Clearfield amends Compensation Recoupment Policy to comply with SEC/Nasdaq clawback rules

Clearfield, Inc.

Mandatory recoupment of erroneously awarded incentive-based compensation from executive officers upon an accounting restatement.
Discretionary recoupment from senior officers for errors in performance calculation or detrimental conduct.
Applies to all incentive-based compensation received on or after October 1, 2021.
Policy administered by Board or Compensation Committee; no indemnification for clawed-back amounts.

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