SPAR Group Inc (SGRP)
NASDAQIndustrialsSpecialty Business ServicesSnapshot 2026-09-04
NASDAQIndustrialsSpecialty Business ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · SGRP
Material updates from SEC filings (8-K, 10-Q, 10-K) ranked by impact, with no firehose noise.
Results of Operations and Financial Condition. On August 13, 2026, the Company announced its financial results for the second quarter ended June 30, 2026. A copy of the press release announcing this event is attached to and included in this Form 8-K as Exhibit 99.1. Forward Looking Statements This Current Report on Form 8-K (this " Current Report ") contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, made by, or resp…
Director — James R. Brown, Sr.: The directors were removed due to findings of actions adverse to the company's best interests and non-compliance with policies, indicating a contentious departure rather than a routine retirement.
Other Events. As provided by Section 3.01 of the Company’s By-laws, the remaining directors voted to set the size of the Board at five members. Forward Looking Statements This Current Report on Form 8-K (this " Current Report ") contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, made by, or respecting, SPAR Group, Inc. (the " Corporation "' or " SGRP ") and its subsidiaries (together with SGRP, " SPAR ", " SPAR Grou…
Other Events. As previously disclosed, the Company received a determination letter from Nasdaq notifying the Company that its Common Stock would be delisted from Nasdaq and that trading would be suspended absent a successful appeal. On July 22, 2026, the Company announced that its Common Stock would begin trading on the OTCQB effective at the open of trading on July 23, 2026, under the same ticker symbol, “SGRP”. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporat…
As previously disclosed on January 12, 2026, the Corporation received a letter from Nasdaq indicating that the Corporation was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the closing bid price per share for the Corporation’s Common Stock had closed below $1.00 for the previous 30 consecutive business days (the “Bid Price Rule”). The Company was given until July 13, 2026, to regain compliance with the Bid Price Rule (the “Compliance Period”). As previously disclosed on April…
Other Events. On July 6, 2026, the Corporation convened its special meeting of stockholders (the " Special Meeting "). As of the record date for the Special Meeting, June 16, 2026, there were 28,398,560 shares of Common Stock outstanding and entitled to vote at the Special Meeting. Stockholders holding less than the voting power required for a quorum were present in person (by virtual attendance) or represented by proxy at the Special Meeting. Because a quorum was not present, no business was…
Unregistered Sales of Equity Securities. The information set forth in
of this Current Report on Form 8-K is incorporated herein by reference. Forward Looking Statements This Current Report on Form 8-K (this " Current Report ") contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, made by, or respecting, SPAR Group, Inc. (the " Corporation " or " SGRP ") and its subsidiaries (together with SGRP, " SPAR ", " SPAR Group " or the " Company "). "Forward-looking statements" are defined in Sect…
Results of Operations and Financial Condition. On May 12, 2026, the Company announced its financial results for the first quarter ended March 31, 2026. A copy of the press release announcing this event is attached to and included in this Form 8-K as Exhibit 99.1. Forward Looking Statements This Current Report on Form 8-K (this " Current Report ") contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, made by, or respect…
Entry into a Material Definitive Agreement. On May 1, 2026, the Company entered into a Settlement Agreement and Release with Robert G. Brown and SPAR Business Services, Inc. allowing for a dismissal of the Arbitration action between the Company and Robert G. Brown. As part of the Settlement Agreement, Robert G. Brown agreed to extend the expiration date of the Change of Control, Voting and Restricted Stock Agreement dated January 28, 2022 (the " CIC Agreement "), to January 28, 2028, as well…
Changes in Registrant ’ s Certifying Accountant. Following discussion and analysis, the Audit Committee, the Board and the Corporation’s Management have agreed to change the Corporation’s principal independent registered accountants for 2026. Dismissal of BDO USA, P.C. On April 6, 2026, SGRP’s Audit Committee and Board approved the dismissal of BDO USA, P.C. (" BDO ") as the Company’s independent registered accounting firm. The Company notified BDO on April 7, 2026. BDO’s audit reports on the…
