---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-005177"
form_type: "8-K/A"
ticker: null
cik: "0001488638"
company_name: "MBG Holdings, Inc."
filed_at: "2023-04-11T23:59:59+00:00"
generated_at: "2026-06-17T03:36:40.911061+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MBG Holdings changes auditors; prior auditor resigns with going concern qualification

## Summary
- Maughan Sullivan resigned as auditor on March 23, 2023, effective immediately for FY2022 audit.
- New auditor M&K CPAS PLLC engaged April 10, 2023 for FY2022, approved by Board.
- Maughan's reports for FY2020-2021 included going concern paragraph due to losses and working capital deficit.
- No disagreements or reportable events between Company and Maughan; Maughan provided letter of agreement.
- Company had not consulted M&K on any accounting or audit matters prior to engagement.

## SEC filing metadata
- accession: 0001214659-23-005177
- form_type: 8-K/A
- cik: 0001488638
- company_name: MBG Holdings, Inc.
- filed_at: 2023-04-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1488638/000121465923005177/0001214659-23-005177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1488638/000121465923005177/g4102318ka1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-005177
- JSON: https://secwatch.observer/filing/0001214659-23-005177.json
- Plain text: https://secwatch.observer/filing/0001214659-23-005177.txt

## Key facts
- Auditor Changes
  Maughan Sullivan LLC resigned as auditor of MBG Holdings, Inc..
  - Action: resignation
  - Auditor: Maughan Sullivan LLC
  - Successor: M&K CPAS PLLC
  source text: On March 23, 2023, the Company received a communication from the Company’s independent accounting firm, Maughan Sullivan LLC (“Maughan”), that the firm is resigning as the Company’s auditor for the fiscal year 2022 audit effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488638/000121465923005177/0001214659-23-005177-index.htm
- Auditor Changes
  MBG Holdings, Inc. engaged M&K CPAS PLLC as its auditor.
  - Action: engagement
  - Auditor: M&K CPAS PLLC
  source text: On April 10, 2023 (the “Engagement Date”), MBG Holdings, Inc. (the “Company”) engaged M&K CPAS PLLC (“M&K”) as its independent registered public accounting firm for the Company’s fiscal year ending December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488638/000121465923005177/0001214659-23-005177-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.