secwatch.observer — SEC 8-K summary
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Issuer:     PARKS AMERICA, INC (PRKA)
CIK:        0001297937
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001493152-24-006083
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parks! America Q1 revenue up 2% to $1.9M; net loss widens to $369K on proxy expenses and weather
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297937/000149315224006083/0001493152-24-006083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297937/000149315224006083/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-006083

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