Business Context and Reporting Period
This Form 8-K is a current report filed by cbdMD, Inc. on October 14, 2021. The company is incorporated in North Carolina and is designated as an emerging growth company. The filing reports 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 disclosed relates to a dividend declaration:
- Dividend Amount: $0.0667 per share.
- Security Class: 8.0% Series A Cumulative Convertible Preferred Stock (Trading Symbol: YCBDpA).
- Record Date: November 1, 2021.
- Payment Date: November 15, 2021.
Material Changes
The filing reports the declaration of a monthly cash dividend. As this is a routine periodic event for cumulative preferred stock, no material changes to the company's operational status or financial position relative to the prior period are disclosed in this specific document.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the standard obligation to pay the declared dividend. The document is strictly a notification of the dividend event under Item 8.01 (Other Events).
Investor Verification Checklist
- Verify the record date (November 1, 2021) to confirm eligibility for the $0.0667 per share dividend.
- Confirm the payment date of November 15, 2021, for cash flow planning.
- Review the company's most recent 10-Q or 10-K for comprehensive liquidity and debt metrics, as they are not included in this 8-K.