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SPAR Group, Inc. is the issuer in an ownership report showing that SP/R, Inc. Defined Benefit Pension Trust reported beneficial ownership of 1,062,506 common shares, or 3.7%, with sole voting and dispositive power.
As of August 8, 2024, the trust had sole voting and dispositive power over 1,239,225 shares, representing 5.3% of the 23,419,744 shares outstanding as of July 31, 2024. The statement says no other person was known to have rights to dividends or sale proceeds from more than 5% of the reported common stock. Rory W. Brown signed as trustee.
Key Figures
Beneficial ownership:1,062,506 sharesOwnership of class:3.7%Beneficial ownership:1,239,225 shares+2 more
5 metrics
Beneficial ownership1,062,506 sharesSP/R, Inc. Defined Benefit Pension Trust
Ownership of class3.7%SP/R, Inc. Defined Benefit Pension Trust
Beneficial ownership1,239,225 sharesAs of August 8, 2024
Ownership of class5.3%As of August 8, 2024
Shares outstanding23,419,744 sharesAs of July 31, 2024
Key Terms
beneficially owned, Sole Voting Power, Sole Dispositive Power
3 terms
beneficially ownedregulatory
"Amount beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Powerregulatory
"Sole Voting Power 1,062,506.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Powerregulatory
"Sole Dispositive Power 1,062,506.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many SGRP shares does SP/R, Inc. Defined Benefit Pension Trust report owning?
The trust reported beneficial ownership of 1,062,506 shares, or 3.7%, with sole voting and dispositive power.
What was the trust's SGRP ownership on August 8, 2024?
As of August 8, 2024, the trust had sole voting and dispositive power over 1,239,225 shares, representing 5.3% of the 23,419,744 shares outstanding as of July 31, 2024.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
SPAR GROUP, INC.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
784933103
(CUSIP Number)
08/08/2024
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
784933103
1
Names of Reporting Persons
SP/R, Inc. Defined Benefit Pension Trust
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,062,506.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,062,506.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,062,506.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.7 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
SPAR GROUP, INC.
(b)
Address of issuer's principal executive offices:
110 East Boulevard, Suite 1600, Charlotte, NORTH CAROLINA, 28203.
Item 2.
(a)
Name of person filing:
SP/R, Inc. Defined Benefit Pension Trust
(b)
Address or principal business office or, if none, residence:
c/o Rory W. Brown
53 Manor Pond Lane
Irvington, New York 10533
(c)
Citizenship:
Florida, United States
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP Number(s):
784933103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Not applicable. This statement is filed pursuant to Rule 13d-1(c).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of August 8, 2024, the Reporting Person had sole voting and dispositive power over 1,239,225 shares, representing 5.3% of the 23,419,744 shares outstanding as of July 31, 2024.
As of the date of this Schedule 13G, the Reporting Person has sole voting and dispositive power over 1,062,506 shares.
(b)
Percent of class:
3.7%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1,062,506
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
1,062,506
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Not applicable.
No person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than five percent of the outstanding Common Stock reported herein.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
