8-K
filed March 30, 2023, 7:59 PM ET
CIK 0001488638
other material
confidence high
sentiment negative
materiality 0.70
MBG Holdings, Inc.: auditor change — MBG Holdings auditor resigns; CFO and director resign; new directors and COO appointed
MBG Holdings, Inc.
- Maughan Sullivan LLC resigned as independent auditor effective March 23, 2023; no disagreements but material weaknesses in internal control as of Dec 31, 2021.
- CFO/Treasurer/Director Jeremie Peterkin and Director Angela Paxton resigned March 24, 2023; no disagreements cited.
- Board appointed Paul Twitchell and Jason Lohe as directors on March 29, 2023; each receives $15,000/quarter and up to 75,000 shares under 2022 Equity Incentive Plan.
- Samantha Sondrup appointed COO on March 29, 2023; previously SVP/Chief of Staff at MBG and COO of AMR Resources.
- No new CFO appointed following Peterkin's resignation; CFO role remains vacant.
Key facts
Extracted from this filing and checked against the source text.
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
Maughan Sullivan LLC resigned as auditor of MBG Holdings, Inc..
- Action
- resignation
- Auditor
- Maughan Sullivan LLC
Exact text from the filing
On March 23, 2023, MBG Holdings, Inc. (the "Company") was notified that its independent registered public accounting firm, Maughan Sullivan LLC ("Maughan"), is resigning its engagement with the Company effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul Twitchell was appointed as Director at MBG Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On March 29, 2023, the Board of MBG Holdings, Inc pursuant to its powers under the Company’s bylaws, appointed Paul Twitchell and Jason Lohe as members of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Lohe was appointed as Director at MBG Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On March 29, 2023, the Board of MBG Holdings, Inc pursuant to its powers under the Company’s bylaws, appointed Paul Twitchell and Jason Lohe as members of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Angela Paxton resigned as Director at MBG Holdings, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On March 24, 2023 Angela Paxton tendered her resignation in writing as a Director of MBG Holdings, Inc. to the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeremie Peterkin resigned as Chief Financial Officer, Treasurer and Director at MBG Holdings, Inc..
- Action
- resigned
- Role
- Chief Financial Officer, Treasurer and Director
Exact text from the filing
On March 24, 2023 Jeremie Peterkin tendered his resignation in writing as Chief Financial Officer, Treasurer and Director of MBG Holdings, Inc. to the Company.
View on SEC.gov
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