CEO Pay Watch Clearfield Inc.
Cheryl Beranek, president, CEO
Total compensation: $4,309,913 for the year ended Sept. 30
Salary: $281,689
Bonus: $100,000
Non-equity incentive pay: $255,981
Other compensation: $12,373
Exercised stock options: $3,428,500
Value realized on vesting shares: $231,370
New stock options: 42,500
Total fiscal 2014 shareholder return: –5.2 percent
Note: Beranek's total compensation increased 237 percent from the previous year's compensation of $1.3 million. Most of the increase was from the $3.4 million in previously issued stock options that Beranek exercised.
Beranek's base salary rose nearly 7 percent during the year; her performance-based cash bonus dropped 35 percent from the previous year.
Shares of Clearfield, a maker of fiber-optic and copper components for the data and telecommunications markets, have alternated between years when the stock has gone up triple digits and years when the stock has declined. The stock fell 5.2 percent in the last fiscal year ended Sept. 30, but since Beranek was named CEO in June 2007, the stock has had a total annualized return of 37.2 percent.
Patrick Kennedy
