Management ChangeJun 23, 2026, 05:02 PM
Cal-Maine Foods Expands Board to 10, Appoints 2 Independent Directors
AI Summary
Cal-Maine Foods, Inc. announced that its Board of Directors increased its size from eight to ten members. The company appointed Haley R. Fisackerly as an independent Class II director and Michael J. Highfield as an independent Class III director. Both new directors will serve on the Compensation, Audit, and Nominating and Corporate Governance Committees, receiving an annual fee of $45,000 and restricted stock awards valued at $100,000 each.
Key Highlights
- Board of Directors expanded from 8 to 10 members.
- Haley R. Fisackerly appointed as independent Class II director.
- Michael J. Highfield appointed as independent Class III director.
- New directors to join Compensation, Audit, and Nominating and Corporate Governance Committees.
- Each new director to receive an annual fee of $45,000.
- Each new director granted $100,000 in restricted stock awards.
- RSAs vest 100% on January 12, 2029.
- Board now comprises 10 directors, with 7 independent members.
Price Impact
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