Current Report Filing (8-k)
July 22 2015 - 9:18AM
Edgar (US Regulatory)
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: July 16, 2015
(Date of earliest
event reported)
CMG HOLDINGS
GROUP, INC.
(Exact name
of registrant as specified in its charter)
Nevada
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000-51770
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87-0733770
|
(State of Incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer Identification No.) |
2130
North Lincoln Park West 8N, Chicago, IL 60614
(Address of
principal executive offices) (Zip Code)
773-698-6047
(Registrant’s
telephone no., including area code)
---------------------------------------------------------------
(Former name,
former address and former fiscal year, 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 (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)) |
ITEM 8.01 OTHER EVENTS.
Glenn
Laken, Chairman and CEO of CMG Holdings announced today that Company management has arranged financing for all litigation costs
related to CMG’s civil RICO lawsuit against Hudson Gray, Studio AG, Mixed Company and the Hudson Defendants. Under the terms
of this arrangement, CMG’s only financial responsibilities will be out of pocket expenses, such as experts and deposition
costs. In return for said funding, CMG has agreed to share any recovery costs on a 67 - 33 split basis. Mr. Laken noted, “This
financing arrangement is a critical component for the Company, to assure that shareholder’s claims against Hudson Gray are
vigorously litigated and collected without any danger of coming up short monetarily.”
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: July
21, 2015 |
CMG HOLDINGS GROUP, INC. |
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/s/ Glenn
Laken |
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Name: Glenn Laken |
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Its: CEO and Chairman |
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