Posted 29 June, 2023
Brownie's Marine Group, Inc appointed Robert Carmichael as new CEO
OTC:BWMG appointed new Chief Executive Officer Robert Carmichael in a 8-K filed on 29 June, 2023.
Robert Carmichael, the Company's Chairman, President and Chief Financial Officer, will assume the role of Chief Executive Officer on July 7, 2023.
Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of Brownie's Marine Group, Inc
Consumer Goods • Sports Goods
Brownie's Marine Group, Inc. engages in the design, test, manufacture, and distribution of recreational hookah diving, yacht-based scuba air compressor and nitrox generation systems, and scuba and water safety products. It sells its products both on a wholesale and retail basis. It owns and operates a portfolio of companies with a concentration in the industrial and recreational diving industry. The company was founded in 1981 and is headquartered in Pompano Beach, FL.Market Cap
$3.51M
View Company Details
$3.51M
Relevant filing section
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On June 24, 2023, Christopher Constable submitted his resignation as Chief Executive Officer of Brownie's Marine Group, Inc., a Florida corporation (the "Company") effective July 7, 2023. Mr. Constable will remain a member of the Company's Board of Directors and in a consulting capacity until further notice. Mr. Constable's resignation did not arise from any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Robert Carmichael, the Company's Chairman, President and Chief Financial Officer, will assume the role of Chief Executive Officer on July 7, 2023. Since April 2004, Mr. Carmichael has served as Chairman and President, and from April 2004 until November 2020, as Chief Executive Officer. Mr. Carmichael has served as Chief Financial Officer since 2017 and a director since 2005. Part II, Item 13, of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2023, describes various related transactions and relationships between the Company and Mr. Carmichael.
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