Appointment · 20 October 2026
Clearfield, Inc.
CLFD · Listed
Key facts
- How the CEO left
- Retirement
- Planned or abrupt
- Planned
- Successor
- Not yet named
- Outgoing CEO stays as
- Adviser
- Signs it was forced
- None stated
- Other news alongside
- Financial results
- Effective
- 31 March 2027
- Reason given
- retirement
Read from the filing and press release by a language model (Google Gemini), told to use only that text. It can make mistakes; the quotes below are the source.
The announcement
On October 15, 2026, Clearfield, Inc. (the “Company”) and Cheryl Beranek, President and Chief Executive Officer of the Company, entered into a transition agreement (the “Transition Agreement”), to facilitate Ms. Beranek’s retirement on March 31, 2027 and the smooth transition to a successor President and Chief Executive Officer.
Pursuant to the Transition Agreement, Ms. Beranek will continue in her role as President and Chief Executive Officer until the earlier of March 31, 2027 or the Company’s appointment of a successor President and Chief Executive Officer.
Upon the appointment of a successor President and Chief Executive Officer, Ms. Beranek will remain employed by the Company through March 31, 2027 (the “Transition Period”) as a non-executive officer with the honorific title of President and Chief Executive Officer Emeritus to provide transition and other assistance and, at the request of the Company, will resign from any other officer roles and as a director of the Company.
Sentences matched by our CEO change rules, from the first filing. Read the 8-K on SEC EDGAR ↗
Share price reaction
The filing reached SEC EDGAR on 20 October 2026 at 16:00 New York time, after the market closed, so day 0 is the next trading day, 21 October 2026. Day 0 is marked by the vertical line.
| Window | CLFD | S&P 500 | Abnormal |
|---|---|---|---|
| Days 0 to +1 | −6.2% | −0.7% | −4.7% |
| Days 0 to +3 | −1.6% | −0.5% | −0.0% |
| 1 month (days 0 to +21)so far, 5 of 22 days | +4.5% | +0.1% | +5.2% |
| 3 months (days 0 to +63)so far, 5 of 64 days | +4.5% | +0.1% | +5.2% |
The abnormal return is the stock's return beyond what its usual relationship with the market (beta 1.90) predicts. A single stock's move can reflect other news on the same days, so it describes what happened rather than measuring the effect of the CEO change; averages across many events are on the Research design page as they are completed.
News coverage
- Clearfield CEO Cheri Beranek To Retire On March 31, 2027 ↗
rttnews.com · 20 October 2026 · Tone: neutral
- Clearfield CEO Cheri Beranek to retire ↗
lightreading.com · 21 October 2026 · Tone: neutral
Headlines from the day before the filing to three days after, found in the GDELT news index by company name, so an occasional match may be about something else. Tone is FinBERT's reading of the headline alone, a language model trained on financial news; it is not our view of the change.