc.109,4270 00For
TRUST FOR PROFESSIONAL MANAGERS96,4410 00For
TIAA56,7930 00For
WisdomTree56,0280 00For
SEI49,8870 00For
Equitable49,5440 00For
Federated Hermes44,2000 00For
QUANTITATIVE MASTER SERIES LLC38,2670 00For
State Street34,5850 00For
Invesco27,8510 00For
Goldman Sachs23,5950 00For
Nationwide20,0940 00For
Northern Lights Fund Trust IV19,7830 00For
EA Series Trust16,3260 00For
Lincoln Financial16,3000 00For
MASTER INVESTMENT PORTFOLIO15,1550 00For
Global X13,1680 00For
Pacific Life12,9200 00For

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

12. Election of Directors: Randy L. Newman

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 4 wordings of this item as funds reported it.

75% Majority: yes · of votes cast

FOR 75%WITHHELD 25%
FOR: 12,355,613WITHHELD: 4,069,383

ALERUS FINANCIAL CORP.’s own tally for this item (“Elect Director: Randy L. Newman”): 12,355,613 for, 4,069,383 withheld, per its Form 8-K filed 2025-05-12 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 25,365,662 outstanding shares: 48.7% for, 16% withheld (65% of the company cast a for/withheld vote).

The 50 asset managers below cast 100% of the shares they voted on this item FOR (3,431,077 for, 0 against).

FOR 75%ABSTAIN 25%
FOR: 3,431,077 (75.2%)ABSTAIN: 1,132,746 (24.8%)
Largest asset managers voting on “Election of Directors: Randy L. Newman” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,148,5430 00For
BlackRock928,9260 26,0180For
Dimensional00 544,1670Abstain
Fidelity468,2950 00For
Columbia Threadneedle331,3030 00For
Charles Schwab00 187,6720Abstain
American Century00 126,9340Abstain
Keeley Funds, Inc.109,4270 00For
TRUST FOR PROFESSIONAL MANAGERS96,4410 00For
TIAA56,7930 00For
WisdomTree56,0280 00For
SEI00 49,8870Abstain
Equitable49,5440 00For
Federated Hermes44,2000 00For
QUANTITATIVE MASTER SERIES LLC38,2670 00For
State Street120 34,5730Abstain
Invesco00 27,8510Abstain
Goldman Sachs23,5950 00For
Nationwide7,6480 12,4460Abstain
Northern Lights Fund Trust IV19,7830 00For
EA Series Trust00 16,3260Abstain
Lincoln Financial16,3000 00For
MASTER INVESTMENT PORTFOLIO00 15,1550Abstain
Global X00 13,1680Abstain
Pacific Life12,9200 00For

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

13. Ratification of the appointment of RSM US LLP as the independent public accounting firm for the Company for the fiscal year ending December 31, 2025.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 2 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 21,177,556AGAINST: 95,046

ALERUS FINANCIAL CORP.’s own tally for this item (“Proposal 4: The ratification of the appointment of RSM US LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025:”): 21,177,556 for, 95,046 against, per its Form 8-K filed 2025-05-12 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 25,365,662 outstanding shares: 83% for, 0.4% against (84% of the company cast a for/against vote).

The 50 asset managers below cast 99.6% of the shares they voted on this item FOR (4,547,497 for, 16,326 against).

FOR 99.6%
FOR: 4,547,497 (99.6%)AGAINST: 16,326 (0.4%)
Largest asset managers voting on “Ratification of the appointment of RSM US LLP as the independent public accounting firm for the Company for th” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,148,5430 00For
BlackRock954,9440 00For
Dimensional544,1670 00For
Fidelity468,2950 00For
Columbia Threadneedle331,3030 00For
Charles Schwab187,6720 00For
American Century126,9340 00For
Keeley Funds, Inc.109,4270 00For
TRUST FOR PROFESSIONAL MANAGERS96,4410 00For
TIAA56,7930 00For
WisdomTree56,0280 00For
SEI49,8870 00For
Equitable49,5440 00For
Federated Hermes44,2000 00For
QUANTITATIVE MASTER SERIES LLC38,2670 00For
State Street34,5850 00For
Invesco27,8510 00For
Goldman Sachs23,5950 00For
Nationwide20,0940 00For
Northern Lights Fund Trust IV19,7830 00For
EA Series Trust016,326 00Against
Lincoln Financial16,3000 00For
MASTER INVESTMENT PORTFOLIO15,1550 00For
Global X13,1680 00For
Pacific Life12,9200 00For

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

14. a proposal to approve and adopt the Agreement and Plan of Merger, dated as of May 14, 2024, between Alerus and HMN Financial, Inc. ("HMNF"), pursuant to which HMNF will merge with and into Alerus (the "merger"), and the transactions contemplated therein, including the issuance of Alerus common stock pursuant to the merger agreement (the "Alerus merger proposal"); and

EXTRAORDINARY TRANSACTIONS

Meeting held 2024-09-12; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.5%

The 31 asset managers below cast 100% of the shares they voted on this item FOR (2,311,621 for, 0 against).

