secwatch.observer — SEC 8-K summary
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Issuer:     PARKS AMERICA, INC (PRKA)
CIK:        0001297937
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001493152-24-031602
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parks! America Q3 FY2024: cash down, appoints President, proxy costs $2M
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- Appointed Geoff Gannon as President; created Capital Allocation Committee of three directors.
- YTD segment: Georgia rev $4.42M/income $1.72M, Missouri rev $1.29M/income $0.17M, Texas rev $1.38M/income $0.10M.
- Consolidated cash $2.85M (down from $4.10M Oct 2023); total debt $3.65M (down from $4.23M).
- Authorized $0.8M capex for Georgia Park restroom; managing ~$2.0M proxy contest expenses and severance.
- Conference call at 4:30 PM ET today to review Q3 results.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297937/000149315224031602/0001493152-24-031602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297937/000149315224031602/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-031602

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