PARKS! AMERICA


Associated tags: Bryan–College Station, PINE

Locations: TEXAS, PINE MOUNTAIN, GEORGIA, US, NO, UNITED STATES, FLORIDA, NEVADA, PARK, VAN VOORHIS, MISSOURI, VAN

Parks! America Announces ISS Recommends Shareholders Vote “FOR” Each of the Director Nominees Recommended by the Board

Retrieved on: 
Tuesday, May 28, 2024

PINE MOUNTAIN, Georgia, May 28, 2024 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA) (the “Company” or “Parks! America”), a leading operator of regional safari parks in the U.S., announced today that Institutional Shareholders Services, Inc, (“ISS”), a leading independent proxy advisory firm, has recommended that Parks! America shareholders vote “FOR” each of the Board of Directors’ nominees: Lisa Brady, Charles Kohnen, Jeffery Lococo, Rick Ruffolo, Jon M. Steele and Todd R. White; “FOR” Geoff Gannon, the Focused Compounding Fund, LP (collectively with its affiliates, “Focused Compounding”) nominee who was recommended by the Board of Directors; “AGAINST” all other Focused Compounding nominees; and “AGAINST” the Focused Compounding proposal at the upcoming Annual Meeting on June 6, 2024.

Key Points: 
  • America slate of directors
    PINE MOUNTAIN, Georgia, May 28, 2024 (GLOBE NEWSWIRE) -- Parks!
  • America”), a leading operator of regional safari parks in the U.S., announced today that Institutional Shareholders Services, Inc, (“ISS”), a leading independent proxy advisory firm, has recommended that Parks!
  • America, said, “We are pleased that the non-partisan analyses of both ISS and Glass Lewis have concluded that the interests of the Parks!
  • America shareholder base are best served by the current management team and the Board of Directors.

Parks! America, Inc. Announces Glass Lewis Recommends Parks! America Shareholders Vote “FOR” Each of the Director Nominees Recommended by the Board

Retrieved on: 
Thursday, May 23, 2024

PINE MOUNTAIN, Georgia, May 23, 2024 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA) (the “Company” or “Parks! America”), a leading operator of regional safari parks in the U.S., announced today that Glass Lewis & Co. (“Glass Lewis”), a leading independent proxy advisory firm, has recommended that Parks! America shareholders vote “FOR” each of the Board of Directors’ nominees: Lisa Brady, Charles Kohnen, Jeffery Lococo, Rick Ruffolo, Jon M. Steele and Todd R. White; “FOR” Geoff Gannon, the Focused Compounding Fund, LP (collectively with its affiliates, “Focused Compounding”) nominee who was recommended by the Board of Directors; “AGAINST” all other Focused Compounding nominees; and “AGAINST” the Focused Compounding proposal at the upcoming Annual Meeting on June 6, 2024.

Key Points: 
  • Glass Lewis Recommends Shareholders Vote on Parks!
  • America”), a leading operator of regional safari parks in the U.S., announced today that Glass Lewis & Co. (“Glass Lewis”), a leading independent proxy advisory firm, has recommended that Parks!
  • America, commented, “We are pleased with the Glass Lewis recommendations relating to this proxy matter.
  • America shareholders, as opposed to a vague plan by dissidents with no industry or public company experience.

Parks! America Provides Instructions to Shareholders Converting Paper Stock Certificates to Book Entry

Retrieved on: 
Wednesday, May 22, 2024

America shareholders detailed instructions outlining the process of converting their paper stock certificates to book entry or electronic recordkeeping format.

Key Points: 
  • America shareholders detailed instructions outlining the process of converting their paper stock certificates to book entry or electronic recordkeeping format.
  • America, Inc. paper stock certificate(s) to STC:
    DO NOT sign the back of your stock certificate(s).
  • The process of conversion to book entry format is a first step toward being able to trade currently paper certificated Parks!
  • Avoiding the issues of handling and keeping track of paper certificates is one of the key reasons we are encouraging shareholders to convert to book entry.

Parks! America Issues Open Letter to Shareholders, “Your Choice is Now Clear”

Retrieved on: 
Tuesday, May 21, 2024

Our belief is that FC seeks control to further their own interests and not the best interests of all Parks!

Key Points: 
  • Our belief is that FC seeks control to further their own interests and not the best interests of all Parks!
  • America and managing the ongoing public-company / SEC regulatory process, makes them, from our perspective, an exceptionally undesirable operating team.
  • They are focused on wresting control of the Company in any way possible without the experience and skill sets to succeed.
  • A quick overview of the key events of the past four years is in order:
    January 2020: FC acquires 17.5% of Parks!

Parks! America, Inc. Reports Second Quarter Fiscal 2024 Financial Results

Retrieved on: 
Tuesday, May 14, 2024

PINE MOUNTAIN, Georgia, May 14, 2024 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA), a leading operator of regional safari parks in the U.S., today announced the financial results for the second quarter of fiscal year 2024 ended March 31, 2024.

