Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On September 21, 2009, SPAR Group, Inc. (the "Corporation"), issued a press release (the "Press Release") reporting that the Corporation had received a notice dated September 16, 2009 (the "Notice"), from the Nasdaq Stock Market, Inc. ("Nasdaq"), advising the Corporation of its failure to maintain a minimum closing bid price of $1.00 per share for its shares of Common Stock for the prior 30 consecutive business days as required by Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule").

The Notice provides that the Corporation has until March 15, 2010 (i.e., 180 days), as a grace period to regain compliance with the Bid Price Rule by maintaining a closing bid price of $1.00 per share for its Common Stock for a minimum of ten consecutive business days. If at anytime during the grace period the bid price of such stock closes at $1.00 per share or more for a minimum of ten consecutive business days, Nasdaq will provide the Corporation with written confirmation of compliance and the matter will be closed.

A copy of the full Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K (the "Report").

Item 9.01. Financial Statements and Exhibits.

(a) Exhibits:

99.1 Press Release from SPAR Group, Inc., dated September 21, 2009 (as filed herewith).

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