{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-006083","form_type":"8-K","ticker":"PRKA","cik":"0001297937","company_name":"PARKS AMERICA, INC","filed_at":"2024-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.708770+00:00","generated_at":"2026-06-06T03:07:41.189663+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Parks! America Q1 revenue up 2% to $1.9M; net loss widens to $369K on proxy expenses and weather","bullets":["Revenue $1.90M (+2% YoY); Georgia park -6.1% (weather), Texas +22%, Missouri +2%.","Net loss $369K ($0.00/share) vs $153K loss prior year; adjusted EBITDA -$59K vs +$92K.","Cash $3.61M; debt-to-equity 0.27 (vs 0.31); $800K lines of credit undrawn.","Board adopted shareholder rights plan; special meeting Feb 26, 2024; Charles Kohnen interim Chairman.","Proxy fight with dissident group drove higher professional fees; annual meeting set June 6, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-006083","json":"https://secwatch.observer/filing/0001493152-24-006083.json","markdown":"https://secwatch.observer/filing/0001493152-24-006083.md","text":"https://secwatch.observer/filing/0001493152-24-006083.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1297937/000149315224006083/0001493152-24-006083-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1297937/000149315224006083/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T03:07:41.189663+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":"681a599d8507d22f763d29df5f424478771de6e6","claim":"PARKS AMERICA, INC reported first quarter of fiscal year 2024 ended December 31, 2023 results: revenue $1.90 million, net income $369,255, or $0.00 per fully diluted share, EPS $0.00 per fully diluted share.","evidence_excerpt":"in the U.S., today announced the results for the first quarter of fiscal year 2024 ended December 31, 2023. Operational and Financial Highlights ● Consolidated revenues of $1.90 million for Q1 2024, an increase of 2.0% ● Texas park revenue increased 22% with attendance up 29% ● Missouri park revenue increased 2% with attendance up 18% ● Annual memberships","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1297937/000149315224006083/0001493152-24-006083-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal year 2024 ended December 31, 2023"},{"label":"Revenue","value":"$1.90 million"},{"label":"Net income","value":"$369,255, or $0.00 per fully diluted share"},{"label":"EPS","value":"$0.00 per fully diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}