Annonce • Dec 18
Parks! America, Inc. (OTCPK:PRKA) announces an Equity Buyback for 75,000 shares, representing 9.95% for $3 million. Parks! America, Inc. (OTCPK:PRKA) announces a share repurchase program. Under the program, the company will repurchase up to 75,000 shares, representing 9.95% of its issued share capital for $3 million. The program will be funded using the company's cash on hand. Annonce • Mar 13
Parks! America, Inc. Approves Election of Matthew Hansen as Director Parks! America, Inc. announced that at its AGM held on March 7, 2025, shareholders approved the election of Matthew Hansen as director of the company. Annonce • Jan 13
Parks! America, Inc., Annual General Meeting, Mar 07, 2025 Parks! America, Inc., Annual General Meeting, Mar 07, 2025. Location: the lodge and spa, callaway gardens sourwood rooms 4&5, 4500 southern pine drive pine mountain, ga 31822., United States Annonce • Aug 10
Parks! America, Inc. to Report Q3, 2024 Results on Aug 13, 2024 Parks! America, Inc. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 13, 2024 Annonce • Jun 14
Parks! America, Inc. Announces Board Changes Focused Compounding Fund, LP announced that at the annual meeting of Parks! America held on June 6, 2024, the preliminary voting results indicated that each of the Focused Compounding nominees, Geoff Gannon, Andrew Kuhn, Jacob McDonough and Ralph Molina, were decisively elected to the board of directors of the Company . Also elected to the Board were Lisa Brady, Jon M. Steele and Todd R. White. Company nominees Charles Kohnen, Jeffery Lococo and Rick Ruffolo were not elected. Annonce • May 24
Focused Compounding Issues an Open Letter to Shareholders of Parks! America On May 23, 2024, Focused Compounding Fund LP announced that on May 22, 2024, it has issued a press release containing an open letter to the shareholders of Parks! America Inc, stating that the Company’s incumbent board adopted a poison pill making it impossible for any 10% or larger shareholder to purchase the other stockholders shares, and they won’t get any offers from 10% shareholders to buy the stock while that pill is in place. In addition, Focused Compounding Fund stated that its plan for the Company is built around a series of events designed to provide liquidity to shareholders, in addition to considering the termination of the poison pill, and it can happen in one of two ways: 1) a tender offer or stock buyback, 2) a special dividend. Annonce • May 16
Focused Compounding Fund LP Issues a Letter to Shareholders of Parks! America Inc On May 14, 2024, Focused Compounding Fund, LP announced that it has issued an open letter to shareholders of Parks! America, Inc describes the importance of voting at the Annual Meeting stating that by exercising the shareholders' right to vote at the February special election (where Focused Compounding received 57% of votes cast vs. 43% for the incumbent board) the shareholders won a “significant breakthrough for registered shareholders”, quarterly earnings calls, an annual meeting, and an investor day. This simple act of voting the shares caused the Company to do more for the shareholders in 14 weeks than it had in 14 years. Annonce • May 15
Focused Compounding Fund Posts Updates on Social Media On May 13, 2024, Focused Compounding Fund, LP announced that Andrew Kuhn made an X post on behalf of Focused Compounding Fund, LP pertaining to the upcoming annual meeting of Parks! America, Inc scheduled for June 6, 2024, for which it has nominated 4 director-nominees for election to the Company’s board of directors. Annonce • May 09
Focused Compounding Fund Publicizes Plan for Parks! America On May 8, 2024, Focused Compounding Fund, L.P. announced that it has issued its operating plan for Parks! America, Inc. Focused Compounding urged shareholders to vote for its nominated director candidates and stated that if all 4 of its nominees are elected to the Company’s board of directors at the upcoming annual meeting scheduled for June 6, 2024, such new directors will work with the other members of the Company’s Board to implement the Operating Plan, subject to their fiduciary duties. Focused Compounding added that Capital will be returned in two phases: i) Phase one will consist of multiple one-time events intended to return the greatest amount of cash to shareholders in the shortest amount of time, ii) Phase two will consist of ongoing cash returns to shareholders. Annonce • Apr 03
Focused Compounding Fund Raises Concerns about Parks! America’s Chief Executive Officer On April 02, 2024, Focused Compounding Fund, L.P. announced that it raises concerns about Parks! America, Inc.’s Chief Executive Officer, Lisa Brady, and her lack of operational skills in an open letter to the Company’s Board of Directors, and advises stockholders that they have a choice on the future direction of the Company at the Company’s annual meeting scheduled for June 6, 2024. Focused Compounding stated that it also urges stockholders to vote for its nominated director candidates. Annonce • Apr 02
