Clearfield extends and updates bank loan agreement

Clearfield, Inc. has amended its loan agreement with Old National Bank.

(Very High)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

Clearfield, Inc. has amended its loan agreement with Old National Bank. The new amendment extends the maturity of the company’s line of credit from April 25, 2026 to July 24, 2026, keeping this borrowing capacity available for a longer period.

The amendment also moves updated interest and payment provisions into the main agreement, adds new events that would count as a default, and includes a jury trial waiver for related judicial proceedings. All other material terms of the loan agreement remain unchanged, and the amendment includes customary representations and warranties by the company.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Previous line of credit maturity: April 25, 2026 New line of credit maturity: July 24, 2026 Amendment execution date: April 25, 2026

3 metrics

Previous line of credit maturity April 25, 2026 Original maturity date under the loan agreement

New line of credit maturity July 24, 2026 Extended maturity date under Amendment No. 3

Amendment execution date April 25, 2026 Date Clearfield entered into Amendment No. 3

Key Terms

Amendment No. 3 to Loan Agreement, line of credit, events that constitute a default, jury trial waiver, +1 more

5 terms

Amendment No. 3 to Loan Agreement financial

"On April 25, 2026, Clearfield, Inc. entered into an Amendment No. 3 to Loan Agreement"

line of credit financial

"extends the maturity of the line of credit provided under the Agreement"

A line of credit is a flexible borrowing arrangement that lets a company draw money up to a preset limit, repay it, and borrow again as needed—similar to a business credit card or an emergency tap on a savings account. It matters to investors because it shows how a firm manages short-term cash needs and growth funding without taking a single large loan; access, cost, and attached conditions can affect liquidity, interest expenses and financial risk.

events that constitute a default financial

"adds several events that constitute a default under the Agreement"

jury trial waiver regulatory

"adds a jury trial waiver for any judicial proceedings in which the parties are involved"

representations and warranties financial

"The Amendment also contains customary representations and warranties applicable to the Company"

Representations and warranties are statements one party makes to another in a legal agreement about facts or conditions that are true at signing or will be true in the future, like ownership, financial statements, or regulatory compliance. They matter to investors because they set the factual baseline for a deal—like guarantees in a car sale—and create legal remedies or payment adjustments if those statements turn out to be false, affecting value and risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Clearfield (CLFD) change in its bank loan agreement?

Clearfield amended its loan agreement with Old National Bank. The amendment extends the line of credit maturity, updates how interest and payments are reflected in the agreement, adds new default events, and introduces a jury trial waiver, while leaving all other material terms unchanged.

How long did Clearfield (CLFD) extend its line of credit maturity?

Clearfield extended the maturity of its line of credit from April 25, 2026 to July 24, 2026. This gives the company additional time under its existing credit facility without changing other material terms of the loan agreement with Old National Bank.

Which bank is Clearfield (CLFD) working with under this amended loan?

Clearfield’s amended loan agreement is with Old National Bank, successor by merger to Bremer Bank, National Association. The amendment updates terms within the existing relationship, including maturity, interest and payment provisions, and default-related and procedural clauses like a jury trial waiver.

Did Clearfield (CLFD) change interest or payment terms in this amendment?

The amendment incorporates updated interest and payment provisions into the main loan agreement. These provisions were previously included only in the related promissory note, so the change centralizes key economic terms while leaving other material aspects of the agreement unchanged.

What new legal or default provisions affect Clearfield (CLFD) in the amended loan?

The amendment adds several new events that constitute a default under the loan agreement and introduces a jury trial waiver for related judicial proceedings. These changes refine the legal framework governing the loan and how disputes or defaults would be handled between the parties.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 04/30/2026 - 02:00 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 25, 2026

Clearfield, Inc.

(Exact name of registrant as specified in charter)

Minnesota		000-16106		41-1347235
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

7050 Winnetka Avenue North, Suite 100, Brooklyn Park, MN		55428
(Address of principal executive offices)		(Zip Code)

(763) 476-6866

Registrant’s telephone number, including area code

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value	CLFD	The NASDAQ Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01.

Entry into a Material Definitive Agreement.

On April 25, 2026, Clearfield, Inc. (the “Company”) entered into an Amendment No. 3 to Loan Agreement (the “Amendment”) that amends its Loan Agreement dated April 27, 2022 (as amended, the “Agreement”) with Old National Bank, successor by merger to Bremer Bank, National Association. The Amendment, among other things, (i) extends the maturity of the line of credit provided under the Agreement from April 25, 2026 to July 24, 2026, (ii) incorporates updated interest and payment provisions into the Agreement that had previously been included in the promissory note issued under the Agreement, (iii) adds several events that constitute a default under the Agreement, and (iv) adds a jury trial waiver for any judicial proceedings in which the parties are involved which arise out of or are related to the Agreement. The Amendment also contains customary representations and warranties applicable to the Company. All other material terms of the Agreement remain unchanged.

The foregoing summary of the Amendment does not purport to be complete and is subject to and qualified in its entirety by reference to the Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description

10.1	Amendment No. 3 to Loan Agreement dated April 25, 2026, by and between Clearfield, Inc. and Old National Bank.

104

Cover Page Interactive Data File (included within the Inline XBRL document).

SIGNATURES

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/ Daniel R. Herzog
Dated: April 30, 2026		Daniel R. Herzog, Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

EX-10.1 EXHIBIT 10.1 56.2 KB