Clearfield Appoints New Director to Board
Ticker: CLFD · Form: 8-K · Filed: Nov 26, 2024 · CIK: 796505
| Field | Detail |
|---|---|
| Company | Clearfield, Inc. (CLFD) |
| Form Type | 8-K |
| Filed Date | Nov 26, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-appointment, governance
Related Tickers: CLFD
TL;DR
Clearfield adds Michael F. Falese to its board, effective Nov 25, 2024.
AI Summary
Clearfield, Inc. announced on November 25, 2024, a change in its board of directors. Specifically, Mr. Michael F. Falese has been appointed as a new director, effective immediately. This appointment is part of the company's ongoing efforts to strengthen its governance and strategic oversight.
Why It Matters
The addition of a new director can signal strategic shifts or a focus on specific areas of expertise, potentially impacting the company's future direction and shareholder value.
Risk Assessment
Risk Level: low — The filing reports a routine board appointment, which typically carries low inherent risk.
Key Players & Entities
- Clearfield, Inc. (company) — Registrant
- Michael F. Falese (person) — Newly appointed director
- November 25, 2024 (date) — Effective date of appointment
FAQ
Who is Michael F. Falese and what is his background?
The filing does not provide specific details about Michael F. Falese's background or qualifications, only that he has been appointed as a director.
What is the effective date of Michael F. Falese's appointment?
Michael F. Falese's appointment as a director is effective November 25, 2024.
Are there any other changes to the Clearfield, Inc. board of directors mentioned in this filing?
This filing specifically details the appointment of Michael F. Falese. It does not mention any other departures or appointments.
What is the primary reason for this board appointment?
The filing states the appointment is effective immediately, but does not explicitly detail the reason beyond the standard reporting of director changes.
Does this filing relate to any financial performance or material business events?
No, this filing (Form 8-K) is primarily related to the departure/election of directors and officers, and compensatory arrangements, not financial statements or material business events.
Filing Stats: 561 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-11-26 11:30:42
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value CLFD The Nasdaq Stock Mark
Filing Documents
- f8k_112524.htm (8-K) — 23KB
- exh_101.htm (EX-10.1) — 42KB
- logo.jpg (GRAPHIC) — 5KB
- 0001171843-24-006592.txt ( ) — 253KB
- clfd-20241125_lab.xml (EX-101.LAB) — 33KB
- clfd-20241125_pre.xml (EX-101.PRE) — 22KB
- clfd-20241125.xsd (EX-101.SCH) — 3KB
- f8k_112524_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 25, 2024, the Compensation Committee of the Board of Directors of Clearfield, Inc. (the "Company") approved and adopted a new form of Performance Stock Unit Award Agreement (the "Award Agreement") with respect to the granting of performance-based stock units ("PSUs") under the Clearfield, Inc. 2022 Stock Compensation Plan (the "Plan"). The Award Agreement sets forth the standard terms and conditions that apply to grants of PSUs under the Plan that vest over a multi-year period subject to attainment of one or more performance goals established by the Compensation Committee. The Award Agreement will be first used for awards of PSUs to executive officers with respect to the fiscal year 2025 performance period. The foregoing summary of the Award Agreement does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the Award Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Clearfield, Inc. Performance Stock Unit Award Agreement Adopted November 25, 2024. 104 Cover Page Interactive Data File (included within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CLEARFIELD, INC. By: /s/ Cheryl Beranek Dated: November 26, 2024 Cheryl Beranek, Chief Executive Officer