---
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"
generated_at: "2026-06-06T20:30:19.427083+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Parks! America adopts limited-duration shareholder rights plan with 10% trigger and $3.00 exercise price

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-003185
- JSON: https://secwatch.observer/filing/0001493152-24-003185.json
- Plain text: https://secwatch.observer/filing/0001493152-24-003185.txt

## Key facts
- Governance Changes
  PARKS AMERICA, INC: Adopted Certificate of Designation of Series A Junior Participating Preferred Stock (effective 2024-01-19).
  - Change: charter amendment
  - Effective: 2024-01-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1297937/000149315224003185/0001493152-24-003185-index.htm
- Material Agreements
  PARKS AMERICA, INC entered into Rights Agreement with Securities Transfer Corporation (effective 2024-01-19).
  - Action: entry
  - Counterparty: Securities Transfer Corporation
  - Effective: 2024-01-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1297937/000149315224003185/0001493152-24-003185-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.