cbdMD, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by cbdMD, Inc. on April 15, 2021, covering events occurring on April 13, 2021. The company is an emerging growth company incorporated in North Carolina, with its principal executive offices in Charlotte, NC. Its securities trade on the NYSE American under the symbols YCBD (Common Stock) and YCBDpA (8.0% Series A Cumulative Convertible Preferred Stock).
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is limited to the declaration of a specific dividend payment.
Material Changes
The primary event reported is the declaration of a monthly cash dividend for holders of the 8.0% Series A Cumulative Convertible Preferred Stock. No other material changes to the company's financial position or operations are disclosed in this report.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the standard disclosure of the dividend event.
Investor Verification Checklist
- Dividend Amount: Verify the declared dividend of $0.0667 per share for the Series A Convertible Preferred Stock.
- Payment Date: Confirm the payment date of May 17, 2021.
- Record Date: Confirm the record date of May 1, 2021, to determine eligibility for the dividend.
- Stock Class: Ensure the dividend applies only to the 8.0% Series A Cumulative Convertible Preferred Stock (YCBDpA) and not the common stock (YCBD).