Parks! America Files DEFA14A Proxy Statement

TL;DR

Parks! America filed proxy docs, shareholder vote coming up.

AI Summary

Parks! America, Inc. filed a DEFA14A on May 7, 2024, related to a press release issued the same day. The filing indicates no fee was required for this submission. The company, previously known as Great American Family Parks Inc., is incorporated in Nevada and headquartered in Pine Mountain, Georgia.

Why It Matters

This filing is a proxy statement, which means shareholders will be asked to vote on certain company matters. The specific details of what is being voted on are not in this excerpt but are crucial for understanding shareholder influence.

Risk Assessment

Risk Level: low — This filing is a standard procedural document (DEFA14A) and does not inherently contain negative financial or operational news.

Key Players & Entities

• PARKS AMERICA, INC (company) — Registrant
• GREAT AMERICAN FAMILY PARKS INC (company) — Former company name
• May 7, 2024 (date) — Filing and press release date

FAQ

Filing Documents

• formdefa14a.htm (DEFA14A) — 48KB
• logo_001.jpg (GRAPHIC) — 10KB
• 0001493152-24-018091.txt ( ) — 62KB

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 May 7, 2024, Parks! America, Inc. (the “Company”) issued the below press release: Parks! America Addresses False FC Assertions PINE MOUNTAIN, Georgia – May 07, 2024 -- Parks! America, Inc. (OTCPink: PRKA) (“Parks! America” or the “Company” ), a leading operator of regional safari parks in the United States. Dear Parks! America Shareholders, On April 23, 2024, we filed our proxy statement for the upcoming June 6, 2024 Parks! America, Inc. (“PRKA” or the “Company”) Annual Meeting of Stockholders, and the mailing of the proxy commenced on April 26, 2024. Please read the information in this proxy carefully and cast your votes thoughtfully. We strongly encourage you to vote using the WHITE proxy card enclosed with your proxy. If you have not received your proxy materials, including the WHITE proxy card, please immediately contact our proxy solicitor, Saratoga Proxy Consulting, LLC at (888) 368-0379 or info@saratopgaproxy.com. Focused Compounding (“FC”) had committed to use a Blue proxy card; we urge you to NOT vote the FC Blue proxy card and to toss it in the trash. FC caused considerable confusion ahead of the February 26, 2024 Special Meeting of Stockholders by sending certain investors white proxy cards and others blue proxy cards. Additionally, the vote proxy by phone number included on FC’s mailed proxy card for Special Meeting directed shareholders to vote a proxy for China Jo-Jo Drugstores, Inc. This amateurish occurrence had the potential to disenfranchise our shareholders. It’s been a wild ride since mid-December last year when FC launched their attempt at a hostile takeover of your Company without articulating any plans for the Company or offering a control premium to the remaining shareholders for the privilege of FC controlling the Company and its assets as they see fit. They attempted to bully the Board of Directors (the “Board”) into immediately turning over the Company and three days later called for a Special Election in the hope of removing the existing Board. They were wrong. FC Continues to Reject Settlement Offers that are in the Best Interests of the Company and its Shareholders, and Instead has Unnecessarily Continued a Costly Campaign It must be noted that the PRKA Board has offered FC board representation commensurate with their ownership percentage of PRKA to put an end to this needless and expensive proxy contest. FC owns 38.5% of the outstanding stock of PRKA. FC has been offered three of the seven seats that comprise the Board. In fact, that representation exceeds their percentage ownership of PRKA stock. FC has rejected ALL reasonable offers. We are left to conclude their singular interest is to control the Company without owning a majority of PRKA stock. The remainder of the PKRA shareholders need to seriously consider the implications of FC’s intentions. 2 As you’ve heard in various correspondence, FC has expressed several issues with management and the Board of PRKA. As we approach the Annual Meeting it is time to address some of those concerns and set the record straight: FC assertion : Lisa Brady is not qualified to be CEO of Parks! America. PRKA FACT : Lisa Brady was brought on after an extensive nationwide search and hiring process. She has meaningful direct industry experience both in operating and management functions at Cedar Fair, a leading owner and operator of regional amusement and water parks, and a New York Stock Exchange-listed company. She has capital markets experience, which will be important as the Company reignites consistent growth and requires additional capital to step up to the next level. In addition, Ms. Brady and her husband own several small businesses, including a kayak outfitter and a boutique hotel, which have provided Ms. Brady with valuable and unique experience developing, operating and optimizing commercial efforts on a smaller scale. For the past 18 months she has been working to address the issues created by the Company’s previous Chairman and CEO, Dale Van Voorhis, and his team. While there is still work t

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View this DEFA14A filing on SEC EDGAR