Spar Group responds to ‘false and disparaging comments’ from former board member

Spar Group (SGRP) responded to a press release and filing made by Robert Brown making “a number of false claims and assertions” regarding Spar and its board of directors and management. The company stated in part: “Brown was a founder and Spar’s Chairman in 1967, and respectfully, the Board has attempted to address these misstatements and errors with Brown, 83, before he issued his press release and public filing… We are disappointed that Brown has chosen to take these actions and make this stunning self-serving proposal. The Board has concluded that Brown’s intent is for his sole benefit and not the benefit of all stockholders.”