---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-23-000134"
form_type: "8-K"
ticker: "CALM"
cik: "0000016160"
company_name: "CAL-MAINE FOODS INC"
filed_at: "2023-03-27T23:59:59+00:00"
generated_at: "2026-06-17T15:00:45.138187+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Cal-Maine Foods appoints Todd Walters COO, Matt Whiteman VP Operations; adopts executive retirement plans

## Summary
- Todd Walters named COO effective March 27, 2023; base salary $229,341, eligible for bonus and LTIP.
- Matt Whiteman promoted to VP Operations; previously General Manager of Waelder, Texas operations.
- Company adopted SERP providing $500,000 retirement benefit (10 annual $50k payments) for CEO, CFO, General Counsel.
- Split Dollar Life Insurance Plan provides $500,000 pre-retirement death benefit for the same three executives.
- SERP vests over 5 years at 20% per year; accelerated on disability, age 65, or change in control.

## SEC filing metadata
- accession: 0001562762-23-000134
- form_type: 8-K
- ticker: CALM
- cik: 0000016160
- company_name: CAL-MAINE FOODS INC
- filed_at: 2023-03-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16160/000156276223000134/0001562762-23-000134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16160/000156276223000134/calm8k20230327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-23-000134
- JSON: https://secwatch.observer/filing/0001562762-23-000134.json
- Plain text: https://secwatch.observer/filing/0001562762-23-000134.txt

## Key facts
- Executive change
  Todd Walters was appointed as Chief Operating Officer at CAL-MAINE FOODS INC.
  - Action: appointed
  - Role: Chief Operating Officer
  source text: On March 27, 2023, Cal-Maine Foods, Inc. (the “Company”) issued a press release announcing that Todd Walters, Vice President, Operations, has been appointed Chief Operating Officer effective March 27, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/16160/000156276223000134/0001562762-23-000134-index.htm

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