Spar Group Streamlines Corporate Governance with Bylaw Amendments

Spar Group ( (SGRP) ) just unveiled an update.

On January 22, 2026, Spar Group’s board adopted a series of amendments to its amended and restated by-laws, revising director election standards, board size parameters, notice periods and various governance procedures. Directors will now be elected by a plurality rather than a majority of votes cast, the board size has been changed from a fixed seven members to a range of five to seven, board actions by written consent can proceed with approval from at least a specified required number of directors instead of unanimity, and notice periods for certain board and committee actions have been shortened, while several by-law sections were removed and reserved, collectively signaling a tightening and streamlining of the company’s corporate governance framework and potentially altering the balance of influence among directors and shareholders, particularly in director elections and stockholder proposal processes.

The most recent analyst rating on (SGRP) stock is a Hold with a $0.81 price target. To see the full list of analyst forecasts on Spar Group stock, see the SGRP Stock Forecast page.

Spark’s Take on SGRP Stock

According to Spark, TipRanks’ AI Analyst, SGRP is a Neutral.

The score is held down primarily by weak financial performance (losses, negative margins, and negative operating/free cash flow) and a bearish technical setup with price below key longer-term moving averages. Valuation provides limited support due to a negative P/E, and corporate events add risk due to Nasdaq noncompliance despite a positive CFO appointment.

To see Spark’s full report on SGRP stock, click here.

More about Spar Group

Average Trading Volume: 64,923

Technical Sentiment Signal: Sell

Current Market Cap: $19.52M

See more insights into SGRP stock on TipRanks’ Stock Analysis page.