Parks! America Inc. Files Definitive Additional Materials

TL;DR

Parks! America (PA) filed proxy materials after a May 14th call. Check it out.

AI Summary

Parks! America, Inc. filed a DEFA14A on May 15, 2024, indicating a conference call held on May 14, 2024, to announce information. The filing is a definitive additional material, and the company is based in Pine Mountain, GA, with a fiscal year end of October 1st. The company was formerly known as Great American Family Parks Inc.

Why It Matters

This filing provides additional information to shareholders regarding company matters, potentially impacting their voting decisions and understanding of the company's recent activities.

Risk Assessment

Risk Level: low — The filing is a standard DEFA14A, indicating routine corporate communication rather than a high-stakes event.

Key Players & Entities

• PARKS AMERICA, INC (company) — Registrant
• GREAT AMERICAN FAMILY PARKS INC (company) — Former Company Name
• 0001493152-24-019988 (filing_id) — Accession Number

FAQ

Key Financial Figures

• $1.9 m — nd quarter of 2024 generated revenue of $1.9 million, an increase of 4.4% over last ye
• $750,000 — o devastation in March of 2023. Roughly $750,000 of our 2024 capital spending is to repl
• $1.4 m — plan anticipates spending approximately $1.4 million, which will again be fully funded
• $1 m — rk reported revenues were approximately $1 million, a decrease of 1% and on a pro fo
• $2.25 m — ported park revenues were approximately $2.25 million, a decrease of 4% and on a pro fo
• $400,000 — evenues for Missouri were approximately $400,000, an increase of 48%, and on a pro forma
• $625,000 — ported park revenues were approximately $625,000, an increase of 27%, and on a pro forma
• $487,000 — ported park revenues were approximately $487,000, an increase, I’m sorry, decrease
• $856,000 — ported park revenues were approximately $856,000, an increase of 2%, and on a pro forma
• $1 million — rter of 2024, we reported a net loss of $1 million or $0.01 per share, compared to a net l
• $0.01 — we reported a net loss of $1 million or $0.01 per share, compared to a net loss of ap
• $846,000 — compared to a net loss of approximately $846,000 or $0.01 per share, for the second quar
• $1.37 million — half of 2024, we reported a net loss of $1.37 million or $0.02 per share, compared to a net l
• $0.02 — reported a net loss of $1.37 million or $0.02 per share, compared to a net loss of $1
• $150,000 — 024 adjusted net loss was approximately $150,000, compared to an adjusted net loss of ap

Filing Documents

• formdefa14a.htm (DEFA14A) — 83KB
• 0001493152-24-019988.txt ( ) — 84KB

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 14, 2024, Parks! America, Inc. (the “Company”) held a conference call to announce and discuss its results of operations for the fiscal quarter ended March 31, 2024 and its financial condition as of March 31, 2024. A transcript of the conference call is below: PRESENTATION Operator Good day and welcome to the Parks! America Report’s Second Quarter Fiscal Year 2024 Financial Results Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the “*” key followed by “0.” After today’s presentation, there will be an opportunity to ask questions. To ask a question, you may press “*” then “1” on your telephone keypad, to withdraw your question, please press “*” then “2.” Please note, this event is being recorded. I would now like to turn the conference over to Joe Diaz. Please go ahead. Joe Diaz Good afternoon. And thank you for joining us today to review Parks! America’s financial results for the second quarter of fiscal 2024 ended March 31, 2024. With us today on the call are Lisa Brady, Chief Executive Officer, and Todd White, Chief Financial Officer. Before we begin with prepared remarks, I would like to remind everyone certain statements made by the management team of Parks! America during this conference call constitutes forward-looking statements within the meaning of the Private Security and Litigation Reform Act of 1995. Except for the statements of historical fact, this conference call may contain forward-looking statements that involve risks and uncertainties, some of which are detailed under risk factors in documents filed by the company with the Securities and Exchange Commission, including the annual report on Form 10-K for the year ended October 1, 2023. Forward-looking will prove to be correct. Parks! America does not undertake and specifically disclaims any obligation to update any forward-looking statements except as required by law. I would also like to inform you that we have filed a definitive proxy statement with the SEC in connection with our upcoming 2024 Annual Meeting of Stockholders scheduled to be held on June 6, 2024. The company, its directors, nominees and certain of our executive officers are participants in the solicitation of proxies from our stockholders in connection with the annual meeting. Stockholders are strongly encouraged to read the proxy statement and related materials filed with the SEC carefully and in their entirety as they contain important information about the annual meeting, including the identity of the participants in the solicitation and their direct or indirect interest by securities holdings or otherwise. At the conclusion of today’s prepared remarks, we will open the call for your questions. Now, I would like to turn the call over to Lisa Brady, Chief Executive Officer of Parks! America. Lisa… 2 Lisa Brady Thanks, Joe, and good afternoon, everyone. We appreciate you taking the time today to be on this call. The second quarter of 2024 generated revenue of $1.9 million, an increase of 4.4% over last year’s second quarter. The second quarter is historically our slowest quarter of the fiscal year for park attendance as we’re in the middle of the winter season. While the proxy contest initiated by Focus Compounding in December has been a significant distraction, we continue to execute on our strategic plan to better position Parks! America for improved performance in the quarters and years to come. So, with that, we are pleased to report an increase in revenue over last year’s comparable quarter. We had a particularly strong performance from our Missouri Park as it posted a 48% increase during the quarter, primarily driven by our proactive online marketing campaign, which is delivering a strong return on dollars invested. We are taking a very targeted approach to allocating marketing dollars, focusing on highly qualified audiences that would naturally have an affinity to an adventure like our Wildlife Safari Parks. Our Tex

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View this DEFA14A filing on SEC EDGAR