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Note 7 - Treasury Stock
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Treasury Stock [Text Block]
7.
Treasury Stock
 
Pursuant to the Company's
2017
Stock Repurchase Program (the "
2017
Repurchase Program
"), the Company
may
repurchase shares of SGRP Common Stock through
November 10, 2020,
but
not
more than
500,000
shares in total, and those repurchases would be made from time to time in the open market and through privately-negotiated transactions, subject to general market and other conditions.  SGRP does
not
intend to repurchase any shares in the market during any blackout period applicable to its officers and directors.  Under the preceding stock repurchase program (adopted in
2012
and extended and modified in
2015
), the Company repurchased all
532,235
shares through
December 31, 2020
.
 
On
December 22, 2020,
the Board of Directors of SGRP (the "
Board
"), authorized SGRP to repurchase up to
500,000
shares of its SGRP Shares pursuant to the
2021
Stock Repurchase Program (the "
2021
Stock Repurchase
 
Program
"), which repurchases would be made from time to time over a
one
year period in the open market and through privately-negotiated transactions, subject to cash availability and general market and other conditions.
 
SGRP's repurchase program will be financed out of internally generated corporate funds.  Shares acquired would be available later for issuance upon the exercise of stock options through its
2020
Stock Compensation Plan (if approved at the
January
Special Meeting of Stockholders) and other outstanding options and for other corporate purposes. SPAR Group
may
terminate or limit the stock repurchase program at any time, and SPAR Group
may
never repurchase any SGRP Shares.  There were
no
share repurchases made during the year ended
December 31, 2020.