---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-007923"
form_type: "8-K"
ticker: "YCBD"
cik: "0001644903"
company_name: "cbdMD, Inc."
filed_at: "2022-06-03T23:59:59+00:00"
generated_at: "2026-06-25T04:46:39.356235+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# cbdMD appoints Scott G. Stephen as Chairman; CEO Sumichrast remains on board

## Summary
- Scott G. Stephen became Chairman of the Board of cbdMD, Inc. on June 3, 2022.
- Martin A. Sumichrast vacated the chairman role but remains CEO and a board member.
- The change was effective June 3, 2022 under Item 5.02 of Form 8-K.

## SEC filing metadata
- accession: 0001654954-22-007923
- form_type: 8-K
- ticker: YCBD
- cik: 0001644903
- company_name: cbdMD, Inc.
- filed_at: 2022-06-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1644903/000165495422007923/0001654954-22-007923-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1644903/000165495422007923/ycbd_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-007923
- JSON: https://secwatch.observer/filing/0001654954-22-007923.json
- Plain text: https://secwatch.observer/filing/0001654954-22-007923.txt

## Key facts
- Executive change
  Scott G. Stephen changed role as Chairman of the Board at cbdMD, Inc..
  - Action: assumed
  - Role: Chairman of the Board
  source text: On June 3, 2022 (the “Effective Date”) Scott G. Stephen, a member of the board of directors of cbdMD, Inc. (the “Company”) assumed the position of chairman of the board of directors of the Company as Martin A. Sumichrast agreed to vacate the position of chairman of the board of directors on the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1644903/000165495422007923/0001654954-22-007923-index.htm
- Executive change
  Martin A. Sumichrast changed role as Chairman of the Board at cbdMD, Inc..
  - Action: vacated
  - Role: Chairman of the Board
  source text: Martin A. Sumichrast agreed to vacate the position of chairman of the board of directors on the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1644903/000165495422007923/0001654954-22-007923-index.htm

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