Item 8.01 Other Events
SPAR Group, Inc. (the "Company") is unable to file its Quarterly Report on Form
10-Q for the fiscal quarter ended March 31, 2020 (the "Quarterly Report") by the
original deadline of May 15, 2020. 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, accountants, and other advisors
whose input is required before filing the Quarterly Report, have all needed to
conduct this work remotely, which has, in turn, caused a delay in the
preparation and filing of the Quarterly Report.
Given the impact of the aforementioned circumstances, the Company has been, and
will be, unable to compile and review certain information required to file the
Quarterly Report by May 15, 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
Securities Exchange Act of 1934 (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superseded by a subsequent order (Release No. 34-88465) issued on March 25, 2020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 Quarterly Report and is accordingly filing this Current Report on
Form 8-K. The Company expects to file the Quarterly Report no later than June
29, 2020, which is 45 days from the Quarterly Report's original filing deadline
of May 15, 2020.
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