Cal-Maine Foods: Pay

Cal-Maine Foods paid its 5 named executives $6.4M in total in FY2025 (May). CEO Sherman L. Miller was paid $1.7M of that.

Pay$100 in the stock at the end of FY18 → $210
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Sherman L. MillerPresident/CEO
FY2025 (May)
FY2024 (May)
FY2023 (May)
FY2022 (May)Not disclosed
FY2021 (May)Not disclosed
FY2020 (May)Not disclosed
FY2019 (May)Not disclosed
7 years
Max P. BowmanVP/ CFO/ Treasurer/ Secretary
FY2025 (May)
FY2024 (May)
FY2023 (May)
FY2022 (May)Not disclosed
FY2021 (May)
FY2020 (May)Not disclosed
FY2019 (May)Not disclosed
7 years
Robert L. Holladay, JrVP/General Counsel
FY2025 (May)
FY2024 (May)
FY2023 (May)
FY2022 (May)Not disclosed
FY2021 (May)Not disclosed
FY2020 (May)Not disclosed
FY2019 (May)Not disclosed
7 years
Michael T. WaltersVP/COO
FY2025 (May)
FY2024 (May)
FY2023 (May)
3 years
Adolphus B. BakerBoard Chair
FY2025 (May)
FY2024 (May)
FY2023 (May)
FY2022 (May)Not disclosed
FY2021 (May)
FY2020 (May)Not disclosed
FY2019 (May)Not disclosed
7 years

CEO pay against the pay peers

In FY2025 (May), the median CEO pay of the 3 peers with pay on file was $7.8M. The CEO of Cal-Maine Foods was paid $1.7M, 78% below the median.

  1. 1Darling Ingredients
  2. 2Flowers Foods
  3. 3Lamb Weston Holdings
  4. 4Cal-Maine Foods
  5. 5B&G Foods, Inc.Not disclosed
  6. 6Fresh Del Monte Produce Inc.Not disclosed
  7. 7J&J Snack Foods Corp.Not disclosed
  8. 8Lancaster Colony CorporationNot disclosed
  9. 9Post HoldingsNot disclosed
  10. 10Primo Water CorporationNot disclosed
  11. 11Seneca Foods CorporationNot disclosed
  12. 12The Boston Beer Company, Inc.Not disclosed
  13. 13The Hain Celestial Group, Inc.Not disclosed
  14. 14The Simply Good Foods CompanyNot disclosed
  15. 15Treehouse Foods, Inc.Not disclosed
  16. 16Utz Brands, Inc.Not disclosed
  17. 17Vital Farms, Inc.Not disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.