UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 Or 15(d) Of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 16, 2022

U.S. GLOBAL INVESTORS, INC.

(Exact name of registrant as specified in its charter)

7900 Callaghan Road , San Antonio, Texas ### 78229

(Address of principal executive offices)  (Zip Code)

Registrant's telephone number, including area code:

210

-308-1234

(Former name 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:

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 Rule 405 of the Securities Act of 1934 (§240.12b-2 of this chapter)

Emerging growth company ☐

If an emerging growth company, indicate by check mark 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. ☐

Item 4.01 Changes in Registrant's Certifying Accountant.

(b) Engagement of New Independent Registered Public Accounting Firm.

On December 16, 2022, the Board of Directors of U.S. Global Investors, Inc. (the "Company"), engaged Grant Thornton LLP (“Grant Thornton”) as the Company's new independent registered public accounting firm commencing with the review of the Company’s financial statements to be included in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ending December 31, 2022.

During the fiscal years ended June 30, 2022 and 2021, and the subsequent interim period through December 16, 2002, neither the Company nor anyone acting on the Company’s behalf consulted with Grant Thornton in any capacity, nor consulted with any member of that firm, regarding: (i) the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report nor oral advice was provided to the Company that was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue; (ii) any matter that was the subject of a disagreement within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions; or (iii) any reportable event within the meaning of Item 304(a)(1)(v) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

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.

Dated:     December 21, 2022

ex_458115.htm

Exhibit 99.1

Contact:<br><br> <br>Holly Schoenfeldt<br><br> <br>Director of Marketing<br><br> <br>210.308.1268<br><br> <br>hschoenfeldt@usfunds.com	<br><br> <br>For Immediate Release

U.S. Global Investors Announces Selection of Grant Thornton as Its New Auditor, Continuation of Stock Repurchase Program and Monthly Dividend

******************************************************************************

SAN ANTONIO—December 21, 2022—U.S. Global Investors, Inc. **** (NASDAQ: GROW) (the “Company”), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, today announces that, following a rigorous and competitive review process, it has selected Grant Thornton LLP as its new independent registered public accounting firm. Grant Thornton LLP (GT) is the U.S. member of Grant Thornton International Ltd (GTIL). GT is a national firm with offices throughout the United States and GTIL is an international organization with member firms throughout the world. The change of the Company’s audit firm was approved by the Board of Directors (the “Board”).

November Stock Buybacks

In November 2022, the Company repurchased 24,795 of its shares at a net cost of around $73,600. This represents a 25% increase over the number of shares repurchased in the previous month and an approximately 625% increase over the number of shares repurchased in November 2021.

Enhanced Stock Repurchase Program

The Company is also pleased to announce that the Board has approved the renewal of its current stock repurchase program, which allows the Company to purchase up to $5 million of its stock per calendar year. As of December 14, 2022, the Company modified the algorithm used to purchase stock so it may buy back shares of GROW stock when the price is flat or down from the previous trading day, which may increase the number of trading days it can buy back shares.

Scheduled Dividends

A monthly dividend of $0.0075 per share was authorized December 16, 2022, to continue through March 2023. The dividend record dates are January 9, February 13, and March 13, and the payment dates are January 23, February 27 and March 27.

The continuation of future cash dividends will be determined by the Board of Directors, at its sole discretion, after review of the company’s financial performance and other factors, and is dependent on earnings, operations, capital requirements, general financial condition of the company and general business conditions.

About U.S. Global Investors, Inc.

The story of U.S. Global Investors goes back more than 50 years when it began as an investment club. Today, U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser that focuses on niche markets around the world. Headquartered in San Antonio, Texas, the Company provides investment advisory services to U.S. Global Investors Funds and U.S. Global ETFs.

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