Business Context and Reporting Period
This Form 8-K Current Report was filed by cbdMD, Inc. on January 20, 2023. The company is incorporated in North Carolina and is designated as an emerging growth company. The report addresses 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: 8.0% Series A Cumulative Convertible Preferred Stock (Symbol: YCBDpA).
- Record Date: February 1, 2023.
- Payment Date: February 15, 2023.
Material Changes
The filing reports the declaration of a monthly cash dividend for the Series A Convertible Preferred Stock. No other material changes to the company's financial condition or operations are disclosed in this 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.
Investor Verification Checklist
- Verify the record date of February 1, 2023, to confirm eligibility for the $0.0667 per share dividend.
- Confirm the payment date of February 15, 2023, for cash flow planning.
- Review the terms of the 8.0% Series A Cumulative Convertible Preferred Stock to understand conversion rights and cumulative dividend obligations.