SPAR Group Files 8-K: Other Events & Financials

TL;DR

SPAR Group filed an 8-K on 3/28. Details TBD.

AI Summary

SPAR Group, Inc. filed an 8-K on April 3, 2024, reporting other events and financial statements as of March 28, 2024. The filing does not contain specific details about the nature of these events or financial figures within the provided text.

Why It Matters

This filing indicates that SPAR Group, Inc. has made a regulatory submission concerning its business operations and financial status, which could be relevant for investors monitoring the company's disclosures.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report of events and exhibits without immediate negative or positive financial implications disclosed in the provided text.

Key Players & Entities

• SPAR Group, Inc. (company) — Registrant
• March 28, 2024 (date) — Date of earliest event reported
• April 3, 2024 (date) — Date of report
• Delaware (jurisdiction) — State of Incorporation
• 1910 Opdyke Court, Auburn Hills, MI 48326 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ge on which registered Common Stock , $0.01 par value SGRP The Nasdaq Stock Mark

Filing Documents

• sgrp20240401_8k.htm (8-K) — 34KB
• ex_648641.htm (EX-99.1) — 18KB
• 0001437749-24-010743.txt ( ) — 188KB
• sgrp-20240328.xsd (EX-101.SCH) — 3KB
• sgrp-20240328_def.xml (EX-101.DEF) — 11KB
• sgrp-20240328_lab.xml (EX-101.LAB) — 15KB
• sgrp-20240328_pre.xml (EX-101.PRE) — 11KB
• sgrp20240401_8k_htm.xml (XML) — 3KB

01

Item 8.01. Other Events . On March 28, 2024, SGRP's Board of Directors (the " Board ") approved SGRP's repurchase of up to 2,500,000 of SGRP's Shares of Common Stock (" SGRP Shares ") pursuant to the 2024 Stock Repurchase Program (the " 2024 Stock Repurchase Program "), which repurchases would be made from time to time over a one-year period in the open market and through privately-negotiated transactions, subject to cash availability and general market and other conditions. Market repurchases under the 2024 Stock Repurchase Program will comply with the SPAR Group Statement of Policy Regarding Personal Securities Transactions in SGRP Stock and Non-Public Information Dated, Adopted and Effective as of May 1, 2004, and As Further Amended Through March 10, 2011, as amended (the " SGRP's Trading Policy "). Accordingly, no market repurchases will occur during any blackout period established under SGRP's Trading Policy other than pursuant to permitted trading instructions (which cannot be terminated or modified during the blackout period). The description of the 2024 Stock Repurchase Program above is subject to and are qualified in its entirety by the full text of the 2024 Stock Repurchase Program that is attached to this Current Report on Form 8-K (this " Report ") as Exhibit 99.1 and is hereby incorporated herein by reference.

Forward Looking Statements

Forward Looking Statements This Current Report on Form 8-K and its exhibits (collectively, this " Current Report ") contain "forward-looking statements" within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, made by, or respecting, the Company, and this Current Report has been filed by the Corporation with the SEC. "Forward-looking statements" are defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act and other applicable Securities Laws. All statements (other than those that are purely historical) are forward-looking statements. Words such as "may," "will," "expect," "intend," "believe," "estimate," "anticipate," "continue," "plan," "project," or the negative of these terms or other similar expressions also identify forward-looking statements. Forward-looking statements made by the Corporation in this Current Report may include (without limitation) statements regarding: risks, uncertainties, cautions, circumstances and other factors (" Risks ") such as (among other things) the impact of the strategic review process or any resulting action or inaction, the impact of selling certain of the Company's subsidiaries or any resulting impact on revenues, earnings or cash, the impact of adding new directors or new finance team members, the potential negative effects of any stock purchase and/or payment, the potential negative effects of the novel coronavirus and COVID-19 pandemic on the Company's business, the Company's cash flow or financial condition, or the pursuit or achievement of the Company's corporate objectives. You should carefully review and consider the Company's forward-looking statements (including all risk factors and other cautions and uncertainties) and other information made, contained or noted in or incorporated by reference into this Current Report, but you should not place undue reliance on any of them. The results, actions, levels of activity, performance, achievements or co

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits: 99.1 2024 Stock Repurchase Program 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. SPAR Group, Inc. Date: April 3, 2024 By: /s/ Michael R. Matacunas Michael R. Matacunas, President & CEO

View Full Filing

View this 8-K filing on SEC EDGAR