{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-12T02:19:15.949491+00:00","company":{"ticker":"SGRP","cik":1004989,"company_name":"SPAR Group, Inc."},"pagination":{"limit":100,"returned":51,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"PC Group, Inc.","detail":"credit_facility","count":1,"first_seen":"2026-03-19T23:59:59+00:00","last_seen":"2026-03-19T23:59:59+00:00","evidence_fact_ids":[28226]},{"display_name":"Robert G. Brown and SPAR Business Services, Inc.","detail":"settlement","count":1,"first_seen":"2026-05-05T23:59:59+00:00","last_seen":"2026-05-05T23:59:59+00:00","evidence_fact_ids":[21714]}],"lender":[{"display_name":"North Mill Capital, LLC, d/b/a SLR Business Credit","detail":"credit_facility","count":1,"first_seen":"2023-03-02T23:59:59+00:00","last_seen":"2023-03-02T23:59:59+00:00","evidence_fact_ids":[174253]}]},"facts":[{"fact_type":"shareholder_vote","fact_key":"da91b87ef6797c8fa84036ddc8a42bc1740639ac","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2026-06-16T20:35:29+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-06-11","outcome":"passed","proposal_text":"To consider, ratify and approve the Board of Directors' adoption of the 2026 Stock Compensation Plan.","proposal_type":"equity_plan","results":[{"broker_non_votes":"2,265,330","subject":null,"votes_abstain":"25,693","votes_against":"9,133,458","votes_for":"9,355,921","votes_withheld":null}]},"claim":"SPAR Group, Inc. shareholders approved To consider, ratify and approve the Board of Directors' adoption of the 2026 Stock Compensation Plan. at the 2026-06-11 meeting.","evidence_excerpt":"The 2026 Stock Compensation Plan Proposal was voted as set forth below: Shares Voted For Shares Voted Against Abstentions Broker Non-Votes 9,355,921 9,133,458 25,693 2,265,330","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-26-020811","anchor_url":"https://secwatch.observer/filing/0001437749-26-020811#claim-da91b87ef6797c8fa84036ddc8a42bc1740639ac","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926020811/0001437749-26-020811-index.htm"},{"fact_type":"shareholder_vote","fact_key":"6d395821ca1f7e8f5a62c7d202f09d1b7b8894d7","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2026-06-16T20:35:29+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-06-11","outcome":"passed","proposal_text":"To approve, on an advisory basis, the compensation of the Corporation’s Named Executive Officers, as disclosed in the Proxy Statement (i.e., 'Say on Pay').","proposal_type":"say_on_pay","results":[{"broker_non_votes":"2,265,330","subject":null,"votes_abstain":"25,694","votes_against":"9,207,915","votes_for":"9,281,463","votes_withheld":null}]},"claim":"SPAR Group, Inc. shareholders approved To approve, on an advisory basis, the compensation of the Corporation’s Named Executive Officers, as disclosed in the Proxy Statement (i.e., 'Say on Pay'). at the 2026-06-11 meeting.","evidence_excerpt":"The Compensation Proposal was voted as set forth below: Shares Voted For Shares Voted Against Abstentions Broker Non-Votes 9,281,463 9,207,915 25,694 2,265,330","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-26-020811","anchor_url":"https://secwatch.observer/filing/0001437749-26-020811#claim-6d395821ca1f7e8f5a62c7d202f09d1b7b8894d7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926020811/0001437749-26-020811-index.htm"},{"fact_type":"shareholder_vote","fact_key":"4e7b3740d07bda5c550635da7dddf41d2a363349","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2026-06-16T20:35:29+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-06-11","outcome":"passed","proposal_text":"To ratify, on an advisory basis, the engagement and use of Grant Thornton LLP, as the principal independent registered accounting firm for the Corporation and its subsidiaries for the year ending December 31, 2026.","proposal_type":"auditor_ratification","results":[{"broker_non_votes":"0","subject":null,"votes_abstain":"3,835,485","votes_against":"31,024","votes_for":"16,913,893","votes_withheld":null}]},"claim":"SPAR Group, Inc. shareholders approved To ratify, on an advisory basis, the engagement and use of Grant Thornton LLP, as the principal independent registered accounting firm for the Corporation and its subsidiaries for the year ending December 31, 2026. at the 2026-06-11 meeting.","evidence_excerpt":"The Independent Registered Accounting Firm Proposal was voted as set forth below: Shares Voted For Shares Voted Against Abstentions Broker Non-Votes 16,913,893 31,024 3,835,485 