Clearfield adopts 2023 bonus plan with net sales/EBITDA metrics; grants restricted stock at $100/share

Clearfield, Inc.

2023 Bonus Plan uses net sales (75% weight) and adjusted EBITDA (25% weight) for executive cash incentives.
CEO Beranek and COO Hill: min 60%, target 100%, max 200% of base salary; CFO Herzog: min 60%, target 75%, max 100%.
Restricted stock grants: Beranek and Hill 10,000 shares each, Herzog 5,000 shares, at $100/share reference price.
Grants contingent on shareholder approval of 2022 Stock Compensation Plan; grant date after 2023 annual meeting.
All bonus payments subject to clawback under Compensation Recoupment Policy adopted Sept 23, 2021.

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