---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-036497"
form_type: "8-K"
ticker: "YCBD"
cik: "0001644903"
company_name: "cbdMD, Inc."
filed_at: "2025-11-28T23:59:59+00:00"
generated_at: "2026-05-16T16:08:55.184985+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# cbdMD enters new 3-year CEO employment agreement with $340k base salary, 445k restricted share award subject to approval

## Summary
- CEO/CFO T. Ronan Kennedy signs 3-year term; base salary of $340,000 per year.
- Granted 445,000 restricted shares under new 2025 Equity Plan; vesting conditioned on shareholder approval.
- Board approved 2025 Equity Compensation Plan reserving 891,316 shares, with evergreen formula up to 2% annually.
- Quarterly performance bonus target up to $140k annually, with potential escalator to $175k based on positive EBITDA.
- Severance: if terminated without cause, receives base salary for balance of term (minimum 12 months) and full equity acceleration.

## SEC filing metadata
- accession: 0001437749-25-036497
- form_type: 8-K
- ticker: YCBD
- cik: 0001644903
- company_name: cbdMD, Inc.
- filed_at: 2025-11-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1644903/000143774925036497/0001437749-25-036497-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1644903/000143774925036497/ycbd20251128_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-036497
- JSON: https://secwatch.observer/filing/0001437749-25-036497.json
- Plain text: https://secwatch.observer/filing/0001437749-25-036497.txt

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