Spar Group Inc: Brown Robert G decreased Its Holding

SPAR Group, Inc. (NASDAQ:SGRP) Logo

Investors sentiment is 0.5 in Q2 2019. Its the same as in 2019Q1. It is the same, as 2 investors sold SPAR Group, Inc. shares while 4 reduced holdings. only 2 funds opened positions while 1 raised stakes. 1.23 million shares or 3.16% less from 1.27 million shares in 2019Q1 were reported.

Vanguard Inc holds 0% or 82,392 shares in its portfolio. Panagora Asset Mngmt Incorporated has invested 0% in SPAR Group, Inc. (NASDAQ:SGRP). 6,819 were accumulated by Blackrock. Rbf Limited Liability Company accumulated 894,090 shares or 0.06% of the stock. M&R Capital Mngmt Inc invested in 0% or 5,000 shares. Morgan Stanley owns 11 shares for 0% of their portfolio. Deutsche Financial Bank Ag owns 5,100 shares. Bank Of America De invested 0% in SPAR Group, Inc. (NASDAQ:SGRP). Bridgeway Mgmt invested in 0% or 46,500 shares. Geode Capital Lc reported 145,742 shares or 0% of all its holdings. Northern reported 0% of its portfolio in SPAR Group, Inc. (NASDAQ:SGRP).

Brown Robert G Reported reduced Stake in Spar Group Inc

Brown Robert G filed with SEC a SC 13D/A form for Spar Group Inc. It can be found at: 000121465919005858. As reported by Brown Robert G, the filler decreased its stake in the stock by -2.53 % for 11,465,611 shares. Brown Robert G currently owns 55% of the Industrials- stock. Date of activity: September 12, 2019.

Reasons Why Brown Robert G Holds Spar Group Inc

Purpose of Transaction

Item 4 of the Schedule 13D is herebyamended and supplemented as follows:

Mr. Brown, aloneor in conjunction with other stockholders, has determined from time to time, to engage with the Company’s Board of Directors(the “Board”) and to take actions in his capacity as a significant stockholder to strengthen the Company’scorporate governance. Under the Company’s Amended and Restated By-Laws (the “By-Laws”), stockholdershave the right to call special meetings of stockholders and to take action by written consent in lieu of a meeting. Previous actionstaken by Mr. Brown and Mr. Bartels are described in Amendment No. 1, Amendment No. 2, Amendment No. 3, and Amendment No. 4 andprevious actions taken by Mr. Brown and the Trust are described in Amendment No. 5.

CUSIP No. 784933103Page 5 of 10 Pages

Asreported in Amendment No. 5, on August 19, 2019, Mr. Brown and the Trust delivered a written request (the “August Request”)that the Company call a special meeting of stockholders in accordance with Section 2.02 of the By-Laws for the purpose of votingon a proposal to remove Arthur B. Drogue and R. Eric McCarthey from the Board without cause (the “Removal Proposal”).Mr. Bartels did not participate in this action. The foregoing summary of the August Request is qualified in its entirety by thefull text of the August Request, which is filed as Exhibit 12 to Amendment No. 5 and incorporated herein by reference.

Followingthe delivery of the August Request, the Company filed a Current Report on Form 8-K on August 23, 2019 in which the Company reportedthat it plans to call a special meeting of stockholders on or about the afternoon of November 14, 2019 (the “SpecialMeeting”) to consider, among other proposals, the Removal Proposal.

On September 12,2019, Mr. Brown and the Trust delivered a further written request (the “September Request”) that the Companycall a special meeting of stockholders in accordance with Section 2.02 of the By-Laws for the purpose of voting on the followingproposals to be presented for a vote following the Removal Proposal and in the order presented below:


A proposal to increase the size of the Board by one, provided such vote shall be of no effect if, at the time of the Election (as defined below), a vacancy exists on the Board due to the removal of Arthur B. Drogue or R. Eric McCarthey.


A proposal to elect Panos Lazaretos as a director of the Company (the “Election”).


