{"filings":[{"id":1471401,"accession_number":"0001437749-26-022758","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2026-07-06T20:05:17+00:00","items":["8.01"],"status":"ready","headline":"SPAR Group special meeting adjourned due to lack of quorum; reconvenes July 10","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Special meeting of stockholders convened July 6, 2026, but quorum not present.","Meeting adjourned; will reconvene virtually on July 10, 2026 at 12:00 p.m. ET.","Record date remains June 16, 2026; previously submitted proxies remain valid.","Proposals to be voted on are described in proxy statement filed June 26, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1084916,"accession_number":"0001437749-26-020811","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2026-06-16T20:35:29+00:00","items":["5.07"],"status":"ready","headline":"SGRP annual meeting: all directors reelected; say-on-pay and stock plan approved by slim margins","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All seven director nominees elected with plurality; three nominees (Bode, Gillis, Houston) received ~8.8M votes for vs ~9.6M withhold.","Advisory vote on executive compensation (say-on-pay) passed with 9,281,463 for and 9,207,915 against; margin of ~73k votes.","2026 Stock Compensation Plan approved with 9,355,921 for and 9,133,458 against; similar slim margin.","Ratification of Grant Thornton as auditor passed overwhelmingly: 16,913,893 for, 31,024 against.","Approximately 82.69% of outstanding shares were represented at the meeting; 25.1M shares outstanding."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.15,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":835156,"accession_number":"0001437749-26-019390","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2026-06-03T20:45:29+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"SPAR Group issues 3.19M shares to ReposiTrak to settle $2.325M services payable","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["SPAR issued 3,190,569 shares at $0.7287 each (5-day VWAP) to satisfy the $2.325M services payable.","ReposiTrak elected stock payment under Amendment No. 1 to Services Agreement dated May 29, 2026.","Shares are unregistered and issued under Section 4(a)(2) and Rule 506(b) to an accredited investor.","No shareholder approval was required; issuance was below the 19.99% Nasdaq threshold.","The amendment allows ReposiTrak to elect cash, stock, or a combination for future payments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":22847,"accession_number":"0001437749-26-016244","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2026-05-12T12:15:14+00:00","items":["2.02","9.01"],"status":"ready","headline":"SPAR Group Q1 net loss $553k; revenue down 10.3% to $30.5M, gross margin up to 22.3%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net loss $553k ($0.02/sh) vs net income $462k ($0.02/sh) in Q1 2025; adjusted diluted loss $0.01/sh.","Revenue $30.5M, down 10.3% YoY; U.S. down 11.7% (lower Remodel), Canada up 3%; U.S. merchandising up 5%.","Gross margin 22.3%, up 90 bps; Adjusted EBITDA $737k vs $1.5M prior year; reiterated FY2026 guidance: sales $143-151M.","Settlement with co-founder Robert G. Brown reached; cash $4.3M, working capital $18.0M (excl. debt); target 25% gross margins."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":30518000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":90537,"accession_number":"0001437749-26-014906","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2026-05-05T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"SPAR Group settles arbitration with founder Robert Brown; extends CIC agreement to 2028","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Settlement Agreement dismissed arbitration between SPAR and founder Robert G. Brown.","Brown extended Change of Control, Voting and Restricted Stock Agreement expiration to January 28, 2028.","Brown supports current management and strategic plan; will refrain from public campaigns.","Parties agree to resolve future disagreements through direct dialogue, not media or market campaigns."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":90536,"accession_number":"0001437749-26-012159","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2026-04-13T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"SPAR Group dismisses BDO as auditor, engages Grant Thornton for FY 2026","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board and Audit Committee approved dismissal of BDO USA, effective April 7, 2026.","No disagreements with BDO on accounting principles, but prior material weaknesses in internal controls were disclosed.","Grant Thornton LLP engaged as independent registered accounting firm for fiscal year ending Dec 31, 2026.","No consultations with Grant Thornton prior to engagement on accounting or audit matters."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":90535,"accession_number":"0001437749-26-011684","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2026-04-08T23:59:59+00:00","items":["3.01","9.01"],"status":"ready","headline":"SPAR Group receives Nasdaq delisting notice for insufficient stockholders' equity","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["On April 2, 2026, Nasdaq notified SPAR that stockholders' equity of $622K is below the $2.5M minimum required for continued listing.","The company also fails alternatives: minimum market value of listed securities ($35M) or net income from continuing operations ($500K).","SPAR has 45 calendar days to submit a definitive plan to regain compliance; Nasdaq may grant up to 180 days extension.","Delisting could result if SPAR fails to regain compliance within the allowed timeframe."