cbdMD, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by cbdMD, Inc. on October 23, 2019. The company is incorporated in North Carolina and is designated as an emerging growth company. The report addresses a specific corporate event regarding its capital structure rather than a standard financial reporting period.
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.
- Security Class: 8.0% Series A Cumulative Convertible Preferred Stock (Trading Symbol: YCBD PR A).
- Record Date: November 1, 2019.
- Payment Date: November 15, 2019.
Material Changes
The material change reported is the declaration of a monthly cash dividend for holders of the Series A Convertible Preferred Stock. No other material changes to operations, assets, or liabilities are disclosed in this specific filing.
Guidance, Outlook, and Risks
This filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. The document strictly reports the dividend event and includes a press release as an exhibit.
Investor Verification Checklist
- Verify the record date (November 1, 2019) to confirm eligibility for the $0.0667 per share dividend.
- Confirm the payment date of November 15, 2019, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the dividend declaration.
- Note that this filing does not contain updated revenue or earnings data; refer to the most recent 10-Q or 10-K for operational metrics.