Business Context and Reporting Period
This Form 8-K Current Report was filed by cbdMD, Inc. on July 18, 2022. The company is incorporated in North Carolina and its common stock (YCBD) and 8.0% Series A Cumulative Convertible Preferred Stock (YCBDpA) trade on the NYSE American. The filing reports a specific corporate event under Item 8.01 (Other Events).
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only financial data disclosed relates to a dividend declaration:
- Dividend Amount: $0.0667 per share.
- Security Type: 8.0% Series A Cumulative Convertible Preferred Stock.
- Record Date: August 1, 2022.
- Payment Date: August 15, 2022.
Material Changes
The filing does not report material changes in revenue, operations, or financial position compared to prior periods. The sole material event is the declaration of the monthly cash dividend for the preferred stockholders.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the standard disclosure of the dividend obligation.
Investor Verification Checklist
- Verify the record date (August 1, 2022) to confirm eligibility for the $0.0667 per share dividend.
- Confirm the payment date of August 15, 2022, for cash flow planning.
- Review the terms of the 8.0% Series A Cumulative Convertible Preferred Stock to understand conversion rights and cumulative dividend obligations.