BNET Industries

Cal-Maine Foods Inc.

(CALM) is in the Food Industry

Market Cap:$609.8M
Last Fiscal Year Sales:$915.9M
  • Public
  • US
Dow Jones Description

We are the largest producer and marketer of shell eggs in the United States. In fiscal 2008, we sold approximately 678 million dozen shell eggs, which represented about 15.8% of domestic shell egg consumption in the United States. Our total flock of approximately 22 million layers and 6 million pullets and breeders is the largest in the United States. Layers are mature female chickens, pullets are young female chickens usually under 20 weeks of age, and breeders are male or female chickens used to produce fertile eggs to be hatched for egg production flocks. Our primary business is the production, grading, packaging, marketing and distribution of shell eggs. We sell most of our shell eggs in 29 states, primarily in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States. We market our shell eggs through our extensive distribution network to a diverse group of customers, including national and regional grocery store chains, club stores, foodservice distributors and egg product manufacturers. The strength of our position is evidenced by the fact that we have the largest market share in the grocery segment for shell eggs, and we sell shell eggs to a majority of the largest food retailers in the United States. We are also one of the largest producers and marketers of value-added specialty shell eggs in the United States. Specialty shell eggs include reduced cholesterol, cage free and organic eggs and are a rapidly growing segment of the market. ...

Chairman of the Board of Directors and Chief Executive Officer
Fred R. Adams
Number of Employees 1,710
Contact Information

3320 W Woodrow Wilson Ave

Jackson, Mississippi 39209-3409

calmainefoods.c...

(601) 948-6813

NAICS Code Chicken Egg Production: 112310

Recent Events

  • A Big Upgrade for H.J. Heinz

    11/11/09 - Bond / Stock Rating - View Story

  • Cal-Maine posts loss, ends special-dividend streak

    9/28/09 - Stock Split / Dividend - View Story

  • Cal-Maine Sales Down 9%, TRC Net Loss

    9/29/09 - Financial Announcement - View Story

  • Cal-Maine reports fourth quarter results

    8/10/09 - Financial Announcement - View Story

  • Cal-Maine Foods, Inc. Expands Board of Directors and Elects Steve Sanders as New Member

    7/23/09 - Mgmt. Change Entering - Director - View Story

  • Cal-Maine Foods net earnings down in Q4

    7/28/09 - Financial Announcement - View Story

News & Analysis

business wire and cal-maine foods inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Adolphus B. Baker President
Richard K. Looper President and Chief Operating Officer
Timothy A. Dawson Vice President, Chief Financial Officer, Treasurer, Secretary and Director
Bob Scott Vice President, Operations
Charles F. Collins Vice President
Charles J Hardin Vice President
David Jenkins Vice President, Operations
Jack Self Vice President Operations, Production
Jeff Hardin Vice President, Sales
Joe M. Wyatt Vice President
Ken Paramore Vice President, Sales
Kyle Morris Vice President, Sales
Matthew Arrowsmith Vice President, Egg Sales
Sherman Miller Vice President, Operations
Steve Storm Vice President, Operations
Jerry Straughan General Manager
Tish Hughes Director
James Neeld III General Counsel

Board of Directors

Name (plus bio) Position
Fred R. Adams Chairman of the Board of Directors and Chief Executive Officer
Letitia C. Hughes Audit Committee Chairperson
James E. Poole Board of Directors
R. Faser Triplett Board of Directors
Steve W. Sanders Board of Directors

Fred R. Adams, Jr. has served as our Chief Executive Officer and a director since our formation in 1969 and as the Chairman of our Board of Directors since 1982. He is a director and past chairman of National Egg Company, United Egg Producers, Mississippi Poultry Association, U.S. Egg Marketers, Inc., and Egg Clearinghouse, Inc. Mr. Adams is the father-in-law of Mr. Baker.

Organization Position Status
Cal-Maine Foods, Inc. Chairman of the Board of Directors and Chief Executive Officer Current
Mississippi Poultry Association, Inc Director Current
United Egg Producers Director Current
Mississippi Poultry Association, Inc Chairman Former
United Egg Producers Chairman Former
Cal-Maine Foods, Inc. Board of Directors Former

Adolphus B. Baker was elected our President and Chief Operating Officer in January 1997. He was serving as our Vice President and Director of Marketing when elected President. Previously, he had served as Assistant to the President since 1987 and has been employed by us since 1986. He has been a director since 1991. Mr. Baker is the past Chairman of the American Egg Board, he is past Chairman of Mississippi Poultry Association, and is a past chairman of Egg Clearinghouse, Inc. Mr. Baker is currently a member of the Executive Committee of the United Egg Producers. Mr. Baker is a director of Trustmark National Bank of Jackson, Mississippi. Mr. Baker is Mr. Adams' son-in-law.

Organization Position Status
Cal-Maine Foods, Inc. President Current
Cal-Maine Foods, Inc. Chief Operating Officer Current
Cal-Maine Foods, Inc. Director of Marketing Current
Trustmark Corporation Director Current
Trustmark National Bank Director Current
Cal-Maine Foods, Inc. Board of Directors Current
United Egg Producers Director Current
Mississippi Poultry Association, Inc Director Current
Eggland's Best, Inc. Director Current
Cal-Maine Foods, Inc. Vice President Former
United Egg Producers Chairman Former
United Egg Producers member Former

Richard K. Looper served as President and Chief Operating Officer of the Company from 1983 to January 1997. Previously, he had served as Executive Vice President of the Company since 1982 and was originally employed by the Company in 1974. Mr. Looper is a past chairman of the American Egg Board and U.S. Egg Marketers, Inc. He has served as a director of the Company since 1982.

