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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">___________&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: Red">&nbsp;</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>
February 3, 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>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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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"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)&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"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</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"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</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"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 8.01 Other Events</B></P>

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

<P STYLE="text-align: justify; margin: 0pt 0">On February 3, 2012 the Company entered into an asset purchase agreement, as amended
on March 5, 2012, with Florida Dive Industries, Inc. (&ldquo;FDI&rdquo;), a dive store retailer. Under the agreement the Company
acquired certain diving and related inventory and assumed a commercial lease obligation for a retail dive store located in Palm
Beach County, Florida. The lease obligation commences on April 1, 2012. <FONT STYLE="color: black">The lease is automatically renewable
on an annual basis through May 31, 2014,&nbsp;with 90 days written notice assuming the leasee is in compliance with all terms of
the lease. The lease amount is base rental plus an allocated amount of common areas maintenance (&lsquo;CAM&rdquo;). The current
monthly rental including CAM, is approximately $3,200. </FONT></P>

<P STYLE="text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt 0">The Company intends to commence operations at the dive store location by the end
of the second calendar quarter 2012 under the &ldquo;Brownie&rsquo;s Adventure Center&rdquo; brand. Under the terms of the agreement,
the Company agreed to pay FDI cash payments on a monthly basis through May 2013 of up to a total of $22,500. In addition, the Company
shall issue FDI 2,200,000 shares of restricted common stock of the Company.<FONT STYLE="font-family: Times New Roman, Times, Serif; color: black">&nbsp;
</FONT>The fair market value of the shares on March 5, 2012, was $59,400, or $.027 per share.&nbsp;&nbsp;&nbsp;Both the restricted
stock and the monthly payments due FDI shall be maintained in an escrow account for six months as a purchase price holdback for
contingent liabilities not otherwise settled by FDI. If such items including rent and any building or zoning code violations have
not been paid by FDI during this period,&nbsp;the Company will settle said liabilities with the purchase price holdback.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></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"><B>Item 9.01.</B> <B>Financial Statements
and Exhibits</B></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 0.5in; text-align: justify">(d) Exhibits</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">99.1 &#9;Press Release</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: 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"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0; margin-top: 0pt; margin-bottom: 6pt">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><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">BROWNIE&rsquo;S MARINE GROUP,
INC.</P>
</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;Date: March
13, 2012</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">/s/ Robert Carmichael</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">Robert Carmichael<BR>Chief Executive Officer</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt">&nbsp;</P>

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

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

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[{"type": "8-K", "sequence": "1", "filename": "v306249_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 13131}]
{"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": "12695007"}, "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)
February 3, 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 8.01 Other Events
On February 3, 2012 the Company entered into an asset purchase agreement, as amended
on March 5, 2012, with Florida Dive Industries, Inc. ("FDI"), a dive store retailer. Under the agreement the Company
acquired certain diving and related inventory and assumed a commercial lease obligation for a retail dive store located in Palm
Beach County, Florida. The lease obligation commences on April 1, 2012.
The lease is automatically renewable
on an annual basis through May 31, 2014, with 90 days written notice assuming the leasee is in compliance with all terms of
the lease. The lease amount is base rental plus an allocated amount of common areas maintenance ('CAM"). The current
monthly rental including CAM, is approximately $3,200.
The Company intends to commence operations at the dive store location by the end
of the second calendar quarter 2012 under the "Brownie's Adventure Center" brand. Under the terms of the agreement,
the Company agreed to pay FDI cash payments on a monthly basis through May 2013 of up to a total of $22,500. In addition, the Company
shall issue FDI 2,200,000 shares of restricted common stock of the Company.
The fair market value of the shares on March 5, 2012, was $59,400, or $.027 per share.   Both the restricted
stock and the monthly payments due FDI shall be maintained in an escrow account for six months as a purchase price holdback for
contingent liabilities not otherwise settled by FDI. If such items including rent and any building or zoning code violations have
not been paid by FDI during this period, the Company will settle said liabilities with the purchase price holdback.
Item 9.01.
Financial Statements
and Exhibits
(d) Exhibits
99.1 	Press Release
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
13, 2012
By:
/s/ Robert Carmichael
Robert Carmichael
Chief Executive Officer