FOR: 2,311,621 (99.5%)ABSTAIN: 11,520 (0.5%)
Largest asset managers voting on “a proposal to approve and adopt the Agreement and Plan of Merger, dated as of May 14, 2024, between Alerus and” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard916,5190 00For
Fidelity319,4350 00For
Columbia Threadneedle313,8640 00For
Dimensional205,2580 00For
American Century155,2030 00For
BRIDGEWAY FUNDS INC80,2000 00For
WisdomTree66,4530 00For
TIAA44,8360 00For
State Street32,9350 00For
Equitable16,7920 11,5200For
Invesco27,6660 00For
Northern Trust26,3010 00For
Nationwide22,5290 00For
Goldman Sachs19,5640 00For
Lincoln Financial13,8000 00For
AIG/SunAmerica9,5950 00For
Pacific Life8,0930 00For
Voya6,9870 00For
Brighthouse6,1860 00For
AQR5,2510 00For
ProShares2,9270 00For
DWS2,7860 00For
Victory Capital2,1830 00For
Calvert1,7810 00For
T. Rowe Price1,2070 00For

Showing the 25 largest of 31 asset managers. See all 31 in the interactive database.

15. a proposal to approve the adjournment of the special meeting to permit further solicitation in the event that an insufficient number of votes are cast to approve the Alerus merger proposal (the "Alerus adjournment proposal").

CORPORATE GOVERNANCE

Meeting held 2024-09-12; no official results are on file for this meeting.

85% fund support · no official result

FOR 85%AGAINST 14%

The 31 asset managers below cast 85% of the shares they voted on this item FOR (1,975,892 for, 335,729 against).

FOR: 1,975,892 (85.1%)AGAINST: 335,729 (14.5%)ABSTAIN: 11,520 (0.5%)
Largest asset managers voting on “a proposal to approve the adjournment of the special meeting to permit further solicitation in the event that ” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard916,5190 00For
Fidelity0319,435 00Against
Columbia Threadneedle313,8640 00For
Dimensional205,2580 00For
American Century155,2030 00For
BRIDGEWAY FUNDS INC80,2000 00For
WisdomTree66,4530 00For
TIAA44,8360 00For
State Street32,9350 00For
Equitable16,7920 11,5200For
Invesco27,6660 00For
Northern Trust26,3010 00For
Nationwide22,5290 00For
Goldman Sachs19,5640 00For
Lincoln Financial013,800 00Against
AIG/SunAmerica9,5950 00For
Pacific Life8,0930 00For
Voya6,9870 00For
Brighthouse6,1860 00For
AQR5,2510 00For
ProShares2,9270 00For
DWS2,7860 00For
Victory Capital2,1830 00For
Calvert1,7810 00For
T. Rowe Price01,207 00Against

Showing the 25 largest of 31 asset managers. See all 31 in the interactive database.

16. TO APPROVE THE ADJOURNMENT OF THE ALERUS SPECIAL MEETING TO PERMIT FURTHER SOLICITATION IN THE EVENT THAT AN INSUFFICIENT NUMBER OF VOTES ARE CAST TO APPROVE THE MERGER AGREEMENT AND THE TRANSACTIONS CONTEMPLATED THEREIN.

CORPORATE GOVERNANCE

Meeting held 2024-09-12; no official results are on file for this meeting.

96% fund support · no official result

FOR 96%

The 19 asset managers below cast 96% of the shares they voted on this item FOR (1,241,262 for, 45,560 against).

