Cal-Maine Foods ups revolving credit facility to $250M; names new principal accounting officer

CAL-MAINE FOODS INC

New $250M secured revolving credit facility, maturing Nov 2026, with accordion feature up to $200M additional.
No amounts drawn under the facility as of Nov 18, 2021; $4.1M in standby letters of credit issued.
Michael Castleberry, principal accounting officer, to retire; Matthew Glover appointed VP-Accounting and principal accounting officer effective Nov 29, 2021.
Jia Scott named VP-Treasury; Rhonda Whiteman promoted to VP-Operational Accounting, both effective Nov 29, 2021.
Financial covenants require max 50% debt-to-capitalization and minimum tangible net worth of $700M plus 50% of net income.

item 1.01 item 2.03 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Matthew S. Glover

Vice President – Accounting and principal accounting officer

CALM · CAL-MAINE FOODS INC

Effective: 2021-11-29
Filed: November 19, 2021, 6:59 PM ET

Effective November 29, 2021, Matthew S. Glover has been appointed Vice President – Accounting of the Company and will assume the role of principal accounting officer.

Departed

Michael D. (Mike) Castleberry

Vice President and Controller and principal accounting officer

CALM · CAL-MAINE FOODS INC

Effective: 2021-11-29
Successor: Matthew S. Glover
Filed: November 19, 2021, 6:59 PM ET

Michael D. (Mike) Castleberry, Vice President and Controller and the Company’s principal accounting officer, will retire from Cal-Maine Foods effective early January 2022 and will no longer serve as the principal accounting officer effective November 29, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew S. Glover was appointed as Vice President – Accounting and principal accounting officer at CAL-MAINE FOODS INC.

Action: appointed
Role: Vice President – Accounting and principal accounting officer

Exact text from the filing

Effective November 29, 2021, Matthew S. Glover has been appointed Vice President – Accounting of the Company and will assume the role of principal accounting officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael D. (Mike) Castleberry departed as Vice President and Controller and principal accounting officer at CAL-MAINE FOODS INC.

Action: retire
Role: Vice President and Controller and principal accounting officer

Exact text from the filing

Michael D. (Mike) Castleberry, Vice President and Controller and the Company’s principal accounting officer, will retire from Cal-Maine Foods effective early January 2022 and will no longer serve as the principal accounting officer effective November 29, 2021.

View on SEC.gov

CAL-MAINE FOODS INC filing history →

Source: SEC EDGAR

accession 0001562762-21-000470

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.