Welcome to our dedicated page for SPAR Group SEC filings (Ticker: SGRP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
SPAR Group, Inc. filings document the public-company record for a Delaware retail services issuer with common stock listed on Nasdaq under SGRP. The filings cover operating results and guidance, merchandising and distribution service disclosures, capital structure, risk factors, and material agreements affecting the company's financing and operating subsidiaries.
SPAR Group's SEC record also includes proxy materials for director elections and auditor ratification, Form 8-K reports on changes in certifying accountant, bylaw amendments, settlement and voting-related arrangements, unsecured debt financing, and Nasdaq listing-compliance disclosures. These reports frame the company's governance, shareholder matters, reporting controls, and continued-listing status alongside its U.S. and Canada retail services business.
SPAR Group, Inc. insider Robert G. Brown reported a bona fide gift of 100 shares of Common Stock on March 10, 2026. The gift carried no sale price. After the gift, he directly held 2,891,389 shares and also reported indirect holdings through Innovative Global Technologies LLC and SPAR Business Services, Inc.
SPAR Group, Inc. filed a current report describing that its Board of Directors adopted amendments to the company’s Amended and Restated By-Laws, effective January 22, 2026. The filing notes that this summary is qualified in its entirety by the full by-laws, which are attached as Exhibit 3.3.
The report also includes an extensive forward-looking statements section. It highlights risks such as collecting a termination fee from Highwire Capital, potential non-compliance with Nasdaq listing requirements, and the possible impact of selling certain subsidiaries on revenues, earnings and cash flows. Investors are directed to the 2024 Annual Report and other SEC reports for additional risk factors.
SPAR Group, Inc. reported that Nasdaq has notified the company its common stock no longer meets the exchange’s minimum bid price requirement of $1.00 per share, after trading below that level for 30 consecutive business days. Under Nasdaq’s rules, SPAR Group now has a 180‑day period to regain compliance. If during this time the stock’s closing bid price is at least $1.00 for a minimum of ten consecutive business days, Nasdaq will confirm that the company is back in compliance and the matter will be closed.
SPAR Group, Inc. has appointed Steven Hennen as its Chief Financial Officer, effective December 8, 2025. The company announced the leadership change on December 10, 2025, positioning Hennen as both an executive and an officer who will report directly to President and CEO William Linnane.
Hennen brings more than 25 years of finance and operational leadership experience, including senior roles at Baker & Taylor, Red Ventures and several other companies, plus an early career at KPMG. Under his offer letter, he will receive a base salary of $375,000 per year and, starting in 2026, will be eligible for SGRP bonus plans with a performance bonus opportunity of up to 60% of base salary. The company also includes standard forward-looking statement cautions about risks and uncertainties.
SPAR Group, Inc. (SGRP) reported that director Panagiotis Nikolaos Lazaretos currently has no beneficial ownership of the company’s securities. A Form 3 is used when an insider, such as a director or large shareholder, is first required to report their holdings. In this case, the disclosure clearly states that no securities are beneficially owned, and both the non-derivative and derivative securities tables are effectively empty. This indicates that, at the time of the reported event, the director held no SPAR Group shares or related derivative instruments in either a direct or indirect capacity.
SPAR Group, Inc. reported that it has released its financial results for the third quarter ended September 30, 2025, through a press release attached as Exhibit 99.1. The company also announced that on November 12, 2025, its Board of Directors appointed William Linnane as Chief Executive Officer and as a director to fill the CEO Board seat, effective immediately. Linnane previously served as the company’s Global Strategy & Growth Officer and then as President.
The report includes extensive forward-looking statements language highlighting risks related to collecting a termination fee from Highwire Capital, potential non-compliance with Nasdaq listing rules, and the possible impact of selling certain subsidiaries on revenues, earnings and cash, as well as broader uncertainties affecting the company’s financial condition and plans.
SPAR Group (SGRP) reported an insider share purchase on a Form 4. President and Interim CEO William Linnane bought 173,000 restricted shares of the company’s treasury common stock at $1.02 per share on October 3, 2025 (transaction code P). The filing notes a $250,000 one-time cash award to the executive with the understanding that the after-tax proceeds would be used to purchase company shares. Following the transaction, Linnane beneficially owned 190,909 shares directly.
SPAR Group, Inc. (SGRP) reported a Form 4 for President William Linnane to correct a prior report dated October 13, 2022. The filing reflects a tax withholding transaction (Code F) on August 2, 2022, tied to the vesting of 26,882 shares of common stock. To satisfy withholding taxes, 8,973 shares were withheld at a price of $1.15 per share.
After the reported transaction, Linnane beneficially owned 17,909 shares directly.
SPAR Group (SGRP) entered an Eighth Modification Agreement with North Mill Capital d/b/a SLR Business Credit, extending its secured revolving credit facility to October 10, 2027 and increasing borrowing capacity. The US Revolving Credit Facility rose to US$30 million, and the Canadian Revolving Credit Facility increased to US$6 million.
The amendment lifts caps on eligible unbilled accounts in the borrowing bases to US$15 million for the US borrower (from US$7 million) and US$2 million for the Canadian borrower (from CDN$800,000). Interest is Prime + 1.25%, with a minimum 6.75% per annum. Facility fees are 0.60% on benchmark advance amounts, plus US$6,000 at the first occurrence of each US$1.0 million increment (up to the respective limits). The Canadian facility’s minimum interest charges now assume a US$1,000,000 minimum outstanding balance (from US$500,000).
The lender issued limited waivers of specified defaults related to delayed July 31, 2025 and August 31, 2025 financial statements, compliance certificates, and certain Canadian corporate credit card indebtedness, subject to post-closing conditions. Covenants include maintaining positive trailing EBITDA and restrictions on indebtedness, compensation increases, capital expenditures, and non-ordinary course transactions.
SPAR Group, Inc. disclosed a planned CEO transition: Michael R. Matacunas resigned as Chief Executive Officer and as a director effective October 3, 2025, consistent with a prior transition agreement dated August 25, 2025. The filing states the resignation was not due to any disagreement with the company on operations, policies, or practices. The Board appointed William Linnane, age 51, as interim Chief Executive Officer effective October 3, 2025; Mr. Linnane will continue to serve as President per his employment agreement dated August 25, 2025. The filing notes that Mr. Linnane has no family relationships with company officers or directors and disclosed compensation and biographical details were previously filed.