---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-007071"
form_type: "8-K"
ticker: "YCBD"
cik: "0001644903"
company_name: "cbdMD, Inc."
filed_at: "2022-05-17T23:59:59+00:00"
generated_at: "2026-06-25T12:08:26.062710+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# cbdMD co-CEO Scott Coffman retires; Kevin MacDermott named President

## Summary
- Scott Coffman retired as Co-CEO and President effective May 16, 2022; remains on board as vice-chairman.
- Martin Sumichrast continues as CEO and Chairman.
- Kevin MacDermott hired as President; base salary $285,000, increases to $350,000 upon first positive quarterly Adjusted EBITDA.
- MacDermott granted 125,000 restricted shares and options to purchase 405,000 shares at $0.84, vesting over three years.
- CFO T. Ronan Kennedy received a $100,000 performance bonus.

## SEC filing metadata
- accession: 0001654954-22-007071
- form_type: 8-K
- ticker: YCBD
- cik: 0001644903
- company_name: cbdMD, Inc.
- filed_at: 2022-05-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1644903/000165495422007071/0001654954-22-007071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1644903/000165495422007071/ycbd_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-007071
- JSON: https://secwatch.observer/filing/0001654954-22-007071.json
- Plain text: https://secwatch.observer/filing/0001654954-22-007071.txt

## Key facts
- Executive change
  Kevin MacDermott was appointed as President at cbdMD, Inc..
  - Action: hired
  - Role: President
  source text: On the Effective Date, the Company entered into an Executive Employment Agreement with Kevin MacDermott pursuant to which Mr. MacDermott was hired to serve as the Company’s President.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1644903/000165495422007071/0001654954-22-007071-index.htm

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