0001437749-24-001621.txt : 20240118
0001437749-24-001621.hdr.sgml : 20240118
20240118160523
ACCESSION NUMBER: 0001437749-24-001621
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240111
FILED AS OF DATE: 20240118
DATE AS OF CHANGE: 20240118
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Coffman Raymond Scott
CENTRAL INDEX KEY: 0001761772
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38299
FILM NUMBER: 24541809
MAIL ADDRESS:
STREET 1: 230 S. TRYON ST., #1302
CITY: CHARLOTTE
STATE: NC
ZIP: 28202
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: cbdMD, Inc.
CENTRAL INDEX KEY: 0001644903
STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
ORGANIZATION NAME: 08 Industrial Applications and Services
IRS NUMBER: 473414576
STATE OF INCORPORATION: NC
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 8845 RED OAK BOULEVARD
CITY: CHARLOTTE
STATE: NC
ZIP: 28217
BUSINESS PHONE: 704-445-3060
MAIL ADDRESS:
STREET 1: 8845 RED OAK BOULEVARD
CITY: CHARLOTTE
STATE: NC
ZIP: 28217
FORMER COMPANY:
FORMER CONFORMED NAME: Level Brands, Inc.
DATE OF NAME CHANGE: 20170202
FORMER COMPANY:
FORMER CONFORMED NAME: LEVEL BEAUTY GROUP, INC.
DATE OF NAME CHANGE: 20150611
4
1
rdgdoc.xml
FORM 4
X0508
4
2024-01-11
0001644903
cbdMD, Inc.
YCBD
0001761772
Coffman Raymond Scott
C/O 8845 RED OAK BOULEVARD
CHARLOTTE
NC
28217
1
0
Common Stock
2024-01-11
4
A
0
13011
A
387695
I
See footnote
Pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement") dated December 3, 2018, which closed on December 20, 2018 (the "Closing Date"), CBD Holding, LLC ("CBDH"), was entitled to receive (the "Earnout Rights") up to 338,889 additional shares of the Issuer's common stock for no additional consideration (the "Earnout Shares"), with such Earnout Shares to be issued upon the satisfaction of certain aggregate net revenue criteria. The issuance of the Earnout Shares was approved by the Issuer's shareholders in April 2019. On February 26, 2020, CBDH distributed the Earnout Rights to its members, including Coffman Family Office, LLC, on a pro rata basis. On January 11, 2024, in accordance with the terms of the Merger Agreement, as amended, the Issuer determined that the net revenue criteria for the final Marking Period had been achieved and issued an aggregate of 19,818 shares of its common stock, including 13,011 to Coffman Family Office, LLC.
Includes (i) 81,867 shares held of record by Edge of Business, LLC ("Edge of Business"); and (ii) 305,828 shares held of record by the Coffman Family Office. The Reporting Person disclaims beneficial ownership of the securities held of record by each of these entities except to the extent of his pecuniary interest therein. The Reporting Person has the sole power to vote and dispose of all of the shares of common stock held of record by Edge of Business. Coffman Management, LLC ("Coffman Management") is the Manager of the Coffman Family Office and the Reporting Person is the Manager of Coffman Management. The Reporting Person has sole power to dispose of all shares of common stock held by the Coffman Family Office and sole right to vote all the shares of common stock held by the Coffman Family Office.
/s/ Raymond Scott Coffman
2024-01-18