Form 8-K - Current report
June 17 2024 - 6:02AM
Edgar (US Regulatory)
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2024-06-14
2024-06-14
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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:
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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