Parks! America Files Definitive Proxy Materials

TL;DR

Parks! America (PA) dropped proxy docs. Looks like business as usual.

AI Summary

Parks! America, Inc. filed a DEFA14A on May 13, 2024, indicating it is providing definitive additional materials related to its proxy statement. The company, formerly known as Great American Family Parks Inc., is based in Pine Mountain, GA, and operates in the amusement and recreation sector.

Why It Matters

This filing indicates Parks! America, Inc. is proceeding with shareholder communications, likely related to upcoming corporate actions or decisions requiring shareholder approval.

Risk Assessment

Risk Level: low — This is a routine filing for a DEFA14A, indicating standard corporate procedures rather than an immediate, high-stakes event.

Key Players & Entities

• PARKS AMERICA, INC (company) — Registrant
• GREAT AMERICAN FAMILY PARKS INC (company) — Former company name
• 1300 OAK GROVE RD (location) — Business and mailing address
• PINE MOUNTAIN (location) — City of business and mailing address
• GA (location) — State of business and mailing address
• 31822 (location) — ZIP code of business and mailing address
• 706-663-8744 (phone_number) — Business phone number
• 20040721 (date) — Date of former company name change
• 20240513 (date) — Filing date and date of press release

FAQ

Key Financial Figures

• $35 — r certificates to book entry (generally $35-$100 per paper stock certificate) throu
• $100 — rtificates to book entry (generally $35-$100 per paper stock certificate) through Se

Filing Documents

• formdefa14a.htm (DEFA14A) — 25KB
• 0001493152-24-018925.txt ( ) — 26KB

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 13, 2024, Parks! America, Inc. (the “Company”) issued the below press release: Parks! America Announces Significant Breakthrough for Registered Shareholders PINE MOUNTAIN, Georgia – May 13, 2024 — Parks! America, Inc. (OTCPink: PRKA) (“Parks! America” or the “Company” ), a leading operator of regional safari parks in the United States, today announced effective May 1, 2024, Parks! America became eligible for The Depository Transfer Corporation (“DTC”) Fast Automated Securities Transfer Program (“FAST”). The Company is now in the process of working through step-by-step procedures that will allow Parks! America shareholders to transition their paper stock certificates into an electronic format. Upon completion of the transition process, Parks! America shareholders will be able to send their paper stock certificates to Securities Transfer Corporation (“STC”), the Company’s stock transfer agent. STC will then convert the paper certificates to “book entry” or electronic recordkeeping format. Shareholders will then be able to request that their stockbroker move the Parks! America shares into their respective brokerage accounts. The Company will also make its best efforts to identify one or more brokers who will accept Parks! America shares. Lisa Brady, President and CEO of Parks! America, said “We have taken another critical step in our commitment to helping our loyal shareholders. The benefits of holding shares electronically are numerous, including eliminating issues of losing a certificate, being able to transfer and we will publish detailed instructions upon completion. “Many long-term Parks! America stockholders have stock certificates with a RESTRICTED legend, for which we believe an exemption is in effect. We are working with legal counsel and STC to make the process of removing this restriction a seamless part of the conversion to book entry process.” Ms. Brady concluded, “As we believe this is a significant breakthrough for Parks! America stockholders, the Company will cover the cost of legal opinions and DTC compliance matters that may be required in converting their paper certificates to book entry (generally $35-$100 per paper stock certificate) through September 27, 2024. We plan on issuing a press release in the coming week or so to provide all Parks! America shareholders with detailed instructions on how to send your shares to STC for conversion to book entry format.” About Parks! America, Inc. Parks! America, Inc. (OTCPink: PRKA), through its wholly owned subsidiaries, owns and operates three regional safari parks - the Wild Animal Safari theme park in Pine Mountain, Georgia, the Wild Animal Safari theme park located in Strafford, Missouri, and the Aggieland Wild Animal Safari theme park, located near Bryan/College Station, Texas. Additional information, including our Form 10-K for the fiscal year ended October 1, 2023, is available on the Company’s website, http://www.animalsafari.com . Cautionary Note Regarding Forward Looking Statements This news release may contain “forward-looking statements” within the meaning of U.S. securities laws. Forward-looking statements include statements concerning our future plans, business strategy, liquidity, capital expenditures, sources of revenue and other similar are based on our expectations as of the date of this news release and speak only as of the date hereof. Forward-looking statements are expressed or implied by such forward-looking statements. Readers are advised to consider the factors listed under the heading “Risk Factors” and the other information contained in the Company’s annual report and other reports filed from time to time with the SEC. We undertake no obligation to publicly update or revise any forward looking statements whether as a result of new information, future events or otherwise, except as required by law. Important Additional Information The Company, its directors and certain of its executive officers are participants in the solicitation

View Full Filing

View this DEFA14A filing on SEC EDGAR