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":100126,"accession_number":"0001437749-26-010507","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2026-03-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SPAR Group issues FY2026 guidance: net sales $143-$151M, gross margins 20.5%-22.5%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY2026 net sales guidance of $143M-$151M vs FY25 actual of $136.1M, implying 5%-11% growth.","Gross margins expected to improve to 20.5%-22.5% from 15.9% in FY25.","SG&A (excl unusual items) guided at $25.5-$26.5M, down from $32.2M in FY25; targeting below $6.5M/quarter.","Recently completed $4.0M capital raise and announced on-demand merchandising partnership with ReposiTrak.","Management cites improved service mix toward higher-margin core merchandising and AI opportunities for 2027."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":30518000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":100125,"accession_number":"0001437749-26-010503","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2026-03-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SPAR Group reports FY2025 net loss of $24.6M; adjusted EBITDA loss of $8.6M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net loss $24.6M ($1.04/diluted share) vs $3.2M loss in 2024.","Full-year net revenue $136.1M, up 3.3% comparable in US/Canada; gross margin 15.9% vs 20.5%.","Adjusted EBITDA loss $8.6M vs positive $5.6M in 2024; restructuring costs $4.8M.","Subsequent event: $4M unsecured loan at 8% due 2029, plus 1M shares at $0.80 applied to principal.","Management targets SG&A below $6.5M/quarter; medium-term goal of 15% or less of sales."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":30518000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":100124,"accession_number":"0001437749-26-009050","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2026-03-19T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"SPAR Group subsidiary gets $4M unsecured loan from PC Group; issues 1M shares as consideration","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["SPAR Marketing Force borrows $4M at 8% fixed interest, 36-month term, monthly interest-only payments, principal due March 2029.","Initial drawdown of $3M on March 16, 2026; additional $1M available for draw in July 2026.","SPAR Group to issue 1,000,000 shares of common stock to PC Group at $0.80/share ($800k) within 30 days, applied as credit against final principal.","Price protection: if SGRP issues shares below $0.80 during term, additional shares issued to preserve $800k economic value.","SPAR Group unconditionally guarantees all payment and performance obligations of the borrower subsidiary."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":100123,"accession_number":"0001437749-26-002307","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2026-01-28T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"SPAR Group amends bylaws: plurality voting, board size range, shorter notice","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amendments effective January 22, 2026: directors elected by plurality instead of majority; board size set to 5-7 (was fixed at 7).","Board action by written consent now requires only required number (not unanimous); supermajority actions need 5 business days' notice (was 20).","Stockholder proposals may be disregarded if proponent violated agreement with company, unless court rules otherwise.","Committee quorum reduced to majority of members (was at least one-third of full committee); several sections removed and marked RESERVED."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":100122,"accession_number":"0001437749-26-001360","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2026-01-15T23:59:59+00:00","items":["3.01","9.01"],"status":"ready","headline":"SPAR Group receives Nasdaq delisting notice for failing minimum bid price of $1.00 for 30 consecutive days","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notified SPAR Group on Jan 12, 2026, that its common stock (SGRP) failed to maintain a $1.00 minimum bid price over 30 consecutive business days.","The company has a 180-calendar-day compliance period to regain the bid price requirement.","Compliance can be regained if closing bid price is at least $1.00 for ten consecutive business days within that period.","If compliance is not achieved, Nasdaq may delist the stock; the company is evaluating options to address the deficiency."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":116467,"accession_number":"0001437749-25-037550","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-12-11T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"SPAR Group appoints Steven Hennen as CFO effective Dec 8, 2025; salary $375K","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Hennen succeeds Antonio Calisto Pato; Calisto Pato will advise through filing of FY 2025 10-K.","Hennen brings 25+ years of experience; most recently President & CFO of Baker & Taylor LLC.","Compensation: $375,000 base salary, eligible for performance bonus up to 60% of salary.","Effective December 8, 2025; announced December 10, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":116466,"accession_number":"0001437749-25-035593","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-11-18T23:59:59+00:00","items":["2.02","5.02","9.01"],"status":"ready","headline":"SPAR Group reports Q3 net loss of $8.8M; appoints William Linnane as CEO","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net loss $8.8M ($0.37 diluted EPS); adjusted EPS loss $0.10.","Revenue $41.4M; US/Canada net revenues up 28.2% YoY.","Gross margin 18.6% vs 22.3% YoY; restructuring costs $4M, unusual costs $1.6M.","Appointed William Linnane as CEO effective Nov 12, 2025, from President role.","ABL facilities amended/extended to $36M through Oct 2027."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.35,"consensus_revenue_estimate":null,"consensus_revenue_actual":114087000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":116465,"accession_number":"0001437749-25-031161","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-10-16T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"SPAR Group extends credit facility to Oct 2027, increases US revolver to $30M, waives defaults","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Term extended from Oct 2025 to Oct 2027; US revolver increased from $28M to $30M; Canadian facility increased to US$6M.","Unbilled accounts cap raised to $15M (US) and $2M (Canada) from $7M and CDN$800K.","Lender waived defaults for late July/Aug 2025 financials and unauthorized Canadian credit card debt/lien.","Interest rate remains Prime + 1.25% with 6.75% floor; facility fee of 0.60% on benchmark amounts.","Borrowers reaffirmed covenants and representations; post-closing conditions to address RBC lien."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":116464,"accession_number":"0001437749-25-030786","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-10-09T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"SPAR Group CEO Michael Matacunas retires; William Linnane becomes interim CEO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Michael Matacunas resigned as CEO and board member effective Oct 3, 2025, per previously announced transition agreement.","William Linnane, age 51, appointed interim CEO effective Oct 3, 2025; continues as President.","No disagreement with company; transition was previously disclosed on Aug 29, 2025 8-K.","Board will seek a permanent successor CEO."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132921,"accession_number":"0001437749-25-028031","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-08-29T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CEO Matacunas to retire Oct 3, gets $2M bonus; Linnane named President; two C-suite roles cut","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Michael Matacunas resigns as President effective Aug 25; will retire as CEO on Oct 3, 2025.","Matacunas receives $2M retention bonus, full vesting of May 2025 RSUs, and 3-year option extension upon release.","William Linnane promoted to President effective immediately; base salary $415K with bonus up to 100%.","Ron Lutz (Global CCO) and Kori Belzer (Global COO) retire as their positions are eliminated; severance of $588K and $871K respectively.","Matacunas's Change-in-Control Severance Agreement canceled, relieving the company of a $4M potential liability."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132920,"accession_number":"0001437749-25-027723","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-08-26T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"SPAR Group sells 220K shares at $2.00 (76% premium); demands $1.76M termination fee from Highwire","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Investor group (former Highwire supporters) bought 220K shares at $2.00 each, a 76% premium to Aug 25 close of $1.14.","Proceeds of $440,000; shares issued from treasury, avoiding dilution of existing shares.","SPAR demands full $1,758,728 termination fee from Highwire for failing to consummate the terminated merger.","CEO Matacunas calls the investment a strategic vote of confidence in the company's future value."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132919,"accession_number":"0001437749-25-027722","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-08-26T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"SPAR Group furnishes investor presentation for Midwest Ideas Conference; no material new data disclosed","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Presentation to be made on Aug 27, 2025; filed as Exhibit 99.1 but text not extractable.","Contains selected adjusted historical data and forward-looking statements; no specifics given in filing.","Company reiterates no obligation to update forward-looking information."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132918,"accession_number":"0001437749-25-027246","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-08-18T23:59:59+00:00","items":["2.02","5.02","9.01"],"status":"ready","headline":"SPAR Group Q2 revenue $38.6M, gross margin 23.5%, appoints three directors","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 net revenues $38.6M, up 13.5% sequentially; gross margin 23.5% vs 21.4% in Q1.","Adjusted EBITDA $1.3M (3.4% of sales); net income $0.00 per diluted share.","Total liquidity $15.1M ($13.9M cash + $1.2M availability) as of June 30, 2025.","William H. Bartels resigned from board; replaced by Tim Cook. John Bode and Linda Houston also appointed."],"consensus_eps_estimate":null,"consensus_eps_actual":0.