Business Context and Reporting Period
This Form 8-K is a current report filed by cbdMD, Inc. on May 16, 2022. The company is incorporated in North Carolina and trades on the NYSE American under the symbols YCBD (Common Stock) and YCBDpA (8.0% Series A Cumulative Convertible Preferred Stock). The filing is designated as an "Other Event" under Item 8.01.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial data disclosed relates to a dividend declaration:
- Dividend Amount: $0.0667 per share.
- Security Class: 8.0% Series A Cumulative Convertible Preferred Stock.
- Record Date: June 1, 2022.
- Payment Date: June 15, 2022.
Material Changes
The filing reports a routine corporate action regarding the declaration of a monthly cash dividend. No material changes to the company's financial position, operations, or capital structure are disclosed in this specific report.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. The document is strictly limited to the notification of the dividend payment schedule.
Investor Verification Checklist
- Verify the record date of June 1, 2022, to confirm eligibility for the $0.0667 per share dividend.
- Confirm the payment date of June 15, 2022, for cash flow planning.
- Review the terms of the 8.0% Series A Cumulative Convertible Preferred Stock to understand cumulative dividend obligations.
- Note that this filing does not contain updated revenue or earnings data; refer to the most recent 10-Q or 10-K for operational metrics.