Welcome to our dedicated page for Brownies Marine Group SEC filings (Ticker: BWMG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Brownie’s Marine Group, Inc. (OTCQB: BWMG) files reports and current disclosures with the U.S. Securities and Exchange Commission as a Florida corporation in the sporting and athletic goods manufacturing industry. This page aggregates those SEC filings and pairs them with AI-generated summaries to help readers interpret the information related to the company’s industrial breathing air and recreational diving operations.
Through periodic and current reports, Brownie’s Marine Group provides details on its portfolio of subsidiaries, which include Brownie’s Third Lung, BLU3, LW Americas, Submersible Systems and Live Blue. Filings describe activities in areas such as tankless dive systems, high-pressure breathing air and industrial compressors, redundant air tank safety products and dive retail and guided tours. They also outline how these businesses contribute to the group’s overall structure and strategy.
Current reports on Form 8-K offer insight into material events. Recent examples include amendments to promissory notes with a director, revisions to executive compensation arrangements and the issuance of common stock to executives and directors in lieu of cash compensation for board service. These filings provide transparency into Brownie’s Marine Group’s financing, governance and compensation practices.
On this page, users can review annual reports on Form 10-K and quarterly reports on Form 10-Q when available, along with Form 8-K and other relevant documents. AI-powered tools highlight key sections, explain technical language and point out items related to revenue segments, subsidiary performance, capital structure and obligations. For investors and researchers following BWMG, this centralized view of SEC filings, combined with automated analysis, can make it easier to understand the regulatory and financial disclosures that shape Brownie’s Marine Group’s corporate profile.
Brownie’s Marine Group, Inc. reported that on November 24, 2025 it issued shares of common stock to two insiders instead of paying them cash for accrued board compensation. The company issued 24,722,222 shares to chief executive officer and director Robert Carmichael in lieu of a cash payment of $133,500, and 23,400,000 shares to director Charles Hyatt in lieu of $117,000. The issuances were made as unregistered sales of equity securities, relying on the private-offering exemption under Section 4(a)(2) of the Securities Act of 1933. The related disclosure about Mr. Carmichael is also referenced in the section covering director and officer arrangements.
Brownie’s Marine Group, Inc. reported that it has extended the maturity dates on two existing promissory notes held by director Charles Hyatt. A note with a principal amount of $150,000 originally issued on November 7, 2023 now matures on May 7, 2026, instead of November 7, 2025. A second note with a principal amount of $280,000 originally issued on February 5, 2024 now matures on May 5, 2026, instead of November 5, 2025.
The company states that, aside from the revised maturity dates, all other terms and conditions of both notes remain in effect. The amendments are attached as exhibits to the report for reference.
Brownie’s Marine Group (BWMG) filed its Q3 2025 report, showing lower sales but improved profitability. Total revenues were $2,071,164 for the quarter, down from $2,468,905 a year ago, while gross margin rose to 46.4%. The company generated operating income of $132,938 and net income of $191,666 in Q3.
For the first nine months, Total revenues were $6,119,257 versus $6,466,053 last year, with net income of $277,574 compared to a prior-year loss. The balance sheet lists cash of $479,543, total assets of $5,629,896, total liabilities of $3,725,863, and stockholders’ equity of $1,904,034. As of November 14, 2025, shares outstanding were 453,494,622.
The filing includes a going concern note citing historical losses and liquidity needs despite year-to-date profitability. Related party sales represented 8.4% of net revenues for the nine months ended September 30, 2025.
Brownie’s Marine Group (BWMG) updated CEO compensation. The Board approved a revised pay package for Chief Executive Officer Robert Carmichael, effective November 1, 2025. His annual base salary will be $246,000, and he will be eligible for an annual bonus of $98,400, representing 40% of base salary, tied to revenue, profitability and compliance metrics.
Equity incentives will be granted under the Company’s 2021 Equity Compensation Plan, including performance-based restricted stock units with a target value of $150,000 and cashless stock options with a target value of $350,000, with terms to be set by the Board in accordance with the Plan.