Key Points: 
  • America, Inc. (OTCPink: PRKA), a leading operator of regional safari parks in the U.S., today announced the financial results for the second quarter of fiscal year 2024 ended March 31, 2024.
  • The second quarter of fiscal 2024 included $1.16 million of expenses associated with the FC contested proxy and related matters, while the second quarter of fiscal 2023 included $632,372 of tornado related expenses and asset write-offs.
  • Although the flat year-to-date, director compensation was declared and expensed second quarter of fiscal 2023, compared first quarter of fiscal 2024.
  • EBITDA, a non-GAAP measure, for the second quarter of fiscal 2024 improved $306,010 to $108,965, compared to negative $197,045 for the second quarter of fiscal 2023.

Parks! America, Inc. to Report Second Quarter Fiscal 2024 Financial Results on May 14, 2024

Retrieved on: 
Thursday, May 9, 2024

PINE MOUNTAIN, Georgia, May 09, 2024 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA), a leading operator of regional safari parks in the U.S., today announced it will conduct a conference call to review the financial results for the second quarter fiscal year 2024 at 4:30 p.m. Eastern on Tuesday, May 14, 2024. The Company will issue a press release reporting second quarter financial results after the market closes on Tuesday, May 14, 2024.

Key Points: 
  • PINE MOUNTAIN, Georgia, May 09, 2024 (GLOBE NEWSWIRE) -- Parks!
  • America, Inc. (OTCPink: PRKA), a leading operator of regional safari parks in the U.S., today announced it will conduct a conference call to review the financial results for the second quarter fiscal year 2024 at 4:30 p.m. Eastern on Tuesday, May 14, 2024.
  • The Company will issue a press release reporting second quarter financial results after the market closes on Tuesday, May 14, 2024.
  • Interested parties can access the conference call by dialing (877) 270-2148 or (412) 902-6510 (international), or listen via a live webcast, which is available in the Investors section of the Company’s website at https://animalsafari.com/investor-relations
    A replay of the call will be available by dialing (877) 344-7529 or (412) 317-0088, replay access code 6230594, through May 21, 2024, or by visiting https://animalsafari.com/investor-relations for the next 90 days.

Parks! America Addresses False FC Assertions

Retrieved on: 
Tuesday, May 7, 2024

America, Inc. (“PRKA” or the “Company”) Annual Meeting of Stockholders, and the mailing of the proxy commenced on April 26, 2024.

Key Points: 
  • America, Inc. (“PRKA” or the “Company”) Annual Meeting of Stockholders, and the mailing of the proxy commenced on April 26, 2024.
  • Focused Compounding (“FC”) had committed to use a Blue proxy card; we urge you to NOT vote the FC Blue proxy card and to toss it in the trash.
  • FC assertion: FC has nominated a dissident slate of board members with the experience needed to revitalize PRKA.
  • FC assertion: FC will not recover their proxy expenses from the Company if they prevail at the Annual Meeting.

Parks! America Interim Chairman Issues Open Letter to Shareholders

Retrieved on: 
Wednesday, April 17, 2024

America” or the “Company”), a leading operator of regional safari parks in the United States, today issued an open letter to shareholders from interim Chairman Charles Kohnen.

Key Points: 
  • America” or the “Company”), a leading operator of regional safari parks in the United States, today issued an open letter to shareholders from interim Chairman Charles Kohnen.
  • I am a longtime buyer of shares on the open market and am aligned with my fellow PRKA shareholders.
  • Certain shareholders dialed the phone number provided by FC’s solicitation for the February 26, 2024, Special Shareholders Meeting.
  • The shareholders of PRKA, including FC, will be well-served as Lisa Brady and her team execute their strategy to move our Company forward.

Parks! America Responds to FC Open Letter of April 2, 2024

Retrieved on: 
Thursday, April 11, 2024

America” or the “Company”) to the press release published by Focused Compounding, LLC (“FC”) in their open letter dated April 2, 2024.

Key Points: 
  • America” or the “Company”) to the press release published by Focused Compounding, LLC (“FC”) in their open letter dated April 2, 2024.
  • We do not see a shred of experience or industry knowledge in the group proposed by FC.
  • Is the Meaningless Special Meeting that FC forced upon the Company on February 26, 2024 an indication of FC’s competence?
  • Most importantly, if FC denies they want to bring back Mr. Van Voorhis, who it is that FC intends to have manage the Company?

Focused Compounding Rejects Offer for Three Board Seats and Appears Intent on Recovering All of Its Proxy Expenses from Stockholders

Retrieved on: 
Wednesday, April 3, 2024

The Company wants to make clear the terms of the most recent settlement offer turned down by FC, which we believe to be both reasonable and fair.

Key Points: 
  • The Company wants to make clear the terms of the most recent settlement offer turned down by FC, which we believe to be both reasonable and fair.
  • In a good faith effort to provide FC with board representation commensurate with its approximately 39% ownership stake in Parks!
  • America, the Board of Directors offered FC three board seats on the Company’s seven-member Board.
  • In the meantime, the Company will remain focused on constructive engagement with our stockholders as we execute our plan to maximize long-term value.