Home › Companies › Alerus Financial Corporation › 2025-2026
Compiled from SEC Form N-PX filings and Alerus Financial Corporation’s Form 8-K, filed May 15, 2026 (Item 5.07 on EDGAR). Page generated October 18, 2026.
Meeting of May 14, 2026: 11 items on Alerus Financial Corporation’s Form 8-K, filed May 15, 2026: 11 without a stated outcome.
Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided
Proxy season: 2024-2025 2025-2026
Explore Alerus Financial Corporation in the interactive database Compare manager voting policies
These tallies are Alerus Financial Corporation’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 15, 2026 (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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Daniel E. Coughlin | 12,742,063 | -- | -- | 1,433,986 | 6,478,308 | 90% | Not verified | — |
| Elect Director: Randy L. Newman | 10,813,971 | -- | -- | 3,362,078 | 6,478,308 | 76% | Not verified | — |
| Elect Director: Galen G. Vetter | 12,876,320 | -- | -- | 1,299,729 | 6,478,308 | 91% | Not verified | — |
| Elect Director: Katie A. Lorenson | 12,952,431 | -- | -- | 1,223,618 | 6,478,308 | 91% | Not verified | — |
| Elect Director: Janet O. Estep | 12,299,613 | -- | -- | 1,876,436 | 6,478,308 | 87% | Not verified | — |
| Elect Director: Mary E. Zimmer | 12,936,989 | -- | -- | 1,239,060 | 6,478,308 | 91% | Not verified | — |
| Elect Director: Nikki L. Sorum | 13,065,204 | -- | -- | 1,110,845 | 6,478,308 | 92% | Not verified | — |
| Elect Director: John Uribe | 12,897,761 | -- | -- | 1,278,288 | 6,478,308 | 91% | Not verified | — |
| Elect Director: Jeffrey W. Bolton | 13,109,347 | -- | -- | 1,066,702 | 6,478,308 | 92% | Not verified | — |
| 2. For the approval, on a non-binding advisory basis, of the 2025 compensation paid to the Company's named executive officers | 13,525,678 | 462,923 | 187,447 | -- | 6,478,309 | 97% | Not verified | — |
| 3. The ratification of the appointment of RSM US LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026 | 20,405,133 | 244,190 | 3,648 | -- | 1,386 | 99% | Not verified | — |
Source: Alerus Financial Corporation, Form 8-K, filed with the SEC on May 15, 2026 — read the filing on EDGAR.
Each item below shows how the 171 asset managers that disclosed a Alerus Financial Corporation 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.
Combines 6 wordings of this item as funds reported it.
90% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Daniel E. Coughlin
Alerus Financial Corporation’s own tally for this item (“Elect Director: Daniel E. Coughlin”): 12,742,063 for, 1,433,986 withheld, per its Form 8-K filed May 15, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 90% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 55 asset managers below reported 4,289,775 for, 258,146 withheld, 80,653 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,118,407 | 0 | 3 | 879 | For |
| BlackRock | 843,540 | 0 | 0 | 0 | For |
| Fidelity | 518,373 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 342,721 | 0 | 0 | 0 | For |
| American Century | 310,551 | 0 | 0 | 0 | For |
| Keeley Funds, Inc. | 269,474 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 227,859 | Withhold |
| Charles Schwab | 201,269 | 0 | 0 | 0 | For |
| Federated Hermes | 94,130 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 80,211 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 0 | 69,188 | 0 | Abstain |
| WisdomTree | 59,496 | 0 | 0 | 0 | For |
| SEI | 53,215 | 0 | 0 | 0 | For |
| Equitable | 49,214 | 0 | 0 | 0 | For |
| TIAA | 39,015 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 38,267 | 0 | 0 | 0 | For |
| Principal Exchange-Traded Funds | 28,625 | 0 | 0 | 0 | For |
| JPMorgan | 26,464 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 22,075 | 0 | 0 | 0 | For |
| Goldman Sachs | 0 | 0 | 0 | 19,197 | Withhold |
| Lincoln Financial | 17,578 | 0 | 0 | 489 | For |
| Pacific Life | 16,891 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 16,209 | 0 | 0 | 0 | For |
| Invesco | 16,127 | 0 | 0 | 0 | For |
| CALDWELL & ORKIN FUNDS INC | 15,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 55 asset managers. See all 55 in the interactive database.