0","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-26-020811","anchor_url":"https://secwatch.observer/filing/0001437749-26-020811#claim-4e7b3740d07bda5c550635da7dddf41d2a363349","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926020811/0001437749-26-020811-index.htm"},{"fact_type":"shareholder_vote","fact_key":"5a5baab7ad947d7c3d07aba61b955e5a7b5e86fb","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2026-06-16T20:35:29+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-06-11","outcome":"passed","proposal_text":"To reelect seven Directors of SGRP to serve on SGRP's Board of Directors during the ensuing year and until their respective successors have been duly elected and seated on the Board","proposal_type":"director_election","results":[{"broker_non_votes":"2,265,330","subject":"John Bode","votes_abstain":null,"votes_against":null,"votes_for":"8,853,799","votes_withheld":"9,661,273"},{"broker_non_votes":"2,265,330","subject":"James R. Brown, Sr.","votes_abstain":null,"votes_against":null,"votes_for":"11,222,991","votes_withheld":"7,292,081"},{"broker_non_votes":"2,265,330","subject":"Tim Cook","votes_abstain":null,"votes_against":null,"votes_for":"12,761,923","votes_withheld":"5,753,149"},{"broker_non_votes":"2,265,330","subject":"James R. Gillis","votes_abstain":null,"votes_against":null,"votes_for":"9,514,570","votes_withheld":"9,000,502"},{"broker_non_votes":"2,265,330","subject":"Linda Houston","votes_abstain":null,"votes_against":null,"votes_for":"8,851,316","votes_withheld":"9,663,756"},{"broker_non_votes":"2,265,330","subject":"Panagiotis Lazaretos","votes_abstain":null,"votes_against":null,"votes_for":"11,339,215","votes_withheld":"7,175,857"},{"broker_non_votes":"2,265,330","subject":"William Linnane","votes_abstain":null,"votes_against":null,"votes_for":"13,097,845","votes_withheld":"5,417,227"}]},"claim":"SPAR Group, Inc. shareholders approved To reelect seven Directors of SGRP to serve on SGRP's Board of Directors during the ensuing year and until their respective successors have been duly elected and seated on the Board at the 2026-06-11 meeting.","evidence_excerpt":"The Reelection of Directors Proposal was voted as set forth below: Shares Voted For Shares Voted Withhold Broker Non-Votes John Bode 8,853,799 9,661,273 2,265,330 James R. Brown, Sr. 11,222,991 7,292,081 2,265,330 Tim Cook 12,761,923 5,753,149 2,265,330 James R. Gillis 9,514,570 9,000,502 2,265,330 Linda Houston 8,851,316 9,663,756 2,265,330 Panagiotis Lazaretos 11,339,215 7,175,857 2,265,330 William Linnane 13,097,845 5,417,227 2,265,330","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-26-020811","anchor_url":"https://secwatch.observer/filing/0001437749-26-020811#claim-5a5baab7ad947d7c3d07aba61b955e5a7b5e86fb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926020811/0001437749-26-020811-index.htm"},{"fact_type":"equity_issuance","fact_key":"9dcf5343e82c541add0dc1e5c574ff9fbb65ecc9","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2026-06-03T20:45:29+00:00","payload":{"action":"private_placement","consideration_text":"$2,325,000","effective_date":"2026-05-29","item_codes_triggered":["3.02"],"purchaser":"ReposiTrak, Inc.","security_type":"common_stock","shares_text":"3,190,569 shares"},"claim":"SPAR Group, Inc. issued 3,190,569 shares of common stock to ReposiTrak, Inc. for $2,325,000.","evidence_excerpt":"On May 29, 2026, ReposiTrak elected to receive payment of the outstanding balance owed to ReposiTrak under Services Agreement in shares of Common Stock. SGRP issued to ReposiTrak 3,190,569 shares of SGRP’s Common Stock (the \" ReposiTrak Issuance \") at a deemed value of $0.728710119 per share, totaling $2,325,000, in satisfaction of amounts owed to ReposiTrak under the Services Agreement, which were issued on May 29, 206, without restrictions other than applicable securities laws.