SPAR Group is a leading merchandising and marketing services company in North America, providing a broad range of services to retailers, manufacturers, and distributors. With more than 50 years of experience, merchandising across the United States and Canada, an average of 30,000+ store visits a week, and long-term relationships with leading manufacturers and retail businesses, we provide specialized capabilities across North America. Our unique combination of scale, merchandising, and marketing expertise, ...

Strengthening quarterly sales, up 13.5% from first quarter, with stronger gross margins of 23.5% after 2024 divestitures of previously consolidated international JVs AUBURN HILLS, Mich., Aug. 14, 2025 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) ("SPAR," "SPAR Group" or the "Company"), a leading provider of merchandising, marketing, and distribution services, today reported financial and operating results for the three and six months ended June 30, 2025. Mike Matacunas, the Company's President and Ch ...

Core Viewpoint - SPAR Group, Inc. is responding to false claims made by Robert G. Brown, a former chairman, regarding the company's board and management, asserting that his demands are self-serving and not in the interest of all shareholders [1][2][3]. Group 1: Background on Robert G. Brown - Robert G. Brown, who founded SPAR in 1967, has a history of disrupting the board for personal gain, leading to the resignation of independent directors and multiple CEOs [4]. - Brown's recent demands include $15 million in cash, $900,000 annually in consulting fees, and a long-term service agreement with his defunct business, which the board views as solely benefiting him [3][4]. Group 2: Board's Position and Actions - The board emphasizes that Brown has significant influence, holding two dedicated seats on the board and the ability to remove a director to gain further control [6][7]. - The board has stated that it is in compliance with its by-laws and has not improperly refused other candidates for director nominations [10]. Group 3: Financial and Legal Context - Brown is currently in violation of Section 16(b) of the Securities Exchange Act of 1934, and the company has demanded he return profits from short-swing trades [5]. - The company reported a loss in 2024 due to accounting treatment related to a joint venture sale, but asserts that its balance sheet remains strong [10]. Group 4: Shareholder Engagement and Recommendations - The board encourages shareholders to support the proposed Stock Compensation Plan, which aims to align executive compensation with performance [9]. - The company has set June 12, 2025, as the date for the annual meeting of stockholders and continues to welcome nominations that comply with its by-laws [10][12].

Core Points - SPAR Group, Inc. received a notification from Nasdaq regarding compliance with its financial reporting obligations, specifically for its Quarterly Report on Form 10-Q for the period ended March 31, 2025 [1][2] - The company has been granted 60 calendar days to submit a plan to regain compliance, with a potential extension until October 13, 2025, if the plan is accepted [2] - SPAR Group is actively working to complete its Fiscal 2025 Form 10-Q to maintain compliance with SEC reporting obligations [3] Company Overview - SPAR Group is a leading provider of merchandising, marketing, and distribution services, with over 50 years of experience in the industry [9] - The company differentiates itself by offering flexible, scalable, and innovative solutions to major brands and retailers [9]