secwatch.observer — SEC 8-K summary
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Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001171843-23-000454
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearfield adopts 2022 Stock Compensation Plan, amends option surrender provision
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- Plan reserves 600,000 shares plus any remaining or forfeited shares from prior 2007 plan.
- Amendment clarifies stock options may not be surrendered for cash without shareholder approval.
- Plan subject to shareholder approval at 2023 annual meeting; no further awards under 2007 plan.
- Annual limit on non-employee director awards set at $500,000 value.
- Plan includes standard terms for options, SARs, restricted stock, and performance awards.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184323000454/0001171843-23-000454-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184323000454/f8k_012423.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-000454

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