---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-024369"
form_type: "8-K"
ticker: "YCBD"
cik: "0001644903"
company_name: "cbdMD, Inc."
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:37:37.938045+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# cbdMD suspends Series A Preferred dividend, proposes mandatory conversion to common shares

## Summary
- Monthly cash dividend on 8% Series A Preferred suspended starting Aug 31, 2023 to conserve cash.
- Unpaid dividends accumulate; after 12 months of non-payment, preferred holders can elect two additional directors.
- Board proposes converting each Series A Preferred share into 3 common shares; special meeting vote on Sept 22, 2023.
- Amendment requires majority of common and 2/3 of preferred votes; if passed, preferred rights and accrued dividends are forfeited.
- Suspension may limit ability to raise capital under existing Form S-3 registration statement.

## SEC filing metadata
- accession: 0001437749-23-024369
- form_type: 8-K
- ticker: YCBD
- cik: 0001644903
- company_name: cbdMD, Inc.
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: dividend
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1644903/000143774923024369/0001437749-23-024369-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1644903/000143774923024369/ycbd20230821_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-024369
- JSON: https://secwatch.observer/filing/0001437749-23-024369.json
- Plain text: https://secwatch.observer/filing/0001437749-23-024369.txt

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