Clearfield CEO Cheri Beranek to retire March 31, 2027; board begins successor search

Clearfield, Inc.

Beranek remains President and CEO until the earlier of a successor's appointment or March 31, 2027, then becomes President and CEO Emeritus in a non-executive, non-director role.
Transition agreement dated Oct. 15, 2026 keeps her base salary at $483,000 and benefits unchanged; no future equity awards; 2027 incentive bonus set at 100% of salary and not prorated.
March 31, 2027 departure will be treated as termination without Cause, subject to a general release, preserving severance benefits under her 2008 employment agreement.
Board Chair Catherine T. Kelly said the board will consider external and internal candidates and will use a nationally recognized search firm.
Clearfield expects fiscal 2026 fourth-quarter and full-year results in line with guidance given Aug. 5, 2026; results are due after market close on Nov. 10, 2026.

item 5.02 item 7.01 item 9.01

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Departed

Cheryl Beranek

President and Chief Executive Officer

CLFD · Clearfield, Inc.

Effective: 2027-03-31
Filed: October 20, 2026, 12:00 PM ET

On October 15, 2026, Clearfield, Inc. (the “Company”) and Cheryl Beranek, President and Chief Executive Officer of the Company, entered into a transition agreement (the “Transition Agreement”), to facilitate Ms. Beranek’s retirement on March 31, 2027 and the smooth transition to a successor President and Chief Executive Officer.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Cheryl Beranek departed as President and Chief Executive Officer at Clearfield, Inc..

Action: retirement
Role: President and Chief Executive Officer

Exact text from the filing

On October 15, 2026, Clearfield, Inc. (the “Company”) and Cheryl Beranek, President and Chief Executive Officer of the Company, entered into a transition agreement (the “Transition Agreement”), to facilitate Ms. Beranek’s retirement on March 31, 2027 and the smooth transition to a successor President and Chief Executive Officer.

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Source: SEC EDGAR

accession 0001171843-26-006713

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