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Recent Updates — CALM

September 2, 2026View Source ↗

On August 31, 2026, Cal-Maine Foods entered into a Second Amended and Restated Credit Agreement with BMO Bank N.A., establishing a $250 million senior unsecured revolving credit facility maturing on August 31, 2031. The agreement includes a $25 million sublimit for standby letters of credit and swingline loans, plus an accordion feature allowing up to $250 million in additional commitments. Financial covenants require a maximum Total Funded Debt to Capitalization Ratio of 50% and minimum tangible net worth of $1.5 billion plus 50% of consolidated net income. As of September 1, 2026, no amounts were drawn, though $5.9 million in standby letters of credit were issued. Cal-Maine Foods is a poultry producer specializing in the production and distribution of shell eggs.

July 22, 2026View Source ↗

Cal-Maine Foods, Inc. reported fourth quarter and fiscal 2026 results, showing a net loss of $35.88 million and a 49.9% decrease in net sales to $552.6 million. The company announced a new segment reporting structure consisting of new reportable operating segments: Conventional Shell Eggs, Specialty Shell Eggs, and Prepared Foods. Strategic execution highlights include the acquisition of the Van's brand and assets of Creighton Brothers LLC, and a new $54 million investment to expand Prepared Foods production capacity. Cal-Maine Foods, Inc. is the largest egg company in the United States and a leading player in the egg-based food industry.

June 30, 2026View Source ↗

Cal-Maine Foods, Inc. reached an agreement with the U.S. Department of Justice and seventeen state attorneys general to resolve antitrust claims following a fifteen-month investigation into alleged anticompetitive conduct among egg producers. While the company does not admit wrongdoing and faces no fines or penalties, the settlement requires implementing new antitrust compliance and reporting measures, donating 30 million eggs, and paying $1.5 million to the states. Cal-Maine Foods, Inc. is an egg producer.

June 23, 2026View Source ↗

Cal-Maine Foods, Inc. expanded its Board of Directors from eight to ten members, appointing Haley R. Fisackerly as an independent Class II director and Michael J. Highfield as an independent Class III director. Both new directors will serve until the 2026 and 2027 annual meetings, respectively, and will join the Compensation, Audit, and Nominating and Corporate Governance Committees. New directors will receive an annual fee of $45,000 and a $100,000 target value restricted stock award. Cal-Maine Foods, Inc. is an egg producer and distributor in the food industry.