Cal-Maine Foods' founder family sells 2.98M shares in secondary; company repurchases $50M concurrently

CAL-MAINE FOODS INC

2,978,740 shares sold by four daughters of late founder and board chair at $92.75/share; company received $0 proceeds.
Company repurchased 551,876 shares at $90.60/share from those selling stockholders (~$50M total).
Repurchase drawn from $500M program approved Feb 2025; ~$450M remains under the program.
Special committee of independent directors approved both the secondary offering and the share repurchase.

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