Combines 6 wordings of this item as funds reported it.
91% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Galen G. Vetter
Alerus Financial Corporation’s own tally for this item (“Elect Director: Galen G. Vetter”): 12,876,320 for, 1,299,729 withheld, per its Form 8-K filed May 15, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 91% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 55 asset managers below reported 4,381,614 for, 236,106 withheld, 10,854 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,119,286 | 0 | 3 | 0 | For |
| BlackRock | 843,540 | 0 | 0 | 0 | For |
| Fidelity | 518,373 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 342,721 | 0 | 0 | 0 | For |
| American Century | 310,551 | 0 | 0 | 0 | For |
| Keeley Funds, Inc. | 269,474 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 227,859 | Withhold |
| Charles Schwab | 201,269 | 0 | 0 | 0 | For |
| Federated Hermes | 94,130 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 80,211 | 0 | 0 | 0 | For |
| EA Series Trust | 69,188 | 0 | 0 | 0 | For |
| WisdomTree | 59,496 | 0 | 0 | 0 | For |
| SEI | 53,215 | 0 | 0 | 0 | For |
| Equitable | 49,214 | 0 | 0 | 0 | For |
| TIAA | 39,015 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 38,267 | 0 | 0 | 0 | For |
| Principal Exchange-Traded Funds | 28,625 | 0 | 0 | 0 | For |
| JPMorgan | 26,464 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 22,075 | 0 | 0 | 0 | For |
| Goldman Sachs | 19,197 | 0 | 0 | 0 | For |
| Lincoln Financial | 17,578 | 0 | 0 | 489 | For |
| Pacific Life | 16,891 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 16,209 | 0 | 0 | 0 | For |
| Invesco | 16,127 | 0 | 0 | 0 | For |
| CALDWELL & ORKIN FUNDS INC | 15,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 55 asset managers. See all 55 in the interactive database.
Combines 6 wordings of this item as funds reported it.
87% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Janet O. Estep
Alerus Financial Corporation’s own tally for this item (“Elect Director: Janet O. Estep”): 12,299,613 for, 1,876,436 withheld, per its Form 8-K filed May 15, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 87% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 55 asset managers below reported 4,023,340 for, 525,188 withheld, 80,046 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,118,405 | 0 | 5 | 879 | For |
| BlackRock | 843,540 | 0 | 0 | 0 | For |
| Fidelity | 518,373 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 342,721 | 0 | 0 | 0 | For |
| American Century | 310,551 | 0 | 0 | 0 | For |
| Keeley Funds, Inc. | 269,474 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 227,859 | Withhold |
| Charles Schwab | 0 | 0 | 0 | 201,269 | Withhold |
| Federated Hermes | 94,130 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 80,211 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 0 | 69,188 | 0 | Abstain |
| WisdomTree | 59,496 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 53,215 | Withhold |
| Equitable | 49,214 | 0 | 0 | 0 | For |
| TIAA | 39,015 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 38,267 | 0 | 0 | 0 | For |
| Principal Exchange-Traded Funds | 28,625 | 0 | 0 | 0 | For |
| JPMorgan | 26,464 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 22,075 | 0 | 0 | 0 | For |
| Goldman Sachs | 0 | 0 | 0 | 19,197 | Withhold |
| Lincoln Financial | 17,578 | 0 | 0 | 489 | For |
| Pacific Life | 16,891 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 16,209 | 0 | 0 | 0 | For |
| Invesco | 16,127 | 0 | 0 | 0 | For |
| CALDWELL & ORKIN FUNDS INC | 15,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 55 asset managers. See all 55 in the interactive database.
