secwatch.observer — SEC 8-K summary
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Issuer:     PARKS AMERICA, INC (PRKA)
CIK:        0001297937
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001493152-24-008386
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parks! America shareholders vote on five activist proposals; board unchanged
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297937/000149315224008386/0001493152-24-008386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297937/000149315224008386/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-008386

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer