From GlobeNewswire: 2025-06-11 14:40:00

SPAR Group, Inc. responds to false claims made by former Chairman Robert G. Brown, who demanded $15 million in cash, $900,000 in personal consulting fees, and more. Brown, who has a history of disrupting the Board for personal gain, is currently in violation of the Securities Exchange Act of 1934. Despite having unique representation on the Board, Brown has chosen not to become a director himself. He is also against the Stock Compensation Plan proposed in the upcoming annual meeting of stockholders. The Board believes his actions are self-serving and not in the best interest of all stockholders. The Company responds to misstatements from Brown’s press release, clarifying that they are not in violation of By-Laws and have not unfairly excluded candidates from the proxy statement. The Company sets the date of the 2025 annual meeting for June 12, 2025, and is in arbitration with Brown over alleged breaches. SGRP’s loss in 2024 was due to an accounting technicality, not economic performance. The Board welcomes stockholder engagement and encourages support for the Stock Compensation Plan. Forward-looking statements caution readers to consider risks and uncertainties when interpreting Company statements. SPAR Group, Inc. is a leading merchandising and marketing services company that provides innovative solutions to retailers, manufacturers, and distributors. With over 50 years of experience, they offer flexible and scalable services to some of the world’s top brands and retailers. The company’s forward-looking statements reflect their current views about future events and circumstances, but they cannot guarantee that their expectations will be achieved due to various risks and unpredictable events beyond their control. Investors can find more information on SPAR Group’s website. For any inquiries, contact Investor Relations at Three Part Advisors, LLC.



Read more at GlobeNewswire: SPAR Group, Inc. Responds to False and Disparaging Comments