Cal-Maine Foods, Inc. (NASDAQ: CALM), the largest egg company in the United States, announced the appointment of Dudley D. Wooley as an independent Class III director on March 31, 2026. Mr. Wooley will serve until the company's 2027 annual meeting of stockholders and will join the Board's Compensation, Audit, and Nominating and Corporate Governance Committees. The Board has determined that Mr. Wooley is independent according to Nasdaq's Listing Standards. He will be compensated in accordance with the company's non-employee director compensation program, which includes an annual fee of $45,000, paid in quarterly installments. Additionally, the Compensation Committee approved a grant of restricted stock awards valued at $100,000, which will vest fully on January 12, 2029. This strategic appointment is expected to enhance the Board's depth of expertise as Cal-Maine continues to execute its long-term growth strategy. Mr. Wooley brings extensive leadership experience in risk management, business strategy, and governance, which aligns well with the company's objectives. His current role as CEO of Ross & Yerger Insurance, Inc. further complements his qualifications, as he has over three decades of experience in shaping the firm's growth and strategic direction. The company expressed its appreciation for the service of the late Jim Poole, who Mr. Wooley succeeds on the Board. This leadership change is viewed positively, as it is expected to contribute to the company's ongoing evolution and operational excellence.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.