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":72671000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132917,"accession_number":"0001437749-25-023099","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-07-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SPAR Group reports Q1 net income $0.5M; merger with Highwire Capital terminated","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net revenue $34.0M; net income from continuing ops $0.5M ($0.02 diluted EPS) vs $6.6M ($0.26) in Q1 2024 which included $7.2M non-cash gain.","Adjusted EBITDA $1.5M (4.4% of sales) vs $2.5M (5.0%) in prior year quarter.","US/Canada business achieved 6% topline growth; gross margin improved to 21.4% from 19.7%.","Merger agreement with Highwire Capital terminated due to Highwire's inability to produce funds; Board pursuing termination fee.","Company notes largest pipeline opportunity of >$200M; delayed filings attributable to expected going-private transaction."],"consensus_eps_estimate":null,"consensus_eps_actual":0.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":72671000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132916,"accession_number":"0001437749-25-022831","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-07-16T23:59:59+00:00","items":["4.02"],"status":"ready","headline":"SPAR Group restates FY2023-FY2024 financials; Brazilian JV sale misclassified as continuing ops","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Audited financial statements for FY2023 and FY2024, and interim 2024 periods, should no longer be relied upon.","Brazilian JV 51% stake sale (June 3, 2024) determined to be a strategic shift; will be restated as discontinued operations.","Presentation errors in Note 13 Segment Information also cited; material weaknesses in internal controls expanded.","Company plans to file amendment to 2024 Annual Report (10-K/A) and restate prior periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":149465,"accession_number":"0001437749-25-020780","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-06-18T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"SGRP shareholders reject say-on-pay and stock plan; Matacunas reappointed by contract after vote loss","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Say-on-pay failed: 7.18M for vs 10.45M against; stock plan also rejected (7.67M vs 9.97M).","Auditor ratification nearly split: 9.65M for vs 9.63M against; passed by ~13K votes.","Directors Bode, Houston, Matacunas each received more votes against than for; Matacunas reappointed by contract.","Frequency vote: 17.51M favored 1-year advisory frequency.","Voter turnout 82% (19.31M shares); only 3 of 7 nominees qualified as Super Independent."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.15,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":149464,"accession_number":"0001437749-25-018681","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-05-28T23:59:59+00:00","items":["3.01","9.01"],"status":"ready","headline":"SPAR Group regains Nasdaq compliance for 10-K but receives new deficiency notice for Q1 10-Q","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq confirmed compliance on May 21 after SPAR filed 2024 Form 10-K late on May 16.","Nasdaq issued a deficiency notice on May 22 for failure to timely file Q1 2025 Form 10-Q.","SPAR has 60 days from May 22 (by July 21, 2025) to submit a compliance plan to Nasdaq.","If plan accepted, Nasdaq may grant an exception until October 13, 2025 to file the 10-Q.","No immediate impact on listing or trading of SGRP shares; company is working to complete the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":149463,"accession_number":"0001437749-25-018341","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-05-23T23:59:59+00:00","items":["1.02"],"status":"ready","headline":"SPAR Group terminates merger with Highwire Capital; receives termination fee","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Merger agreement dated Aug 30, 2024 terminated May 23, 2025 after deal missed closing deadline.","SPAR issued conditional termination notice on May 15; Parent failed to close by May 22, 2025.","Under Section 7.06(b), Highwire Capital must pay Termination Fee to SPAR by May 28, 2025.","Termination fee amount not disclosed; SPAR remains an independent public company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":149462,"accession_number":"0001437749-25-017177","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-05-15T23:59:59+00:00","items":["4.02"],"status":"ready","headline":"SPAR Group restates Q2/Q3 2024 financials; Brazilian JV sale accounting error","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["On May 14, 2025, management and Audit Committee determined unaudited Q2 and Q3 2024 financials should not be relied upon.","Error: $7.5M loan from Brazilian JV sale wrongly classified as consideration instead of capital distribution.","Restatement will correct the error in the 2024 Annual Report; material weakness in internal controls identified.","Brazilian JV sale: total consideration $10.7M, carrying value $4.8M, economic benefit ~$5.9M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":149461,"accession_number":"0001437749-25-016119","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-05-12T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"SPAR Group appoints two directors to Brown Board Seats amid pending Highwire acquisition","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board appointed James R. Brown, Sr. and Panagiotis Lazaretos on May 6, effective immediately, filling Brown Board Seats per CIC Agreement.","Both previously served on Board and retired in Jan 2022 in connection with the CIC Agreement.","Appointment is 'unusual' given pending acquisition by Highwire Capital (announced Mar 17, 2025) and scheduled June 12 shareholder meeting.","James R. Brown, Sr. is brother of Robert