Clearfield Elects Kate Kelly and Ademir Sarcevic to the Board of Directors

Board of Directors Update - Clearfield Inc announced the election of Kate Kelly and Ademir Sarcevic to its Board of Directors, effective December 11, 2024 [1] - Kate Kelly will serve on the Company's Audit Committee and Nominating and Corporate Governance Committee [3] - Ademir Sarcevic will serve on the Company's Audit Committee and Compensation Committee [5] Kate Kelly's Background - Kate Kelly brings over three decades of experience in the banking industry, with leadership roles at U S Bank and PNC [2] - As Regional President and Executive Vice President at PNC, she achieved 24% average annual revenue growth [2] - She was the founding President and CEO of Minnesota Bank & Trust, driving 30% annual revenue growth [2] - She led Bremer Financial's Wealth Management division, achieving consistent 15% annual growth [2] - Holds an MBA in finance from the University of Minnesota Carlson School of Management and a Bachelor of Arts in Economics and Humanities from St Catherine University [2] Ademir Sarcevic's Background - Ademir Sarcevic has over two decades of experience in financial transformation and business growth across various industries [4] - Currently serves as Vice President, Chief Financial Officer, and Treasurer at Standex International, where he more than doubled market capitalization and stock price while achieving record operating margins and cash flow [4] - Previously held leadership roles at Pentair, playing a key role in spin-out and M&A activities, and at Eisai Inc, managing financial restructuring efforts [4] - Holds a Master of International Management from Thunderbird School of Global Management and a Bachelor of Science in Finance and International Business from the University of Bridgeport [4] Company Overview - Clearfield Inc designs, manufactures, and distributes fiber optic management, protection, and delivery products for communications networks [5] - The company's "fiber to anywhere" platform serves traditional carriers, alternative carriers, MSO/cable TV companies, and markets including utility/municipality, enterprise, data center, and military [5] - Headquartered in Minneapolis, MN, Clearfield deploys more than a million fiber ports each year [5]