Clearfield Executive Compensation (FY25)
CLFD · Brooklyn Park, MN · Executive and director compensation, fiscal 2023 to 2025
The paid brief on Clearfield
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Data as of September 7, 2026Latest filing (8-K): February 27, 2026
13 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
$1,500Get the executive brief
151 figures on this page: 141 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
More on Clearfield
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2023 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Cheryl Beranek: $1,061,862 → $1,613,404 (51.9% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Clearfield's chief executive and what were they paid?
Cheryl Beranek, President and Chief Executive Officer, received $1,613,404 in total compensation for fiscal 2025. Beranek's total moved 51.9% higher from the $1,061,862 reported for fiscal 2023.
What was Clearfield's say-on-pay result?
Shareholders supported the say-on-pay proposal with 98.1% of votes cast for or against in favor at the meeting held February 26, 2026 for fiscal 2025.
Which companies are in Clearfield's peer group?
The disclosed peer group names A10 Networks, Inc., ADTRAN Holdings, Inc., American Superconductor Corporation, Applied Optoelectronics, Inc. and Aviat Networks, Inc., among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Cheryl Beranek President and Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
John Hill Chief Operating Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Daniel Herzog Chief Financial Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Cheryl Beranek President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
John Hill Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Daniel Herzog Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Cheryl Beranek | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Cheryl Beranek | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Cheryl Beranek | RSU | ◇ | — | — | ◇ | — | — | — |
| Daniel R. Herzog | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Daniel R. Herzog | RSU | ◇ | — | — | ◇ | — | — | — |
| Daniel R. Herzog | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| John P. Hill | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| John P. Hill | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| John P. Hill | RSU | ◇ | — | — | ◇ | — | — | — |
Fiscal 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Cheryl Beranek | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| John Hill | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Daniel Herzog | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
Cheryl Beranek
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance cash amount | ◇ |
| Equity acceleration on change in control | ◇ |
| Excise tax treatment | ◇ |
Daniel Herzog
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance cash amount | ◇ |
| Equity acceleration on change in control | ◇ |
| Excise tax treatment | ◇ |
John Hill
Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance cash amount | ◇ |
| Equity acceleration on change in control | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Carol A. Wirsbinski | ◇ | ◇ | — | — | — | — | ◇ |
Charles N. Hayssen Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Donald R. Hayward | ◇ | ◇ | — | — | — | — | ◇ |
Ronald G. Roth Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Walter L. Jones, Jr | ◇ | ◇ | — | — | — | — | ◇ |
Ademir Sarcevic | ◇ | ◇ | — | — | — | — | ◇ |
Catherine T. Kelly | ◇ | ◇ | — | — | — | — | ◇ |
Cheryl Beranek, Rebecca B. Seidel and Kathleen S. Skarvan served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- A10 Networks, Inc. ATEN
- ADTRAN Holdings, Inc. ADTN
- American Superconductor Corporation AMSC
- Applied Optoelectronics, Inc. AAOI
- Aviat Networks, Inc. AVNW
- Bel Fuse Inc. BELFA
- BK Technologies Corporation BKTI
- CTS Corporation CTS
- Digi International Inc. DGII
- Frequency Electronics, Inc. FEIM
- Gogo Inc. GOGO
- Harmonic Inc. HLIT
- KVH Industries, Inc. KVHI
- Lantronix, Inc. LTRX
- Netlist, Inc. NLST
- nLIGHT, Inc. LASR
- Preformed Line Products Company PLPC
- RF Industries Ltd. RFIL
- Shenandoah Telecommunications Company SHEN
- Vicor Corporation VICR
- Vishay Precision Group, Inc. VPG
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | February 26, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | February 27, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | February 22, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | February 23, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | February 24, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | February 25, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | February 27, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | February 21, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | February 22, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | February 23, 2017 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact Clearfield disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Clearfield sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
151 figures on this page: 141 cited to the filing that reported them, 10 calculated from figures it prints.
141 cited to the filing
10 calculated from the filing
Documents cited
- 0001171843-26-001184
- 0001171843-26-000288Compensation Discussion and Analysis · DIRECTOR COMPENSATION · Grants of Plan-Based Awards in Fiscal Year 2025 · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
- 0001171843-25-001194
- 0001171843-25-000278Grants of Plan-Based Awards in Fiscal Year 2024
- 0001171843-24-000982
- 0001171843-24-000212Summary Compensation Table
- 0001171843-23-001155
- 0001171843-22-001461
- 0001171843-21-001372
- 0001171843-20-001383
- 0001171843-19-001132
- 0001171843-18-001384
- 0001171843-17-001101
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Clearfield executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/CLFD (accessed 2026).
Short form: data: Velarion
The paid brief for Clearfield
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
13 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Clearfield and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Peers Clearfield discloses
The companies named in CLFD's own disclosed peer group.
A10 Networks, Inc.ADTRAN Holdings, Inc.American Superconductor CorporationApplied Optoelectronics, Inc.Aviat Networks, Inc.Bel Fuse Inc.BK Technologies CorporationCTS CorporationDigi International Inc.Frequency Electronics, Inc.Gogo Inc.Harmonic Inc.KVH Industries, Inc.Lantronix, Inc.Netlist, Inc.nLIGHT, Inc.Preformed Line Products CompanyVicor CorporationVishay Precision Group, Inc.
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}