Combines 6 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Jeffrey W. Bolton
Alerus Financial Corporation’s own tally for this item (“Elect Director: Jeffrey W. Bolton”): 13,109,347 for, 1,066,702 withheld, per its Form 8-K filed May 15, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 92% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 55 asset managers below reported 4,385,675 for, 235,994 withheld, 6,905 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,119,287 | 0 | 2 | 0 | For |
| BlackRock | 843,540 | 0 | 0 | 0 | For |
| Fidelity | 518,373 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 342,721 | 0 | 0 | 0 | For |
| American Century | 310,551 | 0 | 0 | 0 | For |
| Keeley Funds, Inc. | 269,474 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 227,859 | Withhold |
| Charles Schwab | 201,269 | 0 | 0 | 0 | For |
| Federated Hermes | 94,130 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 80,211 | 0 | 0 | 0 | For |
| EA Series Trust | 69,188 | 0 | 0 | 0 | For |
| WisdomTree | 59,496 | 0 | 0 | 0 | For |
| SEI | 53,215 | 0 | 0 | 0 | For |
| Equitable | 49,214 | 0 | 0 | 0 | For |
| TIAA | 39,015 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 38,267 | 0 | 0 | 0 | For |
| Principal Exchange-Traded Funds | 28,625 | 0 | 0 | 0 | For |
| JPMorgan | 26,464 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 22,075 | 0 | 0 | 0 | For |
| Goldman Sachs | 19,197 | 0 | 0 | 0 | For |
| Lincoln Financial | 17,578 | 0 | 0 | 489 | For |
| Pacific Life | 16,891 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 16,209 | 0 | 0 | 0 | For |
| Invesco | 16,127 | 0 | 0 | 0 | For |
| CALDWELL & ORKIN FUNDS INC | 15,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 55 asset managers. See all 55 in the interactive database.
Combines 6 wordings of this item as funds reported it.
91% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: John Uribe
Alerus Financial Corporation’s own tally for this item (“Elect Director: John Uribe”): 12,897,761 for, 1,278,288 withheld, per its Form 8-K filed May 15, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 91% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 55 asset managers below reported 4,114,236 for, 507,432 withheld, 6,906 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,119,286 | 0 | 3 | 0 | For |
| BlackRock | 843,540 | 0 | 0 | 0 | For |
| Fidelity | 518,373 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 342,721 | 0 | 0 | 0 | For |
| American Century | 310,551 | 0 | 0 | 0 | For |
| Keeley Funds, Inc. | 0 | 0 | 0 | 269,474 | Withhold |
| Dimensional | 0 | 0 | 0 | 227,859 | Withhold |
| Charles Schwab | 201,269 | 0 | 0 | 0 | For |
| Federated Hermes | 94,130 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 80,211 | 0 | 0 | 0 | For |
| EA Series Trust | 69,188 | 0 | 0 | 0 | For |
| WisdomTree | 59,496 | 0 | 0 | 0 | For |
| SEI | 53,215 | 0 | 0 | 0 | For |
| Equitable | 49,214 | 0 | 0 | 0 | For |
| TIAA | 39,015 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 38,267 | 0 | 0 | 0 | For |
| Principal Exchange-Traded Funds | 28,625 | 0 | 0 | 0 | For |
| JPMorgan | 26,464 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 22,075 | 0 | 0 | 0 | For |
| Goldman Sachs | 19,197 | 0 | 0 | 0 | For |
| Lincoln Financial | 17,578 | 0 | 0 | 489 | For |
| Pacific Life | 16,891 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 16,209 | 0 | 0 | 0 | For |
| Invesco | 16,127 | 0 | 0 | 0 | For |
| CALDWELL & ORKIN FUNDS INC | 15,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 55 asset managers. See all 55 in the interactive database.
Combines 6 wordings of this item as funds reported it.
91% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Katie A. Lorenson
Alerus Financial Corporation’s own tally for this item (“Elect Director: Katie A. Lorenson”): 12,952,431 for, 1,223,618 withheld, per its Form 8-K filed May 15, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 91% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 55 asset managers below reported 4,385,674 for, 235,994 withheld, 6,906 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,119,286 | 0 | 3 | 0 | For |
| BlackRock | 843,540 | 0 | 0 | 0 | For |
| Fidelity | 518,373 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 342,721 | 0 | 0 | 0 | For |
| American Century | 310,551 | 0 | 0 | 0 | For |
| Keeley Funds, Inc. | 269,474 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 227,859 | Withhold |
| Charles Schwab | 201,269 | 0 | 0 | 0 | For |
| Federated Hermes | 94,130 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 80,211 | 0 | 0 | 0 | For |
| EA Series Trust | 69,188 | 0 | 0 | 0 | For |
| WisdomTree | 59,496 | 0 | 0 | 0 | For |
| SEI | 53,215 | 0 | 0 | 0 | For |
| Equitable | 49,214 | 0 | 0 | 0 | For |
| TIAA | 39,015 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 38,267 | 0 | 0 | 0 | For |
| Principal Exchange-Traded Funds | 28,625 | 0 | 0 | 0 | For |
| JPMorgan | 26,464 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 22,075 | 0 | 0 | 0 | For |
| Goldman Sachs | 19,197 | 0 | 0 | 0 | For |
| Lincoln Financial | 17,578 | 0 | 0 | 489 | For |
| Pacific Life | 16,891 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 16,209 | 0 | 0 | 0 | For |
| Invesco | 16,127 | 0 | 0 | 0 | For |
| CALDWELL & ORKIN FUNDS INC | 15,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 55 asset managers. See all 55 in the interactive database.
Combines 6 wordings of this item as funds reported it.
91% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Mary E. Zimmer
Alerus Financial Corporation’s own tally for this item (“Elect Director: Mary E. Zimmer”): 12,936,989 for, 1,239,060 withheld, per its Form 8-K filed May 15, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 91% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 55 asset managers below reported 4,363,902 for, 257,155 withheld, 7,517 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,119,286 | 0 | 3 | 0 | For |
| BlackRock | 843,540 | 0 | 0 | 0 | For |
| Fidelity | 518,373 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 342,721 | 0 | 0 | 0 | For |
| American Century | 310,551 | 0 | 0 | 0 | For |
| Keeley Funds, Inc. | 269,474 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 227,859 | Withhold |
| Charles Schwab | 201,269 | 0 | 0 | 0 | For |
| Federated Hermes | 94,130 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 80,211 | 0 | 0 | 0 | For |
| EA Series Trust | 69,188 | 0 | 0 | 0 | For |
| WisdomTree | 59,496 | 0 | 0 | 0 | For |
| SEI | 53,215 | 0 | 0 | 0 | For |
| Equitable | 49,214 | 0 | 0 | 0 | For |
| TIAA | 39,015 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 38,267 | 0 | 0 | 0 | For |
| Principal Exchange-Traded Funds | 28,625 | 0 | 0 | 0 | For |
| JPMorgan | 26,464 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 22,075 | 0 | 0 | 0 | For |
| Goldman Sachs | 0 | 0 | 0 | 19,197 | Withhold |
| Lincoln Financial | 17,578 | 0 | 0 | 489 | For |
| Pacific Life | 16,891 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 16,209 | 0 | 0 | 0 | For |
| Invesco | 16,127 | 0 | 0 | 0 | For |
| CALDWELL & ORKIN FUNDS INC | 15,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 55 asset managers. See all 55 in the interactive database.
