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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
OMB Number: Expires: Estimated average burden hours per response |
3235-0058 March 31, 2022 2.50 |
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| FORM 12b-25 |
SEC FILE NUMBER 0-27408 |
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| NOTIFICATION OF LATE FILING |
CUSIP NUMBER 784933 10 3 |
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| (Check one): | ☒ Form 10-K | ☐ Form 20-F | ☐ Form 11-K | ☐ Form 10-Q | ☐ Form 10-D | ☐ Form N-CEN | |
| ☐ Form N-CSR |
| For Period Ended: | December 31, 2021 | ||
| ☐ Transition Report on Form 10-K | |||
| ☐ Transition Report on Form 20-F | |||
| ☐ Transition Report on Form 11-K | |||
| ☐ Transition Report on Form 10-Q | |||
| For the Transition Period Ended: | |||
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Read Instruction (on back page) Before Preparing Form. Please Print or Type. Nothing in this form shall be construed to imply that the Commission has verified any information contained herein. |
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I — REGISTRANT INFORMATION
SPAR Group, Inc.
Full Name of Registrant
Former Name if Applicable
1910 Opdyke Court
Address of Principal Executive Office (Street and Number)
Auburn Hills, MI 48326
City, State and Zip Code
PART II — RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
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(a) |
The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; | |
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(b) |
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and |
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(c) |
The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
| SEC 1344 (06-19) | Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
PART III — NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
The filing of the Annual Report on Form 10-K for the period ended December 31, 2021 (the “Report”), with the Securities and Exchange Commission (the “SEC”), for SPAR Group, Inc., and its subsidiaries (collectively, the "Company") will be delayed because the Company: (1) has become aware of disclosure errors in the footnote related to Income Taxes in the financial statements for the year ended December 31, 2020 (the “Errors”); and is (2) determining whether, and how, to address the Errors in the Report.
The disclosure errors mentioned above had no effect on the consolidated balance sheets, statement of operations and comprehensive income, equity and cash flows for any periods presented. The Company continues to assess its internal control over financial reporting in light of the discovery of the Errors.
The Company believes that such Report will be filed on or before the fifteenth calendar day following the prescribed due date of the Report.
PART IV — OTHER INFORMATION
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(1) |
Name and telephone number of person to contact in regard to this notification |
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Fay DeVriese |
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364-8450 |
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(Name) |
(Area Code) |
(Telephone Number) |
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(2) |
Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). Yes ☒ No ☐ |
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(3) |
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? Yes ☐ No ☒ |
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
SPAR Group, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
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Date |
March 31, 2022 |
By |
/s/ Fay DeVriese |
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Name: |
Fay DeVriese |
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Title: |
Chief Financial Officer, Treasurer |
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| and Secretary (Principal Financial and | |||||
| Accounting Officer) | |||||
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