On January 22, 2021, SPAR Group, Inc. announced that at its extraordinary meeting of shareholders held on January 19, 2021, the shareholders approved 1) to increase the size of the board of directors, 2) to consider and vote on a stockholder proposal to conditionally repeal the amendment to the Company's by-laws to reduce the voting requirement for removal of directors to majority of votes cast from a majority of all stockholder shares, and increase the requirement for the annual election of directors from a majority of votes cast to a majority of all stockholder shares, which amendment was passed at the May 2020 annual stockholders meeting, and 3) to elect James R. Brown as a director of the Company.
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.