Business Context and Reporting Period
This Form 8-K Current Report was filed by cbdMD, Inc. on April 15, 2022. The registrant 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 company is designated as an emerging growth company.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The report is limited to a specific corporate action regarding preferred stock dividends.
Material Changes
The filing discloses the declaration of a monthly cash dividend for the 8.0% Series A Cumulative Convertible Preferred Stock. No other material changes to the company's financial position or operations are reported in this document.
Guidance, Outlook, and Management Commentary
There is no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies in this filing. The document strictly details the dividend declaration event.
Investor Verification Checklist
- Dividend Amount: Verify the declared dividend of $0.0667 per share of Series A Convertible Preferred Stock.
- Record Date: Confirm the record date of May 1, 2022 for eligibility.
- Payment Date: Confirm the payment date of May 16, 2022.
- Stock Class: Ensure the dividend applies only to the 8.0% Series A Cumulative Convertible Preferred Stock (YCBDpA) and not common stock.