secwatch.observer — SEC 8-K summary
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Issuer:     CAL-MAINE FOODS INC (CALM)
CIK:        0000016160
Form:       8-K
Filed at:   2021-11-19T23:59:59+00:00
Accession:  0001562762-21-000470
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16160/000156276221000470/0001562762-21-000470-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16160/000156276221000470/calm8k20210719.htm
  HTML page:      https://secwatch.observer/filing/0001562762-21-000470

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