Focused Compounding Fund Amends 13D on Parks! America Stake

TL;DR

**Focused Compounding Fund is still a major player in Parks! America, Inc.**

AI Summary

Focused Compounding Fund, LP, led by Geoff Gannon and Andrew Kuhn, filed an amendment to their Schedule 13D on January 4, 2024, indicating their continued significant ownership in Parks! America, Inc. This filing, Amendment No. 3, updates their previous disclosures regarding their stake in the company's Common Stock. This matters to investors because it signals that a notable institutional investor maintains a substantial position, potentially indicating confidence in the company's long-term prospects or an ongoing activist interest in its direction.

Why It Matters

This filing shows that a key institutional investor, Focused Compounding Fund, LP, continues to hold a significant stake in Parks! America, Inc., which can influence the company's governance and strategic decisions.

Risk Assessment

Risk Level: low — This filing is an amendment to an existing disclosure and does not indicate any immediate new risks or significant changes in ownership that would drastically alter the company's risk profile.

Analyst Insight

Investors should note the continued presence of Focused Compounding Fund, LP as a significant shareholder, which could imply ongoing oversight or potential future strategic involvement with Parks! America, Inc. It's worth monitoring future filings for any changes in their stake or stated intentions.

Key Players & Entities

• Focused Compounding Fund, LP (company) — the filing person and significant shareholder of Parks! America, Inc.
• Parks! America, Inc. (company) — the subject company whose securities are being reported
• Geoff Gannon (person) — authorized to receive notices for Focused Compounding Capital Management, LLC
• Andrew Kuhn (person) — authorized to receive notices for Focused Compounding Capital Management, LLC
• Focused Compounding Capital Management, LLC (company) — manages Focused Compounding Fund, LP

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, Par Value $0.001 per share (Title of Class of Securitie

Filing Documents

• prka-sc13da_010924.htm (SC 13D/A) — 30KB
• 0001999371-24-000287.txt ( ) — 32KB

Identity and Background

Item 2. Identity and Background.

of the Schedule 13D is hereby amended and

Item 2 of the Schedule 13D is hereby amended and supplemented by adding the following: On January 4, 2023, Focused Compounding filed a contested preliminary proxy statement with the SEC (the “Preliminary Proxy Statement”). Such Preliminary Proxy Statement named Geoff Gannon and Andrew Kuhn, principals of Focused Compounding, as well as James Ford as director-nominees for election to the board of directors of the Company (the “Board”). Mr. Ford, whose principal 546,198 Shares.

Purpose of

Item 4.Purpose of Transaction

of the Schedule 13D

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following: On January 4, 2024, Focused Compounding filed the Preliminary Proxy Statement described in Item 2 above, which is incorporated in this Item 4 by reference. The matters described in the Preliminary Proxy Statement to be considered and voted upon at the Special Meeting consist of the five (5) following proposals: PROPOSAL 1 (Bylaw Restoration) : Repeal any provision of the Bylaws of Parks! America, Inc. as adopted on January 30, 2004 and as revised as of June 12, 2012 (the “ Bylaws ”), including any amendments thereto, in effect at the time this Proposal becomes effective, which was not included in the Bylaws that were in effect as of June 12, 2012 and were filed with the SEC on July 16, 2012 (the “ Bylaw Restoration Proposal ”) to restore the Bylaws to their current form if the board of directors (the “ Board ”) of the Company attempts to amend them in any manner prior to completion of this proxy solicitation. PROPOSAL 2 (Removal) : Remove all seven (7) members of the Board (Lisa Brady, Todd White, Dale Van Voorhis, John Gannon, Charles Kohnen, Jeffery Lococo and Rick Ruffolo) pursuant to Section 4.9(a) of the Bylaws (the “ Removal Proposal ”). PROPOSAL 3 (Bylaw Amendment) : Amend and restate Section 4.7 of the Bylaws (the “ Bylaw Amendment Proposal ”) to read as follows: “4.7 Vacancy on Board of Directors. In case of a vacancy on the Board of Directors because of a director’s resignation, removal or other departure from the board, or because of an increase in the number of directors, the remaining directors, by majority vote, may elect a successor to hold office for the unexpired term of the director whose position is vacant, and until the election and qualification of a successor. In the event any directors are removed by a vote of the shareholders, then the shareholders shall have the right to elect suc

View Full Filing

View this SC 13D/A filing on SEC EDGAR