Clearfield amends bylaws to add proxy access, universal proxy provisions, and exclusive forum

Clearfield, Inc.

Shareholders owning 3%+ of stock for 3+ years can nominate up to 2 directors or 20% of board (whichever greater) via proxy access.
New requirement for shareholder nominees to complete company questionnaire if requested.
Shareholders soliciting proxies for director nominees must certify compliance with SEC universal proxy rules; white proxy card reserved for board.
Bylaws mandate exclusive forum in Minnesota state courts for internal corporate claims and in federal district courts for Securities Act claims.
Amendments effective immediately upon Board adoption on December 10, 2025.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Clearfield, Inc.: Amended bylaws to implement proxy access, update for universal proxy rules and Minnesota exclusive forum, and make other changes (effective 2025-12-10).

Change: bylaw amendment
Effective: 2025-12-10

Exact text from the filing

On December 10, 2025, upon recommendation of the Nominating and Corporate Governance Committee, the Board of Directors (the “Board”) of Clearfield, Inc. (the “Company”) approved and adopted amendments to the Company’s Amended and Restated Bylaws (the “Bylaws”), effective immediately, to implement proxy access, make changes in connection with the Securities and Exchange Commission rules regarding universal proxy cards (the “Universal Proxy Rules”), make changes in connection with the Minnesota Business Corporation Act exclusive forum provision, and to make certain other changes.

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Source: SEC EDGAR

accession 0001171843-25-007921

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