Form 8-K - Current report
December 22 2023 - 5:28PM
Edgar (US Regulatory)
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0001297937
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2023-12-22
2023-12-22
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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
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
(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:
December 22, 2023
|
PARKS!
AMERICA, INC. |
|
|
|
|
By: |
/s/
Todd R. White |
|
Name: |
Todd
R. White |
|
Title: |
Chief
Financial Officer |
Exhibit
99.1
![](https://www.sec.gov/Archives/edgar/data/1297937/000149315223046004/ex99-1_001.jpg)
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,
![](https://www.sec.gov/Archives/edgar/data/1297937/000149315223046004/ex99-1_003.jpg)
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
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