G. Brown, founder and majority stockholder.","Panagiotis Lazaretos served as a paid consultant via Thenablers, Ltd. until July 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":149460,"accession_number":"0001437749-25-013344","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-04-28T23:59:59+00:00","items":["3.01","9.01"],"status":"ready","headline":"SPAR Group receives Nasdaq non-compliance notice for late filing of FY 2024 10-K","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notified SPAR on April 23, 2025, that it failed to timely file its annual report for year ended December 31, 2024.","Company has 60 days (by June 23, 2025) to submit a compliance plan to regain compliance.","If Nasdaq accepts the plan, it may grant an exception until October 13, 2025 to file the 10-K.","No immediate effect on listing or trading of SGRP common stock on Nasdaq.","SPAR is working diligently to complete the filing and maintain future SEC reporting timeliness."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":168541,"accession_number":"0001437749-25-007997","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-03-17T23:59:59+00:00","items":["3.01","8.01","9.01"],"status":"ready","headline":"SPAR Group gets Nasdaq extension to June 12 for annual meeting; merger financing extended to April 15","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq accepted compliance plan; annual meeting must be held by June 12, 2025 to avoid delisting.","Financing for Highwire Capital merger extended to April 15, 2025 under fourth extension of commitment letter.","Merger may be terminated by either party if not closed by May 30, 2025.","Company anticipates closing before April 15 but further extensions may be required."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":168540,"accession_number":"0001437749-25-000737","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2025-01-08T23:59:59+00:00","items":["3.01","9.01"],"status":"ready","headline":"SPAR Group receives Nasdaq deficiency notice for missing 2024 annual meeting due to pending going-private merger","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received Nasdaq Noncompliance Letter on Jan 3, 2025 for failing to hold annual meeting in 2024 as required by Listing Rule 5620.","Must submit compliance plan within 45 days (by Feb 18, 2025); if accepted, Nasdaq may grant exception until June 30, 2025.","Missed meeting due to pending all-cash acquisition by Highwire Capital; stockholders approved on Oct 25, 2024, parties working to close.","SPAR expects to go private after merger closing, after which shares would no longer trade on Nasdaq."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":185653,"accession_number":"0001437749-24-032130","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2024-10-25T23:59:59+00:00","items":["5.07","8.01","9.01"],"status":"ready","headline":"SPAR Group shareholders approve $2.50/share merger with Highwire Capital","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Special meeting held Oct 25, 2024; 11,891,675 voted for, 12,498 against, 1,174 abstained.","Shareholders to receive $2.50 cash per share under Merger Agreement dated Aug 30, 2024.","Transaction expected to close later in Q4 2024, subject to customary closing conditions.","Upon closing, SPAR Group will become a privately held company; SGRP will de-list from Nasdaq.","Compensation proposal for named executive officers also approved on advisory basis (11,019,540 for)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":185652,"accession_number":"0001437749-24-031355","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2024-10-16T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"SPAR Group sets Oct 25 special meeting for $2.50/share merger vote with Highwire Capital","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Special meeting to approve merger with Highwire Capital on Oct 25, 2024 at 12:00 p.m. ET via webcast.","Cash consideration of $2.50/share represents a 72% premium to Aug 30 closing price and 37.8% premium to 30-day VWAP.","Merger unanimously approved by SPAR Group Board; company will become private upon completion.","Stockholders can vote by phone (toll-free 866-388-7535) or internet; record date Oct 1, 2024.","If needed, meeting may be adjourned to allow more voting time on all proposals."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":185651,"accession_number":"0001437749-24-031259","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2024-10-15T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"SPAR Group faces two stockholder lawsuits over merger proxy; supplements disclosure","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Two lawsuits filed Oct 9, 2024 in NY Supreme Court (Harrison and Fitzpatrick) allege proxy omitted material information.","Company voluntarily supplements proxy to add financial table columns (Total Enterprise Value, etc.) and Lincoln fee details.","Lincoln received $300K for fairness opinion; also entitled to ~$2M success fee upon merger closing with Highwire Capital.","Board reiterates recommendation to vote FOR merger; special meeting remains scheduled for Oct 25, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":202224,"accession_number":"0001437749-24-028210","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2024-09-03T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"SPAR Group to be acquired by Highwire Capital for $2.50 per share in cash","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Merger consideration of $2.50 per share in cash; expected closing in Q4 