Business Context and Reporting Period
This Form 8-K Current Report was filed by cbdMD, Inc. on March 17, 2020, covering the event date of March 16, 2020. The company is incorporated in North Carolina and is designated as an emerging growth company. Its securities trade on the NYSE American under the symbols YCBD (Common Stock) and YCBD PR A (8.0% Series A Cumulative Convertible Preferred Stock).
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 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: April 1, 2020.
- Payment Date: April 15, 2020.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies beyond the dividend declaration. No unusual items were reported in this document.
Investor Verification Checklist
- Verify the record date of April 1, 2020, to confirm eligibility for the $0.0667 per share dividend.
- Confirm the payment date of April 15, 2020, 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.