Core Viewpoint - SPAR Group, Inc. announced it will not timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, due to the need for additional time to finalize its consolidated financial statements [1][2]. Group 1: Filing Delay - The delay in filing the Annual Report is attributed to the extended closing of a merger transaction and the conversion to a new ERP system [3]. - The company is working with its independent registered accounting firm to complete the audit procedures necessary for the report [3]. Group 2: Future Reporting - SPAR Group plans to file the Annual Report as soon as the year-end audit work is completed, but it is currently not in a position to meet the 15-calendar-day extension period provided by the Form 12b-25 filing [2][3]. - The company expects to file its definitive Proxy Statement regarding the 2025 Annual Meeting of Stockholders on or about April 30, 2025 [4]. Group 3: Company Overview - SPAR Group is a leading merchandising and marketing services company with over 50 years of experience, providing a wide range of services to retailers, manufacturers, and distributors [9]. - The company differentiates itself by offering flexible, scalable, and innovative solutions to some of the world's leading brands and retailers [9].
SPAR Group, Inc. Continues Work on Annual Report on Form 10-K for Fiscal Year ended December 31, 2024