Welcome to our dedicated page for Allete SEC filings (Ticker: ALE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
ALLETE, Inc.'s SEC filings document the company's transition from a NYSE-listed Minnesota energy issuer to a wholly owned subsidiary following a completed merger. The record includes Form 8-K disclosures for the merger closing and conversion of common stock into cash consideration, Form 25 removal of the common stock from NYSE listing and registration, and Form 15 notice covering termination of registration or suspension of Exchange Act reporting duties.
Earlier filings also cover capital-structure and material-event disclosures for the energy business, including private placements of first mortgage bonds intended to fund utility capital expenditures, operating and financial results, governance matters, material agreements, and risk-related disclosures tied to regulated utility and clean energy operations.
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 (ALE) reported softer Q3 2025 results. Total operating revenue was $375.0 million, down from $407.2 million a year ago, as non-utility sales declined. Operating income fell to $29.6 million from $45.3 million. Net income attributable to ALLETE was $27.1 million with diluted EPS of $0.46, versus $0.78 in Q3 2024. For the nine months, revenue was $1,135.5 million (vs. $1,165.0 million) and diluted EPS was $1.98 (vs. $2.23).
Liquidity and leverage shifted as the company funded large capital needs. Cash and cash equivalents were $78.7 million at September 30, 2025. Total debt was $2,247.5 million (vs. $1,808.0 million at year-end 2024) after issuing $150 million of senior unsecured notes and $250 million of first mortgage bonds to refinance debt and fund utility capital expenditures. Operating cash flow was $253.0 million for the nine months (vs. $367.3 million), while additions to property, plant and equipment reached $540.3 million. Shares outstanding were 58,098,399 as of September 30, 2025. Subsequent to quarter-end, the MPUC voted in favor of approval of the Merger, with a written order expected.
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.
ALLETE, Inc. filed a specialized disclosure report on Form SD focused on its status as a resource extraction issuer. The company states that the conflict minerals disclosure items are not applicable, so no conflict minerals report or exhibit is provided.
The filing instead centers on disclosure of payments by a resource extraction issuer, which are presented in Exhibit 2.01 for the fiscal year ended December 31, 2024. This exhibit is incorporated as part of the report and contains the detailed payment information required under Rule 13q-1 of the Securities Exchange Act.