SPAR Group Names James Gillis Executive Chairman, Extends Credit Facilities-February 2024-www.financetom.com

SPAR Group Names James Gillis Executive Chairman, Extends Credit Facilities

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SPAR Group Names James Gillis Executive Chairman, Extends Credit Facilities

Oct 30, 2025 9:37 AM

12:25 PM EDT, 10/30/2025 (MT Newswires) -- SPAR Group (SGRP) said Thursday it appointed James Gillis as executive chairman, effective immediately.

The company said its corporate headquarters will officially operate out of Charlotte, North Carolina, effective Saturday.

SPAR also said it amended and restated its credit facilities, increasing its US revolving credit facility to $30 million and its Canadian facility to $6 million, with both extended until Oct. 10, 2027. The interest rate on the loans is equal to the prime rate designated by Wells Fargo Bank plus 1.25%, with a minimum of 6.75% per year, the company said.

Shares of SPAR Group rose nearly 4% in recent trading.

Price: 1.09, Change: +0.04, Percent Change: +3.81

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