Clearfield (CLFD) executive compensation, 2026 proxy

Cheryl Beranek, President and Chief Executive Officer, was paid $1.6M in 2025, up 2% from $1.6M the year before. The CEO-to-median-employee pay ratio was 24:1, on median employee pay of $66,648.

Filed
January 15, 2026
Annual meeting
February 26, 2026
Pay year
2025
Named executives
3
CEO total pay
$1.6M+2% vs prior year
CEO to median employee
24:1median $66,648
CEO pay in equity
62%$999,986 in awards
Prior say-on-pay support
97%of votes cast
CEO Salary
$460,000Base salary for fiscal 2025
CFO Total Compensation
$980,580Total compensation for Daniel R. Herzog
COO Total Compensation
$1,584,728Total compensation for John P. Hill
Median Employee Pay
$66,648Annual total compensation

How Beranek was paid

$1.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary29%Stock awards62%Non-equity incentive8%All other compensation1%

Named executive officers

ExecutiveTotal
Cheryl BeranekPresident and Chief Executive Officer$1,613,404
Daniel R. HerzogChief Financial Officer$980,580
John P. HillChief Operating Officer$1,584,728

What changed and why

  • $1.6MChief Executive Officer total compensation increased to $1,613,404 for fiscal 2025.
  • Named executive officers received stock awards consisting of restricted stock and performance stock units.
  • Performance stock units were subject to achieving a defined level of adjusted EBITDA.
  • Annual cash incentives were paid under the Incentive Bonus Plan based on performance.
  • 97%The prior say-on-pay proposal received nearly 97 percent approval from shareholders.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.