Sherman L. Miller has been the President and CEO of Cal-Maine Foods since September 2022. He has been with the company since 1996, climbing the ranks over the years. His deep experience with operations is key to running one of...

Sherman L. Miller has been the President and CEO of Cal-Maine Foods since September 2022. He has been with the company since 1996, climbing the ranks over the years. His deep experience with operations is key to running one of America's largest producers and distributors of shell eggs. Before becoming CEO, Sherman was the Chief Operating Officer and played a significant role in the company's growth strategy. In 2023, his total compensation was reported at over $1.14 million, which included a substantial annual bonus of about $487,000 tied to the company’s profitability. It's worth noting that he has a long-term plan in place for restricted stock awards, scheduled to vest fully in 2027. His stock ownership aligns closely with his role, emphasizing a commitment to shareholders. During his time as CEO, he's shown a strong understanding of the chicken industry's dynamics and demonstrates a vision for sustainability and efficiency. His leadership is critical as Cal-Maine navigates the competitive landscape of food production.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Cal-Maine Foods CEOs

C

Sherman L. Miller

CEO of Cal-Maine Foods

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Consumer Defensive

Born

January 1, 1974 - 51 years ago

CEO of Cal-Maine Foods for

2 years 8 months (Sep 2022 - Present)

Previous Experience

President since 2018; Chief Operations Officer since 2011; member of the Board since 2012; served in various positions of increasing responsibility in operations since joining in 1996.

Rivals

Competitors/colleagues of Sherman L. Miller

Holdings

See how much did Sherman L. Miller make over time.

Sherman L. Miller's holdings in Cal-Maine Foods highlight his commitment to the company he has served for decades. As of 2023, Sherman has approximately 5,020 restricted shares granted in recent years, with a significant portion tied to future vesting scheduled...

Sherman L. Miller's holdings in Cal-Maine Foods highlight his commitment to the company he has served for decades. As of 2023, Sherman has approximately 5,020 restricted shares granted in recent years, with a significant portion tied to future vesting scheduled for January 2027. This reflects his long-term perspective on leadership and company performance. In 2022, he received 2,854 shares, and in 2023, an additional 2,886 shares were granted under the company's long-term incentive plan. The value of these stocks is notably increasing, aligning with the company’s growth trajectory. With the company being the largest shell egg producer in the U.S., Sherman’s financial interests are closely tied to the company’s success, demonstrating a window into his belief in the business’s future. This strategic positioning encourages a focus on driving profitability and operational excellence.

Mar 11, 2025

C

shares

CALM @ $87.01

Insider Trading

See recent insider trades of Sherman L. Miller.

CALM

1,631 shares

CALM

Jan 14, 2025

Received

CALM

2,886 shares

CALM

Jan 12, 2024

Received

CALM

2,854 shares

CALM

Jan 13, 2023

Received

CALM

2,487 shares

CALM

Jan 14, 2022

Received

CALM

2,620 shares

CALM

Jan 12, 2021

Received

CALM

$98.69K

CALM at $38.25/share

Jan 14, 2020

Received

CALM

2,292 shares

CALM

Jan 15, 2019

Received

CALM

2,165 shares

CALM

Jan 15, 2018

Received

CALM

2,165 shares

CALM

Jan 15, 2017

Received

CALM

2,000 shares

CALM

Jan 15, 2016

Received

Compensation History

See how much did Sherman L. Miller make over time.

In 2023, Sherman L. Miller's compensation totaled about $1.14 million, which includes a base salary of $370,826 and a performance-based bonus of $487,122. His bonus structure is designed to reward him for maximizing company performance, particularly focusing on profitability. Besides the cash compensation, Sherman has been granted restricted stock awards that will only vest after a set period, ensuring that he remains invested in the company’s future. The total compensation package also includes various other benefits amounting to $126,189, which covers contributions to retirement plans and other allowances. This detailed compensation plan reflects a broader philosophy to align executive pay with company performance and shareholder interests. It's a clear signal that the company values both short-term achievements and long-term commitments from its leaders.

Year

2023

Total Compensation

$984.14K

Salary

$370.83K

Board Justification

The compensation philosophy aims to attract and retain talent while aligning executive compensation with the Company's performance and shareholder interests.

Bonus

$487.12K

Board Justification

The annual cash bonus is a variable, at-risk component of compensation designed to reward officers for maximizing annual Company performance, with a focus on profitability.

Other

$126.19K

Board Justification

Includes contributions to the KSOP, housing allowance, and other perquisites.

Restricted Stock

$0.00(0 RSAs)

Board Justification

No stock awards vested in 2023 as the RSAs vest fully on the third anniversary of the date of grant, which is January 12, 2027.

Performance Metrics

The primary performance metrics include Company profitability and individual performance evaluations.

Other Cal-Maine Foods CEOs

Here are other CEOs of Cal-Maine Foods

Adolphus B. Baker

Ex-CEO of Cal-Maine Foods

October 2010 - September 2022