UNITED STATES |
(Mark One)
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
AMENDMENT NO. 1
Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act
ofACT OF 1934 Forfor the second quarterly period ended July 2, 1999
Commission file number: 0-27824
SPAR GROUP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 33-0684451
State of Incorporation IRS Employer Identification No.
19900 MacArthur Blvd., Suite 900, Irvine, CA 92612
(Address of principal executive offices, including zip code)
June 30, 2013.
OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from __________ to __________.
Commission file number: 0-27824 | |
SPAR Group, Inc. | |
(Exact name of registrant as specified in its charter) | |
Delaware | 33-0684451 |
State of Incorporation | IRS Employer Identification No. |
333 Westchester Avenue, South Building, Suite 204, White Plains, New York 10604 | |
(Address of principal executive offices, including zip code) | |
Registrant's telephone number, including area code: (949) 476-2200
(914) 332-4100
Indicate by check mark whether the Registrantregistrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrantregistrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: [ X ]
☒ Yes On July 30, 1999 there were 18,153,270 shares of Common Stock outstanding.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS (continued)
OPERATING EXPENSES
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The following table sets forth☐ No
Indicate by check mark whether the operating expenses as a percentage of net
revenues for the periods indicated:
This table was referred to, but omitted in originally filed document
☒ Yes ☐ No
Indicate by check mark whether the registrant is a percentagelarge accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. (See the definitions of net revenues, field service costs"large accelerated filer", "accelerated filer", "non-accelerated filer" and "smaller reporting company" in Rule 12b-2 of the second quarterExchange Act).
Large Accelerated Filer ☐ | Accelerated Filer ☐ |
Non-Accelerated Filer ☐ | Smaller Reporting Company☒ |
(Do not check if a smaller reporting company) |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of 1999 increasedthe Exchange Act).
☐ Yes ☒ No
On June 30, 2013, there were 20,487,318 shares of Common Stock outstanding. |
EXPLANATORY NOTE
The purpose of this Form 10-Q/A to 92.5% from 83.2% in the same period last year. The increase
in field service costs as a percentage of net revenues in the second quarter of
1999 was due primarily to the fixed cost component of field service costs.
However, total field service costs decreased by $8.6 million due to both
declining net revenues and more efficient variable field deployment.
ForSPAR Group, Inc. Quarterly Report on Form 10-Q for the quarter ended July 2, 1999, selling expenses decreased $1.0 million,June 30, 2013, filed with the Securities and Exchange Commission on August 13, 2013 (the "Form 10-Q"), is solely to include the XBRL interactive data files as Exhibit 101.
No other changes have been made to the Form 10-Q previously filed. This Amendment speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date and does not modify or 47.6%, to $1.1 million compared to $2.1 millionupdate in any way disclosures made in the same period last year.
This decrease in costs wasoriginal Form 10-Q.
Item 6. Exhibits
31.1** | Certification of the CEO pursuant to 18 U.S.C. Section 1350 adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | ||
31.2** | Certification of the CFO pursuant to 18 U.S.C. Section 1350 adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | ||
32.1** | Certification of the CEO pursuant to 18 U.S.C. Section 1350 adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | ||
32.2** | Certification of the CFO pursuant to 18 U.S.C. Section 1350 adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | ||
101.INS* | XBRL Instance | ||
101.SCH* | XBRL Taxonomy Extension Schema | ||
101.CAL* | XBRL Taxonomy Extension Calculation | ||
101.DEF* | XBRL Taxonomy Extension Definition | ||
101.LAB* | XBRL Taxonomy Extension Labels | ||
101.PRE* | XBRL Taxonomy Extension Presentation |
* XBRL information is furnished and not filed or a resultpart of a reduction in salariesregistration statement or prospectus for purposes of sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of section 18 of the Securities Exchange Act of 1934, as amended, and related
expenses resulting from a reduction in personnel. As a percentage of net
revenues, selling expenses decreasedotherwise is not subject to 5.2% in the second quarter of 1999,
compared to 6.2% in the second quarter of 1998.
General and administrative expenses decreased 20.6% in the second quarter of
1999 to $2.7 million, compared to $3.4 million in the same period of 1998. The
decrease in general and administrative costs was due primarily to incentive
liabilities recorded in the first two quarters of 1998 and salary and wage staff
reductions duringliability under these sections.
** Previously filed with Company's quarterly report on Form 10-Q for the quarter ended July 2, 1999. This decrease was partially
offset by a charge for pre-merger transaction costs of $0.9 million.
OTHER INCOME
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Interest income decreased in the second quarter of 1999, as compared to the
second quarter of 1998, due to lower cash balances available for investment in
1999.
Interest expense increased in the second quarter of 1999 due to borrowingJune 30, 2013, filed with Securities and Exchange Commission on the
bank revolving line of credit.
SPAR Group, Inc. and Subsidiaries |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
PIA MERCHANDISING SERVICES, INC.
(Registrant)
By: /s/ Cathy L. Wood
---------------------------------
Cathy L. Wood
Executive Vice President and
Chief Financial Officer
By: /s/ David J. Faulds
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David J. Faulds
Vice President
Corporate Controller
Dated: September 24, 1999
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Date: August 13, 2013 | SPAR Group, Inc., Registrant |
By: /s/ James R. Segreto | |
James R. Segreto |