---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-004179"
form_type: "8-K"
ticker: "YCBD"
cik: "0001644903"
company_name: "cbdMD, Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:59:07.257758+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# cbdMD annual meeting elects directors, authorizes reverse split; appoints new Chairman, President, CFO

## Summary
- Shareholders elected four directors: Bakari Sellers, William F. Raines III, Scott G. Stephen, Dr. Sibyl Swift; ratified Cherry Bekaert as auditor.
- Approved reverse stock split authorization (1:20 to 1:50 ratio, board discretion, within one year).
- Board appointed Scott Stephen as Chairman, Kevin MacDermott as President, T. Ronan Kennedy as CFO/COO/Secretary/Treasurer.
- Independent chairman to receive additional $22,500 annual fee.

## SEC filing metadata
- accession: 0001437749-23-004179
- form_type: 8-K
- ticker: YCBD
- cik: 0001644903
- company_name: cbdMD, Inc.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.07, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1644903/000143774923004179/0001437749-23-004179-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1644903/000143774923004179/ycbd20230220_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-004179
- JSON: https://secwatch.observer/filing/0001437749-23-004179.json
- Plain text: https://secwatch.observer/filing/0001437749-23-004179.txt

## Key facts
- Shareholder Votes
  cbdMD, Inc. shareholders approved Ratification of Cherry Bekaert LLP as independent registered public accounting firm at the 2023-02-16 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-02-16
  source text: Proposal 2: The appointment of Cherry Bekaert LLP as our independent registered public accounting firm was ratified, based upon the following final tabulation of votes: “For ” “Against ” “Abstain ” 29,188,087 80,516 694,108
  evidence_url: https://www.sec.gov/Archives/edgar/data/1644903/000143774923004179/0001437749-23-004179-index.htm
- Shareholder Votes
  cbdMD, Inc. shareholders approved Amendment to Articles of Incorporation to effect a reverse stock split at a ratio ranging from 1:20 to 1:50 at the 2023-02-16 meeting.
  - Proposal: reverse split
  - Outcome: passed
  - Meeting: 2023-02-16
  source text: Proposal 3: The amendment to our Articles of Incorporation, as amended, at the discretion of the board of directors, to effect a reverse stock split of our issued and outstanding shares of common stock, at a specific ratio, ranging from one-for-twenty (1:20) to one-for-fifty (1:50), at any time prior to the one-year anniversary date of the annual meeting, with the exact ratio to be determined by the board was approved, based upon the following final tabulation of votes: “For ” “Against ” “Abstain ” 26,518,758 3,437,896 6,057
  evidence_url: https://www.sec.gov/Archives/edgar/data/1644903/000143774923004179/0001437749-23-004179-index.htm
- Shareholder Votes
  cbdMD, Inc. shareholders approved Election of Directors at the 2023-02-16 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-02-16
  source text: Proposal 1: The following directors were elected at the 2023 annual meeting of shareholders to hold office until the 2024 annual meeting of shareholders or their earlier resignation, removal or death: Directors “For ” “Against ” Broker Non-Votes Bakari Sellers 26,273,192 3,119,747 569,772 William F. Raines, III 26,321,975 3,070,914 569,772 Scott G. Stephen 26,195,800 3,197,089 569,772 Dr. Sibyl Swift 26,887,466 2,505,473 569,772
  evidence_url: https://www.sec.gov/Archives/edgar/data/1644903/000143774923004179/0001437749-23-004179-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.