Combines 6 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Nikki L. Sorum
Alerus Financial Corporation’s own tally for this item (“Elect Director: Nikki L. Sorum”): 13,065,204 for, 1,110,845 withheld, per its Form 8-K filed May 15, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 92% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 55 asset managers below reported 4,385,675 for, 235,994 withheld, 6,905 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,119,287 | 0 | 2 | 0 | For |
| BlackRock | 843,540 | 0 | 0 | 0 | For |
| Fidelity | 518,373 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 342,721 | 0 | 0 | 0 | For |
| American Century | 310,551 | 0 | 0 | 0 | For |
| Keeley Funds, Inc. | 269,474 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 227,859 | Withhold |
| Charles Schwab | 201,269 | 0 | 0 | 0 | For |
| Federated Hermes | 94,130 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 80,211 | 0 | 0 | 0 | For |
| EA Series Trust | 69,188 | 0 | 0 | 0 | For |
| WisdomTree | 59,496 | 0 | 0 | 0 | For |
| SEI | 53,215 | 0 | 0 | 0 | For |
| Equitable | 49,214 | 0 | 0 | 0 | For |
| TIAA | 39,015 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 38,267 | 0 | 0 | 0 | For |
| Principal Exchange-Traded Funds | 28,625 | 0 | 0 | 0 | For |
| JPMorgan | 26,464 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 22,075 | 0 | 0 | 0 | For |
| Goldman Sachs | 19,197 | 0 | 0 | 0 | For |
| Lincoln Financial | 17,578 | 0 | 0 | 489 | For |
| Pacific Life | 16,891 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 16,209 | 0 | 0 | 0 | For |
| Invesco | 16,127 | 0 | 0 | 0 | For |
| CALDWELL & ORKIN FUNDS INC | 15,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 55 asset managers. See all 55 in the interactive database.
Combines 6 wordings of this item as funds reported it.
76% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Randy L. Newman
Alerus Financial Corporation’s own tally for this item (“Elect Director: Randy L. Newman”): 10,813,971 for, 3,362,078 withheld, per its Form 8-K filed May 15, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 76% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 55 asset managers below reported 3,901,567 for, 621,197 withheld, 105,810 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,118,400 | 0 | 10 | 879 | For |
| BlackRock | 843,540 | 0 | 0 | 0 | For |
| Fidelity | 518,373 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 342,721 | 0 | 0 | 0 | For |
| American Century | 310,551 | 0 | 0 | 0 | For |
| Keeley Funds, Inc. | 269,474 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 227,859 | Withhold |
| Charles Schwab | 0 | 0 | 0 | 201,269 | Withhold |
| Federated Hermes | 94,130 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 80,211 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 0 | 69,188 | 0 | Abstain |
| WisdomTree | 59,496 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 53,215 | Withhold |
| Equitable | 49,214 | 0 | 0 | 0 | For |
| TIAA | 39,015 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 38,267 | 0 | 0 | 0 | For |
| Principal Exchange-Traded Funds | 0 | 0 | 0 | 28,625 | Withhold |
| JPMorgan | 26,464 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 22,075 | 0 | 0 | 0 | For |
| Goldman Sachs | 0 | 0 | 0 | 19,197 | Withhold |
| Lincoln Financial | 17,578 | 0 | 0 | 489 | For |
| Pacific Life | 16,891 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 0 | 0 | 0 | 16,209 | Withhold |
| Invesco | 0 | 0 | 0 | 16,127 | Withhold |
| CALDWELL & ORKIN FUNDS INC | 15,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 55 asset managers. See all 55 in the interactive database.
Combines 5 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: Approve, on a non-binding advisory basis, the compensation paid to our named executive officers.