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-26-019390","anchor_url":"https://secwatch.observer/filing/0001437749-26-019390#claim-9dcf5343e82c541add0dc1e5c574ff9fbb65ecc9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926019390/0001437749-26-019390-index.htm"},{"fact_type":"earnings_release","fact_key":"07b7769844cfb7f8853f4bc93bb43418b2df4c99","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2026-05-12T12:15:14+00:00","payload":{"eps_text":"($0.02) per diluted share","guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":"GAAP Net loss attributable to SPAR Group, Inc. was ($553) thousand, or ($0.02) per diluted share","period_text":"first quarter ended March 31, 2026","report_date":"2026-05-12","result_type":"reported_results","revenue_text":"Net revenues were $30.5 million"},"claim":"SPAR Group, Inc. reported first quarter ended March 31, 2026 results: revenue Net revenues were $30.5 million, net income GAAP Net loss attributable to SPAR Group, Inc. was ($553) thousand, or ($0.02) per diluted share, EPS ($0.02) per diluted share. Guidance reaffirmed.","evidence_excerpt":"prudent capital allocation, with a clear focus on supporting growth while maintaining a solid balance sheet,” concluded Hennen. First Quarter 2026 Highlights ● Net revenues were $30.5 million, down 10.3% year-over-year, comprising U.S. revenues down 11.7% due to lower Remodel work, and Canada revenues up 3.0%. ● Consolidated Gross Margin was 22.3% of sales, a 90-basis","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001437749-26-016244","anchor_url":"https://secwatch.observer/filing/0001437749-26-016244#claim-07b7769844cfb7f8853f4bc93bb43418b2df4c99","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926016244/0001437749-26-016244-index.htm"},{"fact_type":"material_agreement","fact_key":"4574120dfaed55be558be7e096a611220ff677a5","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2026-05-05T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Settlement Agreement and Release","agreement_type":"settlement","counterparty":"Robert G. Brown and SPAR Business Services, Inc.","effective_date":"2026-05-01","item_codes_triggered":["1.01"],"value_text":null},"claim":"SPAR Group, Inc. entered into Settlement Agreement and Release with Robert G. Brown and SPAR Business Services, Inc. (effective 2026-05-01).","evidence_excerpt":"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.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-26-014906","anchor_url":"https://secwatch.observer/filing/0001437749-26-014906#claim-4574120dfaed55be558be7e096a611220ff677a5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926014906/0001437749-26-014906-index.htm"},{"fact_type":"auditor_change","fact_key":"706c3d2bcb8ac32b213240706c65e73460f7591c","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2026-04-13T23:59:59+00:00","payload":{"action":"engagement","auditor_name":"Grant Thornton LLP","disagreement_text":null,"effective_date":"2026-04-06","item_codes_triggered":["4.01"],"non_reliance_signal":"none","successor_auditor_name":null},"claim":"SPAR Group, Inc. engaged Grant Thornton LLP as its auditor.","evidence_excerpt":"On April 6, 2026, SGRP’s Audit Committee and Board, approved the engagement of Grant Thornton LLP (\" Grant Thornton \") as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-26-012159","anchor_url":"https://secwatch.observer/filing/0001437749-26-012159#claim-706c3d2bcb8ac32b213240706c65e73460f7591c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926012159/0001437749-26-012159-index.htm"},{"fact_type":"auditor_change","fact_key":"1133e5cf866215e7eb0700ef7fa3f6a4ceb23fd0","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2026-04-13T23:59:59+00:00","payload":{"action":"dismissal","auditor_name":"BDO USA, P.C.","disagreement_text":null,"effective_date":"2026-04-06","item_codes_triggered":["4.01"],"non_reliance_signal":"none","successor_auditor_name":null},"claim":"SPAR Group, Inc. dismissed BDO USA, P.C. as its auditor.","evidence_excerpt":"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.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-26-012159","anchor_url":"https://secwatch.observer/filing/0001437749-26-012159#claim-1133e5cf866215e7eb0700ef7fa3f6a4ceb23fd0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926012159/0001437749-26-012159-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"63fbdaffdfc6121b0a23fa7dd343bcc684e9e1c3","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2026-04-08T23:59:59+00:00","payload":{"company_response":null,"compliance_status":"deficient","cure_deadline":null,"deficiency_type":"minimum_bid_price","delisting_effective_date":null,"exchange":"nasdaq","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":null,"notice_date":"2025-12-31","notice_type":"noncompliance_notice","plan_due_date":null,"raw_rule_text":null,"reported_value":null,"rule_numbers":[],"rules_cited_in_text":false},"claim":"SPAR Group, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price.","evidence_excerpt":"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, reported stockholders' equity of $622,000, the Company no longer