secwatch.observer — SEC 8-K summary
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Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K
Filed at:   2026-10-20T16:00:14+00:00
Accession:  0001171843-26-006713
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184326006713/0001171843-26-006713-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184326006713/f8k_102026.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-006713

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