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Sherman L. Miller received $1.7M in total compensation as President/CEO of CAL-MAINE FOODS INC in FY2025. The largest component was $457K in base salary. That’s up 53% from FY2024. Source: SEC DEF 14A.
In fiscal year 2025, Sherman L. Miller, President/CEO of CAL-MAINE FOODS INC (CALM), received total compensation of $1.7 million.
Sherman L. Miller's compensation breakdown includes: base salary of $457K, bonus of $875K, stock awards valued at $179K, and other compensation of $147K.
Compared to fiscal year 2024, Sherman L. Miller's total compensation increased 53% from $1.1 million to $1.7 million.
CAL-MAINE FOODS INC's top 5 named executive officers received combined total compensation of $6.4 million in fiscal year 2025.
The named executive officers disclosed in CAL-MAINE FOODS INC's 2025 proxy statement are:Sherman L. Miller (President/CEO) with total compensation of $1.7 million, Max P. Bowman (VP/) with total compensation of $1.4 million, Robert L. Holladay (Jr. VP/General) with total compensation of $1.1 million, Michael T. Walters (VP/COO) with total compensation of $1.1 million, and Adolphus B. Baker (Board Chair) with total compensation of $1.0 million.
Source Filing
Executive Record
Sherman L. Miller
President/CEO
Reported Pay
$1.7MSummary compensation table total · FY2025
Findings
Reviewing FY2025 compensation of $1.7M against -23% shareholder return and the latest filing-backed pay disclosures.
Reported pay changed +53%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for CALM.
Team view
5 executives
President/CEO
Total PayFY2025
$1.7M
VP/
Total PayFY2025
$1.4M
Jr. VP/General
Total PayFY2025
$1.1M
VP/COO
Total PayFY2025
$1.1M
Board Chair
Total PayFY2025
$1.0M
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01FY2025 total compensation breakdown
$1.7M total compensation
Sherman L. Miller earned $1.7M in FY2025— here's how that breaks down.
$874.9K
52% of total
$456.7K
27% of total
$179.4K
11% of total
$146.7K
9% of total
$35.1K
2% of total
Activity timeline · FY2025
Recent events from filings
Jan 14, 2025
Adolphus B. Baker stock (Grant FV $107,991)
Jan 14, 2025
Sherman L. Miller stock (Grant FV $179,361)
Jan 14, 2025
Max P. Bowman stock (Grant FV $137,243)
Jan 14, 2025
Robert L. Holladay stock (Grant FV $122,397)
Jan 14, 2025
Michael T. Walters stock (Grant FV $116,128)
Jan 14, 2025
Sherman L. Miller grant (stock)
$179.4K
A pay-performance summary will appear here once the verdict loads above.
02Pay changes vs. stock performance
1 year of data
Peer context
Dashed line marks the mid-cap median compensation benchmark for companies around $3.7B market cap, based on 463 peers in this size band.
03Recent insider trades by officers and directors
~24 trades
04Showing FY2024 data (latest available)
FY2026does not include director compensation in our current dataset, so we're showing the latest board table we found.
We're loading the latest director compensation and board makeup.
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06For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $0.46M | $0.87M | $0.18M | $0.00M | $0.18M | $1.69M | |
| 2024 | $0.41M | $0.37M | $0.16M | $0.00M | $0.17M | $1.11M | |
| 2023 | $0.37M | $0.49M | $0.15M | $0.00M | $0.14M | $1.15M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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CAL-MAINE FOODS INC (CALM) — Key Facts
Last updated Apr 21, 2026 · DEF 14A filed Aug 19, 2025
| CEO | Sherman L. Miller, President/CEO |
|---|---|
| Fiscal year | FY2025 |
| Total compensation | $1.7M |
| Base salary | $457K |
| Stock awards | $179K |
| Other compensation | $147K |
| Year-over-year change | +53% |
| Source | DEF 14A, 2025-08-19 |
Sherman L. Miller, the President/CEO of CAL-MAINE FOODS INC, received total compensation of $1.7 million in fiscal year 2025. This includes base salary of $456,731 and stock awards valued at $179,361.
Sherman L. Miller's base salary at CAL-MAINE FOODS INC is $456,731 per year as of fiscal year 2025. However, total compensation including stock awards, bonuses, and other benefits is $1.7 million.
CAL-MAINE FOODS INC's CEO, Sherman L. Miller, earned $1.7 million in total compensation for fiscal year 2025. The majority of this compensation comes from stock awards ($179,361) rather than base salary ($456,731).