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. Failure to Maintain a Minimum in Stockholders ’ Equity under Nasdaq Rules On April 2, 2026, SGRP received a notification letter from Nasdaq that the Company does not meet the requirement to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing on the Nasdaq Capital Market. The letter specified that because the Company’s Form 10-K for the year ended December 31, 2025, r…
Results of Operations and Financial Condition. On March 31, 2026, the Company announced its 2025 full year and fourth quarter results. A copy of the press release announcing this event is attached to and included in this Form 8-K as Exhibit 99.1. Forward Looking Statements This Current Report on Form 8-K (this " Current Report ") contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, made by, or respecting, SPAR Group,…
Results of Operations and Financial Condition. On March 31, 2026, the Company announced its fiscal year 2026 financial guidance. A copy of the press release announcing this event is attached to and included in this Form 8-K as Exhibit 99.1. Forward Looking Statements This Current Report on Form 8-K (this " Current Report ") contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, made by, or respecting, SPAR Group, Inc. (…
Entry into a Material Definitive Agreement. On March 14, 2026, SPAR Marketing Force, Inc. (" SMF "), a wholly owned subsidiary of SGRP and part of the Company, entered into a $4,000,000 unsecured loan arrangement (the " Loan ") with PC Group, Inc. (" PC Group "). The Loan is evidenced by a Senior Unsecured Promissory Note (the " Note " ) issued by SMF as borrower to PC Group, as lender, and effective as of March 13, 2026. The Loan bears interest at a fixed rate of 8% per annum, with interest-…
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Failure to Maintain the Minimum Bid Price under Nasdaq Rules On January 12, 2026, SGRP received a notification letter from Nasdaq that SGRP's common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market. The notification letter from Nasdaq stated that: "The Rules also provide the Company a…
Chief Financial Officer — Mr. Steven Hennen: Steven Hennen was appointed as the new Chief Financial Officer.
Results of Operations and Financial Condition. On November 14, 2025, the Company announced its financial results for the third quarter ended September 30, 2025. A copy of the press release announcing this event is attached to and included in this Form 8-K as Exhibit 99.1.
CEO — William Linnane: William Linnane was promoted to CEO and appointed to the Board.
Entry into a Material Definitive Agreement. As previously reported, the Company, through SPAR Marketing Force, Inc. (" SMF ") and SPAR Canada Company ULC (" SCC ", and collectively with SMF, the “ NM Borrowers ”), has a secured revolving credit facility in the United States (the " US Revolvin g Credit Facility ") and Canada (the " Canada Revolvin g Credit Facility ", and collectively with the US Revolving Credit Facility, the " NM Credit Facili ty") with North Mill Capital, LLC, d/b/a SLR Bus…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included in
Chief Executive Officer — Michael R. Matacunas: Mr. Matacunas retired as the Chief Executive Officer and member of the board of directors, with William Linnane appointed as interim CEO.
CEO — Michael R. Matacunas: Michael Matacunas is retiring as CEO and William Linnane is being promoted to President.
Other Events. As previously disclosed, on August 30, 2024, the Corporation entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Highwire Capital, LLC, a Texas limited liability company (“ Highwire ”), and Highwire Merger Co. I, Inc., a Delaware corporation and a wholly owned subsidiary of Highwire. On May 23, 2025, the Corporation terminated the Merger Agreement for failure of Highwire to consummate the transactions contemplated thereby. On August 26, 2025, the Corpora…
Regulation FD Disclosure. The Company intends to make a presentation to potential investors and advisers on August 27, 2025 as outlined in the "SPAR Midwest Ideas Conference Presentation" (the " Presentation ") attached as Exhibit 99.1 and furnished herewith. The presentation contains selected adjusted historical data for the Company and its marketplace and forward-looking statements (as defined below), including (without limitation) future priorities and goals. The Company does not intend, a…
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