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