CEO Matacunas to retire Oct 3, gets $2M bonus; Linnane named President; two C-suite roles cut

SPAR Group, Inc.

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.

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