Parks! America Files Proxy Statement
Ticker: PRKA · Form: DEFA14A · Filed: Mar 13, 2024 · CIK: 1297937
| Field | Detail |
|---|---|
| Company | Parks America, Inc (PRKA) |
| Form Type | DEFA14A |
| Filed Date | Mar 13, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, governance, sec-filing
TL;DR
Parks! America filed a proxy statement, likely for a shareholder vote. Keep an eye on what they're voting on.
AI Summary
Parks! America, Inc. filed a DEFA14A on March 13, 2024, related to a press release issued on March 12, 2024. The filing is a proxy statement, indicating it concerns shareholder voting matters. The company is incorporated in Nevada and its principal business address is in Pine Mountain, Georgia.
Why It Matters
This filing is a proxy statement, which means it's related to how shareholders will vote on important company matters, potentially impacting the company's future direction and governance.
Risk Assessment
Risk Level: low — This is a routine proxy filing (DEFA14A) and does not appear to contain immediately concerning financial or operational news.
Key Players & Entities
- PARKS! AMERICA, INC. (company) — Registrant
- 0001493152-24-009754 (filing_id) — Accession Number
- 20240313 (date) — Filing Date
- 1300 OAK GROVE RD (address) — Business Address
- PINE MOUNTAIN, GA (address) — Business Address City/State
- 706-663-8744 (phone) — Business Phone
- GREAT AMERICAN FAMILY PARKS INC (company) — Former Company Name
- 20040721 (date) — Date of Name Change
FAQ
What is the purpose of this DEFA14A filing?
This DEFA14A filing is a proxy statement, used to solicit shareholder votes on specific matters, as indicated by the 'Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934' title.
When was this filing submitted to the SEC?
The filing was submitted on March 13, 2024, as indicated by the accession number and filing date.
What is the primary business address of Parks! America, Inc.?
The primary business address is 1300 Oak Grove Rd, Pine Mountain, GA 31822.
Has Parks! America, Inc. operated under a different name previously?
Yes, the company was formerly known as GREAT AMERICAN FAMILY PARKS INC, with a name change date of July 21, 2004.
What is the SIC code for Parks! America, Inc.?
The Standard Industrial Classification (SIC) code is 7990, which falls under SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION.
Filing Stats: 1,515 words · 6 min read · ~5 pages · Grade level 13.4 · Accepted 2024-03-13 06:03:27
Filing Documents
- formdefa14a.htm (DEFA14A) — 34KB
- formdefa14a_001.jpg (GRAPHIC) — 20KB
- 0001493152-24-009754.txt ( ) — 64KB
From the Filing
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy (Amendment No . ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 PARKS! AMERICA, INC. (Name of Registrant as Specified in its Charter) (Name Of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 On March 12, 2024, Parks! America, Inc. (the “Company”) issued the below press release: Parks! America, Inc. Issues 2024 Shareholder Letter PINE MOUNTAIN, Georgia — March 12, 2024 — Parks! America, Inc. (OTCPink: PRKA), a leading operator of regional safari parks in the U.S., today issued its 2024 Shareholder Letter providing an update on the strategic direction of the Company for 2024 and on current developments. Dear Parks! America Shareholders, Since becoming the CEO of Parks! America in November of 2022, your Company encountered a challenging environment in 2023 ranging from a devastating EF3 tornado in March that hit our main property in Georgia causing a temporary shutdown, to an activist investor initiating a frivolous campaign of misinformation to essentially execute a hostile takeover of your company. We were able to safely reopen our Georgia property in just 20 days, due to the dedication and hard work of our employees and I am grateful for their outstanding efforts. I am pleased to report we are nearly fully recovered from all the tornado damage, and we fully expect to put this activist investor action behind us for the benefit of all Parks! America shareholders. I am resolute in my commitment to steer Parks! America toward a brighter future, with enhanced shareholder value, grounded in transparency and integrity. I love this company, our valued employees and the unique entertainment and educational roles that our properties serve, and I am dedicated to enhancing those unique capabilities to the maximum extent possible. I value your input and feedback tremendously, and I encourage you to continue sharing your perspectives with me. Your insights are invaluable as we navigate through this critical phase of our journey together. Rest assured that every decision I make is guided by our collective best interests and long-term success. Now, let’s discuss some of the strategic initiatives we are implementing to drive long-term value for our shareholders. After years of neglect from our prior CEO we are making the necessary investments to restore our properties as desirable destinations for new and returning customers and to communicate with our loyal shareholders on a regular basis. Investment in Park Assets and Amenities: We are committed to updating our park assets and amenities, which have been neglected in the past. In the near term, focus will be on improving infrastructure and facilities which were left neglected by my predecessor and enhancing the overall guest experience. 2 Operational Efficiencies: We are working tirelessly to improve operational efficiencies across all our parks. By streamlining processes and optimizing resources, we aim to maximize productivity and profitability. Enhanced Marketing and Brand Awareness: We are investing in marketing efforts to increase brand awareness and attract more visitors to our parks. This includes targeted digital campaigns, social media initiatives, and community engagement activities. Customer Satisfaction: Our top priority is ensuring that every guest has an exceptional experience at our parks. We are focused on delivering outstanding customer service and creating memorable moments for visitors of all ages. Shareholder Communications: While the prior CEO did not engage in consistent shareholder communications, we are dedicated to conducting Annual Shareholder Meetings – the first of which will take place on June 6, 2024. We have also initiated quarterly financial reporting conference calls to keep shareholders abreast of our operational performance and to consistently provide progress updates on the execution of our strategic business plan. From a financial standpoint, our strong balance sheet is being negatively impacted by the frivolous claims from Focused Compounding, diverting valuable resources from the revitalization of our parks and shareholders. Focused Compounding is not qualified to run Parks! America, or any public company for that matter. To this point, FC has not presented a cogent strategic plan on how they intend to operate this company more effectively and profitably. They expect blind