Business Context and Reporting Period
This Form 8-K is a current report filed by cbdMD, Inc. on February 15, 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
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The sole financial disclosure relates to a dividend declaration:
- Dividend Amount: $0.0667 per share.
- Security Class: 8.0% Series A Cumulative Convertible Preferred Stock.
- Record Date: March 1, 2022.
- Payment Date: March 15, 2022.
Material Changes
The filing does not provide comparative financial data or discuss material changes in operating results versus prior periods. The only reported event is the declaration of the monthly cash dividend for the Series A Preferred Stock.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is a procedural announcement regarding the dividend payment schedule.
Investor Verification Checklist
- Verify the record date of March 1, 2022, to confirm eligibility for the $0.0667 per share dividend.
- Confirm the payment date of March 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.
- Note that this filing does not contain updated financial performance data; refer to the most recent 10-Q or 10-K for operational metrics.