<SEC-DOCUMENT>0001104659-22-034824.txt : 20220317
<SEC-HEADER>0001104659-22-034824.hdr.sgml : 20220317
<ACCEPTANCE-DATETIME>20220317101025
ACCESSION NUMBER:		0001104659-22-034824
CONFORMED SUBMISSION TYPE:	NT 10-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211231
FILED AS OF DATE:		20220317
DATE AS OF CHANGE:		20220317
EFFECTIVENESS DATE:		20220317

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Stagwell Inc
		CENTRAL INDEX KEY:			0000876883
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING AGENCIES [7311]
		IRS NUMBER:				980364441
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13718
		FILM NUMBER:		22747102

	BUSINESS ADDRESS:	
		STREET 1:		ONE WORLD TRADE CENTER, FLOOR 65
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10007
		BUSINESS PHONE:		646 429 1800

	MAIL ADDRESS:	
		STREET 1:		ONE WORLD TRADE CENTER, FLOOR 65
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10007

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MDC Stagwell Holdings Inc
		DATE OF NAME CHANGE:	20210729

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MDC PARTNERS INC
		DATE OF NAME CHANGE:	20040206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MDC CORP INC
		DATE OF NAME CHANGE:	20001204
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 10-K
<SEQUENCE>1
<FILENAME>tm229585d1_nt10k.htm
<DESCRIPTION>NT 10-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B>&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>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 12b-25</B></P>

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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<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>NOTIFICATION OF LATE FILING</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 001-13718</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 0.95pt; padding-right: 0.95pt; text-align: right">(Check One) </TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 71%; padding-top: 0.95pt; padding-right: 0.95pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#120;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">Form
    10-K </FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">Form 20-F </FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT>
    Form 11-K <FONT STYLE="font-family: Wingdings">&#168;</FONT> Form 10-Q</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">Form
    10-D </FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT> Form N-SAR <FONT STYLE="font-family: Wingdings">&#168;</FONT> Form
    N-CSR</P></TD></TR>
  <TR>
    <TD STYLE="padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt">For Period Ended: December 31, 2021</TD></TR>
  <TR>
    <TD STYLE="padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT> Transition Report on Form 10-K</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT> Transition Report on Form 20-F</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT> Transition Report on Form 11-K</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT> Transition Report on Form 10-Q</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT> Transition Report on Form N-SAR</TD></TR>
  <TR>
    <TD STYLE="padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.95pt; padding-right: 0.95pt">For the Transition Period Ended: </TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border: black 1pt solid; padding-top: 1.2pt; padding-right: 1.2pt; padding-bottom: 1.2pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Read Instruction (on back page) Before Preparing
    Form. Please Print or Type.</I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Nothing in this form shall be construed to imply
    that the Commission has verified any information contained herein.</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">If the notification relates to a portion of the
filing checked above, identify the Item(s) to which the notification relates:</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PART I - REGISTRANT INFORMATION</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt"><B>Stagwell Inc.</B></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt">Full Name of Registrant</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt"><B>MDC Partners Inc.</B></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt">Former Name if Applicable</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt"><B>One World Trade Center, Floor 65</B></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt">Address of Principal Executive Office <I>(Street and Number)</I></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt"><B>New York, New York 10007</B></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt">City, State and Zip Code</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PART II - RULES 12b-25(b) AND (c)</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the subject report could not be filed without unreasonable effort
or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="3" STYLE="width: 3%; border-right: Black 1pt solid; padding-right: 1.25pt">&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD>
    <TD STYLE="vertical-align: top; width: 6%; padding-right: 3.25pt; text-align: center">(a)</TD>
    <TD STYLE="vertical-align: bottom; width: 91%; padding-right: 3.25pt">The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; text-align: center">(b)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.25pt">The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; text-align: center">(c)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.25pt">The accountant&rsquo;s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PART III - NARRATIVE</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">State below in reasonable detail why Forms 10-K,
20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Stagwell Inc. (the &ldquo;Company&rdquo;) is unable
to timely file with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) its Annual Report on Form 10-K for the fiscal
year ended December 31, 2021, because the compilation, review and finalization of the information required to be presented in the report
could not be completed within the prescribed time period without unreasonable effort or expense. The Company requires additional time
to compile, review and finalize the necessary disclosures. The Company expects to file the Form 10-K as soon as practicable within the
15-day extension period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PART IV - OTHER INFORMATION</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt">(1)</TD>
    <TD COLSPAN="5" STYLE="padding-right: 3.25pt; padding-left: 3.25pt">Name and telephone number of person to contact in regard to this notification</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 2%; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 58%; border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center"><B>Frank Lanuto</B></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 15%; border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center"><B>(646)</B></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 23%; border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center"><B>429-1800</B></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">(Name)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">(Area Code)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">(Telephone Number)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt">(2)</TD>
    <TD COLSPAN="5" STYLE="padding-right: 3.25pt; padding-left: 3.25pt">Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT> Yes <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT> No</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt">(3)</TD>
    <TD COLSPAN="5" STYLE="padding-right: 3.25pt; padding-left: 3.25pt">Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT> Yes <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT> No</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 3.25pt; padding-left: 3.25pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If so, attach an explanation of the anticipated change, both narratively
    and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 25.25pt">For a comparison of the registrant&rsquo;s results
    of operations for the fiscal year ended December 31, 2021 compared to the fiscal year ended December 31, 2020, please see the Company&rsquo;s
    earnings release dated March 8, 2022.</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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




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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name of Registrant as Specified in Charter)</P>

<P STYLE="font: 10pt 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">has caused this notification 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">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">Date: March 17, 2022</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0"><B>STAGWELL INC.</B>&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; width: 45%">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-indent: 0">/s/ Frank Lanuto</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Name:</TD>
    <TD STYLE="padding: 0; text-indent: 0">Frank Lanuto</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Title:</TD>
    <TD STYLE="padding: 0; text-indent: 0">Chief Financial Officer</TD>
    </TR>
  </TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">INSTRUCTION: The form may be signed by an executive officer of the
registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed
beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive
officer), evidence of the representative&rsquo;s authority to sign on behalf of the registrant shall be filed with the form.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 33%; border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center"><B>ATTENTION</B></TD>
    <TD STYLE="width: 33%; border-bottom: black 1pt solid; padding-right: 3.25pt; padding-left: 3.25pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt; text-align: center"></TD>
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt; text-align: center"></TD>
    <TD STYLE="padding-right: 3.25pt; padding-left: 3.25pt; text-align: center"></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><B>Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).</B></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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