Brownie’s Marine Group (BWMG) appoints Mikkel Pitzner to its board
Rhea-AI Filing Summary
Brownie’s Marine Group, Inc. appointed Mikkel Pitzner, age 58, to its board of directors effective July 16, 2026. His compensation for board service will be $4,500 each quarter, paid in shares of the company’s common stock.
The company states there is no arrangement or understanding with any other person regarding his selection, no family relationship between Mr. Pitzner and existing directors or executive officers, and no transactions involving him that require disclosure under Item 404(a) of Regulation S-K.
Positive
- None.
Negative
- None.
Filing Explained
Effective July 16, the director appointment carries an ongoing commitment to pay
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Director age: 58
Quarterly board compensation: $4,500 per quarter
Director appointment effective date: July 16, 2026
+1 more
4 metrics
Director age
58
Age of newly appointed director Mikkel Pitzner
Quarterly board compensation
$4,500 per quarter
Value of common stock granted each quarter for board service
Director appointment effective date
July 16, 2026
Date Mikkel Pitzner joined the board of directors
Report signature date
July 24, 2026
Date the CEO signed the report confirming the appointment
Key Terms
board of directors, Emerging growth company, Item 404(a) of Regulation S-K, Section 12(b) of the Act
4 terms
board of directors financial
"the board of directors (the “Board”) of Brownie’s Marine Group, Inc."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
Emerging growth company regulatory
"defined in Rule 405 of this chapter) or Rule 12b-2 of the Securities Exchange Act"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Item 404(a) of Regulation S-K regulatory
"no transactions between Mr. Pitzner and the Company that would be required to be reported under Item 404(a) of Regulation S-K"
Section 12(b) of the Act regulatory
"Securities registered pursuant to Section 12(b) of the Act"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What board change did Brownie’s Marine Group (BWMG) announce?
Brownie’s Marine Group appointed Mikkel Pitzner to its board of directors, effective July 16, 2026. The company also confirmed there are no related-party transactions or family relationships tied to his appointment, and his compensation will be paid in company stock.
How will new director Mikkel Pitzner be compensated at BWMG?
Mikkel Pitzner will receive $4,500 each quarter in common stock for serving on Brownie’s Marine Group’s board. This stock-based compensation aligns his interests with shareholders, and no additional arrangements or related-party transactions were disclosed in connection with his appointment.
When did Mikkel Pitzner’s appointment to BWMG’s board become effective?
His appointment became effective on July 16, 2026, when the Brownie’s Marine Group board voted to add him. The company later signed the report on July 24, 2026, confirming his role and detailing his quarterly common-stock compensation.
Does Brownie’s Marine Group (BWMG) report any family relationships with new director Pitzner?
Brownie’s Marine Group states there is no family relationship between Mikkel Pitzner and any of its other directors or executive officers. His selection as director was not made pursuant to any arrangement or understanding with another person.