---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-028031"
form_type: "8-K"
ticker: "SGRP"
cik: "0001004989"
company_name: "SPAR Group, Inc."
filed_at: "2025-08-29T23:59:59+00:00"
generated_at: "2026-05-17T09:08:11.023835+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-028031
- form_type: 8-K
- ticker: SGRP
- cik: 0001004989
- company_name: SPAR Group, Inc.
- filed_at: 2025-08-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004989/000143774925028031/0001437749-25-028031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004989/000143774925028031/sgrp20250828_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-028031
- JSON: https://secwatch.observer/filing/0001437749-25-028031.json
- Plain text: https://secwatch.observer/filing/0001437749-25-028031.txt

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