Alerus Financial Corporation’s own tally for this item (“2. For the approval, on a non-binding advisory basis, of the 2025 compensation paid to the Company's named executive officers”): 13,525,678 for, 462,923 against, per its Form 8-K filed May 15, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,119,288 | 1 | 0 | 0 | For |
| BlackRock | 843,540 | 0 | 0 | 0 | For |
| Fidelity | 518,373 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 342,721 | 0 | 0 | 0 | For |
| American Century | 310,551 | 0 | 0 | 0 | For |
| Keeley Funds, Inc. | 269,474 | 0 | 0 | 0 | For |
| Dimensional | 227,859 | 0 | 0 | 0 | For |
| Charles Schwab | 201,269 | 0 | 0 | 0 | For |
| Federated Hermes | 94,130 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 80,211 | 0 | 0 | 0 | For |
| EA Series Trust | 69,188 | 0 | 0 | 0 | For |
| WisdomTree | 59,496 | 0 | 0 | 0 | For |
| SEI | 53,215 | 0 | 0 | 0 | For |
| Equitable | 49,214 | 0 | 0 | 0 | For |
| TIAA | 39,015 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 38,267 | 0 | 0 | 0 | For |
| Principal Exchange-Traded Funds | 28,625 | 0 | 0 | 0 | For |
| JPMorgan | 26,464 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 22,075 | 0 | 0 | 0 | For |
| Goldman Sachs | 19,197 | 0 | 0 | 0 | For |
| Lincoln Financial | 18,067 | 0 | 0 | 0 | For |
| Pacific Life | 16,891 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 16,209 | 0 | 0 | 0 | For |
| Invesco | 16,127 | 0 | 0 | 0 | For |
| CALDWELL & ORKIN FUNDS INC | 15,100 | 0 | 0 | 0 | For |
Fund voting reports, all 56 managers: 4,632,283 for, 1,965 against. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| GEODE CAPITAL MANAGEMENT, LLC | 606,460 | 0 | 0 | 0 | For |
| BlackRock | 492,724 | 0 | 0 | 0 | For |
| ENDEAVOUR CAPITAL ADVISORS INC | 451,319 | 0 | 0 | 0 | For |
| M3F, Inc. | 411,163 | 0 | 0 | 0 | For |
| Stieven Capital Advisors, L.P. | 338,924 | 0 | 0 | 0 | For |
| BANC FUNDS CO LLC | 332,165 | 0 | 0 | 0 | For |
| American Century | 318,890 | 0 | 0 | 0 | For |
| AllianceBernstein | 242,581 | 0 | 0 | 0 | For |
| Charles Schwab | 201,304 | 0 | 0 | 0 | For |
| AQR | 190,938 | 0 | 0 | 0 | For |
| Vanguard | 173,041 | 0 | 0 | 0 | For |
| Northern Trust | 154,918 | 0 | 0 | 0 | For |
| Wellington | 152,258 | 0 | 0 | 0 | For |
| Dimensional | 107,783 | 0 | 0 | 0 | For |
| Federated Hermes | 96,274 | 0 | 0 | 0 | For |
| ACADIAN ASSET MANAGEMENT LLC | 84,590 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 76,487 | 0 | 0 | 0 | For |
| CSM Advisors, LLC | 64,130 | 0 | 0 | 0 | For |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 58,498 | 0 | 0 | 0 | For |
| CWM, LLC | 58,010 | 0 | 0 | 0 | For |
| SEI | 53,571 | 0 | 0 | 0 | For |
| NEW YORK STATE COMMON RETIREMENT FUND | 52,214 | 0 | 0 | 0 | For |
| Wealth Forward, LLC | 50,279 | 0 | 0 | 0 | For |
| AMERIPRISE FINANCIAL INC | 41,219 | 0 | 0 | 0 | For |
| Nuveen | 39,396 | 0 | 0 | 0 | For |
Institutional-manager reports, all 131 managers: 5,361,095 for, 10,602 against. Showing the 25 largest; see all in the interactive database.
Combines 3 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
Description as filed by funds: Ratification of the appointment of RSM US LLP as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2026.
