cbdMD, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by cbdMD, Inc. on January 15, 2020. 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 report addresses a corporate event occurring on January 14, 2020.
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: February 1, 2021.
- Payment Date: February 15, 2021.
Material Changes
The filing reports the declaration of a monthly cash dividend for the Series A Convertible Preferred Stock. No other material changes to operations, financial condition, or capital structure are disclosed in this document.
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.
Key Facts for Investor Verification
- Verify the record date (February 1, 2021) and payment date (February 15, 2021) for the $0.0667 per share dividend on Series A Preferred Stock.
- Confirm the total number of outstanding Series A shares to calculate the aggregate dividend liability.
- Note the discrepancy between the filing date (January 15, 2020) and the dividend payment date (February 15, 2021) as stated in the text.