PRKA Parks America Inc (PK)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

June 14, 2024		000-51254
Date of Report (Date of earliest event reported)		Commission File Number

 

PARKS! AMERICA, INC.

(Exact name of registrant as specified in its charter)

 

Nevada		91-0626756
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)

 

1300 Oak Grove Road

Pine Mountain, GA 31822

(Address of Principal Executive Offices) (Zip Code)

 

(706) 663-8744

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(g) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		PRKA		OTCPink

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On June 14, 2024, Parks! America, Inc. (the “Company”) issued a news release (the “News Release”) announcing Lisa Brady its President and CEO stepped down effective June 14, 2024. Ms. Brady will continue to serve on the Company’s Board of Directors.

 

Geoffrey Gannon has been appointed as the President the Company by its Board of Directors. From 2020, Mr. Gannon has served as the Portfolio Manager at Focused Compounding Fund, LP.

 

This changes follow a comprehensive and productive proxy battle, culminating in a strategic realignment that positions the Company for continued growth and success.

 

Item 9.01. Financial Statements and Exhibits.

 

(a) Financial statements of businesses acquired:

 

Not applicable

 

(b) Pro forma financial information:

 

Not applicable

 

(c) Shell company transactions:

 

Not applicable

 

(d) Exhibits:

 

Exhibit No.		Description of Exhibit
99.1		News release issued by Parks! America, Inc. on June 14, 2024
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: June 17, 2024

 

	PARKS! AMERICA, INC.
	By:	/s/ Todd R. White
	Name:	Todd R. White
	Title:	Chief Financial Officer

 

 

 

Exhibit 99.1

 

 

Parks! America Announces Leadership Transition Plan

 

Pine Mountain, GA – June 14, 2024 – Parks! America, Inc. (OTCPink: PRKA)(the “Company” or “Parks! America”), a leading owner and operator of drive through safari parks, today announced that Lisa Brady has stepped down as President and Chief Executive Officer, effective today, June 14, 2024. This decision follows a comprehensive and productive proxy battle, culminating in a strategic realignment that positions the Company for continued growth and success.

 

During Ms. Brady’s tenure, Parks! America achieved significant milestones, including modernization of the business such as enhanced marketing efforts, dynamic pricing and implementation of guest experience enhancing systems as well as dramatic improvement of corporate culture. Ms. Brady also improved and enhanced the overall park environment and infrastructure through strategic capital investments, modernized animal habitats and educational signage. Ms. Brady led the Company’s Georgia Park recovery following the devastating March 26, 2023 tornado, reopening the park in only 20 days.

 

“Despite many of the headwinds we have experienced over the last 18 months, leading the teams at Parks! America has been an incredible journey, and I am so proud of what we have accomplished together,” said Ms. Brady. “It has been a great honor to work with our dedicated teams at each park and all of our stakeholders and I am confident the foundation we have built has poised the Company for its next phase of growth.”

 

Geoffrey Gannon has been appointed by the Board of Directors as the Company’s President.

 

Geoffrey Gannon, age 38, is the Portfolio Manager at Focused Compounding Fund, LP, and has served in that position since 2020.

 

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, https://animalsafari.com/investor-relations/.

 

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 statements that are not historical in nature. You are cautioned not to place undue reliance on these forward-looking statements, which 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 subject to known and unknown risks, uncertainties and other factors that may cause our actual results to differ significantly from those 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.

 

Contacts:

 

Todd R. White
Chief Financial Officer
(706) 663-8744

todd.white@parksamerica.com

 

 

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Cover	Jun. 14, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jun. 14, 2024
Entity File Number	000-51254
Entity Registrant Name	PARKS! AMERICA, INC.
Entity Central Index Key	0001297937
Entity Tax Identification Number	91-0626756
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	1300 Oak Grove Road
Entity Address, City or Town	Pine Mountain
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	31822
City Area Code	(706)
Local Phone Number	663-8744
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock
Trading Symbol	PRKA

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