Every 8-K that ALLETE, Inc. (ALE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow ALE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALE filings page.
ALLETE, Inc. has completed a merger under its Agreement and Plan of Merger with Alloy Parent LLC, in which Alloy Merger Sub LLC merged with and into ALLETE. As a result, ALLETE continues as the surviving corporation and is now a wholly owned subsidiary of Alloy Parent LLC. Each share of common stock outstanding immediately before the effective time was cancelled and converted into the right to receive $67.00 in cash, so prior shareholders now hold cash and related rights instead of ALLETE shares.
Equity awards, including time-based restricted stock units, deferred stock units and performance share awards, were cancelled at closing and converted into cash-based rights tied to the $67 merger consideration, generally preserving the original vesting or performance schedules. Purchase rights under the Employee Stock Purchase Plan were exercised into shares before closing and the plan was terminated.
Trading in ALLETE common stock on the NYSE was suspended before the opening on the closing date, the company asked the NYSE to delist the shares via Form 25, and it plans to file Form 15 to terminate registration and suspend periodic SEC reporting. The board also declared, subject to the consummation of the Merger, a stub period dividend equal to $0.008 per share multiplied by the days from August 16, 2025 through the closing date, payable on the fifth Business Day after closing to holders who receive the merger cash.
ALLETE, Inc. (ALE) reported that Minnesota regulators have issued a final written order approving its pending acquisition. The Minnesota Public Utilities Commission granted final approval of the merger between ALLETE and Alloy Parent LLC, clearing a key remaining regulatory step.
The company now expects the merger to close on or about December 15, 2025, subject to satisfaction or waiver of remaining conditions under the merger agreement. After the closing, ALLETE’s common stock will no longer be listed for trading on the New York Stock Exchange, reflecting its transition to a privately held subsidiary of Alloy Parent LLC.
The board previously set October 16, 2025 as the record date for a “Stub Period Dividend” for holders who remain shareholders through closing. The company expects to declare this dividend in an amount equal to $0.008 per share of common stock, multiplied by the number of days from August 16, 2025 through the closing date, and payable to shareholders who also receive the merger consideration.
ALLETE, Inc. disclosed a potential "stub period" dividend tied to its pending merger with Alloy Parent LLC. Under the merger agreement dated May 5, 2024, a dividend may be calculated pro rata based on the number of days from the record date for the last quarterly dividend and a 91-day divisor used to compute a daily dividend rate. On October 5, 2025 the Board set the record date at October 16, 2025 for shareholders who would be eligible if the Board later declares the Stub Period Dividend. The Board has not yet declared an amount or payment date; payment would require Closing of the merger and regulatory approval from the Minnesota Public Utilities Commission. Holders must retain shares through Closing to receive any payment, and there is no assurance the Board will declare the dividend.
ALLETE, Inc. disclosed that on October 3, 2025 the Minnesota Public Utilities Commission (MPUC) held a public hearing and voted in favor of approval of the Merger described in the company’s Agreement and Plan of Merger dated May 5, 2024. Under that agreement, Alloy Merger Sub LLC will merge into ALLETE, with ALLETE continuing as the surviving corporation and becoming a subsidiary of Alloy Parent LLC. The company said a written MPUC order is expected to follow, and that the Merger’s closing remains subject to customary closing conditions, including receipt of that written order. The press release announcing the MPUC vote is furnished as Exhibit 99.1.