SPAR Group, Inc. (SGRP) Group of Large Shareholders Demand the Directors Who Were Not Re-Elected to the Board of Directors at the 2024 Annual Meeting of Shareholders Held on June 12, 2025, Abide by the SGRP Bylaws

Core Points - A group of large shareholders of SPAR Group, Inc. is demanding that two directors, Linda Houston and John Bode, who were not re-elected at the 2024 Annual Shareholders' Meeting, comply with the company's Bylaws regarding their resignation [2][4] - The Bylaws state that a director must submit a written irrevocable letter of resignation prior to their election or re-election, which becomes effective if they fail to receive the required majority vote [2] - The voting results showed that Linda Houston received 8,041,083 votes for and 9,714,561 against, while John Bode received 8,023,093 votes for and 9,747,031 against, indicating their failure to be re-elected [3] Shareholder Actions - The shareholders, led by Robert G. Brown, have formally notified SPAR's legal counsel that Houston and Bode should have resigned immediately following the Shareholder Meeting on June 12, 2025 [3][5] - As of July 22, 2025, neither Houston nor Bode has resigned, prompting the shareholders to urge the Board to respect the voting outcomes and adhere to the Bylaws [4][5]