Item 8.01 Other Events
Spar Group, Inc. (the "Company") is unable to file its Definitive Proxy
Statement (the "Proxy Statement") in connection with its 2020 Annual Meeting of
Stockholders, including the information omitted from the Company's 2019 Annual
Report on Form 10-K, as filed with the Securities and Exchange Commission on
April 14, 2020, pursuant to General Instruction G(3) of Form 10-K (the "Part III
Information"), which the Company expected to include in the Proxy Statement by
the original deadline of April 29, 2020. However, due to the outbreak of, and
local, state, and federal governmental responses to, and related circumstances
arising from, the COVID-19 pandemic, the Company's internal team, auditors,
accountants, and other advisors whose input is required before filing the Proxy
Statement, have all needed to conduct this work remotely, which has, in turn,
caused a delay in the preparation and filing of the Proxy Statement. A majority
of the Company's employees are working remotely to complete and file the Proxy
Statement, including the Part III Information.
Given the impact of the aforementioned circumstances, the Company was unable to
compile and review certain information required to file the Proxy Statement by
April 29, 2020, the original filing deadline, without unreasonable effort or
expense. On March 4, 2020, the Securities and Exchange Commission issued an
order (Release No. 34-88318) under Section 36 of the Exchange Act granting
exemptions from specified provisions of the Exchange Act and certain rules
thereunder, as superseded by a subsequent order (Release No. 34-88465) issued on
March 25, 2020 (collectively, the "Order"). The Company is relying on the Order
to delay the filing of the Proxy Statement and is accordingly filing this
Current Report on Form 8-K. The Company expects to file the Proxy Statement,
including the Part III Information, no later than June 15, 2020, which is 45
days from the Proxy Statement's original filing deadline of April 29, 2020.
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