2024.","20% shareholder William Bartels entered a voting agreement to support the merger.","Parent secured up to $115M in debt financing from Capital Platform for the deal.","Special committee of independent directors unanimously recommended the merger.","Shares to be delisted from Nasdaq and deregistered after closing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":202223,"accession_number":"0001437749-24-026944","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2024-08-15T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SPAR Group Q2 net income $3.6M ($0.15 EPS), up 467% YoY; Americas revenue up 37% in U.S.","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net revenues $57.3M, with Americas segment $54.0M; gross profit $11.0M (19.2% margin).","Net income attributable to SPAR $3.6M, diluted EPS $0.15, up 467% YoY; includes $4.9M gain on divestitures.","Closed divestitures of China and Brazil; cash increased to $21.7M, total liquidity $33.4M.","Repurchased 1 million shares under buyback program; $11M cash increase since year-end 2023.","'Go private' process from June 5 announcement remains underway; no further update provided."],"consensus_eps_estimate":0.0,"consensus_eps_actual":0.43,"consensus_revenue_estimate":null,"consensus_revenue_actual":125984000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":218302,"accession_number":"0001437749-24-019395","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2024-06-06T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"SPAR Group closes Brazil holding company sale for ~$12M, simplifying structure","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Closed sale of Brazilian holding company (majority stake in Brazil JV) on June 3, 2024 for ~$12M.","Transaction completed via leveraged buyout by a minority shareholder; proceeds return cash to SPAR.","CEO states sale simplifies operating structure; SPAR remains bullish on growth and profitability.","SPAR will maintain a relationship with the Brazil business to potentially add value to clients."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":218301,"accession_number":"0001437749-24-019274","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2024-06-05T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"SPAR Group enters non-binding LOI to be acquired by Highwire Capital for $2.50/sh ($58M)","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Highwire Capital offers $2.50 per share cash, ~$58M total, for all SPAR stock; represents 19% premium over 20-day avg and 107% over 12-month avg.","LOI is non-binding; execution requires definitive merger agreement, stockholder vote, regulatory approvals, and completion of due diligence.","Board and Special Committee unanimously approved LOI after 18+ month strategic review with Lincoln International; CEO states executive team expected to be retained.","45-day exclusivity period for Highwire; SPAR may consider other offers if fiduciary duty requires, but otherwise no competing discussions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":218300,"accession_number":"0001437749-24-017290","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2024-05-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SPAR Q1 revenue $68.7M (+7% YoY); EPS $0.28 vs $0.04; includes $7.2M gain on sale","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net revenues $68.7M, up 7% YoY; operating income $9.6M, up 204% from $3.2M.","Diluted EPS $0.28 vs $0.04 prior year; includes $7.2M pre-tax gain on business sales.","Adjusted diluted EPS $0.06 vs $0.05; adjusted EBITDA $3.4M vs $4.2M prior year.","Americas revenue up 12.5% on US/Canada remodel recovery; APAC -5.5%; EMEA -14.7%.","Sold Australia, China, South Africa, Brazil; bought 1M shares; owns 100% of US JV."],"consensus_eps_estimate":-0.0204,"consensus_eps_actual":0.28,"consensus_revenue_estimate":null,"consensus_revenue_actual":68693000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl+finnhub","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":218299,"accession_number":"0001437749-24-015248","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2024-05-08T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"SPAR Group repurchases 1M shares from director Bartels at $1.80/share under 2024 buyback program","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Approved private repurchase of 1,000,000 shares from director/co-founder William H. Bartels at $1.80 per share.","Transaction dated April 30, 2024; price equals Nasdaq closing price on April 29, 2024.","Repurchase occurs under $2.5M-share buyback program authorized by Board on March 28, 2024.","Bartels remains a director and significant stockholder after the transaction."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":218298,"accession_number":"0001437749-24-014361","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2024-05-02T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"SPAR Group closes sale of South Africa Meridian stake for R181M; expects $22M total from SA & Brazil","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Completed sale of 51% interest in South African JV Meridian for R180.7M (~$10M); 80% received at closing.","Remaining 20% of purchase price due Dec 31, 2024 or 2025 subject to financial triggers.","Also licensing SPAR technology and trademarks to Meridian post-sale.","Combined SA and Brazil divestitures expected to generate ~$22M in cash proceeds (per April 1 press release).","Prior divestitures of China, Australia, and National Merchandising Services JV complete the simplification plan."