Parks! America Files Proxy Materials

TL;DR

Parks! America (PARK) dropped proxy docs, shareholders vote soon.

AI Summary

Parks! America, Inc. filed a DEFA14A on May 28, 2024, indicating it is providing additional materials related to its proxy statement. The company, formerly known as Great American Family Parks Inc., is incorporated in Nevada and operates in the amusement and recreation services sector. Its principal business address is in Pine Mountain, Georgia.

Why It Matters

This filing provides important information for shareholders regarding company governance and voting matters, which can influence the direction and performance of Parks! America, Inc.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement update and does not contain information suggesting immediate financial risk.

Key Players & Entities

• PARKS AMERICA, INC (company) — Registrant
• GREAT AMERICAN FAMILY PARKS INC (company) — Former company name
• May 28, 2024 (date) — Filing date
• 1300 OAK GROVE RD (location) — Business address
• PINE MOUNTAIN (location) — City of business address
• GA (location) — State of business address
• 31822 (location) — ZIP code of business address

FAQ

Filing Documents

• formdefa14a.htm (DEFA14A) — 26KB
• logo_01.jpg (GRAPHIC) — 11KB
• 0001493152-24-021585.txt ( ) — 43KB

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 28, 2024, Parks! America, Inc. (the “Company”) issued the following press release: 2 Parks! America Announces ISS Recommends Shareholders Vote “FOR” Each of the Director Nominees Recommended by the Board ISS Joins Glass Lewis in Support of CEO Lisa Brady and the Parks! America slate of directors Parks! America Reminds Shareholders to Vote Today on the WHITE Proxy Card for Our Highly Qualified Nominees PINE MOUNTAIN, Georgia, May 28, 2024 (GLOBE NEWSWIRE) — Parks! America, Inc. (OTCPink: PRKA) (the “Company” or “Parks! America”) , a leading operator of regional safari parks in the U.S., announced today that Institutional Shareholders Services, Inc, (“ISS”), a leading independent proxy advisory firm, has recommended that Parks! America shareholders vote “FOR” each of the Board of Directors’ nominees: Lisa Brady, Charles Kohnen, Jeffery Lococo, Rick Ruffolo, Jon M. Steele and Todd R. White; “FOR” Geoff Gannon, the Focused Compounding Fund, LP (collectively with its affiliates, “Focused Compounding”) nominee who was recommended by the Board of Directors; “AGAINST” all other Focused Compounding nominees; and “AGAINST” the Focused Compounding proposal at the upcoming Annual Meeting on June 6, 2024. The ISS Analysis stated, “Given the lack of detail of the dissident critique, and the lack of a go-forward plan underlying its attempt at board control, support for the dissident campaign (Focused Compounding) is not warranted (emphasis added) . Shareholders are therefore recommended to vote FOR the board-supported candidates, which include the six members of the management slate (White, Kohnen, Brady, Lococo, Ruffolo, and Steele) and one dissident nominee (Gannon).” Lisa Brady, Chief Executive Officer of Parks! America, said, “We are pleased that the non-partisan analyses of both ISS and Glass Lewis have concluded that the interests of the Parks! America shareholder base are best served by the current management team and the Board of Directors. This is a strong validation from the leading independent arbiters in these corporate matters. We are making measurable progress in reinvigorating our properties after years of neglect and significant disrepair. We look forward to continuing to execute our strategic plan and to enhance shareholder value.” VOTE “FOR” PARKS! AMERICA’S NOMINEES ON THE WHITE PROXY CARD TODAY If you have any questions or require any assistance with voting, please contact the Company’s proxy solicitor, Saratoga Proxy Consulting, LLC, by calling (212) 257-1311 or toll free at (888) 368-0379, or by email at info@saratogaproxy.com . 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. 3 Additional information, including our Annual Report on 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 on Form 10-K and other reports filed from time to time with the U.S. Securities and Exchange Commission (the “SEC”). We undertake no obl

View Full Filing

View this DEFA14A filing on SEC EDGAR