Cal-Maine Foods, Inc. - Common Stock (CALM)

Cal-Maine Foods, Inc. (NASDAQCALM) (“Cal-Maine Foods” or the “Company”) today announced that it has entered into an agreement with members of the family of its founder Fred R. Adams, Jr., relating to the potential diversification of their individual financial portfolios. As discussed below, the agreement creates a process for the potential conversion of all of their super voting Class A Common Stock (“Class A Shares”) to Cal-Maine Foods’ Common Stock (“Common Shares”). Should the conversion occur, all the Company’s shares would be a single class, with one vote per share. Because the family-owned controlling stockholder owns all of the Company’s super voting shares, converting those shares into Common Shares would cause the controlling stockholder’s voting power to fall from 53.2% to 12.0%, although its economic interest in the Company would remain unchanged at 12.0%. The potential diversification could result in the Company ceasing to be a “controlled company” pursuant to the rules of The Nasdaq Stock Market. The timing and manner of these potential diversification transactions have not been decided. The Board of Directors (the “Board”) has taken the steps described below to position the Company for the potential loss of controlled company status.

Cal-Maine Foods, Inc. (NASDAQCALM) today announced that the Company has acquired certain assets of Deal-Rite Feeds, Inc. and its affiliated entities, including two feed mills, storage facilities, usable grain, vehicles, related equipment and retail feed sales business located in Statesville and Union Grove, North Carolina. The Company is funding the acquisition with available cash on hand.

Cal-Maine Foods, Inc. (NASDAQCALM) (“Cal-Maine Foods” or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the second quarter of fiscal 2025 (thirteen weeks) ended November 30, 2024.

Cal-Maine Foods, Inc. (NASDAQCALM) today announced that the Company will release its second quarter fiscal 2025 financial results on Tuesday, January 7, 2025. A press release will be issued after the close of market trading.

Cal-Maine Foods, Inc. (NASDAQCALM) today announced that management will participate in the Stephens 2024 Annual Investment Conference to be held November 19-21, 2024, at The Grand Hyatt in Nashville, Tennessee.

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Cal-Maine Foods, Inc. (NASDAQCALM) today announced that on October 4, 2024, its Board of Directors approved $40 million in new capital projects to further expand the Company’s cage-free production capabilities. The Company plans to fund the projects through a combination of available cash on hand, sales of investment securities and operating cash flow.

Cal-Maine Foods, Inc. (NASDAQCALM) (“Cal-Maine Foods” or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the first quarter of fiscal 2025 (thirteen weeks) ended August 31, 2024.

Cal-Maine Foods, Inc. (NASDAQCALM) today announced that the Company will release its first quarter fiscal 2025 financial results on Tuesday, October 1, 2024. A press release will be issued after the close of market trading.

Cal-Maine Foods, Inc. (NASDAQCALM) today announced that it has completed a strategic investment with Crepini LLC, establishing a new egg products and prepared foods joint venture. Crepini LLC, founded in 2007, has grown its brand throughout the United States and Mexico featuring egg wraps, protein pancakes, crepes, and wrap-ups, which are now sold online and in over 3,500 retail stores.

Cal-Maine Foods, Inc. (NASDAQCALM) today announced that Judd Stevens has been named Vice President, Operations, effective July 23, 2024. Stevens will have responsibility for all of Cal-Maine Foods’ recently acquired assets from ISE, including production operations in Delaware, Maryland, New Jersey and South Carolina.

Cal-Maine Foods, Inc. (NASDAQCALM) (“Cal-Maine Foods” or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the fourth quarter of fiscal 2024 (thirteen weeks) and fiscal year 2024 (fifty-two weeks) ended June 1, 2024.

Cal-Maine Foods, Inc. (NASDAQCALM) today released the Company’s updated Fiscal 2023 Sustainability Report, which highlights Cal-Maine Foods’ progress on the Company’s key sustainability initiatives. As in previous reports, the Company is providing updated information utilizing the United Nations Sustainable Development Goals and Sustainability Accounting Standards Board (SASB) framework.

Cal-Maine Foods, Inc. (NASDAQCALM) today announced that the Company will release its fourth quarter and fiscal 2024 financial results on Tuesday, July 23, 2024. A press release will be issued after the close of market trading.

Cal-Maine Foods, Inc. (NASDAQCALM) (“Cal-Maine Foods” or the “Company”) today announced the Company has completed the acquisition of substantially all the assets of ISE America, Inc. and certain affiliates (“ISE”) for approximately $110 million. Cal-Maine Foods is funding the acquisition with available cash on hand. The acquired ISE assets include commercial shell egg production and processing facilities with current capacity of approximately 4.7 million laying hens, including 1.0 million cage-free, and 1.2 million pullets, feed mills, approximately 4,000 acres of land, inventories and an egg products breaking facility. The acquired assets also include an extensive customer distribution network across the Northeast and Mid-Atlantic states, and production operations in Maryland, New Jersey, Delaware and South Carolina.

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Cal-Maine Foods, Inc. (NASDAQCALM) today announced that management will participate in the 27th Annual Burkenroad Reports Investment Conference hosted by Tulane University’s Freeman School of Business on Friday, April 26, 2024, at The Westin, New Orleans, Louisiana.

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Cal-Maine Foods stock rocketed to an all-time high after the company posted a surprise beat on earnings and announced a special dividend of $1 per share

Cal-Maine Foods, Inc. (NASDAQCALM) today announced that Jeff Hardin, Senior Vice President of Sales, is retiring from his position with the Company, effective July 23, 2024. Scott Hull, Vice President of Sales, will assume the executive officer role previously held by Hardin, effectively immediately. Hardin will continue to work with Hull through the transition period until his official retirement date.

Cal-Maine Foods, Inc. (NASDAQCALM) (“Cal-Maine Foods” or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the third quarter of fiscal 2024 (thirteen weeks) ended March 2, 2024.

Cal-Maine Foods, Inc. (NASDAQCALM) (“Cal-Maine Foods” or “Company”) today reported that one of the Company’s facilities located in Parmer County, Texas, tested positive for highly pathogenic avian influenza (“HPAI”), resulting in depopulation of approximately 1.6 million laying hens and 337,000 pullets, or approximately 3.6% of the Company’s total flock as of March 2, 2024. Production at the facility has temporarily ceased as the Company follows the protocols prescribed by the USDA. Cal-Maine Foods is working to secure production from other facilities to minimize disruption to its customers.

Cal-Maine Foods, Inc. (NASDAQCALM) today announced that the Company will release its third quarter fiscal 2024 financial results on Tuesday, April 2, 2024. A press release will be issued after the close of market trading.

Cal-Maine Foods, Inc. (NASDAQCALM) (“Cal-Maine Foods” or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today announced it has completed the previously announced acquisition of a broiler processing plant, hatchery and feed mill in Dexter, Missouri, that were closed by Tyson Foods, Inc. NYSE: TSNNYSETSN)

Stocks finished the week looking for direction after a hotter-than-expected Jobs report and as investors wait for inflation information and big bank earnings