8-K

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

DC 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the Securities Exchange Act of 1934

Dateof Report (Date of earliest event reported) November 11, 2022

Brownie’sMarine Group, Inc.

(Exactname of registrant as specified in its charter)

3001NW 25 Avenue, Suite 1, Pompano Beach, FL 33069

(Addressof principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (954) 462-5570

(Formername or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item8.01 Other Events.

On November 11, 2022, we submitted a report to the U.S. Consumer Products Safety Commission (the “CPSC”) seeking a recall notice for our Nomad tankless dive system. We have learned that the compressor head of the tankless dive system can potentially fracture while in use, resulting in restricted air flow, which poses a drowning hazard. We have ceased sales of this product at this time. To date, we have sold approximately 1,500 of these systems, and have received 21 reports from users experiencing this malfunction. No injuries have been reported.

In our report to the CPSC, we propose repairing all Nomad systems sold to date by replacing the component that is experiencing fatigue failures with a replacement part which has been modified through improved part design and materials upgrades. After review of our report, the CPSC will issue the formal recall notice for this product. The CPSC’s notice, when issued, will specify the final details of the recall.

The information regarding this potential product recall is preliminary in nature. We will disclose additional information regarding this matter as it becomes available to us.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.