Parks! America (PRKA) Files 8-K for Proxy Solicitation Material
Ticker: PRKA · Form: 8-K · Filed: Jan 22, 2024 · CIK: 1297937
| Field | Detail |
|---|---|
| Company | Parks America, Inc (PRKA) |
| Form Type | 8-K |
| Filed Date | Jan 22, 2024 |
| Risk Level | medium |
| Pages | 11 |
| Reading Time | 13 min |
| Key Dollar Amounts | $0.001, $3, $1.00, $1,000.00 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: proxy-solicitation, corporate-governance, shareholder-rights
TL;DR
**PRKA just filed an 8-K for proxy solicitation, signaling potential big corporate moves ahead.**
AI Summary
Parks! America, Inc. (PRKA) filed an 8-K on January 22, 2024, reporting an event that occurred on January 19, 2024. This filing indicates that the company is soliciting material pursuant to Rule 14a-12 under the Exchange Act, which typically relates to proxy solicitations before a definitive proxy statement is available. This matters to investors because it signals potential corporate actions or changes that could impact shareholder rights or company direction, requiring shareholders to pay close attention to upcoming communications.
Why It Matters
This filing indicates that Parks! America is engaging in proxy solicitation, which often precedes significant corporate events like mergers, acquisitions, or changes in company leadership, potentially impacting stock value.
Risk Assessment
Risk Level: medium — The filing indicates a solicitation of material, which could lead to significant corporate changes, introducing uncertainty and potential volatility for investors.
Analyst Insight
A smart investor would monitor Parks! America's subsequent filings and communications closely for details regarding the nature of the proxy solicitation, as it could signal significant corporate changes or shareholder votes that may impact the stock.
Key Players & Entities
- PARKS AMERICA, INC. (company) — the registrant filing the 8-K
- January 19, 2024 (date) — date of the earliest event reported
- January 22, 2024 (date) — date the 8-K was filed
- Nevada (company) — state of incorporation for Parks! America, Inc.
- PRKA (company) — trading symbol for Parks! America, Inc.
FAQ
What is the primary purpose of Parks! America, Inc.'s 8-K filing dated January 22, 2024?
The primary purpose of the 8-K filing is to report that Parks! America, Inc. is soliciting material pursuant to Rule 14a-12 under the Securities Exchange Act of 1934, as indicated by the checked box in the filing.
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 19, 2024, as stated under 'Date of Report (Date of earliest event reported): January 19, 2024'.
What is the trading symbol and state of incorporation for Parks! America, Inc.?
Parks! America, Inc.'s trading symbol is PRKA, and its state of incorporation is Nevada, as detailed in the filing under 'Securities registered pursuant to Section 12(b) of the Act' and 'State or other jurisdiction of incorporation'.
What is the business address and phone number of Parks! America, Inc. as listed in the filing?
The business address for Parks! America, Inc. is 1300 Oak Grove Road, Pine Mountain, Georgia 31822, and their telephone number is (706) 663-8744, according to the 'BUSINESS ADDRESS' and 'Registrant’s telephone number' sections.
Under which specific SEC rule is Parks! America, Inc. soliciting material, as indicated in the 8-K?
Parks! America, Inc. is soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12), as explicitly checked in the 'Check the appropriate box below' section of the filing.
Filing Stats: 3,323 words · 13 min read · ~11 pages · Grade level 14.6 · Accepted 2024-01-22 16:15:41
Key Financial Figures
- $0.001 — nding shares of common stock, par value $0.001 per share (" Common Stock "). The divid
- $3 — the " Preferred Stock "), at a price of $3.00, subject to certain adjustments (as
- $1.00 — end payment equal to the greater of (i) $1.00 per share and (ii) an amount equal to 1
- $1,000.00 — ferential payment of the greater of (i) $1,000.00 per share (plus any accrued but unpaid
Filing Documents
- form8-k.htm (8-K) — 68KB
- ex3-1.htm (EX-3.1) — 42KB
- ex4-1.htm (EX-4.1) — 521KB
- ex99-1.htm (EX-99.1) — 16KB
- ex99-1_001.jpg (GRAPHIC) — 55KB
- 0001493152-24-003185.txt ( ) — 1003KB
- prka-20240119.xsd (EX-101.SCH) — 3KB
- prka-20240119_lab.xml (EX-101.LAB) — 33KB
- prka-20240119_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
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 hereunto duly authorized. PARKS! AMERICA, INC. Date: January 22, 2024 By: /s/ Todd R. White Name: Todd R. White Title: Chief Financial Officer 6