Organization Position Status
Cal-Maine Foods, Inc. President and Chief Operating Officer Current
Cal-Maine Foods, Inc. Vice Chairman of the Board of Directors Current
U.S. Securities and Exchange Commission Former
Cal-Maine Foods, Inc. Board of Directors Former

Timothy A. Dawson was elected as Vice President, Chief Financial Officer on August 1, 2005. Previously, he served as Senior Vice President and Chief Financial Officer for Mississippi Chemical Corporation, where he was employed in various financial positions from 1981 to 2005. He was elected as a director in October, 2005.

Organization Position Status
Cal-Maine Foods, Inc. Vice President, Chief Financial Officer, Treasurer, Secretary and Director Current
Cal-Maine Foods, Inc. Board of Directors Current

Organization Position Status
Cal-Maine Foods, Inc. Vice President, Operations Current

Organization Position Status
Cal-Maine Foods, Inc. Vice President Current
Cal-Maine Foods, Inc. Controller Current
Cal-Maine Foods, Inc. Principal Accounting Officer Current
Cal-Maine Foods, Inc. Director Current

Organization Position Status
Cal-Maine Foods, Inc. Vice President Current

Organization Position Status
Cal-Maine Foods, Inc. Vice President, Operations Current

Organization Position Status
Cal-Maine Foods, Inc. Vice President Operations, Production Current

Organization Position Status
Cal-Maine Foods, Inc. Vice President, Sales Current
Cal-Maine Foods, Inc. Sales Executive Former

Organization Position Status
Cal-Maine Foods, Inc. Vice President Current

Organization Position Status
Cal-Maine Foods, Inc. Vice President, Sales Current

Organization Position Status
Cal-Maine Foods, Inc. Vice President, Sales Current
Cal-Maine Foods, Inc. Board of Directors Current

Organization Position Status
Cal-Maine Foods, Inc. Vice President, Egg Sales Current
Cal-Maine Foods, Inc. Board of Directors Current

Organization Position Status
Cal-Maine Foods, Inc. Vice President, Operations Current
Cal-Maine Foods, Inc. Board of Directors Current

Organization Position Status
Cal-Maine Foods, Inc. Vice President, Operations Current

Jerry Straughan, general manager of Cal-Maine Foods of Shady Dale, Ga., has been elected to serve another term as chairman of the Georgia Egg Commission's board of directors. James Brock, president of Crystal Farms in Chestnut Mountain, will serve as vice chairman. (Posted 3/12/07.)

Organization Position Status
U.S. Poultry & Egg Association Inc. General Manager of Cal, Maine Foods Current
Cal-Maine Foods, Inc. General Manager Current

Organization Position Status
Cal-Maine Foods, Inc. Director Current
Cal-Maine Foods, Inc. Director Former

Organization Position Status
Cal-Maine Foods, Inc. General Counsel Current

Letitia C. Hughes was elected as a director of the Company in July of 2001. Since 1974 Ms. Hughes has been associated with Trustmark National Bank, Jackson, Mississippi, in managerial positions. She is presently serving as Senior Vice-President, Manager, Private Banking. Mr. Baker is a director of Trustmark Corporation, the parent of Trustmark National Bank.

Organization Position Status
Private Banking Senior Vice President, Manager Current
Cal-Maine Foods, Inc. Audit Committee Chairperson Current
Cal-Maine Foods, Inc. Board of Directors Current
Trustmark National Bank Senior Vice President, Private Banking Former
Trustmark National Bank Managerial Positions Former

James E. Poole was elected a director in October 2004. A member of the American Institute of Certified Public Accountants, Mr. Poole is a founding partner of Grantham Poole CPA firm in Jackson, MS. He has owned businesses in real estate development and mortgage banking, as well as oil and gas exploration.

Organization Position Status
Poole & Co Llp Principal Current
Cal-Maine Foods, Inc. Board of Directors Current
American Institute of Certified Public Accountants Member Current

R. Faser Triplett, M.D. , has served as a director of our company since September 1996. Dr. Triplett is a retired physician and a Clinical Assistant Professor at the University of Mississippi School of Medicine. He is the majority owner of Avanti Travel, Inc.

Organization Position Status
Avanti Travel Owner Current
University of Mississippi School of Medicine Physician Current
Cal-Maine Foods, Inc. Board of Directors Current

Mr. Sanders has served as a director of the Company since July 23, 2009. He is a Certified Public Accountant and is a Lecturer at the Adkerson School of Accountancy, Mississippi State University, where he has taught accounting and auditing courses since May 2003. He retired as the managing partner of the Jackson, Mississippi office of Ernst & Young LLP, certified public accountants, after over 30 years with that firm. He is a director of Valley Services, Inc., a privately-held food services company.

Organization Position Status
Mississippi State University Lecturer Current
Cal-Maine Foods, Inc. Board of Directors Current

Executive News

  • Cal-Maine reports fourth quarter results

    Poultry and Egg News - 8/10/09 - View Story

advertisement
     CALM $28.49 0.00 (0.00% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 179,672
Shares Outstanding 21.41M
Market Cap 609.9M
Year High 31.68
Year Low 17.01
Earnings Per Share 2.70
P/E Ratio 10.55
Dividend 0.58
Yield 2.02
IndustryTop Rated

Brought to you by CBS MoneyWatch.com

advertisement
Presented by American Express