Business Context and Reporting Period
This Form 8-K is a current report filed by cbdMD, Inc. on August 14, 2020. The company is incorporated in North Carolina and is designated as an emerging growth company. The report discloses a specific corporate event regarding its preferred stockholders.
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 Type: Monthly cash dividend on 8.0% Series A Cumulative Convertible Preferred Stock.
- Dividend Amount: $0.0667 per share.
- Record Date: September 1, 2020.
- Payment Date: September 15, 2020.
Material Changes
The material change reported is the declaration of the dividend on August 5, 2020, for the Series A Convertible Preferred Stock. No other material changes to operations, assets, or liabilities are detailed in this specific filing.
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. The document is strictly a notification of the dividend event.
Investor Verification Checklist
- Verify the number of outstanding shares of 8.0% Series A Cumulative Convertible Preferred Stock to calculate the total cash outflow for the dividend.
- Confirm the company's cash position in the most recent 10-Q or 10-K to assess liquidity impact of the September 15, 2020 payment.
- Check for any subsequent filings regarding the actual payment of the dividend on the scheduled date.