DBMM 8-K
Digital Brand Media & Marketing Group, Inc. (DBMM)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. Extension of time to issue a decision by the Securities and Exchange Commission.
The Securities and Exchange Commission extended the time to issue a decision to March 6. 2023 regarding the Final Order of the Dismissal issued by ALJ Carol Fox Foelak on November 12,2019. The Company’s requisite filings under Section Section 13(a) and Rules 13a-1 and 13a-13 registered pursuant to Section 12-g of the Securities Exchange Act of 1934 are timely and filed in Edgar. The filings were cured timely and available to the public prior to the Dismissal and remain timely.
The Company believes this was a perfunctory decision, as the legal Standing Order remains the ALJ’s dismissal of November 12, 2019. Since the dismissal, we have, in good faith, filed all of the requisite SEC reports on time or early. That comprises 13 10-K’s and 10-Q’s. The disclosure included in our 10-K for 2022 is evidence of the Company’s transparency, and provides a full description to the public. This public disclosure of the Company’s delayed filings matter caused by external mitigating circumstances is known to all. The Lucia decision from SCOTUS allowed for “remand and new evidence” to be put forth, which Digital Brand followed. The dismissal was forthcoming with the ALJ stating she had considered all issues raised in her dismissal decision on November 12, 2019.
In closing, the shareholders and the Company have been damaged by the external mitigating circumstances/events, as well as the protracted delay, including the pandemic, during which Digital Brand filed every 10-K and 10-Q on a timely basis as a show of good faith and intent going forward. The Commission provided for extended reporting timelines in recognition of the hardships of the pandemic, but Digital Brand followed the judge’s direction in the dismissal and filed on time.
The Company’s stakeholders following FINRA clearance and timely filings all believe the removal of the Caveat Emptor icon will close this matter.
SIGNATURE
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.
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Date: December 16, 2022 |
Digital Brand Media & Marketing, Inc. (Registrant) |
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By: |
/s/ Linda Perry |
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Linda Perry |
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Principal Executive Officer Principal Financial Officer Executive Director |
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