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Sherman L. Miller

President and Chief Executive Officer (CEO) at CAL-MAINE FOODS
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

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