Amended Statement of Beneficial Ownership (sc 13d/a)
May 14 2021 - 2:32PM
Edgar (US Regulatory)
UNITED
STATES
Securities
and exchange commission
Washington,
D.C. 20549
SCHEDULE
13D/A
(Amendment
No. 7)*
Under
the Securities Exchange Act of 1934
SPAR
Group, Inc.
(Name
of Issuer)
Common
Stock, par value $0.01 per share
(Title
of Class of Securities)
784933103
(CUSIP
Number)
William
H. Bartels
333
Westchester Avenue, South Building, Suite 203
White
Plains, NY 10604
(914)
332-4100
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
May
14, 2021
(Date
of Event which Requires Filing of this Statement)
If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of §240.13d-1(e), §240.13d-1(f) or §240.13d-1(g), check the following box ☐.
Note.
Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See
Rule 240.13d-7 for other parties to whom copies are to be sent.
*The
remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover
page.
The
information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18
of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 784933103
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Page 2 of 5
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1
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NAME
OF REPORTING PERSON
William
H. Bartels, individually
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
(b) ☒
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3
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SEC
USE ONLY
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4
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SOURCE
OF FUNDS
OO
(See Item 3 to the Original Schedule 13D)
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5
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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☐
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6
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CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States of America
|
|
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
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SOLE
VOTING POWER
4,731,565
|
|
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8
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SHARED
VOTING POWER
557,128
|
|
|
9
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SOLE
DISPOSITIVE POWER
4,731,565
|
|
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10
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SHARED
DISPOSITIVE POWER
557,128
|
|
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,288,693
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12
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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☐
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.9%
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14
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TYPE
OF REPORTING PERSON
IN
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CUSIP No. 784933103
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Page 3 of 5
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SCHEDULE
13D/A
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Item
1.
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Security
and Issuer
|
This
Amendment No. 7 to Schedule 13D (this “Amendment”) amends and supplements the information set forth in the Schedule
13D originally filed by the Reporting Person with the Securities and Exchange Commission (“SEC”) on July 19, 1999
(the “Original Schedule 13D”) relating to the common stock, $0.01 par value per share (the “Common Stock”),
of SPAR Group, Inc., a Delaware corporation (the “Company” or “SGRP”), as amended by Amendment
No. 1 to the Original Schedule 13D filed with the SEC on June 1, 2018 (“Amendment No. 1”), Amendment No. 2 to the
Original Schedule 13D filed with the SEC on August 6, 2018 (“Amendment No. 2”), Amendment No. 3 to the Original Schedule
13D filed with the SEC on September 19, 2018 (“Amendment No. 3”), Amendment No. 4 to the Original Schedule 13D filed
with the SEC on January 25, 2019 (“Amendment No. 4”), Amendment No. 5 to the Original Schedule 13D filed with the
SEC on October 18, 2019 (“Amendment No. 5”), and Amendment No. 6 to the Original Schedule 13D filed with the SEC on
March 1, 2021 (“Amendment No. 6”). The Original Schedule 13D, as amended by Amendment No. 1, Amendment No. 2, Amendment
No. 3, Amendment No. 4, Amendment No. 5 and Amendment No. 6 is hereinafter referred to as the “Schedule 13D.” The
address of the principal executive offices of the Company is 333 Westchester Avenue, South Building, Suite 204, White Plains, New York
10604. Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Schedule
13D.
As
of the date of this Amendment, the Reporting Person may be deemed to beneficially own, in the aggregate, 5,288,693 shares of the
Common Stock of the Company, which represents approximately 24.9% of the outstanding Common Stock of the Company. The percentages in
this Amendment are calculated based upon 21,256,266 outstanding shares of Common Stock as of April 16, 2021, as reported in the
Company’s Quarterly Report on Form 10-Q filed with the SEC on May 15, 2021.
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Item
4.
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Purpose
of Transaction.
|
Item
4 of the Schedule 13D is hereby amended and supplemented as follows:
The
Reporting Person has determined from time to time, to engage with the Company’s Board of Directors (the “Board”)
and to take actions in his capacity as a significant stockholder to strengthen the Company’s corporate governance. Under the Company’s
Amended and Restated By-Laws (the “By-Laws”), stockholders have the right to call special meetings of stockholders,
to take action by written consent in lieu of a meeting and to propose business to be presented for a vote at the annual meeting of stockholders.
SEC rules also permit stockholders to include proposals in a registrant’s annual meeting proxy statement when certain requirements
enumerated in such rules are met. Previous actions taken by the Reporting Person as part of a group with Robert G. Brown, SP/R, Inc.
and Innovative Global Technologies, LLC (the “Group”) are described in Amendment No. 1, Amendment No. 2, Amendment No. 3
and Amendment No. 4, and previous actions taken by the Reporting Person as part of the Group are described in Amendment No. 5 and Amendment
No. 6.
CUSIP No. 784933103
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Page 4 of 5
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The
Group has decided to disband because they are pleased with the current direction of the Company due to certain recent governance changes.
Furthermore, the Reporting Person has no present intention to act together with any other person for any other purpose, including acquiring,
holding or disposing of Common Stock. Accordingly, it is the belief of the Reporting Person that the Reporting Person is not a member
of any “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act, as amended. The Reporting Person may
also acquire or dispose of Company securities in the ordinary course.
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Item
5.
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Interest
in Securities
of the Issuer.
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Item
5 of the Schedule 13D is hereby amended and supplemented as follows:
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(c)
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No
transactions in the Common Stock of the Company have been effected by the Reporting Person
in the past 60 days.
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Item
7.
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Material
to Be Filed as Exhibits.
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Item
7 of the Schedule 13D is hereby amended and supplemented as follows:
Exhibit
10 None
CUSIP No. 784933103
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Page 5 of 5
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SIGNATURES
After
reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned, William H. Bartels, hereby certifies
that the information set forth in this Schedule 13D/A is true, complete and correct.
Dated:
May 14, 2021
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/s/
William H. Bartels
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William H. Bartels
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