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AI brief of an SEC Form 8-K · Clearfield, Inc. (CLFD)

Clearfield CEO Beranek to retire March 31, 2027; board starts CEO search

Neutral Impact 4 of 5 leadership Written later

Clearfield, Inc. said President and CEO Cheri Beranek will retire on March 31, 2027, under a transition agreement dated October 15, 2026. She stays in the CEO role until the earlier of that date or the appointment of a successor, then serves as a non-executive emeritus officer. The company also said fiscal 2026 fourth-quarter and full-year results are expected to be in line with its August 5, 2026 guidance.

Key points

  • Retirement effective March 31, 2027; the board will search for a new CEO with a nationally recognized search firm
  • Base salary of $483,000 and benefits unchanged during the transition; no future equity awards
  • 2027 incentive bonus opportunity set at 100% of base salary and not prorated
  • Fiscal 2026 Q4 and full-year results expected in line with August 5, 2026 guidance; report due November 10, 2026

The filing

CompanyClearfield, Inc. (CLFD)
Form8-K, current report
Filed with the SECOct 20, 2026, 12:00 PM ET
Accession number0001171843-26-006713

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 20, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.