---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-052546"
form_type: "8-K"
ticker: "PRKA"
cik: "0001297937"
company_name: "PARKS AMERICA, INC"
filed_at: "2024-12-30T23:59:59+00:00"
generated_at: "2026-05-28T22:39:40.433893+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-052546
- form_type: 8-K
- ticker: PRKA
- cik: 0001297937
- company_name: PARKS AMERICA, INC
- filed_at: 2024-12-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1297937/000149315224052546/0001493152-24-052546-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1297937/000149315224052546/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-052546
- JSON: https://secwatch.observer/filing/0001493152-24-052546.json
- Plain text: https://secwatch.observer/filing/0001493152-24-052546.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.