Parks! America receives $567K D&O insurance reimbursement for proxy contest costs

PARKS AMERICA, INC

Received $567,150 in D&O insurance proceeds as partial reimbursement for contested proxy expenses on Dec 26, 2024.
Proceeds paid directly to legal counsel engaged for stockholder activism.
As of Dec 30, 2024, approximately $365,000 of unpaid bills remain related to the proxy contest.
Company is in discussions with carrier for potential additional coverage on remaining expenses.

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