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Cal-Maine Foods Updates Credit Agreement and Governance

Story Highlights
  • Cal-Maine Foods amended its Credit Agreement to redefine ‘Change of Control’ terms.
  • The company executed Indemnification Agreements to protect directors and officers from liabilities.
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Cal-Maine Foods Updates Credit Agreement and Governance

The latest update is out from Cal-Maine Foods ( (CALM) ).

On March 25, 2025, Cal-Maine Foods, Inc. entered into a Second Amendment to its Amended and Restated Credit Agreement, which redefines the ‘Change of Control’ terms to accommodate the potential conversion of Class A Common Stock into Common Stock. This amendment aims to prevent a default event under the Credit Agreement, ensuring operational stability. Additionally, the company executed Indemnification Agreements with its directors and certain officers to protect them against personal liabilities, encouraging the retention of skilled personnel. These agreements are part of broader corporate governance enhancements, including the adoption of new charters for various committees and the appointment of a lead independent director, which collectively aim to strengthen the company’s governance framework.

More about Cal-Maine Foods

Cal-Maine Foods, Inc. is a leading producer and distributor of fresh shell eggs in the United States. The company focuses on providing high-quality eggs and related products to a wide range of customers, including retail and foodservice sectors.

YTD Price Performance: -8.61%

Average Trading Volume: 974,212

Technical Sentiment Signal: Sell

Current Market Cap: $4.55B

For an in-depth examination of CALM stock, go to TipRanks’ Stock Analysis page.

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