cbdMD Inc. Announces New Compensation Plan for Directors with Restricted Stock Units and Annual Fees

Reuters
2025/05/21
cbdMD Inc. Announces New Compensation Plan for Directors with Restricted Stock Units and Annual Fees

cbdMD, Inc. has announced new compensation terms for its board of directors, effective from April 11, 2025. Each independent director and the non-management employee director will receive 1,572 restricted stock units (RSUs) as compensation for their services. These RSUs will vest quarterly, with the first vesting date set for June 30, 2025, and the final one on March 31, 2026. The RSUs were granted under the company's 2015 and 2021 Equity Compensation Plan, and their value will be based on the company's stock closing price as of May 16, 2025. Additionally, cbdMD's board has approved annual cash retainers of $35,000 for each independent director, with extra compensation for committee chairs and members. The Chairman of the Board will receive an additional $26,500, the Chairman of the Audit Committee $17,000, and the Chairman of the Compensation, Corporate Governance and Nominating Committee $7,000. Audit Committee members, excluding the chairperson, will receive an extra $8,500, while members of the Compensation, Corporate Governance and Nominating Committee will receive an additional $4,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. cbdMD Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-017864), on May 20, 2025, and is solely responsible for the information contained therein.

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