On August 6, 2026, the Board of Directors accepted the immediate retirements of directors James R. Brown, Sr. and Panos Lazaretos. The board cited breaches by Robert Brown, who designated these directors, of a Change of Control, Voting and Restricted Stock Agreement and a Settlement Agreement dated April 27, 2026. The filings stated that the designees acted inconsistently with the company's best interests, violated corporate policies and OTCQB rules, and negatively impacted board performance. Consequently, the remaining directors voted to set the board size at five members. SPAR Group, Inc. operates in the marketing services industry, providing merchandising and remodeling solutions for consumer goods manufacturers.
