Business Context and Reporting Period
Company: cbdMD, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: June 15, 2020
Reporting Period: Specific event date of June 15, 2020.
Business Overview: The registrant is an emerging growth company incorporated in North Carolina, trading on the NYSE American under the symbols YCBD (Common Stock) and YCBD PR A (8.0% Series A Cumulative Convertible Preferred Stock).
Key Financial Metrics
This filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The report focuses exclusively on a specific corporate action regarding preferred stock dividends.
- Dividend Declaration: $0.0667 per share.
- Security Class: 8.0% Series A Cumulative Convertible Preferred Stock.
- Record Date: July 1, 2020.
- Payment Date: July 15, 2020.
Material Changes
The filing reports the declaration of a monthly cash dividend for the Series A Convertible Preferred Stock. No material changes to the company's financial position, operations, or capital structure other than this dividend obligation are disclosed in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies. The document is a routine notification of a dividend payment schedule.
Key Facts for Investor Verification
- Verify the number of Series A Convertible Preferred Stock shares outstanding to calculate the total cash outflow for the dividend.
- Confirm the record date of July 1, 2020, to determine eligibility for the dividend payment.
- Review the company's cash position in recent 10-Q or 10-K filings to assess the ability to fund the July 15, 2020 payment.
- Check for any subsequent filings regarding the actual payment of the dividend or changes to the preferred stock terms.