Cal-Maine eliminates dual-class stock structure; Daughters' LLC loses majority voting control

CAL-MAINE FOODS INC

All 4,800,000 Class A shares converted into Common shares on April 14, 2025, with one vote per share (down from ten).
Daughters' LLC and its members no longer hold majority voting power; company is no longer a Nasdaq 'controlled company'.
Authorized share count reduced by 4,800,000 due to retirement of Class A shares; economic rights unchanged.
Conversion was exempt from registration under Section 3(a)(9) of the Securities Act.

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