---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-001158"
form_type: "8-K"
ticker: "CLFD"
cik: "0000796505"
company_name: "Clearfield, Inc."
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T01:04:14.780388+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-001158
- form_type: 8-K
- ticker: CLFD
- cik: 0000796505
- company_name: Clearfield, Inc.
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/796505/000117184323001158/0001171843-23-001158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796505/000117184323001158/f8k_022423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-001158
- JSON: https://secwatch.observer/filing/0001171843-23-001158.json
- Plain text: https://secwatch.observer/filing/0001171843-23-001158.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.