UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 26, 2004
SPAR Group, Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-27824 33-0684451
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(State or Other Jurisdiction Commission (IRS Employer
of Incorporation) File No.) Identification No.)
580 White Plains Road, Tarrytown, New York 10591
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (914) 332-4100
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events and Required FD Disclosure.
As of March 26, 2004, SPAR Group, Inc. (the "Registrant") entered into the
Waiver And Amendment No. 3 To Third Amended And Restated Revolving Credit And
Security Agreement, attached to this Current Report on Form 8-K as Exhibit 10.1
by and among, SPAR Marketing Force, Inc., SPAR, Inc., SPAR/Burgoyne Retail
Services, Inc., the Registrant, SPAR Incentive Marketing, Inc., SPAR Trademarks,
Inc., SPAR Marketing, Inc. (DE), SPAR Marketing, Inc. (NV), SPAR Acquisition,
Inc., SPAR Technology Group, Inc., SPAR/PIA Retail Services, Inc., Retail
Resources, Inc., Pivotal Field Services Inc., PIA Merchandising Co., Inc.,
Pacific Indoor Display Co., Pivotal Sales Company, and SPAR All Store Marketing
Services, Inc. (each, an "Existing Borrower" and collectively "Existing
Borrowers") and Webster Business Credit Corporation (formerly known as Whitehall
Business Credit Corporation), as the "Lender."
As of May 17, 2004, the Registrant entered into the Joinder, Waiver And
Amendment No. 4 To Third Amended And Restated Revolving Credit And Security
Agreement, attached to this Current Report on Form 8-K as Exhibit 10.2 by and
among, SPAR Marketing Force, Inc., SPAR, Inc., SPAR/Burgoyne Retail Services,
Inc., the Registrant, SPAR Incentive Marketing, Inc., SPAR Trademarks, Inc.,
SPAR Marketing, Inc. (DE), SPAR Marketing, Inc. (NV), SPAR Acquisition, Inc.,
SPAR Technology Group, Inc., SPAR/PIA Retail Services, Inc., Retail Resources,
Inc., Pivotal Field Services Inc., PIA Merchandising Co., Inc., Pacific Indoor
Display Co., Pivotal Sales Company, SPAR All Store Marketing Services, Inc.
(each, an "Existing Borrower" and collectively "Existing Borrowers") and SPAR
Bert Fife, Inc. and Webster Business Credit Corporation (formerly known as
Whitehall Business Credit Corporation), as the "Lender."
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.
SPAR Group, Inc.
Date: May 26, 2004 By: /s/ Charles Cimitile
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Charles Cimitile
Chief Financial Officer
EXHIBIT INDEX
Exhibit
Number Description
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10.1 Waiver And Amendment No. 3 To Third Amended And Restated Revolving
Credit And Security Agreement entered into as of March 26, 2004.
10.2 Joinder, Waiver And Amendment No. 4 To Third Amended And Restated
Revolving Credit And Security Agreement entered into as of May 17,
2004.