Cal-Maine Foods Management

Management criteria checks 3/4

Cal-Maine Foods' CEO is Sherman Miller, appointed in Mar 2018, has a tenure of 6.17 years. total yearly compensation is $1.15M, comprised of 32.3% salary and 67.7% bonuses, including company stock and options. directly owns 0.06% of the company’s shares, worth €1.57M. The average tenure of the management team and the board of directors is 2 years and 14.8 years respectively.

Key information

Sherman Miller

Chief executive officer

US$1.1m

Total compensation

CEO salary percentage	32.3%
CEO tenure	6.2yrs
CEO ownership	0.06%
Management average tenure	2yrs
Board average tenure	14.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sherman Miller's remuneration changed compared to Cal-Maine Foods's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 02 2024	n/a	n/a	US$276m
Dec 02 2023	n/a	n/a	US$452m
Sep 02 2023	n/a	n/a	US$634m
Jun 03 2023	n/a	n/a	US$758m
Feb 25 2023	n/a	n/a	US$757m
Nov 26 2022	n/a	n/a	US$473m
Aug 27 2022	n/a	n/a	US$276m
May 28 2022	US$681k	US$311k	US$133m
Feb 26 2022	n/a	n/a	US$18m
Nov 27 2021	n/a	n/a	-US$8m
Aug 28 2021	n/a	n/a	US$3m
May 29 2021	US$591k	US$289k	US$2m
Feb 27 2021	n/a	n/a	US$67m
Nov 28 2020	n/a	n/a	US$67m
Aug 29 2020	n/a	n/a	US$45m
May 30 2020	US$568k	US$261k	US$18m
Feb 29 2020	n/a	n/a	-US$62m
Nov 30 2019	n/a	n/a	-US$36m
Aug 31 2019	n/a	n/a	-US$4m
Jun 01 2019	US$633k	US$260k	US$54m
Mar 02 2019	n/a	n/a	US$146m
Dec 01 2018	n/a	n/a	US$202m
Sep 01 2018	n/a	n/a	US$154m
Jun 02 2018	US$579k	US$231k	US$126m
Mar 03 2018	n/a	n/a	US$30m
Dec 02 2017	n/a	n/a	-US$62m
Sep 02 2017	n/a	n/a	-US$59m
Jun 03 2017	US$451k	US$224k	-US$74m

Compensation vs Market: Sherman's total compensation ($USD1.15M) is below average for companies of similar size in the German market ($USD2.58M).

Compensation vs Earnings: Sherman's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Sherman Miller (48 yo)

6.2yrs

Tenure

US$1,149,427

Compensation

Mr. Sherman L. Miller serves as Chief Executive Officer since October 01, 2022 and served as its Interim Chief Operating Officer since October 01, 2022 until 2022. He had been the Chief Operating Officer o...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Adolphus Baker	Executive Chairman	33.3yrs	US$985.23k	1.09% $ 28.6m
Sherman Miller	CEO, President & Director	6.2yrs	US$1.15m	0.060% $ 1.6m
Max Bowman	VP, CFO	5.6yrs	US$976.34k	0.031% $ 818.5k
Michael Walters	VP & COO	1.2yrs	US$596.07k	0.030% $ 782.6k
Robert Holladay	VP & General Counsel	12.4yrs	US$825.92k	0.048% $ 1.3m
Charles Hardin	Executive Officer	less than a year	US$728.35k	0.045% $ 1.2m
Matthew Glover	Vice President of Accounting	2.5yrs	no data	0.010% $ 272.0k
Scott Hull	Senior Vice President of Sales	less than a year	no data	no data

2.0yrs

Average Tenure

57yo

Average Age

Experienced Management: CM2's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Adolphus Baker	Executive Chairman	33.3yrs	US$985.23k	1.09% $ 28.6m
Sherman Miller	CEO, President & Director	11.8yrs	US$1.15m	0.060% $ 1.6m
Max Bowman	VP, CFO	5.6yrs	US$976.34k	0.031% $ 818.5k
Steve Sanders	Independent Director	14.8yrs	US$157.68k	0.053% $ 1.4m
Mary Letitia Hughes	Independent Director	22.8yrs	US$153.68k	0.089% $ 2.3m
James Poole	Independent Director	19.6yrs	US$157.68k	0.024% $ 623.6k
Camille Young	Independent Outside Director	3.2yrs	US$157.68k	0.017% $ 456.7k

14.8yrs

Average Tenure

66yo

Average Age

Experienced Board: CM2's board of directors are seasoned and experienced ( 14.8 years average tenure).

Cal-Maine Foods Management

Management criteria checks 3/4

Key information

Recent management updates

Cal-Maine Foods, Inc. Announces Executive Changes

Insufficient new directors

Cal-Maine Foods, Inc., Annual General Meeting, Oct 06, 2023

Senior Vice President of Sales recently sold €66k worth of stock

Independent Director recently sold €59k worth of stock

Insufficient new directors

Recent updates

Upcoming dividend of US$1.00 per share

Third quarter dividend of US$1.00 announced

Cal-Maine Foods, Inc. Announces Executive Changes

Third quarter 2024 earnings released: EPS: US$3.01 (vs US$6.64 in 3Q 2023)

Cal-Maine Foods, Inc. Announces Third Quarter Dividend for the Fiscal Year 2024, Payable on May 16, 2024

Cal-Maine Foods, Inc. to Report Q3, 2024 Results on Apr 02, 2024

Insufficient new directors

Cal-Maine Foods, Inc. to Report Q2, 2024 Results on Jan 03, 2024

Cal-Maine Foods, Inc. Temporarily Ceases Production at its Facility in Kansas

Cal-Maine Foods, Inc. (NasdaqGS:CALM) acquired Substantially all the assets of Fassio Egg Farms, Inc.

