Form 8-K - Current report
20 September 2023 - 2:25AM
Edgar (US Regulatory)
0001488638
false
0001488638
2023-09-19
2023-09-19
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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: September 19, 2023
MBG Holdings Inc.
(Exact name of registrant as specified
in its charter)
Nevada |
|
000-56318 |
|
27-2262006 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
MBG Holdings Inc.
4301 West Bank Dr. Suite 110B
Austin, Texas 78746
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including
area code: (512) 360-0459
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):
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant
is an emerging growth company as defined 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 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. ¨
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which
registered |
Common Stock, par value $0.001 per share |
|
MBGH |
|
OTC Markets |
Item 7.01. |
Regulation FD Disclosure |
MBG
Holdings Inc. (the “Company”) has announced that its subsidiary AMR Resources, LLC has finalized an Asset Purchase Agreement
for the sale of its division that provides fiber services to Alliance Global Solutions, LLC as of September 15, 2023. The parties
have a Transition Services Agreement in place with regard to the sale of the fiber services business.
| Item 1.02 | Termination of a Material Definitive Agreement |
It has been confirmed in writing by N2Grate that
the Company’s subsidiary AMR Resources, LLC has not been awarded and issued a renewed Purchase Order for Phase 8 of its National
Deployment division. As such AMR Resources, LLC will be ceasing operations of its national deployment division and closing the department
including a layoff of all employees related to this division.
| Item 5.01 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers |
On September 18,2023 Director Antonio Munoz tendered his written resignation
as a Director of MBG Holdings, Inc to the Company. The resignation as a Director was not the result of any disagreement with the Company
on any matters relating to the Company’s operation, policies or practices.
2.01 Completion of Acquisition
or Disposition of Assets
The Company's subsidiary AMR Resources, LLC intends
to hold a warehouse sale to sell off equipment and assets that were used in projects that can no longer be Returned. It is the intent
of the Company to clear AMR Resources, LLC’s warehouse through the sale of equipment and assets as well as disposal where applicable.
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.
Date: September 19, 2023 |
|
MBG Holdings Inc. |
|
|
|
|
|
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By: |
/s/ Joseph Baum |
|
|
Name: |
Joseph Baum |
|
|
Title: |
Chief Restructuring Officer |
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