{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-22-008290","form_type":"8-K/A","ticker":"YCBD","cik":"0001644903","company_name":"cbdMD, Inc.","filed_at":"2022-06-14T23:59:59+00:00","discovered_at":"2026-05-14T18:04:01.608524+00:00","generated_at":"2026-06-25T02:01:39.790050+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"CEO Martin Sumichrast resigns amid SEC action; separation includes $590K and 400K RSUs","bullets":["Sumichrast resigned as CEO and board member effective June 11, 2022; SEC filed an action against him for a prior private company role, with no allegations against cbdMD.","Separation Agreement includes $590,000 over 16 months, COBRA for 12 months, and 400,000 RSUs vesting in July 2022 and January 2023.","Board member Scott Stephen named Board Chair; Scott Coffman to consult until a new CEO is appointed.","Previously issued unvested RSUs terminate per the Separation Agreement and original grant terms."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-22-008290","json":"https://secwatch.observer/filing/0001654954-22-008290.json","markdown":"https://secwatch.observer/filing/0001654954-22-008290.md","text":"https://secwatch.observer/filing/0001654954-22-008290.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1644903/000165495422008290/0001654954-22-008290-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1644903/000165495422008290/ycbd_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T02:01:39.790050+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ac60a22221","claim":"Martin A. Sumichrast resigned as Chief Executive Officer at cbdMD, Inc..","evidence_excerpt":"whereby he resigned as the Company’s Chief Executive Officer, member of the Board of Directors, employee, and all other capacities from the Company, effective June 11, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1644903/000165495422008290/0001654954-22-008290-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}