Business Context and Reporting Period
This Form 8-K Current Report was filed by cbdMD, Inc. on November 16, 2020. The company is incorporated in North Carolina and trades on the NYSE American under the symbols YCBD (Common Stock) and YCBD PR A (8.0% Series A Cumulative Convertible Preferred Stock). The filing identifies the registrant as an emerging growth company.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is limited to a specific corporate action regarding preferred stock dividends.
Material Changes
The material event reported is the declaration of a monthly cash dividend for holders of the 8.0% Series A Cumulative Convertible Preferred Stock.
- Dividend Amount: $0.0667 per share.
- Record Date: December 1, 2020.
- Payment Date: December 15, 2020.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies beyond the standard dividend declaration. No unusual items were reported.
Investor Verification Checklist
- Verify the record date of December 1, 2020, to confirm eligibility for the dividend.
- Confirm the payment date of December 15, 2020, for cash flow planning.
- Review the total number of outstanding Series A Convertible Preferred shares to calculate the aggregate dividend obligation.
- Check subsequent filings for confirmation of the dividend payment execution.