secwatch.observer — SEC 8-K summary
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Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K
Filed at:   2022-12-27T23:59:59+00:00
Accession:  0001171843-22-008212
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184322008212/0001171843-22-008212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184322008212/f8k_122722.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-008212

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer