Investor Group Purchases 220,000 SPAR Group Shares at a 76% Premium
Investment Announcement: SPAR Group, Inc. has secured a $440,000 investment from a group of high-net-worth individuals, acquiring 220,000 shares at $2.00 each, reflecting a 76% premium over the previous closing price.
CEO Statement: Mike Matacunas, President and CEO of SPAR Group, expressed satisfaction that investors recognize the company's potential value through this private transaction.
Termination Fee Reminder: The new investment does not negate the termination fee owed by Highwire Capital, for which SPAR has issued a demand letter for $1,758,728 due to the failed merger agreement.
Company Overview: SPAR Group is a leading merchandising and marketing services company in North America, boasting over 50 years of experience and extensive relationships with retailers and manufacturers.
Trade with 70% Backtested Accuracy
Analyst Views on SGRP
About SGRP
About the author
SPAR Group Promotes Jean Richer to Head of North American Sales & Marketing
- Leadership Change: SPAR Group has promoted Jean Richer to Head of North American Sales & Marketing, aiming to accelerate revenue growth in the U.S. and Canada, leveraging Richer's over 25 years of executive experience in the CPG and retail services sectors to capitalize on market opportunities.
- Increased Executive Ownership: Members of SPAR's Executive Leadership Team have recently boosted their ownership stakes, with CFO Steve Hennen purchasing 55,000 shares and CTO Josh Jewett acquiring 125,000 shares, reflecting management's confidence in the company's long-term growth and innovation.
- Market Strategy Focus: Richer's appointment is expected to drive SPAR's commercial growth agenda through modern, data-enabled merchandising solutions, enhancing the company's ability to meet evolving retailer and brand needs and improving competitive positioning.
- Long-Term Growth Outlook: CEO William Linnane noted that the increase in management's ownership aligns leadership with shareholder interests, fostering long-term growth and innovation into 2026 and beyond, indicating a positive outlook for the company's future development.
SPAR Group Appoints Steven Hennen as CFO to Drive Financial Strategy Forward
- Leadership Change: SPAR Group appointed Steven Hennen as CFO effective December 8, 2025, succeeding Antonio Calisto Pato, who served since February 2023, aiming to leverage Hennen's financial expertise to drive company growth.
- Transition Support: Calisto Pato will remain involved in the fourth-quarter and full-year reporting process as an advisor, ensuring a smooth transition for the filing of the 2025 Annual Report, which is crucial for maintaining financial transparency and stability.
- Extensive Experience: Hennen brings over 25 years of finance and operational leadership experience, having served as President and CFO of Baker & Taylor LLC, where he managed global finance and operations, which is expected to enhance SPAR's strategic clarity and organizational alignment.
- Strategic Goals: Hennen expressed excitement about joining SPAR at a pivotal growth moment, looking forward to collaborating with the team to drive strategic priorities and enhance the financial platform, indicating strong confidence in the company's future development.
SPAR Group Appoints New CFO Steven Hennen to Drive Financial Strategy
- Leadership Change: SPAR Group appointed Steven Hennen as CFO effective December 8, 2025, succeeding Antonio Calisto Pato, who held the position since February 2023, aiming to leverage Hennen's extensive financial expertise to drive the company's next growth phase.
- Transition Support: Calisto Pato will remain involved in the fourth-quarter and full-year reporting process as an advisor to ensure a smooth filing of the 2025 Annual Report on Form 10-K, thereby maintaining financial transparency and compliance.
- Extensive Industry Experience: Hennen brings over 25 years of finance and operational leadership experience, having served as President and CFO at multi-hundred-million-dollar Baker & Taylor, where he managed global finance and operations, which is expected to enhance SPAR's strategic clarity and organizational alignment.
- Strategic Goal Orientation: Hennen expressed excitement about partnering with the team to drive strategic priorities, enhance the financial platform, and manage capital in a disciplined manner aimed at fostering long-term value creation, further solidifying SPAR's competitive position in the retail services market.
William Linnane Appointed CEO of SPAR
New CEO Appointment: SPAR Group, Inc. has appointed William Linnane as its Chief Executive Officer, effective immediately, after serving as President and Interim CEO earlier this year.
Board Membership: Along with his new role as CEO, Linnane will also join the Company's Board of Directors.
Company Goals: SPAR Group views this leadership change as a significant step towards building a high-performing organization and is optimistic about exceeding its financial targets for 2026.
Market Reaction: Following the announcement, SPAR's stock saw a decrease of 2.8381%, trading at $1.0202 on the Nasdaq.
SPAR Group Appoints James Gillis as Executive Chairman During Leadership Transition, Expands U.S. and Canadian Revolving Credit Facility, and Shares Updates on Relocation to Charlotte
Leadership Changes: SPAR Group, Inc. has appointed James Gillis as Executive Chairman, with President William Linnane reporting to him, as they aim to enhance operational execution and achieve record earnings by 2026.
Headquarters Relocation: The company will officially move its corporate headquarters to Charlotte on November 1, 2025, consolidating key divisions to strengthen leadership and operational functions.
Financial Strategy: SPAR has amended its credit facilities, increasing its US and Canada Revolving Credit Facilities to support future growth and enhance financial flexibility.
Focus on North America: The divestiture of international ventures allows SPAR to concentrate on the North American market, driving performance and innovation for its brand and retail partners.
SPAR Group Reveals CEO Retirement and Leadership Restructuring
Leadership Changes at SPAR Group: Mike Matacunas, the current President & CEO of SPAR Group, will retire in October 2025 after nearly five years, with William Linnane appointed as the new President immediately.
Retirement and Transition: Kori Belzer, Global COO, is also retiring, while Ron Lutz, Global CCO, will become an executive advisor starting August 29, 2025.
Achievements Under Matacunas: During his tenure, Matacunas led significant transformations, including exiting international joint ventures, doubling U.S. and Canadian businesses, and enhancing profitability and digital innovation.
Future Leadership Vision: Linnane expressed commitment to driving profitability and client satisfaction, leveraging his experience from previous roles at major retailers to guide SPAR through its next phase of growth.
SPAR Group Promotes Jean Richer to Head of North American Sales & Marketing
- Leadership Change: SPAR Group has promoted Jean Richer to Head of North American Sales & Marketing, aiming to accelerate revenue growth in the U.S. and Canada, leveraging Richer's over 25 years of executive experience in the CPG and retail services sectors to capitalize on market opportunities.
- Increased Executive Ownership: Members of SPAR's Executive Leadership Team have recently boosted their ownership stakes, with CFO Steve Hennen purchasing 55,000 shares and CTO Josh Jewett acquiring 125,000 shares, reflecting management's confidence in the company's long-term growth and innovation.
- Market Strategy Focus: Richer's appointment is expected to drive SPAR's commercial growth agenda through modern, data-enabled merchandising solutions, enhancing the company's ability to meet evolving retailer and brand needs and improving competitive positioning.
- Long-Term Growth Outlook: CEO William Linnane noted that the increase in management's ownership aligns leadership with shareholder interests, fostering long-term growth and innovation into 2026 and beyond, indicating a positive outlook for the company's future development.
SPAR Group Appoints Steven Hennen as CFO to Drive Financial Strategy Forward
- Leadership Change: SPAR Group appointed Steven Hennen as CFO effective December 8, 2025, succeeding Antonio Calisto Pato, who served since February 2023, aiming to leverage Hennen's financial expertise to drive company growth.
- Transition Support: Calisto Pato will remain involved in the fourth-quarter and full-year reporting process as an advisor, ensuring a smooth transition for the filing of the 2025 Annual Report, which is crucial for maintaining financial transparency and stability.
- Extensive Experience: Hennen brings over 25 years of finance and operational leadership experience, having served as President and CFO of Baker & Taylor LLC, where he managed global finance and operations, which is expected to enhance SPAR's strategic clarity and organizational alignment.
- Strategic Goals: Hennen expressed excitement about joining SPAR at a pivotal growth moment, looking forward to collaborating with the team to drive strategic priorities and enhance the financial platform, indicating strong confidence in the company's future development.
SPAR Group Appoints New CFO Steven Hennen to Drive Financial Strategy
- Leadership Change: SPAR Group appointed Steven Hennen as CFO effective December 8, 2025, succeeding Antonio Calisto Pato, who held the position since February 2023, aiming to leverage Hennen's extensive financial expertise to drive the company's next growth phase.
- Transition Support: Calisto Pato will remain involved in the fourth-quarter and full-year reporting process as an advisor to ensure a smooth filing of the 2025 Annual Report on Form 10-K, thereby maintaining financial transparency and compliance.
- Extensive Industry Experience: Hennen brings over 25 years of finance and operational leadership experience, having served as President and CFO at multi-hundred-million-dollar Baker & Taylor, where he managed global finance and operations, which is expected to enhance SPAR's strategic clarity and organizational alignment.
- Strategic Goal Orientation: Hennen expressed excitement about partnering with the team to drive strategic priorities, enhance the financial platform, and manage capital in a disciplined manner aimed at fostering long-term value creation, further solidifying SPAR's competitive position in the retail services market.
William Linnane Appointed CEO of SPAR
New CEO Appointment: SPAR Group, Inc. has appointed William Linnane as its Chief Executive Officer, effective immediately, after serving as President and Interim CEO earlier this year.
Board Membership: Along with his new role as CEO, Linnane will also join the Company's Board of Directors.
Company Goals: SPAR Group views this leadership change as a significant step towards building a high-performing organization and is optimistic about exceeding its financial targets for 2026.
Market Reaction: Following the announcement, SPAR's stock saw a decrease of 2.8381%, trading at $1.0202 on the Nasdaq.
SPAR Group Appoints James Gillis as Executive Chairman During Leadership Transition, Expands U.S. and Canadian Revolving Credit Facility, and Shares Updates on Relocation to Charlotte
Leadership Changes: SPAR Group, Inc. has appointed James Gillis as Executive Chairman, with President William Linnane reporting to him, as they aim to enhance operational execution and achieve record earnings by 2026.
Headquarters Relocation: The company will officially move its corporate headquarters to Charlotte on November 1, 2025, consolidating key divisions to strengthen leadership and operational functions.
Financial Strategy: SPAR has amended its credit facilities, increasing its US and Canada Revolving Credit Facilities to support future growth and enhance financial flexibility.
Focus on North America: The divestiture of international ventures allows SPAR to concentrate on the North American market, driving performance and innovation for its brand and retail partners.
SPAR Group Reveals CEO Retirement and Leadership Restructuring
Leadership Changes at SPAR Group: Mike Matacunas, the current President & CEO of SPAR Group, will retire in October 2025 after nearly five years, with William Linnane appointed as the new President immediately.
Retirement and Transition: Kori Belzer, Global COO, is also retiring, while Ron Lutz, Global CCO, will become an executive advisor starting August 29, 2025.
Achievements Under Matacunas: During his tenure, Matacunas led significant transformations, including exiting international joint ventures, doubling U.S. and Canadian businesses, and enhancing profitability and digital innovation.
Future Leadership Vision: Linnane expressed commitment to driving profitability and client satisfaction, leveraging his experience from previous roles at major retailers to guide SPAR through its next phase of growth.
