Business Context and Reporting Period
This Form 8-K is a current report filed by cbdMD, Inc. on December 15, 2021. 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 filing is designated as an "Other Event" under Item 8.01.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The sole financial disclosure relates to a dividend declaration for preferred shareholders.
- Dividend Declaration: $0.0667 per share of 8.0% Series A Cumulative Convertible Preferred Stock.
- Record Date: January 1, 2022.
- Payment Date: January 14, 2022.
Material Changes
The filing does not disclose material changes to the company's financial position or operations compared to prior periods. It solely announces the routine monthly dividend obligation for the Series A Preferred Stock.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the standard disclosure of the dividend payment schedule.
Investor Verification Checklist
- Verify the record date (January 1, 2022) to confirm eligibility for the $0.0667 per share dividend.
- Confirm the payment date of January 14, 2022, 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.