Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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. Mr. Sumichrast shall remain on the Company's board of directors and continue to serve as the Company's chief executive officer.






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