Clearfield, Inc. filings document its public-company disclosures as a Minnesota-based fiber connectivity manufacturer serving broadband and network infrastructure markets. The record includes Form 8-K reports on quarterly operating results, line-of-credit amendments, completed subsidiary divestiture activity, and bylaw amendments covering proxy access, universal proxy rules, and forum provisions.
Proxy materials and annual-meeting reports describe director elections, executive compensation votes, board governance, shareholder voting mechanics, and common-stock matters. Exhibits and material-event filings also record loan agreements, press-release financial data, and governance changes tied to Clearfield's capital structure and reporting obligations.
Clearfield, Inc. (CLFD) announced that President and Chief Executive Officer Cheryl Beranek will retire effective March 31, 2027, under a transition agreement. She will remain CEO until the earlier of that date or a successor’s appointment, then continue as a non-executive officer with the President and Chief Executive Officer Emeritus title through March 31, 2027. The Board will initiate a CEO search, considering internal and external candidates with a nationally recognized search firm.
During the transition, Beranek’s annual base salary of $483,000 and employee benefits remain unchanged, and she will receive no future equity awards. The Compensation Committee has not yet adopted the fiscal 2027 annual cash performance bonus opportunity; under the agreement, Beranek’s opportunity equals 100% of base salary. For purposes of her Employment Agreement, termination at March 31, 2027 will be treated as a termination without Cause, subject to her executing a general release that becomes effective; the 2027 bonus will not be prorated and will equal 100% of base salary. Clearfield expects fiscal 2026 fourth-quarter and full-year results to be in line with August 5, 2026 guidance, based on preliminary unaudited information and subject to normal closing processes and accounting review.
AIGH Capital Management LLC, AIGH Investment Partners LLC, and Orin Hirschman reported beneficial ownership of 1,217,196 shares of Clearfield, Inc. (CLFD), equal to 9% of the class. Hirschman is identified as Managing Member of AIGH Capital Management LLC and president of AIGH Investment Partners LLC.
Clearfield, Inc. reported net sales of $43,864,000 for the quarter ended June 30, 2026, up from $38,755,000 a year earlier, driven by stronger demand from Community Broadband, Large Regional Service Providers and National Carriers. Income from continuing operations was $3,000,000, or $0.22 per share, compared with $2,328,000, or $0.16 per share.
Gross profit was $13,944,000 and gross margin declined to 31.8% of sales from 35.3%, reflecting $2,560,000 of excess and obsolete inventory charges on a customer order the company no longer expects to fulfill, partly offset by $1,407,000 of recoveries and $655,000 of tariff refunds. Order backlog fell to $20,988,000, 34% below March 31, 2026 and 32% below June 30, 2025.
For the nine months, net sales were $112,596,000 and income from continuing operations was $2,195,000, or $0.16 per share, down from $4,522,000 a year earlier. Cash, cash equivalents and investments totaled $155,119,000 at June 30, 2026, with no borrowings under a $40,000,000 revolving credit facility, and the company repurchased $13,494,000 of common stock.
Clearfield, Inc. reported fiscal third-quarter 2026 net sales from continuing operations of $43.9 million, up 13% from $38.8 million a year earlier. Income from operations from continuing operations rose to $2.6 million, with net income from continuing operations of $3.0 million and diluted EPS from continuing operations of $0.22, compared with $0.16 in the prior-year quarter.
Gross margin from continuing operations was 31.8%, down from 35.3%, reflecting a $2.6 million inventory charge tied to an order the company no longer expects to fulfill, partly offset by $1.4 million of inventory recoveries and $655,000 of tariff recoveries. Order backlog was $21.0 million as of June 30, 2026, down 34% from March 31, 2026, including removal of a $4.6 million order. The company repurchased about 31,000 shares for $0.9 million, with $15.0 million remaining available.
After quarter-end, Clearfield received its first significant $22 million order supporting a hyperscale data center project, with shipments expected to begin in early fiscal 2027. For fiscal 2026, the company reduced its outlook, now expecting net sales from continuing operations of $151–$155 million and net income per share of $0.14–$0.21, and forecasts Q4 net sales of $38–$42 million and EPS of $0.00–$0.07 amid industry demand constraints and potential fiber supply and tariff impacts.
Clearfield, Inc. entered into Amendment No. 4 to its Loan Agreement with Old National Bank, successor by merger to Bremer Bank, National Association. The amendment extends the maturity date of the line of credit from July 24, 2026 to November 21, 2026.
The amendment includes customary representations and warranties applicable to Clearfield, while all other material terms of the existing Loan Agreement dated April 27, 2022 remain unchanged.
Clearfield, Inc. has a significant shareholder group led by AIGH Capital Management LLC and its affiliates. These reporting persons collectively report beneficial ownership of 1,008,469 shares of Clearfield common stock, representing 7.4% of the outstanding class.
The shares are reported with sole voting and sole dispositive power over 1,008,469 shares and no shared power. The reporting persons include AIGH Capital Management LLC, AIGH Investment Partners LLC, and Orin Hirschman, who is managing member of AIGH Capital Management LLC and president of AIGH Investment Partners LLC.
Clearfield, Inc. Chief Executive Officer Cheryl Beranek reported an open-market sale of 1,778 shares of Clearfield common stock. The shares were sold on July 1, 2026 at a weighted average price of $40.06 per share, in multiple trades between $40.00 and $40.25.
The transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Beranek on December 15, 2025. Following this sale, she continues to hold 492,973 shares of Clearfield common stock directly.
Clearfield, Inc. Chief Financial Officer Daniel R. Herzog acquired additional company stock through the employee stock purchase plan. He obtained 752 shares of common stock labeled as "Common Stock (ESPP)" at a price of $24.78 per share, based on 85% of the closing price on December 31, 2025 for the purchase period from January 1 to June 30, 2026. Following this plan-related acquisition, he directly owns 85,834 shares of Clearfield common stock.
Clearfield, Inc. Chief Commercial Officer Anis Khemakhem acquired 158 shares of Common Stock through the company’s Employee Stock Purchase Plan. The shares were purchased for $24.78 per share, based on 85% of the closing price on December 31, 2025, for the ESPP period from January 1 to June 30, 2026. Following this routine compensation-related acquisition, Khemakhem directly holds 25,284 Common Stock shares.
Clearfield, Inc. Chief Operating Officer John P. Hill reported an acquisition of company stock through an employee plan. On June 30, 2026, he acquired 459 shares of common stock at $24.78 per share under the Employee Stock Purchase Plan for the January 1–June 30, 2026 period.
The footnote explains these shares were purchased at 85% of the December 31, 2025 closing price, consistent with the plan’s terms. Following this transaction, Hill directly owns 192,674 shares of Clearfield common stock.