A proposal to adopt amendments to the By-Laws, as set forth in the Appendix attached to the September Request, which amendments would (i) reduce the waiting period set forth in Section 3.04 for stockholders to fill certain vacancies on the Board from 90 days to 30 days and (ii) adopt a new provision establishing the applicable independence standards set forth in the Nasdaq Stock Market Rules and SEC rules as the independence standards applicable to the Company’s Board and Board Committees.

TheSeptember Request is intended to supplement the August Request. It is the expectation of Mr. Brown and the Trust that the proposalsset forth above will be presented to Company stockholders for a vote at the Special Meeting to be held on or about November 14,2019 in addition to the Removal Proposal to be presented at that meeting based on the August Request. The foregoing summary ofthe September Request is qualified in its entirety by the full text of the September Request, which is filed as Exhibit 14 toAmendment No. 5 and incorporated herein by reference.

Except as otherwiseset forth in this Item 4, the Reporting Persons (alone or in conjunction with other stockholders of the Company) currently haveno plan or proposal which relates to or would result in any of the matters referred to in paragraphs (a) through (j), inclusive,of Item 4 of Schedule 13D; provided, such plans or proposals may have been considered, and may from time to time hereafter beconsidered. The Reporting Persons may also acquire or dispose of Company securities in the ordinary course.

CUSIP No. 784933103Page 6 of 10 Pages

Spar Group Inc Institutional Sentiment

Filings show 7 investors own Spar Group Inc. The ownership in Q3 2017 is very low, at Infinity of the outstanding shares. This is increased by 15542. 1187954 were owned by these investors. 1 funds opened new Spar Group Inc stakes, 1 increased positions. There were 1 that closed positions and 1 reduced them.

Blackrock Inc is an investor bullish on Spar Group Inc, owning 7462 shares as of Q3 2017 for less than 0.01% of its portfolio. Vanguard Group Inc owns 56627 shares or less than 0.01% of its portfolio. NY M&R Capital Management Inc have less than 0.01% of its portfolio for 5000 shares. Further, Geode Capital Management Llc reported stake worth less than 0.01% of its portfolio. The CA Rbf Capital Llc owns 907290 shares. Spar Group Inc is 0.12% of its portfolio.

SEC Form 13D.

The stock increased 1.69% or $0.0168 during the last trading session, reaching $1.01. About 28,238 shares traded. SPAR Group, Inc. (NASDAQ:SGRP) has declined 42.18% since September 14, 2018 and is downtrending. It has underperformed by 42.18% the S&P500.

SPAR Group, Inc., together with its subsidiaries, provides merchandising and marketing services worldwide. The company has market cap of $21.05 million. The company's syndicated services include product reordering and replenishment; ensuring its products for distribution; adding new products; implementing store planogram schematics; setting product category shelves; ensuring that product shelf tags are in place; checking for salability of the clients' products; placing new product and promotional items in prominent positions; and kiosk replenishment and maintenance services for retailers, manufacturers, and distributors. It has a 9.44 P/E ratio. The Company’s dedicated services consist of syndicated services, as well as new store set-up, store remodel, and fixture installation services for a specific retailer or manufacturer.

More notable recent SPAR Group, Inc. (NASDAQ:SGRP) news were published by: which released: “SPAR Group, Inc. 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” on May 30, 2018, also with their article: “Earnings Scheduled For April 15, 2019 – Benzinga” published on April 15, 2019, published: “11 Penny Stocks Under $3 – NASDAQ” on June 08, 2011. More interesting news about SPAR Group, Inc. (NASDAQ:SGRP) were released by: and their article: “SPAR Group Announces Financial Results for the Fourth Quarter Ended December 31, 2018 – GlobeNewswire” published on April 15, 2019 as well as‘s news article titled: “SPAR Canada Awarded Clorox Partner of the Year – GlobeNewswire” with publication date: December 06, 2018.

SPAR Group, Inc. (NASDAQ:SGRP) Institutional Positions Chart

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