Form 8-K - Current report

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

December 22, 2023		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 8.01 Other Events

On December 22, 2023, Lisa Brady, President and CEO of Parks! America, Inc. sent a letter (the “letter”) to Andrew Kuhn of Focused Compounding Capital Management, LLC, in response to a letter addressed to the Company’s Board of Directors on December 18, 2023. A copy of Ms. Brady’s letter is attached as Exhibit 99.1 to this Report on Form 8-K.

The information in the letter is being furnished, not filed, pursuant to Item 8.01. Accordingly, the information in the letter shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(a) Financial statements of businesses acquired:

Not applicable

(b) Pro forma financial information:

Not applicable

(d) Exhibits:

Exhibit No.		Description of Exhibit
99.1		Letter from Lisa Brady to Andrew Kuhn on December 22, 2023
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: December 22, 2023

	PARKS! AMERICA, INC.

	By:	/s/ Todd R. White
	Name:	Todd R. White
	Title:	Chief Financial Officer

Exhibit 99.1

December 22, 2023

VIA EMAIL

Focused Compounding Fund, LP

3828 Oak Lawn Ave, Suite 1000

Dallas, Texas 75219

Attn: Andrew Kuhn

Andrew@focusedcompound.com

Re: Response to your letter to the Board of Parks! America, Inc. dated December 18, 2023

Dear Mr. Kuhn,

We have received the letter dated December 18, 2023 sent on behalf of Focused Compounding Fund, LP (“Focused’) outlining Focused’s proposed terms for a standstill and the potential composition of the Board of Directors (the “Board”) of Parks! America, Inc. (the “Company”). The letter has been shared with our full Board.

We appreciate this opportunity to continue our dialogue with you and Focused. We are committed to maximizing value for all shareholders, and the Board wants to reiterate that we are open to a constructive dialogue.

It is essential to clarify that our fiduciary duties are to safeguard the interests of shareholders. While the Board desires to maintain the independence of our directors, it is willing to engage Focused in constructive dialogue that benefits all shareholders.

We value the chance to discuss matters of mutual interest. Please respond in writing to the Board to schedule a meeting.

Sincerely,

Lisa Brady

President and CEO

Parks! America, Inc.

P.O. Box 1197 • 1300 Oak Grove Road • Pine Mountain • Georgia • 31822-1197

Phone (706) 663-8744 • www.animalsafari.com

Cover	Dec. 22, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Dec. 22, 2023
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