Key Summary: On August 8, 2024, Robert G. Brown submitted a notice nominating four candidates for the Board at the next annual meeting.Market Cap: $46 million | SPAR Group, Inc., together with its subsidiaries, provides merchandising and brand marketing services in the Americas, the Asia-Pacific, Europe, Middle East, and Africa.
On August 19, 2019, Robert G. Brown requested a special stockholder meeting to vote on removing Arthur B. Drogue and R. Eric McCarthey from the Board. Following this, the company planned the meeting for November 14, 2019. On September 12, 2019, Brown and the Trust further requested votes on additional proposals, including increasing the Board size, electing Panos Lazaretos, and amending By-Laws to expedite filling Board vacancies and adopt new independence standards. Brown and the Trust made additional requests in December 2019 and February 2020 to amend By-Laws and increase the Board size, leading to the election of Brown as a director on March 2, 2020.
Robert G. Brown rejoined the Board on April 24, 2020, having previously served as a Director of SGRP from July 8, 1999, until his retirement on May 3, 2018. As one of the company's founders, Mr. Brown played a pivotal role in its evolution from a software and consulting firm to a merchandising company in the 1980s. He transitioned the company's reporting and data collection to the Internet in the 1990s, enhancing its strategic cost and quality advantage. Mr. Brown executed a reverse merger in 1999, taking SPAR public. His tenure included significant involvement under the CIC Agreement, although he did not nominate any directors by the printing of the Proxy Statement in 2023, resulting in two Board seats remaining vacant.
On August 8, 2024, Robert G. Brown submitted a notice nominating four candidates for the Board at the next annual meeting. If elected, these nominees would give Brown control of the Board. Source
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