Clearfield approves FY2023 executive salary increases up to 36.9% and raises director compensation

Clearfield, Inc.

CEO Cheryl Beranek and COO John Hill base salaries raised to $425,000 each (13.5% increase); CFO Daniel Herzog to $340,000 (+36.9%).
Non-employee director annual restricted stock award increased to $60,000; cash retainer raised to $40,000.
Committee chairs and Chairman get additional $10,000 annual cash retainer (10% of board comp).
Compensation changes effective Oct 10, 2022; based on Compensia recommendations.

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