Reason for Delay in Posting Financial Report: State below in reasonable detail why the Annual/Quarterly Report could not be filed within the prescribed time period.Management has been focused on closing the acquisition of Maggie's on the River for $1.4 million, and the transaction will almost triple the size of 1812 Brewing Company. The transaction, which has been innegotiations and being structured since August 2023, was tentatively scheduled to close during the period range of April 1 to April 9th. The precise timing of the closing has been driven primarily by the financing sources, and the Company is subject to their perogative. So mgt's immediate focus has been preparing to manage the combined company post-acquisition. The acquisition is so material to the Company that this focus has been necessary to ensure the acquisition's success for shareholders of 1812 Brewing Company.

Reason for Delay in Posting Financial Report: State below in reasonable detail why the Annual/Quarterly
Report could not be filed within the prescribed time period.
Management has been focused on closing the acquisition of Maggie's on the River for $1.4 million, and the
transaction will almost triple the size of 1812 Brewing Company. The transaction, which has been in
negotiations and being structured since August 2023, was tentatively scheduled to close during the period
range of April 1 to April 9th. The precise timing of the closing has been driven primarily by the financing
sources, and the Company is subject to their perogative. So mgt's immediate focus has been preparing to
manage the combined company post-acquisition. The acquisition is so material to the Company that this focus
has been necessary to ensure the acquisition's success for shareholders of 1812 Brewing Company.

Reason for Delay in Posting Financial Report: State below in reasonable detail why the Annual/Quarterly
Report could not be filed within the prescribed time period.
Management has been focused on closing the acquisition of Maggie's on the River for $1.4 million, and the
transaction will almost triple the size of 1812 Brewing Company. The transaction, which has been in
negotiations and being structured since August 2023, was tentatively scheduled to close during the period
range of April 1 to April 9th. The precise timing of the closing has been driven primarily by the financing sources, and the Company is subject to their perogative. So mgt's immediate focus has been preparing to
manage the combined company post-acquisition. The acquisition is so material to the Company that this focus
has been necessary to ensure the acquisition's success for shareholders of 1812 Brewing Company.

11/13/2023 Notification of Late Filing - Notification of Late Filing
08/08/2023 Notification of Late Filing - Notification of Late Filing
05/15/2023 Notification of Late Filing - Q1 2023

THall; KEGS is not a SEC reporting company, they will not file a 10-K or a NT-10k

WHAT IS A FIDUCIARY DUTY?
Your investors will want a positive return on their investment, which requires your business to succeed financially. In providing funding, investors trust you to use their capital wisely. To avoid derailing the relationship by focusing on personal interests, it’s crucial to abide by your fiduciary duties.

A fiduciary duty is a responsibility to honor investors’ trust in your company. It’s related to how you use investments and maintain integrity in communications.

“Rather than require specific outcomes–such as achieving maximum share price–fiduciary duties are largely about conduct, process, and motivation,” says Harvard Business School Professor Nien-hê Hsieh in the online course Leadership, Ethics, and Corporate Accountability.

If you’re in the early stages of securing your startup’s funding, here are four fiduciary duties you must understand and uphold.

4 FIDUCIARY DUTIES TO INVESTORS
1. Duty of Obedience
The first duty is obedience, which encompasses adhering to corporate bylaws, superiors’ instructions, and the law.

“This duty applies not only to CEOs, board members, and others in fiduciary roles but also to employees in an organization,” Hsieh explains in Leadership, Ethics, and Corporate Accountability.

When funding your business, investors reasonably expect it to have bylaws that you and your employees uphold. This helps prevent fraud, which can be detrimental to your company's success.

The exception is when legality takes precedence over bylaws. When following a superior's instructions or a company memo necessitating illegal action, the duty of obedience demands obeying the law.

2. Duty of Information
Investors don’t just fund products; they also invest in teams and ideas. Because of this, it’s critical to avoid misleading them about your products’ success. The duty of information requires disclosing necessary information and being truthful.

“Fiduciary duties are meant to ensure that investors can trust executives so they’re willing to provide the financial capital necessary to start and grow businesses,” Hsieh says in Leadership, Ethics, and Corporate Accountability. “This, in turn, can benefit not only investors and corporations but also customers, employees, and society.”

You must uphold two duties of information:

Candor: The obligation to be open and honest with shareholders.
Confidentiality: The refusal to share confidential information when necessary.
An example of breaching this duty is greenwashing, which is misleading customers or investors about a product's environmental impact. It can be damaging to investors who prefer to fund sustainable businesses and negatively affect your reputation. Given that the majority of startups fail, you often can't afford negative press.

“For entrepreneurs, one challenge is to avoid moral disengagement and crossing the line from 'fake it till you make it' to fraud,” Hsieh says in the course, “even when there’s great pressure and temptation to do so.”

Leadership, Ethics, and Corporate Accountability | Develop a toolkit for making tough leadership decisions| Learn More
3. Duty of Loyalty
The third duty is loyalty, which requires acting in shareholders' best interests.

It requires avoiding potential conflicts of interest, which occur when you directly benefit from acting on your company’s behalf.

“As a general matter, the duty of loyalty requires a fiduciary to place the beneficiary’s interests ahead of their own," Hsieh says in Leadership, Ethics, and Corporate Accountability. “This means the fiduciary should act in a disinterested manner and refrain from engaging in any activity for personal gain at the expense of a beneficiary.”

4. Duty of Care
Careless decisions can be just as damaging as intentional fiduciary responsibility violations. The duty of care requires evaluating decisions’ potential outcomes before taking action.

“As a general matter, the duty of care requires that corporate officers and directors exercise diligence when making decisions, acting, or managing resources on behalf of the company, partners, or shareholders,” Hsieh says in Leadership, Ethics, and Corporate Accountability.

When founding and scaling a business, it's vital to understand the difference between risk and negligence. Investors understand the inherent uncertainties of funding a venture but expect you to avoid exacerbating risk through carelessness.

Similar to obedience, information, and loyalty, breaching the duty of care can pose legal challenges, depending on the degree of negligence.

THE IMPORTANCE OF AVOIDING FRAUD
Despite being detrimental to business success, fraud commonly occurs. It's estimated that corruption is found in 32 percent of small businesses and 43 percent of companies with more than 100 employees.

It can originate from leadership (for example, at Theranos and FTX) or employees (like at Wells Fargo).

Even if a company doesn't fail because of deception, the financial damages can be difficult to recover from—especially for startups. It's estimated that owner and executive fraud costs companies a median of $850,000, and businesses lose an average of five percent of total gross revenue annually because of fraudulent behavior.

Carrying out your fiduciary duties of obedience, information, loyalty, and care can go a long way toward promoting ethical behavior within your organization and preventing fraud.

A fiduciary duty is the legal responsibility to act solely in the best interest of another party. “Fiduciary” means trust, and a person with a fiduciary duty has a legal obligation to maintain that trust. For example, lawyers have a fiduciary duty to act in the best interest of their clients.

A fiduciary duty is the legal responsibility to act solely in the best interest of another party. “Fiduciary” means trust, and a person with a fiduciary duty has a legal obligation to maintain that trust. For example, lawyers have a fiduciary duty to act in the best interest of their clients.

and your most frequent lie is that KEGS has no connection to purchasing Maggies on the River, still!

Air-Share - Apps on Google Play

Google Play
https://play.google.com › store › apps › details
Install Air-Share on both devices and pair them. Load "App Backup & Restore" on your phone and choose which app to share. Choose Share with other Apps, then Air ...