8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM

8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act

Date of Report (Date of Earliest Event Reported):

September 28, 2023

Cal-Maine Foods, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-38695

64-0500378

(State or other jurisdiction of

incorporation)

(Commission File Number)

(IRS Employer Identification No.) 

1052 Highland Colony Pkwy

,

Suite 200

,

Ridgeland

,

MS

39157

(Address of principal executive offices (zip code))

601

-

948-6813

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the

registrant under any of the following provisions (see General Instruction A.2 below):

☐

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 

☐

 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value per share

CALM

The

NASDAQ

 Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of

1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period

for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange

Act.

☐

Item 8.01. Other Events

On September 28, 2023, Cal-Maine Foods, Inc. (the “Company”) issued a press release announcing it had reached a definitive

agreement to acquire substantially all of the assets of Fassio Egg Farms, Inc., relating to its commercial shell egg production

and processing business. A copy of the Company’s press release is attached hereto as Exhibit 99.1 to this Current Report.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit

Number

Description

99.1

Press Release issued by the Company on September 28, 2023

104

Cover Page Interactive Data File, (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements for the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on

its behalf by the undersigned hereunto duly authorized.

CAL-MAINE FOODS, INC.

Date:

September 28, 2023

By: 

/s/ Max P. Bowman

Max P. Bowman 

Director, Vice President, and Chief Financial Officer

EX-99.1

Exhibit 99.1

-MORE-

Contacts:

Sherman Miller, President and CEO

Max P. Bowman, Vice President and CFO

(601) 948-6813

Cal-Maine Foods, INC. ANNOUNCES DEFINITIVE AGREEMENT TO

ACQUIRE EGG PRODUCTION ASSETS OF FASSIO EGG FARMS, INC.

RIDGELAND, Miss. (September 28, 2023) - Cal-Maine Foods, Inc. (NASDAQ: CALM) (“Cal-Maine Foods”

or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today

announced a definitive agreement to acquire substantially all the assets of Fassio Egg Farms, Inc.

(“Fassio”), related to its commercial shell egg production and processing business. The assets to be

acquired, subject to the completion of this transaction, include commercial shell egg production and

processing facilities with current capacity of approximately 1.2 million laying hens, primarily cage-free,

feed mill, pullets, fertilizer production and composting operation and land located in Erda, Utah, outside

Salt Lake City. The Company expects to close the transaction in the next few weeks, subject to customary

closing conditions. 

Commenting on the announcement, Sherman Miller, president and chief executive officer of Cal-

Maine Foods, Inc., stated, “We are excited about the opportunity to expand our market presence in Utah

and the western United States with the proposed acquisition of these assets from Fassio. The additional

production capacity, especially for cage-free eggs, will enhance our ability to serve our valued customers in

this important market area. Fassio has been a leader in the egg production business since 1915 and enjoys

a solid reputation in the community. We look forward to working with the Fassio team as we extend our

market reach and deliver greater value to both our customers and shareholders.”

About Cal-Maine Foods

Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packaging, marketing and

distribution of fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-

raised and nutritionally enhanced eggs. The Company, which is headquartered in Ridgeland, Mississippi,

is the largest producer and distributor of fresh shell eggs in the United States and sells the majority of its

shell eggs in states across the southwestern, southeastern, mid-western and mid-Atlantic regions of the

United States.

Forward Looking Statements

Statements contained in this press release that are not historical facts are forward-looking

statements as that term is defined in the Private Securities Litigation Reform Act of 1995. The forward-

looking statements are based on management’s current intent, belief, expectations, estimates and

projections regarding our company and our industry. These statements are not guarantees of future

performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict

and may be beyond our control. The factors that could cause actual results to differ materially from those

projected in the forward-looking statements include, among others, (i) the risk factors set forth in the

Company’s SEC filings (including its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and

Current Reports on Form 8-K), (ii) the risks and hazards inherent in the shell egg business (including

disease, pests, weather conditions and potential for recall), including but not limited to the most recent

outbreak of highly pathogenic avian influenza affecting poultry in the U.S., Canada and other countries

that was first detected in commercial flocks in the U.S. in February 2022, (iii) changes in the demand for

and market prices of shell eggs and feed costs, (iv) our ability to predict and meet demand for cage-free

and other specialty eggs, (v) risks, changes or obligations that could result from our future acquisition of

new flocks or businesses and risks or changes that may cause conditions to completing a pending

acquisition not to be met, (vi) risks relating to increased costs and higher and potentially further increases

in inflation and interest rates, which began in response to market conditions caused in part by the COVID-

19 pandemic and which generally have been exacerbated by the Russia-Ukraine war that began in

Cal-Maine Foods, Inc. Announces Definitive Agreement to Acquire Egg Production Assets of Fassio Egg Farms, Inc. 

Page 2

September 28, 2023

February 2022, (vii) our ability to retain existing customers, acquire new customers and grow our

product mix, and (viii) adverse results in pending litigation matters. SEC filings may be obtained from

the SEC or the Company’s website, www.calmainefoods.com. Readers are cautioned not to place undue

reliance on forward-looking statements because, while we believe the assumptions on which the forward-

looking statements are based are reasonable, there can be no assurance that these forward-looking

statements will prove to be accurate. Further, the forward-looking statements included herein are only

made as of the respective dates thereof, or if no date is stated, as of the date hereof. Except as otherwise

required by law, we disclaim any intent or obligation to publicly update these forward-looking

statements, whether as a result of new information, future events or otherwise.

-END-

XML

Document and Entity Information	Sep. 28, 2023
Cover [Abstract]
Document Type	8-K
Document Period End Date	Sep. 28, 2023
Entity Registrant Name	Cal-Maine Foods, Inc.
Entity File Number	001-38695
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	64-0500378
Entity Address Address Line 1	1052 Highland Colony Pkwy
Entity Address Address Line 2	Suite 200
Entity Address City Or Town	Ridgeland
Entity Address State Or Province	MS
Entity Address Postal Zip Code	39157
City Area Code	601
Local Phone Number	948-6813
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Entity Central Index Key	0000016160
Security 12b Title	Common Stock, $0.01 par value per share
Trading Symbol	CALM
Security Exchange Name	NASDAQ
Amendment Flag	false
Entity Emerging Growth Company	false