Alerus Financial Corporation’s own tally for this item (“3. The ratification of the appointment of RSM US LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026”): 20,405,133 for, 244,190 against, per its Form 8-K filed May 15, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 57 asset managers below reported 4,634,248 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,119,289 | 0 | 0 | 0 | For |
| BlackRock | 843,540 | 0 | 0 | 0 | For |
| Fidelity | 518,373 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 342,721 | 0 | 0 | 0 | For |
| American Century | 310,551 | 0 | 0 | 0 | For |
| Keeley Funds, Inc. | 269,474 | 0 | 0 | 0 | For |
| Dimensional | 227,859 | 0 | 0 | 0 | For |
| Charles Schwab | 201,269 | 0 | 0 | 0 | For |
| Federated Hermes | 94,130 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 80,211 | 0 | 0 | 0 | For |
| EA Series Trust | 69,188 | 0 | 0 | 0 | For |
| WisdomTree | 59,496 | 0 | 0 | 0 | For |
| SEI | 53,215 | 0 | 0 | 0 | For |
| Equitable | 49,214 | 0 | 0 | 0 | For |
| TIAA | 39,015 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 38,267 | 0 | 0 | 0 | For |
| Principal Exchange-Traded Funds | 28,625 | 0 | 0 | 0 | For |
| JPMorgan | 26,464 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 22,075 | 0 | 0 | 0 | For |
| Goldman Sachs | 19,197 | 0 | 0 | 0 | For |
| Lincoln Financial | 18,067 | 0 | 0 | 0 | For |
| Pacific Life | 16,891 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 16,209 | 0 | 0 | 0 | For |
| Invesco | 16,127 | 0 | 0 | 0 | For |
| CALDWELL & ORKIN FUNDS INC | 15,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 57 asset managers. See all 57 in the interactive database.
Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 25,128,646 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 4.45% |
| 2 | BlackRock | 3.36% |
| 3 | Fidelity | 2.06% |
| 4 | Columbia Threadneedle | 1.36% |
| 5 | American Century | 1.24% |
| 6 | Keeley Funds, Inc. | 1.07% |
| 7 | Dimensional | 0.91% |
| 8 | Charles Schwab | 0.80% |
| 9 | Federated Hermes | 0.37% |
| 10 | TRUST FOR PROFESSIONAL MANAGERS | 0.32% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | GEODE CAPITAL MANAGEMENT, LLC | 2.41% |
| 2 | BlackRock | 1.96% |
| 3 | ENDEAVOUR CAPITAL ADVISORS INC | 1.80% |
| 4 | M3F, Inc. | 1.64% |
| 5 | Stieven Capital Advisors, L.P. | 1.35% |
| 6 | BANC FUNDS CO LLC | 1.32% |
| 7 | American Century | 1.27% |
| 8 | AllianceBernstein | 0.97% |
| 9 | Charles Schwab | 0.80% |
| 10 | AQR | 0.76% |
As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.
| Holder | % outstanding | Disclosure |
|---|---|---|
| BlackRock | 7.01% | 13F |
| Vanguard Group | 5.13% | 13F |
| Dimensional Fund Advisors | 3.53% | 13F |
| Geode Capital | 2.46% | 13F |
| State Street | 1.96% | 13F |
| Goldman Sachs | 1.46% | 13F |
| Morgan Stanley | 1.21% | 13F |
| AQR Capital | 1.07% | 13F |
| Wellington Management | 0.96% | 13F |
| Charles Schwab | 0.82% | 13F |
Percentages above are of 25,128,646 shares outstanding, as reported by Alerus Financial Corporation on its Form 10-Q dated April 28, 2026 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from Alerus Financial Corporation’s 10-Q dated April 28, 2026. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.
At Alerus Financial Corporation's shareholder meeting held May 14, 2026, in the 2025-2026 proxy season, 171 asset managers reported how they voted on 11 ballot items in their SEC Form N-PX filings, covering 1,836 separate fund positions. On the most widely held item on that ballot — Approve, on a non-binding advisory basis, the compensation paid to our named executive officers. — FOR was 97% 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 Corporation's Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 15, 2026.
Alerus Financial Corporation proxy season coverage: 2024-2025 · 2025-2026 (this page).
Download data (CSV): ballot items · votes by manager · column guide.