complies with Nasdaq's Listing Rule requiring a minimum of $2,500,000 in stockholders’ equity for continued listing, and the Company currently does not satisfy the alternatives of minimum market value of listed securities of $35 million","confidence":0.65,"filing_url":"https://secwatch.observer/filing/0001437749-26-011684","anchor_url":"https://secwatch.observer/filing/0001437749-26-011684#claim-63fbdaffdfc6121b0a23fa7dd343bcc684e9e1c3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926011684/0001437749-26-011684-index.htm"},{"fact_type":"earnings_release","fact_key":"3b2b5245e1ec965183f2a249d010e7d8c4e064c7","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2026-03-31T23:59:59+00:00","payload":{"eps_text":"$1.04 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"Net loss attributable to SPAR Group, Inc. was $24.6 million","period_text":"the periods ended December 31, 2025","report_date":"2026-03-31","result_type":"reported_results","revenue_text":"$136.1 million"},"claim":"SPAR Group, Inc. reported the periods ended December 31, 2025 results: revenue $136.1 million, net income Net loss attributable to SPAR Group, Inc. was $24.6 million, EPS $1.04 per diluted share.","evidence_excerpt":"SPAR Group, Inc. Reports 2025 Full Year and Fourth Quarter Results Full Year Sales of $136 Million, Up 3.3% on Comparable Basis for the U.S. and Canada","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001437749-26-010503","anchor_url":"https://secwatch.observer/filing/0001437749-26-010503#claim-3b2b5245e1ec965183f2a249d010e7d8c4e064c7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926010503/0001437749-26-010503-index.htm"},{"fact_type":"earnings_release","fact_key":"bf6e43aff3698fd452799c0be8bf5d1aeb9cf639","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2026-03-31T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"fiscal year 2026","report_date":"2026-03-31","result_type":"guidance_update","revenue_text":"$143 - $151"},"claim":"SPAR Group, Inc. reported fiscal year 2026 results: revenue $143 - $151. Guidance initiated.","evidence_excerpt":"the medium term as we continue to transform the organization, while remaining capital light in our investment approach.” In millions FY25 Actual FY26 Guidance Net Sales $ 136.1 $143 - $151 Gross Margins 15.9 % 20.5% - 22.5% SG&A, excl unusual items $ 32.2 $25.5 - $26.5 1 About SPAR Group, Inc. SPAR Group is an innovative services company offering","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-26-010507","anchor_url":"https://secwatch.observer/filing/0001437749-26-010507#claim-bf6e43aff3698fd452799c0be8bf5d1aeb9cf639","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926010507/0001437749-26-010507-index.htm"},{"fact_type":"material_agreement","fact_key":"669d4dc8460f49a1f4a5f093d9843a262b1fdff9","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2026-03-19T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Senior Unsecured Promissory Note","agreement_type":"credit_facility","counterparty":"PC Group, Inc.","effective_date":"2026-03-13","item_codes_triggered":["1.01"],"value_text":"$4,000,000"},"claim":"SPAR Group, Inc. entered into Senior Unsecured Promissory Note with PC Group, Inc. valued at $4,000,000 (effective 2026-03-13).","evidence_excerpt":"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.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-26-009050","anchor_url":"https://secwatch.observer/filing/0001437749-26-009050#claim-669d4dc8460f49a1f4a5f093d9843a262b1fdff9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926009050/0001437749-26-009050-index.htm"},{"fact_type":"governance_change","fact_key":"49217a13a8c455eaf7d06984bb4b5b1b24207c56","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2026-01-28T23:59:59+00:00","payload":{"change_type":"bylaw_amendment","effective_date":"2026-01-22","item_codes_triggered":["5.03"],"summary_text":"Amended the Amended and Restated By-Laws to change director voting standard from majority to plurality, adjust board size, revise notice periods, and other modifications."},"claim":"SPAR Group, Inc.: Amended the Amended and Restated By-Laws to change director voting standard from majority to plurality, adjust board size, revise notice periods, and other modifications (effective 2026-01-22).","evidence_excerpt":"On January 22, 2026, the Board adopted and approved amendments to the existing Amended and Restated By-Laws of the Corporation.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-26-002307","anchor_url":"https://secwatch.observer/filing/0001437749-26-002307#claim-49217a13a8c455eaf7d06984bb4b5b1b24207c56","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926002307/0001437749-26-002307-index.htm"},{"fact_type":"auditor_change","fact_key":"001962db0c49541baf75e21dd848accd384a0cdb","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2025-07-16T23:59:59+00:00","payload":{"action":"non_reliance","auditor_name":"BDO USA P.C.","disagreement_text":null,"effective_date":"2025-07-16","item_codes_triggered":["4.02"],"non_reliance_signal":"non_reliance","successor_auditor_name":null},"claim":"SPAR Group, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"On July 16, 2025, the management of the Company and the audit committee of the board of directors of the Company (the “ Audit Committee ”), in consultation with BDO USA P.C. (“ BDO ”), the Company’s independent registered public accounting firm, determined that the Company’s audited consolidated financial statements (collectively, the “ Financial Statements ”) for the fiscal years ended December 31, 2024 and December 31, 2023, as well as unaudited restated condensed consolidated financial information as of June 30, 2024 and September 30, 2024 and for the three and six months ended June 30, 2024 and 2023 and the three and nine months ended September 30, 2024 and 2023 (collectively, the “ Non-Reliance Periods ”) should not be relied upon.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-25-022831","anchor_url":"https://secwatch.observer/filing/0001437749-25-022831#claim-001962db0c49541baf75e21dd848accd384a0cdb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774925022831/0001437749-25-022831-index.htm"},{"fact_type":"auditor_change","fact_key":"f455a8d396f32a32eb2df52631660f5670ad4053","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2025-05-15T23:59:59+00:00","payload":{"action":"non_reliance","auditor_name":"BDO USA P.C.","disagreement_text":null,"effective_date":"2025-05-14","item_codes_triggered":["4.02"],"non_reliance_signal":"restatement","successor_auditor_name":null},"claim":"SPAR Group, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"Management and the Audit Committee of the Company have determined that these errors in the unaudited condensed consolidated financial statements for the Non-Reliance Periods required a restatement of the Prior Period Financial Statements (the “Restatement”). The errors in the unaudited condensed consolidated financial statements for the Non-Reliance Periods noted above will be corrected in restated financial statements for the Non-Reliance Periods in the 2024 Annual Report.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-25-017177","anchor_url":"https://secwatch.observer/filing/0001437749-25-017177#claim-f455a8d396f32a32eb2df52631660f5670ad4053","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774925017177/0001437749-25-017177-index.htm"},{"fact_type":"executive_change","fact_key":"491c3cd693","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2025-05-12T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-05-06","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Panagiotis Lazaretos was appointed as Director at SPAR Group, Inc..","evidence_excerpt":"On May 6, 2025, the Board of Directors of SGRP (the \" Board \") appointed Mr. James R. 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Nasdaq Listing Rule 5620(a) requires that a listed company hold an annual meeting of shareholders (the \" Annual Meeting Rule \"). In the Nasdaq Noncompliance Letter, Nasdaq said that SGRP had 45 calendar days to submit a plan to Nasdaq to regain compliance with the Annual Meeting Rule (the \" Compliance Plan \"). If Nasdaq in its discretion accepts SGRP's Compliance Plan, Nasdaq can grant an exception of up to 180 calendar days from the fiscal year end, or until June 30, 2025","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001437749-25-007997","anchor_url":"https://secwatch.observer/filing/0001437749-25-007997#claim-6e37eb1d0e671fcd16f79c72a930dac13d0f8352","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774925007997/0001437749-25-007997-index.htm"},{"fact_type":"earnings_release","fact_key":"52860abc4e3545b49e4d172629371ae696f6eadc","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2024-05-16T23:59:59+00:00","payload":{"eps_text":"$0.28","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$6.6 million","period_text":"first quarter ended March 31, 2024","report_date":"2024-05-15","result_type":"reported_results","revenue_text":"$68.7 million"},"claim":"SPAR Group, Inc. reported first quarter ended March 31, 2024 results: revenue $68.7 million, net income $6.6 million, EPS $0.28.","evidence_excerpt":"(EXHIBIT 99.1) ---\n\nEX-99.1 2 ex_674866.htm EXHIBIT 99.1 ex_674866.htm Exhibit 99.1 SPAR Group, Inc. Reports First Quarter 2024 Results May 15, 2024 • Consolidated Revenues of $68.7 million, up 7% from Last Year • U.S. and Canada Revenues up 22% from Last Year • Consolidated Operating Income of $9.6 million compared to $3.2 million Last Year • Diluted EPS of $0.28","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001437749-24-017290","anchor_url":"https://secwatch.observer/filing/0001437749-24-017290#claim-52860abc4e3545b49e4d172629371ae696f6eadc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774924017290/0001437749-24-017290-index.htm"},{"fact_type":"earnings_release","fact_key":"a1f93dde5f037367edd03a7e0025274290a1d948","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2024-04-02T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the fourth quarter ended December 31, 2023","report_date":"2024-04-01","result_type":"reported_results","revenue_text":"$65.1 million"},"claim":"SPAR Group, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $65.1 million.","evidence_excerpt":"Net revenues were $65.1 million, comprised of $49.2 million from the Americas segment (75.7%), $8.8 million from EMEA (13.5%), and $7.1 million from APAC (10.8%).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-24-010501","anchor_url":"https://secwatch.observer/filing/0001437749-24-010501#claim-a1f93dde5f037367edd03a7e0025274290a1d948","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774924010501/0001437749-24-010501-index.htm"},{"fact_type":"earnings_release","fact_key":"673063736c70cc2842fa901d3b00a467d29f7ebd","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2023-11-14T23:59:59+00:00","payload":{"eps_text":"$0.01 per share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$259 thousand","period_text":"third quarter ended September 30, 2023","report_date":"2023-11-14","result_type":"reported_results","revenue_text":"$67.3 million"},"claim":"SPAR Group, Inc. reported third quarter ended September 30, 2023 results: revenue $67.3 million, net income $259 thousand, EPS $0.01 per share.","evidence_excerpt":"remain committed to this work and unlocking the potential of this great company for years to come,” concluded Matacunas. Third Quarter 2023 Financial Results Net revenues were $67.3 million, comprised of $53.8 million from Americas (79.9%), $7.9 million from EMEA (11.7%), and $5.7 million from APAC (8.4%). Total net revenue decreased by 3.6%, down 4.5% on a constant","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001437749-23-032024","anchor_url":"https://secwatch.observer/filing/0001437749-23-032024#claim-673063736c70cc2842fa901d3b00a467d29f7ebd","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774923032024/0001437749-23-032024-index.htm"},{"fact_type":"shareholder_vote","fact_key":"df8258200c5bafbdf1c09a663e265b88d2f6d321","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2023-11-14T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-11-09","outcome":"passed","proposal_text":"Select frequency of advisory vote on executive compensation","proposal_type":"say_on_pay_frequency","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"1,531","votes_against":null,"votes_for":"8,087,667","votes_withheld":null}]},"claim":"SPAR Group, Inc. shareholders approved Select frequency of advisory vote on executive compensation at the 2023-11-09 meeting.","evidence_excerpt":"\" One (1) Year \" \" Two (2) Years \" \" Three (3) Years \" Abstain 8,087,667 2,073 50,160 1,531","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-23-032024","anchor_url":"https://secwatch.observer/filing/0001437749-23-032024#claim-df8258200c5bafbdf1c09a663e265b88d2f6d321","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774923032024/0001437749-23-032024-index.htm"},{"fact_type":"shareholder_vote","fact_key":"2620d6a76fb769e300d2974394cbf0c70a1bb1e1","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2023-11-14T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-11-09","outcome":"passed","proposal_text":"Approve compensation of Named Executive Officers","proposal_type":"say_on_pay","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"15,548","votes_against":"33,458","votes_for":"8,092,425","votes_withheld":null}]},"claim":"SPAR Group, Inc. shareholders approved Approve compensation of Named Executive Officers at the 2023-11-09 meeting.","evidence_excerpt":"For A g ainst Abstain 8,092,425 33,458 15,548","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-23-032024","anchor_url":"https://secwatch.observer/filing/0001437749-23-032024#claim-2620d6a76fb769e300d2974394cbf0c70a1bb1e1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774923032024/0001437749-23-032024-index.htm"},{"fact_type":"shareholder_vote","fact_key":"37f245ba8ab437de704cd26d1558c05835f93b6d","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2023-11-14T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-11-09","outcome":"passed","proposal_text":"Ratify appointment of BDO USA, LLP as independent registered accounting firm","proposal_type":"auditor_ratification","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"5,080","votes_against":"13,787","votes_for":"14,320,123","votes_withheld":null}]},"claim":"SPAR Group, Inc. shareholders approved Ratify appointment of BDO USA, LLP as independent registered accounting firm at the 2023-11-09 meeting.","evidence_excerpt":"For A g ainst Abstain 14,320,123 13,787 5,080","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-23-032024","anchor_url":"https://secwatch.observer/filing/0001437749-23-032024#claim-37f245ba8ab437de704cd26d1558c05835f93b6d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774923032024/0001437749-23-032024-index.htm"},{"fact_type":"shareholder_vote","fact_key":"9225a33c99da01da42ceeba8ff734c5cab516bf1","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2023-11-14T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-11-09","outcome":"passed","proposal_text":"Reelect three directors","proposal_type":"director_election","results":[{"broker_non_votes":null,"subject":"John Bode","votes_abstain":"13,472","votes_against":"295,635","votes_for":"7,832,324","votes_withheld":null},{"broker_non_votes":null,"subject":"James R. 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The Nasdaq Bid Price Deficiency Letter provides that SGRP has until May 8, 2024, as a grace period to regain compliance with the Bid Price Rule by maintaining a closing bid price of $1.00 per share for a minimum of ten consecutiv","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0001437749-23-032024","anchor_url":"https://secwatch.observer/filing/0001437749-23-032024#claim-244622fdba8cc823dd0d40e3b9fccd2f9b6feeff","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774923032024/0001437749-23-032024-index.htm"},{"fact_type":"executive_change","fact_key":"a783b11b6b","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2023-11-14T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"retirement","effective_date":"2023-11-09","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Robert G. Brown resigned as Director at SPAR Group, Inc..","evidence_excerpt":"Mr. Robert G. Brown was not reelected and ceased being a director on the Board pursuant to his non-candidacy, his resignation and retirement letter, and applicable law.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001437749-23-032024","anchor_url":"https://secwatch.observer/filing/0001437749-23-032024#claim-a783b11b6b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774923032024/0001437749-23-032024-index.htm"},{"fact_type":"executive_change","fact_key":"140328a665","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2023-11-14T23:59:59+00:00","payload":{"action":"reappointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-11-09","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Peter W. 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Whelan resigned as Director at SPAR Group, Inc..","evidence_excerpt":"On September 7, 2023, in an e-mail to the Corporation, Mr. Sean M. Whelan resigned from the Corporation's Board of Directors, (the \" Board \") and its Committees, effective September 30, 2023","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001437749-23-025771","anchor_url":"https://secwatch.observer/filing/0001437749-23-025771#claim-e36f06fb10","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774923025771/0001437749-23-025771-index.htm"},{"fact_type":"executive_change","fact_key":"5c964fd32a","cik":1004989,"ticker":"SGRP","company_name":"SPAR Group, Inc.","filed_at":"2023-08-22T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-08-10","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"James R. 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