---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-21-000470"
form_type: "8-K"
ticker: "CALM"
cik: "0000016160"
company_name: "CAL-MAINE FOODS INC"
filed_at: "2021-11-19T23:59:59+00:00"
generated_at: "2026-06-28T06:34:30.232330+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001562762-21-000470
- form_type: 8-K
- ticker: CALM
- cik: 0000016160
- company_name: CAL-MAINE FOODS INC
- filed_at: 2021-11-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16160/000156276221000470/0001562762-21-000470-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16160/000156276221000470/calm8k20210719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-21-000470
- JSON: https://secwatch.observer/filing/0001562762-21-000470.json
- Plain text: https://secwatch.observer/filing/0001562762-21-000470.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/16160/000156276221000470/0001562762-21-000470-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/16160/000156276221000470/0001562762-21-000470-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.