secwatch.observer — SEC 8-K summary
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Issuer:     cbdMD, Inc. (YCBD)
CIK:        0001644903
Form:       8-K
Filed at:   2022-05-17T23:59:59+00:00
Accession:  0001654954-22-007071
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1644903/000165495422007071/0001654954-22-007071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1644903/000165495422007071/ycbd_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-007071

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer