STOCK TITAN

Low turnout delays SPAR Group (NASDAQ: SGRP) special shareholder vote

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

SPAR Group, Inc. reported that its July 6, 2026 special meeting of stockholders could not conduct any business because there was no quorum. As of the June 16, 2026 record date, 28,398,560 shares of common stock were outstanding and entitled to vote.

The special meeting was adjourned under the company’s bylaws and will reconvene virtually on July 10, 2026 at 12:00 p.m. Eastern Time. The record date remains June 16, 2026, and previously submitted valid proxies will be used at the reconvened meeting unless properly revoked.

Positive

  • None.

Negative

  • None.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Shares outstanding entitled to vote 28,398,560 shares As of record date June 16, 2026 for the special meeting
Special meeting date July 6, 2026 Initial special meeting convened but no quorum present
Reconvened meeting date July 10, 2026 Adjourned special meeting reconvenes virtually at 12:00 p.m. Eastern Time
Common stock par value $0.01 per share SPAR Group common stock listed on Nasdaq under symbol SGRP
Record date June 16, 2026 Determines stockholders entitled to vote at original and reconvened meeting
quorum regulatory
"Stockholders holding less than the voting power required for a quorum were present"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
record date regulatory
"As of the record date for the Special Meeting, June 16, 2026"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
proxy regulatory
"Valid proxies previously submitted in respect of the Special Meeting will be voted"
A proxy is the authorization a shareholder gives to another person or document to cast votes on their behalf at a company meeting. Think of it like handing someone your voting ticket so they can represent your choices on board elections, executive pay, mergers and other big decisions; it matters because proxies determine who controls the company and which proposals pass, directly affecting share value and investor returns.
forward-looking statements regulatory
"contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Nasdaq financial
"has listed its shares of common stock ... through the Nasdaq Stock Market LLC"
The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

FAQ

Why did SPAR Group (SGRP) adjourn its July 6, 2026 special meeting?

The special meeting was adjourned because a quorum was not present. Stockholders holding less than the required voting power attended or were represented by proxy, so no business could be conducted under the company’s bylaws.

When will SPAR Group’s adjourned special meeting reconvene?

The adjourned special meeting will reconvene virtually on July 10, 2026 at 12:00 p.m. Eastern Time. It will address the same proposals described in SPAR Group’s previously distributed proxy materials and definitive proxy statement filed June 26, 2026.

What is the record date and share count for SPAR Group’s special meeting?

The record date for voting at SPAR Group’s special meeting is the close of business on June 16, 2026. As of that date, 28,398,560 shares of common stock were outstanding and entitled to vote at the special meeting.

Do SPAR Group stockholders need to vote again for the reconvened special meeting?

Stockholders who already voted do not need to vote again. Valid proxies previously submitted will be voted at the reconvened special meeting in the same manner, unless properly revoked before the reconvened date.

What proposals will be considered at SPAR Group’s reconvened special meeting?

The reconvened special meeting will consider the same proposals described in SPAR Group’s prior proxy materials. These include matters outlined in the definitive proxy statement filed with the SEC on June 26, 2026 for this special meeting.
false 0001004989 0001004989 2026-07-06 2026-07-06
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): July 6, 2026
 
SPAR Group, Inc.
 
 
 

(Exact Name of Registrant as Specified in Charter)
 
Delaware
0-27408
33-0684451
(State or Other Jurisdiction of Incorporation)
(Commission File No.)
(IRS Employer Identification No.)
 
 
110 East Boulevard, Suite 1600Charlotte,
NC
 
28203
(Address of Principal Executive Offices)
 
(Zip Code)
 
Registrant's telephone number, including area code: (704837-1651
 
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a - 12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which
registered
Common Stock, $0.01 par value
SGRP
The Nasdaq Stock Market LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 

 
Introductory Note
 
SPAR Group, Inc. ("SGRP" or the "Corporation", and together with its subsidiaries, the "Company", "SPAR" or "SPAR Group") has listed its shares of common stock, par value $0.01 ("Common Stock") for trading through the Nasdaq Stock Market LLC ("Nasdaq") under the trading symbol "SGRP" and periodically files reports with the Securities and Exchange Commission ("SEC"). Reference is made to: (a) SGRP's 2025 Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on March 31, 2026 (the "2025 Annual Report"), and (b) SGRP's 2026 Proxy Statement, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports and statements as and when filed with the SEC (together with the 2025 Annual Report, each an "SEC Report").
 
Item 8.01 Other Events.
 
On July 6, 2026, the Corporation convened its special meeting of stockholders (the "Special Meeting"). As of the record date for the Special Meeting, June 16, 2026, there were 28,398,560 shares of Common Stock outstanding and entitled to vote at the Special Meeting.
 
Stockholders holding less than the voting power required for a quorum were present in person (by virtual attendance) or represented by proxy at the Special Meeting. Because a quorum was not present, no business was conducted at the Special Meeting. Pursuant to the Company’s Amended and Restated Bylaws, the chairperson of the Special Meeting adjourned the Special Meeting due to the lack of quorum. The Special Meeting will reconvene virtually on July 10, 2026, at 12:00 p.m. Eastern Time. The Special Meeting will be held for the purpose of voting on the proposals described in the Company’s previously distributed proxy materials for the Special Meeting, including the definitive proxy statement filed with the Securities and Exchange Commission on June 26, 2026.
 
The record date for determining stockholders entitled to vote at the reconvened Special Meeting remains the close of business on June 16, 2026. Stockholders who have already voted do not need to recast their votes. Valid proxies previously submitted in respect of the Special Meeting will be voted at the reconvened Special Meeting in the same manner as they would have been voted at the originally scheduled Special Meeting, unless properly revoked prior to the reconvened Special Meeting.
 
Forward Looking Statements
 
This Current Report on Form 8-K (this "Current Report") contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, made by, or respecting, SPAR Group, Inc. (the "Corporation"' or "SGRP") and its subsidiaries (together with SGRP, "SPAR", "SPAR Group" or the "Company"). "Forward-looking statements" are defined in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and other applicable federal and state securities laws, rules and regulations, as amended (together with the Securities Act and Exchange Act, the "Securities Laws").
 
Readers can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. Words such as "may," "will," "expect," "intend," "believe," "estimate," "anticipate," "continue," "plan," "project," or the negative or variations 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"). Those Risks include (without limitation): the costs and effects of changing the Company's principal independent registered accounting firm; potential or continued revenue growth, gross margin expansion, and continued favorable shift in service mix from remodeling toward merchandising services; continued and new long-standing relationships with retailers, distributors and makers of consumer goods; successful results from merchandising partnerships and relationships with other companies, borrowing, repaying or guarantying the Company's recent unsecured loans or paying interest thereon; issuing the shares of the Corporation's 'Common Stock; the departure in 2025 of various of the Corporation's executives previously reported and the agreements made with them; potential non-compliance with applicable Nasdaq rules regarding minimum bid prices, the filing of periodic financial reports, director independence, holding annual meetings, or other rules; the impact of selling certain of the Corporation's subsidiaries; or any impact resulting from the Risks on revenues, earnings or cash; the Company's cash flows or financial condition; and plans, intentions, expectations. The Corporation's forward-looking statements also include (without limitation) statements made in "Business", "Risk Factors", "Cybersecurity", "Legal Proceedings", "Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities", "Management's Discussion and Analysis of Financial Condition and Results of Operations", "Controls and Procedures", and "Certain Relationships and Related Transactions, and Director Independence" in the Corporation's 2025 Annual Report referenced below.
 
The information contained in this Current Report is made only as of the date hereof, even if subsequently made available by the Corporation on its website or otherwise. For additional information and risk factors that could affect the Company, see the Corporation's Annual Report on Form 10-K for its fiscal year ended December 31, 2025, as filed on March 31, 2026, by SGRP with the Securities and Exchange Commission (the "SEC"), and SGRP's Proxy Statement for its 2026 Annual Stockholders Meeting, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other reports and statements as and when filed with the SEC (including the Annual Report, Proxy Statement, Quarterly Reports, and Current Reports, each an "SEC Report").
 

 
You should carefully review and consider the Corporation's forward-looking statements (including all Risks and other cautions and uncertainties) and other information made, contained, noted or referenced 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 condition of the Company (including its assets, business, clients, capital, cash flow, credit, expenses, financial condition, income, indebtedness, legal costs, liabilities, liquidity, locations, marketing, operations, performance, prospects, sales, strategies, taxation, vendors, or other achievement, results, risks, trends or condition) and other events and circumstances planned, intended, anticipated, estimated or otherwise expected by the Company (collectively, "Expectations"), and our forward-looking statements (including all Risks) and other information reflect the Corporation's current views about future events and circumstances. Although the Corporation believes those Expectations and views are reasonable, the results, actions, levels of activity, performance, achievements or condition of the Company or other events and circumstances may differ materially from our Expectations and views, and they cannot be assured or guaranteed by the Corporation, since they are subject to Risks and other assumptions, changes in circumstances and unpredictable events (many of which are beyond the Corporation's control). In addition, new Risks arise from time to time, and it is impossible for the Corporation to predict these matters or how they may arise or affect the Company. Accordingly, the Corporation cannot assure you that its Expectations will be achieved in whole or in part, that it has identified all potential Risks, or that it can successfully avoid or mitigate such Risks in whole or in part, any of which could be significant and materially adverse to the Company and the value of your investment in the Corporation's common stock.
 
These forward-looking statements reflect the Corporation's Expectations, views, Risks and assumptions only as of the date hereof, and the Corporation does not intend, assume any obligation, or promise to publicly update or revise any forward-looking statements (including any Risks or Expectations) or other information (in whole or in part), whether as a result of new information, new or worsening Risks or uncertainties, changed circumstances, future events, recognition, or otherwise.
 

 
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: July 6, 2026
 
 
By:
/s/ William Linnane
 
 
 
William Linnane, President and CEO
 
 

Filing Exhibits & Attachments

4 documents