Focused Compounding Fund Provides Information to the Shareholders of Parks! America On April 02, 2024, Focused Compounding Fund, L.P. announced that it has raised concerns about Parks! America, Inc.’s Chief Executive Officer, Lisa Brady, and her lack of operational skills in an open letter to the Company’s Board of Directors and advises stockholders to have a choice on the future direction of the Company at the Company’s annual meeting scheduled for June 6, 2024. Focused Compounding urged stockholders to vote for its nominated director candidates. Annonce • Mar 06
Focused Compounding Provides Information to Shareholders of Parks! America On March 4, 2024, Focused Compounding Fund, LP announced that the Eighth Judicial District Court of Clark County, Nevada granted a temporary restraining order in favor of Focused Compounding enjoining the defendants from: (1) causing Parks! America, Inc. to enter into any transaction regarding the issuance or sale of stock without first approaching Focused Compounding to determine whether it is willing to purchase the Company’s stock on terms more favorable than those offered to or considered by the Company; (2) generally causing an amendment to any provision of the Company’s bylaws that is applicable to the annual meeting without first seeking leave of the court; and (3) causing the Company to change the June 6, 2024 date of the annual meeting without first seeking leave of the court. Focused Compounding also stated that unless extended by the court or by stipulation of the parties, the above temporary restraints shall remain in effect until March 15, 2024, when a hearing is scheduled to occur on whether the court will issue a preliminary injunction. Annonce • Feb 23
Focused Compounding Fund, LP Provides Information to the Shareholders of Parks! America, Inc On February 21, 2024, Focused Compounding Fund, LP announced that its proxy solicitor, InvestorCom has sent a letter dated February 16, 2024 to the Shareholders of Parks! America, Inc. and stated the Special Meeting of Shareholders of the Company to be held on February 26, 2024 where shareholders have the opportunity to make their voices heard, remove the current board and elect a new slate of directors who will work to optimize the value of their investment, among other things. Focused Compounding added that their interest is the same as yours; namely, to maximize the value of all of their investment in the Company it believes to do that it must change the direction of the Company and make sure that actions taken are in the best interests of all shareholders, not to protect management and entrench the board. Annonce • Feb 14
Parks! America, Inc. to Report Q1, 2024 Results on Feb 13, 2024 Parks! America, Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 13, 2024 Annonce • Feb 13
Parks! America, Inc. Appoints Charles Kohnen as the Interim Chairman of the Board On February 7, 2024, the Board of Directors of Parks! America, Inc. appointed Charles Kohnen as the interim Chairman of the Board, effective immediately. Mr. Kohnen replaces Dale Van Voorhis as Chairman of the Board. Mr. Van Voorhis will continue to serve as a member of the Company’s Board of Directors. Additionally, on February 7, 2024, the Company terminated Mr. Van Voorhis’ employment as an officer of the Company pursuant to the terms of the employment agreement, dated June 1, 2022, by and between Mr. Van Voorhis and the Company. Annonce • Jan 31
Focused Compounding Provides Information to the Shareholders On January 30, 2024, Focused Compounding announced that currently a special meeting of shareholders is scheduled to be held virtually on February 26, 2024, and an annual meeting of shareholders is scheduled to be held virtually on June 6, 2024. As previously disclosed, Focused Compounding called the Special Meeting scheduled by Parks! America, Inc to be held on February 26, 2024. The purpose of the Special Meeting, among other things, is to remove all of the current directors from the board of directors of the Company, and to elect Focused Compounding’s 3 nominees, Andrew Kuhn, Geoff Gannon and James Ford to replace the current Board. Subsequent to Focused Compounding submitting a notice to the Company requiring the Company to hold the Special Meeting, its first meeting of shareholders since October 19, 2010, more than 13 years ago the Company filed a Current Report on Form 8-K on January 16, 2024, disclosing that the Company will hold the 2024 Annual Meeting on June 6, 2024. In connection with the 2024 Annual Meeting, on January 26, 2024, Focused Compounding delivered a nomination letter to the Company providing notice that Focused Compounding intends to nominate 4 director-nominees for election to the Board at the 2024 Annual Meeting, and that Focused Compounding intends to solicit votes in support of its nominees. Such nominees for election to the Board at the 2024 Annual Meeting are (i) Andrew Kuhn, (ii) Geoff Gannon, (iii) Jacob McDonough and (iv) Ralph Molina (the 2024 Annual Meeting Nominees). Annonce • Jan 30