Cal-Maine Foods, Inc. Announces Dividend for the First Quarter of Fiscal 2024, Payable on November 16, 2023

First quarter 2024 earnings released: EPS: US$0.019 (vs US$2.58 in 1Q 2023)

Cal-Maine Foods, Inc. to Report Q1, 2024 Results on Oct 03, 2023

Cal-Maine Foods, Inc., Annual General Meeting, Oct 06, 2023

Full year 2023 earnings released: EPS: US$15.58 (vs US$2.73 in FY 2022)

Cal-Maine Foods, Inc. Announces Dividend for the Fourth Quarter of Fiscal 2023, Payable on August 22, 2023

Cal-Maine Foods, Inc. to Report Q4, 2023 Results on Jul 25, 2023

Upcoming dividend of US$2.20 per share at 16% yield

Senior Vice President of Sales recently sold €66k worth of stock

Third quarter 2023 earnings released: EPS: US$6.64 (vs US$0.81 in 3Q 2022)

Independent Director recently sold €59k worth of stock

Upcoming dividend of US$1.35 per share

Investor sentiment deteriorated over the past week

Cal-Maine Foods Announces Cash Dividend for Second Quarter Fiscal 2023, Payable on February 9, 2023

Cal-Maine Foods, Inc. to Report Q2, 2023 Results on Dec 28, 2022

Insufficient new directors

Independent Director recently sold €304k worth of stock

Upcoming dividend of US$0.85 per share

First quarter 2023 earnings released: EPS: US$2.58 (vs US$0.37 loss in 1Q 2022)

Cal-Maine Foods, Inc. Announces CEO Changes

Cal-Maine Foods, Inc. Announces Dividend for First Quarter of 2023 to Holders of Its Common and Class A Common Stock, Payable on November 10, 2022

Cal-Maine Foods, Inc. to Report Q1, 2023 Results on Sep 27, 2022

Cal-Maine Foods, Inc., Annual General Meeting, Sep 30, 2022

Full year 2022 earnings released: EPS: US$2.73 (vs US$0.042 in FY 2021)

Cal-Maine Foods, Inc. Announces Quarterly Cash Dividend to Holders of Its Common and Class A Common Stock, Payable on August 16, 2022

Cal-Maine Foods, Inc. to Report Q4, 2022 Results on Jul 19, 2022

Insufficient new directors

Upcoming dividend of US$0.13 per share

Senior Vice President of Sales recently sold €197k worth of stock

Third quarter 2022 earnings released: EPS: US$0.81 (vs US$0.28 in 3Q 2021)

Cal-Maine Foods, Inc. Declares Dividend for Third Quarter of Fiscal 2022, Payable on May 12, 2022

Second quarter 2022 earnings: Revenues in line with analyst expectations

Insufficient new directors

First quarter 2022 earnings released: US$0.37 loss per share (vs US$0.40 loss in 1Q 2021)

Full year 2021 earnings released: EPS US$0.042 (vs US$0.38 in FY 2020)

Cal-Maine Foods, Inc.(NasdaqGS:CALM) dropped from Russell 2500 Growth Index

Cal-Maine Foods, Inc. (NasdaqGS:CALM) completed the acquisition of the remaining 50% membership interest in Red River Valley Egg Farm, LLC from Rose Acre Farms, Inc.

Cal-Maine Foods, Inc. (NasdaqGS:CALM) signed a definitive agreement to purchase the remaining 50% membership interest in Red River Valley Egg Farm, LLC from Rose Acre Farms, Inc for $48.5 million.

Third quarter 2021 earnings released: EPS US$0.28 (vs US$0.28 in 3Q 2020)

Cal-Maine Foods, Inc. to Report Q3, 2021 Results on Mar 29, 2021

Cal-Maine Foods, Inc. Names Camille Young to Board of Directors

New 90-day high: €33.20

Second quarter 2021 earnings released: EPS US$0.25

Revenue beats expectations

New 90-day low: €30.80

Cal-Maine Foods, Inc. Names Krista McGruder as Sustainability Director

Vice President of Sales recently bought €65k worth of stock

New 90-day low: €31.60

Cal-Maine Foods, Inc. to Report Q3, 2010 Results on 03/29/2010

Cal-Maine Foods, Inc. (NasdaqGS:CALM) acquired the remaining stake in Texas Egg Products, LLC.

Cal-Maine Foods, Inc. has completed a Follow-on Equity Offering in the amount of $234 million.

New 90-day low - €34.20

Cal-Maine Foods, Inc. to Report Q4, 2020 Results on Jul 20, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure