---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-016119"
form_type: "8-K"
ticker: "SGRP"
cik: "0001004989"
company_name: "SPAR Group, Inc."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T22:40:37.770658+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# SPAR Group appoints two directors to Brown Board Seats amid pending Highwire acquisition

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-016119
- form_type: 8-K
- ticker: SGRP
- cik: 0001004989
- company_name: SPAR Group, Inc.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004989/000143774925016119/0001437749-25-016119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004989/000143774925016119/sgrp20250507_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-016119
- JSON: https://secwatch.observer/filing/0001437749-25-016119.json
- Plain text: https://secwatch.observer/filing/0001437749-25-016119.txt

## Key facts
- Executive change
  Panagiotis Lazaretos was appointed as Director at SPAR Group, Inc..
  - Action: appointed
  - Role: Director
  source text: On May 6, 2025, the Board of Directors of SGRP (the " Board ") appointed Mr. James R. Brown, Sr. and Mr. Panagiotis Lazaretos to rejoin the Board as Directors, effectively immediately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004989/000143774925016119/0001437749-25-016119-index.htm
- Executive change
  James R. Brown, Sr. was appointed as Director at SPAR Group, Inc..
  - Action: appointed
  - Role: Director
  source text: On May 6, 2025, the Board of Directors of SGRP (the " Board ") appointed Mr. James R. Brown, Sr. and Mr. Panagiotis Lazaretos to rejoin the Board as Directors, effectively immediately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004989/000143774925016119/0001437749-25-016119-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.