Core Viewpoint - Robert G. Brown, a founder and significant shareholder of SPAR Group, Inc., has responded to the company's press release, emphasizing the need for the Board to address the decline in stock price and consider his recommendations for improving shareholder value [1][3][4]. Company Response and Stock Performance - The SPAR June 11 Release did not explain the stock price drop from $2.97 on June 3, 2024, to $1.02 on May 29, 2025, nor did it outline a strategy to increase the stock price [3][4]. - Mr. Brown holds 6,469,683 shares of common stock in SPAR Group, indicating his vested interest in the company's performance [1]. Recommendations by Mr. Brown - Mr. Brown proposed five key actions for the Board's consideration: 1. A buyback of 6,000,000 shares [6]. 2. A quarterly dividend of $0.02 per share [6]. 3. A review of the Company's Amended and Restated Bylaws to ensure alignment with shareholder interests [6]. 4. An evaluation of Board compensation, suggesting that a portion be tied to share price performance [6]. 5. A review of management compensation to ensure it is aligned with delivering shareholder value [6]. Board's Response to Recommendations - The SPAR June 11 Release did not address Mr. Brown's recommendations, which he believes are crucial for the benefit of all shareholders [4][7]. - Mr. Brown criticized the company's response for focusing on personal attacks rather than addressing substantive issues [7]. Call for Transparency - Mr. Brown urged the Board to be transparent and communicate its position on his recommendations to shareholders [8].
Robert G. Brown, a Founder of SPAR Group, Inc., (SGRP) Responds to SPAR Group, Inc., June 11, 2025, Press Release