cbdMD, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by cbdMD, Inc. on November 16, 2022. 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 specific corporate event regarding preferred stock dividends.
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 of 8.0% Series A Cumulative Convertible Preferred Stock.
- Record Date: December 1, 2022.
- Payment Date: December 15, 2022.
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.
Outlook, Risks, and Management Commentary
Management commentary is limited to the formal declaration of the dividend. The filing does not contain forward-looking guidance, updated risk factors, or discussion of contingencies beyond the scheduled dividend payment.
Key Facts for Investor Verification
- Verify the record date (December 1, 2022) to determine eligibility for the $0.0667 per share dividend.
- Confirm the payment date of December 15, 2022, for cash flow planning.
- Note that this filing does not contain updated revenue or earnings data; refer to the most recent 10-Q or 10-K for operational performance.