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    Sherman L. Miller

    President and Chief Executive Officer (CEO) at Cal-Maine Foods Inc
    Board
    Since September 30, 2022
    Age
    49 years
    Education
    Earned a Bachelor of Science in Poultry Science from Mississippi State University.
    Tenure
    Joined CALM in 1996 and advanced through various leadership roles including Vice President of Operations, Chief Operating Officer (2011 to March 2023), President (from March 2018), and Chief Executive Officer from September 30, 2022.

    Also at Cal-Maine Foods Inc

    ABB
    Adolphus B. Baker
    Chairman of the Board
    MPB
    Max P. Bowman
    Vice President, Chief Financial Officer, Treasurer, and Secretary
    MTW
    Michael T. Walters
    Vice President – Operations and Chief Operating Officer

    About

    Sherman L. Miller is a seasoned executive in the poultry industry, currently serving as the Chief Executive Officer of CALM at the age of 49. His academic background in Poultry Science, earned from Mississippi State University, laid a solid foundation for his operational and strategic expertise.

    Beginning his career at CALM in 1996, he rapidly progressed through various roles. Notably, he served as Vice President of Operations starting in 2007, transitioned to Chief Operating Officer in 2011, and later assumed the role of President in March 2018, reflecting a steady rise in leadership responsibilities.

    Elevated to Chief Executive Officer on September 30, 2022, his tenure is marked by effective management, strategic growth, and contributions to both industry boards and internal initiatives. His career at CALM is bolstered by active involvement in areas such as commodity sourcing, operational logistics, and adherence to food safety and environmental standards.

    $CALM Performance Under Sherman L. Miller

    Past Roles

    Organization Role Date Range Details
    Cal-Maine Foods, Inc. Chief Operating Officer (COO) 2011 - March 24, 2023 Role ended prior to assuming current executive positions
    Cal-Maine Foods, Inc. Vice President, Operations 2007 - 2011 Promoted to this role in 2007
    Cal-Maine Foods, Inc. Various Positions in Operations 1996 - 2007 Held increasing responsibilities starting from 1996

    External Roles

    Organization Role Date Range Details
    Mississippi State University Distinguished Fellow for the Department of Poultry Science Current Academic position

    Fixed Compensation

    Data from  FY 2024
    Component NameAmount ($)Payment ScheduleAdditional Details
    Salary$408,438 26 pay periods for FY 2024 Base salary
    Bonus$374,874 Annual bonus payment (schedule not specified)Annual performance bonus
    Stock Awards$158,470 Time-vested RSAs; grant date: January 12, 2024 2,886 shares at $54.91 per share, aggregate grant date fair value
    Deferred Compensation Contributions$71,333 Contributions made to DC Plan Deferred contributions by company
    Pension Benefits (SERP)$47,325 Annual installments of $50,000 for 10 years if fully vested; vesting over 5 years at 20% per year Supplemental Executive Retirement Plan; 1.25 years of credited service
    All Other Compensation$129,757 Various payment schedules (allowances and reimbursements)Includes Auto Allowance: $17,950; Life Insurance Premiums: $1,026; Medical Reimbursement: $2,596; KSOP: $10,264; Housing Allowance: $26,588
    Potential Payments Upon Termination or Change in Control$1,154,582 Conditional vesting upon termination, change in control, disability, or retirementRSAs: $507,359; SERP: $500,000; DC Plan: $147,223; vesting tied to specific events (e.g., death, disability, change in control)

    Performance Compensation

    Data from  FY 2024

    No information available on performance compensation for 2024