--- schema_version: "secwatch.filing_event.v1" accession: "0001493152-24-008386" form_type: "8-K" ticker: "PRKA" cik: "0001297937" company_name: "PARKS AMERICA, INC" filed_at: "2024-02-29T23:59:59+00:00" generated_at: "2026-06-05T06:15:38.347233+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.65 calibrated_materiality_score: 0.15 confidence: "high" source: SEC EDGAR --- # Parks! America shareholders vote on five activist proposals; board unchanged ## Summary - Focused Compounding Fund sought to remove seven directors and elect three nominees; all removal proposals failed (needed two-thirds vote). - Proposal 1 (bylaw restoration) passed with ~36.5M for vs ~26.9M against; it restores bylaws to June 2012 version. - Proposals 3 (bylaw amendment) and 4 (election of new directors) were contingent on director removal and were not adopted. - Proposal 5 (adjournment) passed but Focused Compounding did not adjourn the meeting. - Company's board remains composed of Lisa Brady, Todd White, Dale Van Voorhis, John Gannon, Charles Kohnen, Jeffery Lococo, and Rick Ruffolo. ## SEC filing metadata - accession: 0001493152-24-008386 - form_type: 8-K - ticker: PRKA - cik: 0001297937 - company_name: PARKS AMERICA, INC - filed_at: 2024-02-29T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.65 - calibrated_materiality_score: 0.15 - confidence: high - sec_items: 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1297937/000149315224008386/0001493152-24-008386-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1297937/000149315224008386/form8-k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001493152-24-008386 - JSON: https://secwatch.observer/filing/0001493152-24-008386.json - Plain text: https://secwatch.observer/filing/0001493152-24-008386.txt ## Key facts - Shareholder Votes PARKS AMERICA, INC shareholders rejected Election of Directors at the 2024-02-26 meeting. - Proposal: director election - Outcome: failed - Meeting: 2024-02-26 source text: Proposal 4: Subject to the concurrent approval of each Removal Proposal and the Bylaw Amendment Proposal, elect each of the following individuals as a member of the Board (the “Election Proposal): The results of the vote were as follows: Nominees for Election Votes For Votes Against Abstentions 4(a) Andrew Kuhn 36,494,677 26,844,316 15,193 4(b) Geoff Gannon 35,804,701 27,532,292 17,193 4(c) James Ford 35,804,426 27,553,967 15,793 evidence_url: https://www.sec.gov/Archives/edgar/data/1297937/000149315224008386/0001493152-24-008386-index.htm - Shareholder Votes PARKS AMERICA, INC shareholders approved Adjournment Proposal at the 2024-02-26 meeting. - Outcome: passed - Meeting: 2024-02-26 source text: Proposal 5: Authorize Focused Compounding, or an authorized representative thereof, to adjourn the Special Meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies in the event there are insufficient votes for, or otherwise in connection with, any of the Bylaw Restoration Proposal, the Removal Proposals, the Bylaw Amendment Proposal or the Election Proposal (the “Adjournment Proposal”). The results of the vote were as follows: Votes For Votes Against Abstentions 36,343,593 27,000,196 10,397 evidence_url: https://www.sec.gov/Archives/edgar/data/1297937/000149315224008386/0001493152-24-008386-index.htm - Shareholder Votes PARKS AMERICA, INC shareholders rejected Removal of Directors at the 2024-02-26 meeting. - Outcome: failed - Meeting: 2024-02-26 source text: Proposal 2: Subject to the concurrent approval of the Bylaw Amendment Proposal and the Election Proposal (each as defined below), remove each of the following individuals from the Board pursuant to Section 4.9(a) of the Bylaws; The results of the vote were as follows: Nominees for Removal Votes For Votes Against Abstentions 2(a) Lisa Brady 36,451,618 26,895,823 6,745 2(b) Todd White 36,452,318 26,895,123 6,745 2(c) Dale Van Voorhis 36,446,318 26,901,123 6,745 2(d) John Gannon 36,452,318 26,895,123 6,745 2(e) Charles Kohnen 36,452,318 26,895,123 6,745 2(f) Jeffery Lococo 36,445,118 26,902,323 6,745 2(g) Rick Ruffolo 36,451,118 26,896,323 6,745 evidence_url: https://www.sec.gov/Archives/edgar/data/1297937/000149315224008386/0001493152-24-008386-index.htm - Shareholder Votes PARKS AMERICA, INC shareholders approved Bylaw Restoration Proposal at the 2024-02-26 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2024-02-26 source text: Proposal 1: Repeal any provision of the Bylaws, including any amendments thereto, in effect at the time this Proposal becomes effective, which was not included in the Bylaws that were in effect as of June 12, 2012 and were filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 16, 2012 (the “Bylaw Restoration Proposal”) to restore the Bylaws to their current form if the Board attempts to amend them in any manner prior to the completion of Focused Compounding’s proxy solicitation; The results of the vote were as follows: Votes For Votes Against Abstentions 36,457,178 26,887,763 9,245 evidence_url: https://www.sec.gov/Archives/edgar/data/1297937/000149315224008386/0001493152-24-008386-index.htm - Shareholder Votes PARKS AMERICA, INC shareholders rejected Bylaw Amendment Proposal at the 2024-02-26 meeting. - Proposal: charter amendment - Outcome: failed - Meeting: 2024-02-26 source text: Proposal 3: Subject to the concurrent approval of each Removal Proposal and the Election Proposal, amend and restate Section 4.7 of the Bylaws (the “Bylaw Amendment Proposal”) to read as follows: “4.7 Vacancy on Board of Directors . In case of a vacancy on the Board of Directors because of a director’s resignation, removal or other departure from the board, or because of an increase in the number of directors, the remaining directors, by majority vote, may elect a successor to hold office for the unexpired term of the director whose position is vacant, and until the election and qualification of a successor. In the event any directors are removed by a vote of the shareholders, then the shareholders shall have the right to elect successors to hold office for the unexpired term of the director or directors whose positions are vacant, and until the election and qualification of their successors.” The results of the vote were as follows: Votes For Votes Against Abstentions 36,405,147 26,93 evidence_url: https://www.sec.gov/Archives/edgar/data/1297937/000149315224008386/0001493152-24-008386-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.