SPAR Group, Inc. Announces Resignation of Sean M. Whelan from its Board of Directors and its Committees, Effective September 30, 2023
September 13, 2023 at 04:05 pm EDT
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SPAR Group, Inc. announced on September 7, 2023, in an e-mail to the Corporation, Mr. Sean M. Whelan resigned from the Corporation's Board of Directors and its Committees, effective September 30, 2023, and said he will not be a candidate for re-election at the Annual Meeting of the Corporation's stockholders scheduled for November 9, 2023. Mr. Whelan joined the Board on October 14, 2021, and was Chairman of the Corporation's Audit Committee, and a member of its Governance Committee and Compensation Committee. He was an independent director both under the general Nasdaq Rules and under Nasdaq's more stringent Audit Committee Rules, the designated audit committee financial expert under SEC Rules, and one of the Board's two Super Independent Directors under the Corporation's By-Laws (which requires three such directors).
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.