Focused Compounding Fund LP Provides Information to Shareholders of Parks! America, Inc On January 30, 2024, Focused Compounding Fund, LP announced that it has made a social media post containing a press release that was filed as soliciting materials, which was shared by Jacob McDonough who Focused Compounding Fund, LP has nominated for election to Parks! America, Inc.’s board of directors at the 2024 Annual Meeting of shareholders scheduled for June 6, 2024. Annonce • Jan 17
Parks! America, Inc., Annual General Meeting, Jun 06, 2024 Parks! America, Inc., Annual General Meeting, Jun 06, 2024, at 10:00 US Eastern Standard Time. Annonce • Jan 11
Focused Compounding Issues Open Letter to the Board of Parks! America On January 8, 2024, Focused Compounding Fund, LP issued a letter to the board of directors of Parks! America, Inc. stated that the Company has not held an annual meeting for 13 years and the board’s strategy to stay in power is to never, ever hold an annual meeting which is not a choice a board can make. Focused Compounding added that without regular, free and fair elections directors become dictators, they face shareholder votes and mentioned that the Company can appoint whoever you want to the board between elections but can’t call off elections entirely as it a public SEC-filing company and not a trust, a charity, a club, or a college. Annonce • Aug 17
Parks! America, Inc. Provides Earnings Guidance for the Fiscal Year 2023 Parks! America, Inc. provided earnings guidance for the fiscal year 2023. For the year, the company may report a net loss for the fiscal year. Annonce • Jun 02
Parks! America, Inc. Announces the Formation of A Strategic Growth Committee Parks! America, Inc.’s Board of Directors announced the formation of a Strategic Growth Committee. The initial focus of this Committee will be to lead the recruitment of the Company’s next CEO. The Committee will also play a lead role in various strategic planning initiatives of the Company. Rick Ruffolo has been appointed to lead this Committee, with Lisa Brady, Charles Kohnen and Dale Van Voorhis also serving as members. Annonce • Jan 21
Parks! America, Inc. Announces Demise of William Jump, A Member of the Board of Directors William Jump, a member of the Board of Directors of Parks! America, Inc., passed away on January 14, 2021. Annonce • Jul 31
Parks! America, Inc. (OTCPK:PRKA) completed the acquisition of Substantially all the Assets of Adventure Zoo & Safari Park. Parks! America, Inc. (OTCPK:PRKA) entered into a non-binding letter of intent to acquire Substantially all the Assets of Adventure Zoo & Safari Park for $7.5 million on January 15, 2020. Parks! America intends to fund with a combination of available cash and new financing. The transaction is subject to the negotiation and execution of a definitive agreement; completion of satisfactory due diligence of Aggieland; Parks! America’s ability to obtain financing of not less than $5.0 million to complete the transaction; and the receipt of all regulatory, corporate, shareholder and third-party approvals, and the fulfillment of all regulatory requirements and conditions necessary to complete the transaction.
Parks! America, Inc. (OTCPK:PRKA) completed the acquisition of Substantially all the Assets of Adventure Zoo & Safari Park on April 27, 2020. Parks! America, Inc. entered into entered into and closed an asset purchase agreement to acquire Substantially all the Assets of Adventure Zoo & Safari Park for $7.125 million on April 27, 2020. Purchase price is payable as: prior to the closing, paid a $125,000 deposit; $6,050,000 was payable in cash at the closing, $200,000 of the purchase price was deposited into a third party escrow account against certain potential liabilities of the seller and Parks! America gave a promissory note in the principal amount of $750,000. Of the $6,050,000 in cash that was paid at closing $5,000,000 of that amount was financed with a loan from First Financial Bank, N.A. Jon Gardner of Kavinoky Cook, LLP acted as legal advisor to Parks! America and West, Webb, Allbritton & Gentry, P.C. acted as legal advisor to Adventure Zoo & Safari Park.