0001437749-24-016221.txt : 20240513 0001437749-24-016221.hdr.sgml : 20240513 20240513160133 ACCESSION NUMBER: 0001437749-24-016221 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240509 FILED AS OF DATE: 20240513 DATE AS OF CHANGE: 20240513 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BARTELS WILLIAMS H CENTRAL INDEX KEY: 0001090391 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-27408 FILM NUMBER: 24938867 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SPAR Group, Inc. CENTRAL INDEX KEY: 0001004989 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 330684451 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1910 OPDYKE COURT CITY: AUBURN HILLS STATE: MI ZIP: 48326 BUSINESS PHONE: 2483647727 MAIL ADDRESS: STREET 1: 1910 OPDYKE COURT CITY: AUBURN HILLS STATE: MI ZIP: 48326 FORMER COMPANY: FORMER CONFORMED NAME: SPAR GROUP INC DATE OF NAME CHANGE: 19990713 FORMER COMPANY: FORMER CONFORMED NAME: PIA MERCHANDISING SERVICES INC DATE OF NAME CHANGE: 19951220 4 1 rdgdoc.xml FORM 4 X0508 4 2024-05-09 0001004989 SPAR Group, Inc. SGRP 0001090391 BARTELS WILLIAMS H C/O SPAR GROUP, INC. 1910 OPDYKE COURT AUBURN HILLS MI 48326 1 1 0 Common Stock, $.01 par value 2024-05-09 4 S 0 1000000 1.80 D 4709837 D SPAR Group, Inc. ("SGRP"), is the issuer of the shares of Common Stock subject to this Report ("SGRP Shares"). Pursuant to the terms and conditions of the Repurchase Agreement dated 04/30/24, as approved by SGRP's Board of Directors and Audit Committee on 05/03/24, between William H. Bartels and SPAR Group, Inc., William H. Bartels agreed to privately sell 1,000,000 of his SGRP Shares to SGRP, and SGRP agreed to privately purchase those shares from William H. Bartels. The purchase price is $1.80 per share, which was the closing price on the market day preceding the Agreement date (i.e. 04/29/24), as provided in that Agreement. The shares were transferred into SGRP's treasury account on 05/09/24. SGRP's repurchase was made pursuant to SGRP's 2024 Stock Repurchase Program, as approved by the Board on 03/28/24, pursuant to which SGRP may repurchase of up to 2,500,000 of its shares of Common Stock over a 1-year period in the open market and through privately negotiated transactions. The number of shares of Common Stock beneficially owned by William H. Bartels prior to the reported transaction has been reduced by 46,710 shares to correct a discrepancy discovered during a review of William H. Bartels shareholdings. The review found that such discrepancy was inadvertent and did not identify any violations of Section 16(b) of the Securities Exchange Act of 1934. To the extent this Form 4 updates the beneficial share ownership amounts reported on previously filed Form 4s, this Form 4 serves as an amendment to any such previously filed Form 4s. /s/ William H. Bartels 2024-05-13