secwatch.observer — SEC 8-K summary
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Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001171843-24-001935
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearfield enters 7-year lease for ~318K sq ft Tijuana manufacturing facility
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- Lease dated April 4, 2024, effective April 1, 2024; Clearfield is joint and several obligor for tenant Prisma Shelter.
- Base monthly rent $168,786.19 (2% annual increase) plus additional $13,238.13/month for maintenance, taxes, insurance.
- Facility previously used by a third-party maquiladora; Clearfield changing to new maquiladora Prisma Shelter.
- Term 7 years (5 mandatory) with two 5-year renewal options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184324001935/0001171843-24-001935-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184324001935/f8k_040924.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-001935

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