On January 19, 2021, SPAR Group, Inc has sent an information statement which is to notify its stockholders that on December 29, 2020, the Company has received delivery of the completed written consent of from Robert G. Brown, William H. Bartels and the other majority stockholders changing the supermajority requirement in the corporation's by-laws to a majority of all directors serving on the board, acting unilaterally, and without the participation of the Company's board, governance committee or other stockholders. The Company stated that Brown completed the delivery to the Company of the majority stockholders finalized executed counterparts on December 29, 2020, after earlier incomplete deliveries, even though they are dated earlier (as of December 24, 2020). The Company believes that the 12-29 written consents and the new absolute majority requirements will not become effective until after all of the notices, filings and other conditions required under applicable law have been satisfied, which must occur at least twenty calendar days following the Company's delivery of this information statement to Company's stockholders as required under applicable. Such delivery and the effective time may not occur until late January or February 2021.
SPAR Group, Inc. is a global merchandising and brand marketing services company. The Company is engaged in offering merchandising, marketing and distribution solutions to retailers and brands. It provides the resources and analytics that improve brand experiences and transform retail spaces. Its segments include Americas; Asia Pacific (APAC), and Europe, Middle East, and Africa (EMEA). The Company provides six principal types of services: merchandising and marketing, category management and setup, remodel and retail transformation, assembly and installation, business analytics and insights, and fulfilment and distribution. It represents various manufacturers and/or retail clients in a range of retail segments and stores worldwide. Its clients in the retail segments include convenience, cash and carry, home improvement, consumer electronics, automotive, and others. Its clients in the manufacturer segments include personal technology, consumer electronics, consumables, and others.