Business Context and Reporting Period
This Form 8-K is a current report filed by cbdMD, Inc. on June 15, 2022. The company is incorporated in North Carolina and is classified as an emerging growth company. The report addresses a specific corporate event regarding its preferred stockholders.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only financial data provided relates to a dividend declaration:
- Dividend Amount: $0.0667 per share.
- Security: 8.0% Series A Cumulative Convertible Preferred Stock.
- Record Date: July 1, 2022.
- Payment Date: July 15, 2022.
Material Changes
The filing reports the declaration of a monthly cash dividend. No material changes to the company's operations, financial position, 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, or discussion of risks and contingencies. The document is strictly a notification of the dividend event under Item 8.01 (Other Events).
Investor Verification Checklist
- Verify the number of outstanding shares of 8.0% Series A Cumulative Convertible Preferred Stock to calculate total dividend liability.
- Confirm the company's cash position in its most recent 10-Q or 10-K to assess liquidity for the July 15, 2022 payment.
- Check for any subsequent filings regarding the actual payment of the dividend.