Parks! America Inc. Files Proxy Statement

TL;DR

Parks! America filed proxy docs, get ready to vote.

AI Summary

Parks! America, Inc. filed a DEFA14A on April 17, 2024, related to soliciting material under Section 240.14a-12. The company, formerly known as Great American Family Parks Inc., is based in Pine Mountain, GA, and operates in the amusement and recreation sector. This filing indicates ongoing corporate communications and potential shareholder engagement.

Why It Matters

This filing is a proxy statement, which is crucial for shareholders to understand company proposals and exercise their voting rights, impacting corporate governance and strategic decisions.

Risk Assessment

Risk Level: low — This is a routine SEC filing (DEFA14A) for a proxy statement, not indicating immediate financial distress or significant operational changes.

Key Players & Entities

• PARKS! AMERICA, INC (company) — Registrant
• GREAT AMERICAN FAMILY PARKS INC (company) — Former Company Name
• 1300 OAK GROVE RD (location) — Business and Mail Address
• PINE MOUNTAIN, GA (location) — City, State of Business and Mail Address
• 706-663-8744 (phone_number) — Business Phone Number
• April 17, 2024 (date) — Filing Date and Press Release Date

FAQ

Filing Documents

• formdefa14a.htm (DEFA14A) — 52KB
• 0001493152-24-014978.txt ( ) — 53KB

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 April 17, 2024, Parks! America, Inc. (the “Company”) issued the below press release: Parks! America Interim Chairman Issues Open Letter to Shareholders PINE MOUNTAIN, Georgia — April 17, 2024 — Parks! America, Inc. (OTCPink: PRKA) (“Parks! America” or the “Company” ), a leading operator of regional safari parks in the United States, today issued an open letter to shareholders from interim Chairman Charles Kohnen. Dear Parks! America Shareholders, My name is Charles Kohnen. I am Parks! America’s interim Chairman of the Board. I would like to address those shareholders who believe they have been misled or are being disenfranchised by the self-serving interests of the principals of Focused Compounding Fund, L.P. (“FC”). If you invested, whether directly or indirectly, in the Company based on information from FC, Kuhn Capital Partners, Whitney Kuhn LLC, PRKAproxyfight.com , Andrew Kuhn’s X (formerly Twitter) account or any other Andrew Kuhn or Geoff Gannon-related vehicle, then we would like to hear from you. If you feel like you are being used as a mere pawn in FC’s ill-advised, hubristic attempt for its principals to gain control of our Company for themselves, then please contact Parks! America via phone at (706) 663-8744 or email at info.ga@animalsafari.com . To ensure our prompt attention, please include “To Charles Kohnen” in the subject line if you decide to email the Company. It takes courage to stand up and do the right thing rather than stay silent, but the alternative is the likely ruination of your Company and loss of investment if FC were to take control. I have a lot of “skin in this game.” I currently control 22,954,471 shares (30.3%) of Parks! America. I am a longtime buyer of shares on the open market and am aligned with my fellow PRKA shareholders. My only desire is to see this Company become operationally excellent and consistently profitable in the coming years. That is why I have continually invested in this Company. In a letter to the Board of Directors of PRKA dated January 8, 2024, Geoff Gannon, one of FC’s principals, wrote about why they intended to conduct this proxy contest: “I’m writing to make our gripe clear. That word “gripe” is in the singular because we only have one. We’re running a single issue campaign. We ’ re not saying there ’ s anything wrong with the way you ’ re running the company. We’re saying you’re wrong to be running the company….” The single issue referenced above by Gannon was PRKA not holding annual shareholder meetings since 2010. Previous Chairman and CEO Dale Van Voorhis was adamantly against holding annual meetings citing cost concerns. By virtue of a number of conversations during 2023 with Lisa Brady, the principals of FC knew full well of the Company’s plans to hold an annual meeting in 2024. They have conveniently not mentioned those discussions. This is disingenuous. These last several months of corporate upheaval have been unnecessary and entirely avoidable. But FC has wanted upheaval. They thought they could hijack the Company by demanding a Special Shareholder Meeting and replacing the board. Current PRKA management attempted to work with FC within days of FC’s purchase of all of former CEO Dale Van Voorhis’ PRKA shares—more than 16 million of them—on December 14, 2023. That acquisition brought FC’s ownership of PRKA to 38.5%. Andrew Kuhn, another of FC’s principals, had no interest in working together or reaching a compromise so that we could move the Company forward. Unfortunately for FC, their Special Meeting gambit failed. So, FC continues through the proxy process for the upcoming annual meeting of shareholders. Under previous Chairman and CEO Mr. Van Voorhis, this Company was badly managed: A myriad of poor decisions in the name of “saving money” which had harmful consequences such as under-insurance of our Georgia park, which was hit directly by a tornado in late March 2023. Poor human re

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View this DEFA14A filing on SEC EDGAR