Business
Founder and Significant Shareholder Robert G. Brown Recommends SPAR Group's Board to Act to Increase Shareholder Value
Palm Beach Gardens, Florida--(Newsfile Corp. - May 27, 2026) - Robert G. Brown ("Mr. Brown"), founder, former Chairman and Chief Executive Officer, former director, and a significant shareholder of SPAR Group, Inc. (NASDAQ: SGRP) (hereinafter referred to as "SPAR Group" or the "Company"), today issued the following recommendations that the Company's Board of Directors (the "Board") implement to increase shareholder value:"SPAR Group shareholders need assurance that their stock will not be...
About this update from Spar Group, Inc.
Palm Beach Gardens, Florida--(Newsfile Corp. - May 27, 2026) - Robert G. Brown ("Mr. Brown"), founder, former Chairman and Chief Executive Officer, former director, and a significant shareholder of SPAR Group, Inc. (NASDAQ: SGRP) (hereinafter referred to as "SPAR Group" or the "Company"), today issued the following recommendations that the Company's Board of Directors (the "Board") implement to increase shareholder value: "SPAR Group shareholders need assurance that their stock will not be diluted at depressed prices. The Company should focus on protecting existing shareholders by the following actions: For 2025, SPAR reported $136.1 million in revenue,1 $21.7 million in gross profit,2 $32.2 million in selling, general and administrative expense,3 a net loss attributable to SPAR Group of $24.6 million4 and net cash used in operating activities of approximately $18.4 million.5 As of March 31, 2026, SPAR reported cash and cash equivalents of approximately $4.31 million,6 a secured revolving credit facility with a $36.0 million total facility for the U.S. and Canada, approximately $22.9 million total outstanding under the facility, and approximately $11.4 million of unused availability.7 I recommend: Nasdaq compliance is not just a technical issue. It is directly tied to shareholder confidence, market value, investor perception, and the Board's willingness to protect shareholders. Summary SPAR Group's Board should act to implement a plan to increase shareholder value, including: About Robert G. Brown Robert G. Brown is a founder, former Chairman and Chief Executive Officer, former director, and significant shareholder of SPAR Group, Inc. For questions regarding the matters set forth above, please contact Robert Brown via email at [email protected]. Forward-Looking Statement Note This Press Release contains forward-looking statements with respect to SPAR Group and potential future actions. Statements that are not historical facts, including statements regarding Mr. Brown's views concerning the Company's strategic direction, operational performance, governance, management, capital allocation, valuation, strategic alternatives, potential transactions, or opportunities to enhance shareholder value, are forward-looking statements. Forward-looking statements are based on Mr. Brown's current beliefs...