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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">______________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: Red"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported)<B>
March 13, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BROWNIE&rsquo;S MARINE GROUP, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

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    <TD STYLE="width: 36%; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt; font-weight: bold; text-align: center">Nevada</TD>
    <TD STYLE="width: 1%; padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="width: 30%; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt; font-weight: bold; text-align: center">000-28321</TD>
    <TD STYLE="width: 1%; padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="width: 32%; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt; font-weight: bold; text-align: center">90-0226181</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 5pt; padding-bottom: 5pt; text-align: center">(State or Other Jurisdiction<BR> of Incorporation)</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 5pt; padding-bottom: 5pt; text-align: center">(Commission<BR> File Number)</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 5pt; padding-bottom: 5pt; text-align: center">(I.R.S. Employer<BR> Identification No.)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>940 N.W. 1<SUP>st</SUP> Street, Fort
Lauderdale, Florida 33311</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of Principal Executive Office)
(Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(954) 462-5570</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant&rsquo;s telephone number, including
area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">_____________________________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former Name or Former Address, if Changed
Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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    <TD NOWRAP STYLE="width: 92%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: justify">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
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    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 12pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 12pt; text-align: justify">&#9633;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: justify">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
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    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 12pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: justify">&nbsp;</TD></TR>
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    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 12pt; text-align: justify">&#9633;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
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    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 12pt; text-align: justify">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: justify">&nbsp;</TD></TR>
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    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 12pt; text-align: justify">&#9633;</TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 3.02 Unregistered Sales of Equity Securities</B></P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Effective March 13,
2012 (the &ldquo;Effective Date&rdquo;), the Company issued an aggregate of 1,666,666 shares of restricted common stock in satisfaction
of $45,000 of accrued fees payable to independent directors for services performed during year ended December 31, 2011, and an
aggregate of 7,962,963 shares of restricted common stock to 11 officers, directors, employees and consultants in satisfaction of
$215,000 of bonus payments for services performed during year ended December 31, 2011. The shares were valued at $0.27 per share,
which equals the closing price of the Company&rsquo;s common stock on March 5, 2012, as reported on the OTCBB.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company relied
upon exemption provided under Section 4(2) of the Securities Act of 1933, as amended, for the issuance of the common stock. The
certificates representing the common stock contain legends restricting transferability absent registration or applicable exemption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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    <TD STYLE="width: 96px; font-weight: bold; text-align: justify"> </TD>
    <TD STYLE="font-weight: bold"></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -1in"></P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As disclosed above
under Item 3.02, on the Effective Date the Company agreed to pay bonuses in the aggregate amount of $215,000 to certain officers,
directors, employees and consultants for services performed during the year ended December&nbsp;31, 2011. Such bonuses include
$36,000 payable to Robert Carmichael, the Company&rsquo;s Chief Executive Officer; $39,500 payable to Mikkel Pitzner, a director
of the Company, in consideration for marketing services; and $13,500 payable to Wesley Armstrong, a director of the Company, in
consideration of strategic planning services. The bonuses were authorized and approved by the Company&rsquo;s Board of Directors.
In satisfaction of the bonus payments, the Company issued Robert Carmichael 1,333,333 shares of restricted common stock, Mikkel
Pitzner, 1,462,963 shares of restricted common stock and Wesley Armstrong, 500,000 shares of restricted common stock. Furthermore,
Messrs. Pitzner and Armstrong agreed to accept an aggregate of 1,666,666 shares of restricted common stock in satisfaction of $45,000
of accrued fees payable for serving on the Company&rsquo;s Board of Directors during the year ended December&nbsp;31, 2011. The
shares of common stock were valued at $0.027 per share, which equals the closing price of the Company&rsquo;s common stock on March
5, 2012, as reported on the OTCBB.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px; line-height: 115%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 336px; line-height: 115%; font-size: 10pt">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">BROWNIE&rsquo;S MARINE GROUP, INC</P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="line-height: 115%; font-size: 10pt">Date: March 15, 2012</TD>
    <TD>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><U>/s/ Robert Carmichael&#9;</U></P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">Robert Carmichael<BR>
        Chief Executive Officer</P></TD></TR>
</TABLE>


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{"company-data": {"conformed-name": "Brownie's Marine Group, Inc", "cik": "0001166708", "assigned-sic": "3949", "irs-number": "300024898", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-99393", "film-number": "12694950"}, "business-address": {"street1": "940 N.W. 1 STREET", "city": "FT. LAUDERDALE", "state": "FL", "zip": "33311", "phone": "954-462-5570"}, "mail-address": {"street1": "940 N.W. 1 STREET", "city": "FT. LAUDERDALE", "state": "FL", "zip": "33311"}, "former-company": {"former-conformed-name": "UNITED COMPANIES CORP", "date-changed": "20020207"}}
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)
March 13, 2012
BROWNIE'S MARINE GROUP, INC.
(Exact name of registrant as specified in
its charter)
Nevada
000-28321
90-0226181
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
940 N.W. 1
st
Street, Fort
Lauderdale, Florida 33311
(Address of Principal Executive Office)
(Zip Code)
(954) 462-5570
(Registrant's telephone number, including
area code)
_____________________________________________________________
(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:
□
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))
Item 3.02 Unregistered Sales of Equity Securities
Effective March 13,
2012 (the "Effective Date"), the Company issued an aggregate of 1,666,666 shares of restricted common stock in satisfaction
of $45,000 of accrued fees payable to independent directors for services performed during year ended December 31, 2011, and an
aggregate of 7,962,963 shares of restricted common stock to 11 officers, directors, employees and consultants in satisfaction of
$215,000 of bonus payments for services performed during year ended December 31, 2011. The shares were valued at $0.27 per share,
which equals the closing price of the Company's common stock on March 5, 2012, as reported on the OTCBB.
The Company relied
upon exemption provided under Section 4(2) of the Securities Act of 1933, as amended, for the issuance of the common stock. The
certificates representing the common stock contain legends restricting transferability absent registration or applicable exemption.
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As disclosed above
under Item 3.02, on the Effective Date the Company agreed to pay bonuses in the aggregate amount of $215,000 to certain officers,
directors, employees and consultants for services performed during the year ended December 31, 2011. Such bonuses include
$36,000 payable to Robert Carmichael, the Company's Chief Executive Officer; $39,500 payable to Mikkel Pitzner, a director
of the Company, in consideration for marketing services; and $13,500 payable to Wesley Armstrong, a director of the Company, in
consideration of strategic planning services. The bonuses were authorized and approved by the Company's Board of Directors.
In satisfaction of the bonus payments, the Company issued Robert Carmichael 1,333,333 shares of restricted common stock, Mikkel
Pitzner, 1,462,963 shares of restricted common stock and Wesley Armstrong, 500,000 shares of restricted common stock. Furthermore,
Messrs. Pitzner and Armstrong agreed to accept an aggregate of 1,666,666 shares of restricted common stock in satisfaction of $45,000
of accrued fees payable for serving on the Company's Board of Directors during the year ended December 31, 2011. The
shares of common stock were valued at $0.027 per share, which equals the closing price of the Company's common stock on March
5, 2012, as reported on the OTCBB.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
BROWNIE'S MARINE GROUP, INC
Date: March 15, 2012
/s/ Robert Carmichael
Robert Carmichael
Chief Executive Officer