secwatch.observer — SEC 8-K summary
======================================

Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001171843-23-007107
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Clearfield adopts FY 2024 bonus plan for CEO, COO, CFO with net sales and gross profit targets
--------------------------------------------------------------------------------

- CEO and COO target bonus at 60% of base salary, max 200%; CFO target 60%, max 100%.
- FY 2024 bonus based 75% on net sales and 25% on gross profit, consolidated GAAP.
- If target not met for a metric, no payout for that metric; proportional increase up to max.
- Bonus subject to clawback under Company's Compensation Recoupment Policy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184323007107/0001171843-23-007107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184323007107/f8k_111423.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-007107

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