SPAR Group Files 8-K

TL;DR

SPAR Group filed an 8-K on May 8th, reporting events as of May 3rd. Details are sparse in this excerpt.

AI Summary

SPAR Group, Inc. filed an 8-K on May 8, 2024, reporting other events and financial statements/exhibits as of May 3, 2024. The filing does not contain specific financial figures or details about the 'other events' within the provided text.

Why It Matters

This filing indicates that SPAR Group, Inc. has submitted a current report to the SEC, which may contain material updates or disclosures relevant to investors.

Risk Assessment

Risk Level: low — The provided text is a standard SEC filing header and does not contain specific operational or financial risks.

Key Players & Entities

• SPAR Group, Inc. (company) — Registrant
• May 3, 2024 (date) — Earliest event reported
• May 8, 2024 (date) — Date of report
• 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 Mar
• $1.80 — April 30, 2024, at a purchase price of $1.80 per share (the Nasdaq closing price on

Filing Documents

• sgrp20240503c_8k.htm (8-K) — 34KB
• 0001437749-24-015248.txt ( ) — 165KB
• sgrp-20240503.xsd (EX-101.SCH) — 3KB
• sgrp-20240503_def.xml (EX-101.DEF) — 11KB
• sgrp-20240503_lab.xml (EX-101.LAB) — 15KB
• sgrp-20240503_pre.xml (EX-101.PRE) — 11KB
• sgrp20240503c_8k_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events . On May 3, 2024, SGRP's Board of Directors (the " Board ") and its Audit Committee approved SGRP's Repurchase Agreement with William H. Bartels for SGRP's private repurchase of 1,000,000 shares of SGRP's Common Stock from William H. Bartels, dated and effective as of April 30, 2024, at a purchase price of $1.80 per share (the Nasdaq closing price on April 29, 2024). Mr. Bartels is a Director and significant stockholder of SGRP, is one of the founders of the Company, and is an affiliate and related party of SGRP. See Item 10 - Directors, Executive Officers and Corporate Governance in SGRP's Amendment to its 2023 Annual Report on Form 10-K/A as filed with the SEC on April 30, 2024. SGRP's repurchase was made pursuant to SGRP's 2024 Stock Repurchase Program, as approved by the Board on March 28, 2024, pursuant to which SGRP may repurchase of up to 2,500,000 of its shares of Common Stock from time to time over a one-year period in the open market and through privately-negotiated transactions. For more information on that program, see SGRP's Current Report on Form 8-K as filed with the SEC on April 1, 2024.

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, adding 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

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits: 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: May 8, 2024 By: /s/ Michael R. Matacunas Michael R. Matacunas, President & CEO

View Full Filing

View this 8-K filing on SEC EDGAR