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":218297,"accession_number":"0001437749-24-010743","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2024-04-03T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"SPAR Group authorizes repurchase of up to 2,500,000 shares over one year","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved repurchase of up to 2,500,000 common shares from March 28, 2024 to March 28, 2025.","Repurchases may be made in open market or privately negotiated, subject to cash availability and market conditions.","Program allows use of shares for stock-based benefits, acquisitions, and other corporate purposes.","Compliance with Rule 10b-18 and company trading policy, including blackout period restrictions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":218296,"accession_number":"0001437749-24-010501","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2024-04-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SPAR Group Q4 revenue $65.1M; gross margin improves 210 bps; sells South Africa & Brazil JVs for ~$22M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net revenue $65.1M (up 0.7%); Americas $49.2M, EMEA $8.8M, APAC $7.1M.","Q4 gross profit $14.9M (22.9% margin), up from 20.7% prior year (210 bps improvement).","Full year 2023 revenue $262M (up ~1%); gross margin improved 160 bps to 21.1%.","U.S. merchandising revenue grew 20% YoY; Canada merchandising & remodeling revenue up >50%.","Signed sale agreements for South Africa & Brazil joint ventures; expected cash proceeds ~$22M USD."],"consensus_eps_estimate":-0.0204,"consensus_eps_actual":0.28,"consensus_revenue_estimate":null,"consensus_revenue_actual":68693000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":255722,"accession_number":"0001437749-23-032024","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2023-11-14T23:59:59+00:00","items":["2.02","3.01","5.02","5.07","9.01"],"status":"ready","headline":"SPAR Group Q3 rev $67.3M (-3.6%), net income $259k; Nasdaq warns on bid price <$1","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Q3 net revenue $67.3M (-3.6% YoY); gross profit $13.4M (19.9% margin vs 18.4% prior year).","Net income attributable to SPAR Group $259k ($0.01 EPS) vs loss of $32k in prior year; non-GAAP net income $570k.","Core merchandising business grew: US +27%, Canada +23%, Mexico +28%, Brazil +10%; APAC and EMEA declined.","Received Nasdaq deficiency letter on Nov 10; bid price below $1 for 30 consecutive days; compliance deadline May 8, 2024.","Robert G. Brown departed board; Peter W. Brown reappointed; annual meeting results ratified all proposals."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":255721,"accession_number":"0001437749-23-027658","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2023-10-04T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"SPAR Group appoints John Bode and Linda Houston as directors; James Gillis elected Chairman","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["John Bode and Linda Houston appointed to Board as Super Independent Directors effective October 4, 2023.","Bode appointed to Audit (Chair), Governance, and Special Committees; Houston to Governance (Chair), Audit, Compensation, and Special Committees.","James R. Gillis elected Chairman of the Board on October 4, 2023; Gillis joined Board on August 10, 2023.","Gillis chairs Compensation Committee; also serves on Audit, Governance, and Special Committees.","Bode is EVP/CFO of Postmedia Network Canada; Houston is wealth management consultant and former Bank of America executive."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":273155,"accession_number":"0001437749-23-025771","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2023-09-13T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Director Sean M. Whelan resigns from SPAR Group board effective Sept 30, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Sean M. Whelan resigned effective Sep 30, 2023; will not seek re-election at Nov 9 annual meeting.","He served as Audit Committee Chair and member of Governance and Compensation Committees; independent director.","Board will immediately begin search for an additional qualified Super Independent Director to fill vacancy.","Management thanked Whelan for his service; no disagreement or dispute mentioned."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":273154,"accession_number":"0001437749-23-024412","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2023-08-22T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"SPAR Group appoints James R. Gillis to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["James R. Gillis appointed to SPAR Group Board on August 10, 2023; accepted in writing on August 17, 2023.","Gillis appointed to Audit, Compensation, Governance, and Special Committees.","Gillis is CEO of Gillis & Associates, an M&A advisory firm, and former CEO of Source Interlink.","Previously served on boards of American Stock Transfer & Trust, Travelport Worldwide, and others."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":17596018.42515213,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":273153,"accession_number":"0001437749-23-023944","cik":1004989,"company_name":"SPAR Group, Inc.","ticker":"SGRP","form_type":"8-K","filed_at":"2023-08-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SPAR Group Q2 2023 revenue down 2.7% to $65.9M; EPS $0.03 vs $0.05 prior year","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $65.9M, -2.7% YoY; constant currency +0.8%. 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