FOR: 1,241,262 (96.5%)AGAINST: 45,560 (3.5%)
Largest asset managers voting on “TO APPROVE THE ADJOURNMENT OF THE ALERUS SPECIAL MEETING TO PERMIT FURTHER SOLICITATION IN THE EVENT THAT AN I” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock789,3080 00For
Charles Schwab144,5540 00For
TRUST FOR PROFESSIONAL MANAGERS97,5030 00For
SEI69,0170 00For
EA Series Trust045,560 00Against
QUANTITATIVE MASTER SERIES LLC36,2510 00For
Federated Hermes33,5530 00For
Zacks Trust17,8230 00For
MASTER INVESTMENT PORTFOLIO10,2080 00For
Global X9,8290 00For
John Hancock8,4330 00For
Bridge Builder Trust8,2740 00For
Jackson National4,1560 00For
RBC FUNDS TRUST4,0000 00For
SARATOGA ADVANTAGE TRUST3,8120 00For
WILSHIRE MUTUAL FUNDS INC2,1470 00For
GPS Funds I1,6090 00For
Nationwide7200 00For
Advisors' Inner Circle Fund III650 00For

17. To approve the Agreement and Plan of Merger, dated as of May 14, 2024, between Alerus Financial Corporation ("Alerus") and HMN Financial, Inc. ("HMNF"), pursuant to which HMNF will merge with and into Alerus, with Alerus as the surviving entity and the transactions contemplated therein, including the issuance of Alerus common stock pursuant to the merger agreement.

EXTRAORDINARY TRANSACTIONS

Meeting held 2024-09-12; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 18 asset managers below cast 100% of the shares they voted on this item FOR (1,286,757 for, 0 against).

FOR: 1,286,757 (100.0%)
Largest asset managers voting on “To approve the Agreement and Plan of Merger, dated as of May 14, 2024, between Alerus Financial Corporation ("” at ALERUS FINANCIAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock789,3080 00For
Charles Schwab144,5540 00For
TRUST FOR PROFESSIONAL MANAGERS97,5030 00For
SEI69,0170 00For
EA Series Trust45,5600 00For
QUANTITATIVE MASTER SERIES LLC36,2510 00For
Federated Hermes33,5530 00For
Zacks Trust17,8230 00For
MASTER INVESTMENT PORTFOLIO10,2080 00For
Global X9,8290 00For
John Hancock8,4330 00For
Bridge Builder Trust8,2740 00For
Jackson National4,1560 00For
RBC FUNDS TRUST4,0000 00For
SARATOGA ADVANTAGE TRUST3,8120 00For
WILSHIRE MUTUAL FUNDS INC2,1470 00For
GPS Funds I1,6090 00For
Nationwide7200 00For

Largest ALERUS FINANCIAL CORP. shareholders voting in 2024-2025

Ranked by the number of ALERUS FINANCIAL CORP. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 25,365,662 shares outstanding at the time of that meeting.

Top ALERUS FINANCIAL CORP. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1BlackRock 6.76%
2Vanguard 4.61%
3Dimensional 2.57%
4GEODE CAPITAL MANAGEMENT, LLC 2.08%
5ENDEAVOUR CAPITAL ADVISORS INC 2.08%
6Fidelity 1.85%
7State Street 1.61%
8GENDELL JEFFREY L 1.58%
9Charles Schwab 1.48%
10Columbia Threadneedle 1.31%

Reported ALERUS FINANCIAL CORP. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

ALERUS FINANCIAL CORP. beneficial owners on record for the 2024-2025 proxy season
Holder % outstanding Disclosure
BlackRock 7.23% 13F
Vanguard Group 4.71% 13F
Alerus Financial Corp Employee Stock Ownership Plan 4.09% 13G
Dimensional Fund Advisors 2.70% 13F
Geode Capital 2.12% 13F
State Street 1.59% 13F
Wellington Management 1.29% 13F
Northern Trust 0.77% 13F
Charles Schwab 0.73% 13F
Renaissance Technologies 0.50% 13F

Percentages above are of 25,365,662 shares outstanding, as reported by ALERUS FINANCIAL CORP. on its Form 10-Q dated 2025-05-02 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from ALERUS FINANCIAL CORP.’s 10-Q dated 2025-05-02. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At ALERUS FINANCIAL CORP.'s 2 shareholder meetings in the 2024-2025 proxy season (held 2024-09-12 and 2025-05-08), 152 asset managers reported how they voted in their SEC Form N-PX filings, covering 2,500 separate fund positions. Their filings are grouped here into 17 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item of the season, voted at the meeting held 2025-05-08 — Approve, on a non-binding advisory basis, the compensation paid to our named executive officers. — FOR was 93% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: ALERUS FINANCIAL CORP.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2025-05-12.

ALERUS FINANCIAL CORP. proxy season coverage: 2024-2025 (this page) · 2025-2026.