{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-003185","form_type":"8-K","ticker":"PRKA","cik":"0001297937","company_name":"PARKS AMERICA, INC","filed_at":"2024-01-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.708387+00:00","generated_at":"2026-06-06T20:30:19.427083+00:00","sec_items":["1.01","3.03","5.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Parks! America adopts limited-duration shareholder rights plan with 10% trigger and $3.00 exercise price","bullets":["Board declared a dividend of one preferred share purchase right per common share; record date Jan 29, 2024.","Rights become exercisable if any person acquires 10%+ of common stock; existing 10% holders grandfathered but cannot add shares.","Exercise price is $3.00 per right; rights expire January 18, 2025, unless extended by Board.","Board may redeem rights for $0.001 per right at any time before trigger event.","Rights plan includes qualifying offer provision allowing shareholders to force special meeting on pending offer."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-003185","json":"https://secwatch.observer/filing/0001493152-24-003185.json","markdown":"https://secwatch.observer/filing/0001493152-24-003185.md","text":"https://secwatch.observer/filing/0001493152-24-003185.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1297937/000149315224003185/0001493152-24-003185-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1297937/000149315224003185/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T20:30:19.427083+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"85ce21db1c3fb16aff745bc640ac9d33198401c9","claim":"PARKS AMERICA, INC: Adopted Certificate of Designation of Series A Junior Participating Preferred Stock (effective 2024-01-19).","evidence_excerpt":"In connection with the adoption of the Rights Agreement, the Company has adopted a Certificate of Designation of Series A Junior Participating Preferred Stock (the “ Certificate of Designation ”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1297937/000149315224003185/0001493152-24-003185-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-01-19"}],"fact_type":"governance_change"},{"claim_id":"dcac4dad86cb1de7f076e265f105793ef11b7a1c","claim":"PARKS AMERICA, INC entered into Rights Agreement with Securities Transfer Corporation (effective 2024-01-19).","evidence_excerpt":"the Rights Agreement, dated as of January 19, 2024 (the “ Rights Agreement ”), by and between the Company and Securities Transfer Corporation (the “ Rights Agent ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1297937/000149315224003185/0001493152-24-003185-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Securities Transfer Corporation"},{"label":"Effective","value":"2024-01-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}