Clearfield Inc. Files 2025 DEF 14A
Ticker: CLFD · Form: DEF 14A · Filed: Jan 16, 2025 · CIK: 796505
| Field | Detail |
|---|---|
| Company | Clearfield, Inc. (CLFD) |
| Form Type | DEF 14A |
| Filed Date | Jan 16, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, executive-compensation, corporate-governance
TL;DR
Clearfield's 2025 DEF 14A is out, detailing exec pay and governance for FY24.
AI Summary
Clearfield, Inc. filed its DEF 14A on January 16, 2025, for the fiscal year ending September 30, 2024. The filing details executive compensation, corporate governance, and other shareholder-related information. Key financial data for the period October 1, 2023, to September 30, 2024, is presented.
Why It Matters
This filing provides crucial insights into Clearfield's executive compensation structure and corporate governance practices, which can influence investor confidence and strategic decisions.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) that provides information on executive compensation and corporate governance, not typically indicative of immediate financial risk.
Key Numbers
- 2024-09-30 — Fiscal Year End (Reporting period for the DEF 14A filing.)
- 2023-10-01 — Fiscal Year Start (Reporting period for the DEF 14A filing.)
Key Players & Entities
- Clearfield, Inc. (company) — Filer
- 0001171843-25-000278 (filing_id) — Accession Number
- 20250116 (date) — Filing Date
- 20250227 (date) — Period of Report
- 0930 (date) — Fiscal Year End
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors and executive compensation, and provides detailed information on these topics.
When is Clearfield, Inc.'s fiscal year end?
Clearfield, Inc.'s fiscal year ends on September 30th, as indicated by the filing.
What is the filing date of this DEF 14A for Clearfield, Inc.?
The filing date for this DEF 14A is January 16, 2025.
What is the accession number for this filing?
The accession number for this filing is 0001171843-25-000278.
What is the SIC code for Clearfield, Inc.?
The Standard Industrial Classification (SIC) code for Clearfield, Inc. is 3661, which corresponds to Telephone & Telegraph Apparatus.
Filing Stats: 4,563 words · 18 min read · ~15 pages · Grade level 13.7 · Accepted 2025-01-16 11:00:30
Key Financial Figures
- $0.01 — The number of shares of common stock, $0.01 par value, outstanding and entitled to
Filing Documents
- clfd20250110_def14a.htm (DEF 14A) — 844KB
- age.jpg (GRAPHIC) — 19KB
- capvsincome.jpg (GRAPHIC) — 70KB
- capvsnet.jpg (GRAPHIC) — 72KB
- capvstotal.jpg (GRAPHIC) — 75KB
- clfd20250110_def14aimg001.jpg (GRAPHIC) — 3KB
- clfd20250110_def14aimg002.jpg (GRAPHIC) — 3KB
- clfd20250110_def14aimg003.jpg (GRAPHIC) — 2KB
- clfd20250110_def14aimg004.jpg (GRAPHIC) — 2KB
- clfd20250110_def14aimg005.jpg (GRAPHIC) — 3KB
- clfd20250110_def14aimg006.jpg (GRAPHIC) — 3KB
- clfd20250110_def14aimg007.jpg (GRAPHIC) — 3KB
- clfd20250110_def14aimg008.jpg (GRAPHIC) — 2KB
- dir_exp.jpg (GRAPHIC) — 49KB
- fouryr.jpg (GRAPHIC) — 51KB
- proxy1.jpg (GRAPHIC) — 199KB
- proxy2.jpg (GRAPHIC) — 163KB
- targetmix.jpg (GRAPHIC) — 62KB
- tenure.jpg (GRAPHIC) — 16KB
- 0001171843-25-000278.txt ( ) — 3283KB
- clfd-20240930.xsd (EX-101.SCH) — 3KB
- clfd-20240930_def.xml (EX-101.DEF) — 2KB
- clfd-20240930_lab.xml (EX-101.LAB) — 2KB
- clfd-20240930_pre.xml (EX-101.PRE) — 1KB
- clfd20250110_def14a_htm.xml (XML) — 83KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 24 Compensation Discussion and Analysis 24 Compensation Committee Report 34 Summary Compensation Table 35 Grants of Plan-Based Awards in Fiscal Year 2024 36 Outstanding Equity Awards at Fiscal Year-End 38 Option Exercises and Stock Vested in Fiscal 2024 39 Employment Arrangements with Named Executive Officers 39 CEO Pay Ratio 44 Pay Versus Performance 45 DIRECTOR COMPENSATION 49 PROPOSAL 3: RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS 50 Vote Required for Proposal 3 50 RELATIONSHIP WITH INDEPENDENT ACCOUNTANTS 50 Accountant Fees and Services 51 Audit Committee Pre-Approval Procedures 51 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 51 SHAREHOLDER PROPOSALS AND SHAREHOLDER NOMINEES FOR 2026 ANNUAL MEETING 52 OTHER BUSINESS 52 ii CLEARFIELD, INC. 7050 Winnetka Avenue North, Suite 100 Brooklyn Park, Minnesota 55428 (763) 476-6866 ____________________ PROXY STATEMENT ____________________ Solicitation of Proxies This proxy statement is provided in connection with the solicitation of proxies by the Board of Directors of Clearfield, Inc. ("we," "Clearfield" or "the Company") for use at the Annual Meeting of Shareholders to be held on Thursday, February 27, 2025, at 2:00 p.m. Central Standard Time and at any postponements or adjournments thereof (the "Annual Meeting"). The mailing of this proxy statement to our shareholders commenced on or about January 16, 2025. About the Virtual Annual Meeting The Annual Meeting will again be a virtual meeting of the shareholders. The Board of Directors believes holding the Annual Meeting in a virtual format allows for greater engagement with our shareholders wherever they may be located, while minimizing the time and cost associated with planning, holding and arranging logistics for an in-person meeting. Shareholders at the close of business on the record date, December 30, 2024, are entitled to attend the Ann