Cal-Maine Foods discloses $50 million buyback alongside founder family's share sale
Selling stockholders, including four daughters of the late founder Fred R. Adams Jr. and Board Chair Adolphus B. Baker, sold 2,978,740 shares in an underwritten offering at $92.75 per share, completed April 17, 2025. The company sold no shares and received no offering proceeds, but it separately repurchased 551,876 of the shares from the sellers for approximately $50 million under its $500 million share repurchase program, leaving about $450 million remaining under that program.
Key points
- Selling stockholders sold 2,978,740 shares at a public offering price of $92.75 per share; the sale was completed April 17, 2025.
- The company did not sell any shares in the offering and received no proceeds from it.
- The company repurchased 551,876 shares from the selling stockholders at $90.60 per share, for a total of approximately $50 million.
- The repurchase was made under a $500 million program approved February 25, 2025; about $450 million remains.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 17, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.