PARKS AMERICA, INC — fact timeline

Rebecca McGraw was appointed as Chief Financial Officer at PARKS AMERICA, INC.

“On Monday, January 13, 2025, Rebecca McGraw, age 58, joined Parks! America, Inc. (the “Company”) as the Company’s Chief Financial Officer.”

Todd R. White resigned as Director at PARKS AMERICA, INC.

“Mr. White also resigned, effective as of September 3, 2024, as a member of the Company’s Board of Directors.”

Todd R. White resigned as Chief Financial Officer at PARKS AMERICA, INC.

“pursuant to which Mr. White determined to resign as the Company’s Chief Financial Officer, effective December 31, 2024.”

Lisa Brady resigned as Director at PARKS AMERICA, INC.

“On July 18, 2024, Lisa Brady, a member of the Board of Directors (the “Board”), notified Parks! America, Inc. (the “Company”) of her resignation from the Board effective immediately.”

Geoffrey Gannon was appointed as President at PARKS AMERICA, INC.

“Geoffrey Gannon has been appointed as the President the Company by its Board of Directors.”

Lisa Brady departed as President and CEO at PARKS AMERICA, INC.

“Lisa Brady its President and CEO stepped down effective June 14, 2024.”

PARKS AMERICA, INC reported the six months ended March 31, 2024 results: revenue $3.86 million, net income $1.37 million, EPS ($0.02) per fully diluted share.

“Total revenues for the six months ended March 31, 2024, were $3.86 million, an increase of $118,981, or 3.2%, versus the comparable period ended April 2, 2023. Park revenues increased by $58,330 or 1.6%, to $3.73 million, and higher animal sales increased by $60,651, to $122,351. Reported park revenues for the Georgia park were down 4.0%. Reported park revenues for our Missouri and Texas parks increased 27.4% and 2.0%, respectively. On a pro forma basis, adjusting for the impact of the tornado related closure of our Georgia park for the final eight days of our 2023 fiscal second quarter, as well as a change in the accounting for online ticketing fees effective mid-January 2024, Missouri and Texas park revenue increased 29.6% and 3.7%, respectively, while Georgia park revenue decreased 14.1%. The Company reported a net loss of $1.37 million, or ($0.02) per fully diluted share, compared to $1.0 million or ($0.01) per fully diluted share, for the first six months of fiscal 2023.”

PARKS AMERICA, INC reported the fiscal quarter ended March 31, 2024 results: revenue $1.96 million, net income $1.0 million, EPS ($0.01) per fully diluted share.

“Total revenues for the fiscal quarter ended March 31, 2024, were $1.96 million, an increase of $82,735, or 4.4%, versus the comparable quarter ended April 2, 2024. Park revenues increased by $66,675 or 3.6%, to $1.92 million, and higher animal sales increased by $16,060, to $33,960. Reported park revenues for the Georgia park - our largest revenue generating property for the Company – were down 1.3%. Reported park revenues for our Missouri park increased 48.0%, while park revenues for our Texas park decreased 9.2%. On a pro forma basis, adjusting for the impact of the tornado related closure of our Georgia park for the final eight days of our 2023 fiscal second quarter, as well as the year-over-year park revenue impact of an improvement to our ticketing platform, Missouri park revenue increased 52.6%, while Georgia and Texas park revenue decreased 21.8% and 6.9%, respectively. The Company reported a net loss of $1.0 million, or ($0.01) per fully diluted share, compared to $846,139 or (”

John Gannon resigned as Director at PARKS AMERICA, INC.

“On February 27, 2024, John Gannon, a member of the Board of Directors (the “Board”), notified Parks! America, Inc. (the “Company”) of his resignation from the Board effective February 29, 2024.”

PARKS AMERICA, INC shareholders approved Adjournment Proposal at the 2024-02-26 meeting.

“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”

PARKS AMERICA, INC shareholders rejected Election of Directors at the 2024-02-26 meeting.

“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”

PARKS AMERICA, INC shareholders rejected Bylaw Amendment Proposal at the 2024-02-26 meeting.

“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”

PARKS AMERICA, INC shareholders rejected Removal of Directors at the 2024-02-26 meeting.

“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”

PARKS AMERICA, INC shareholders approved Bylaw Restoration Proposal at the 2024-02-26 meeting.

“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”

PARKS AMERICA, INC reported first quarter of fiscal year 2024 ended December 31, 2023 results: revenue $1.90 million, net income $369,255, or $0.00 per fully diluted share, EPS $0.00 per fully diluted share.

“in the U.S., today announced the results for the first quarter of fiscal year 2024 ended December 31, 2023. Operational and Financial Highlights ● Consolidated revenues of $1.90 million for Q1 2024, an increase of 2.0% ● Texas park revenue increased 22% with attendance up 29% ● Missouri park revenue increased 2% with attendance up 18% ● Annual memberships”

Dale Van Voorhis was terminated as Chairman of the Board at PARKS AMERICA, INC.

“terminated Mr. Van Voorhis' employment as an officer of the Company pursuant to the terms of the employment agreement”

Charles Kohnen was appointed as interim Chairman of the Board at PARKS AMERICA, INC.

“appointed Charles Kohnen as the interim Chairman of the Board, effective immediately.”

PARKS AMERICA, INC: Adopted Certificate of Designation of Series A Junior Participating Preferred Stock (effective 2024-01-19).

“In connection with the adoption of the Rights Agreement, the Company has adopted a Certificate of Designation of Series A Junior Participating Preferred Stock (the “ Certificate of Designation ”).”

PARKS AMERICA, INC entered into Rights Agreement with Securities Transfer Corporation (effective 2024-01-19).

“the Rights Agreement, dated as of January 19, 2024 (the “ Rights Agreement ”), by and between the Company and Securities Transfer Corporation (the “ Rights Agent ”).”

PARKS AMERICA, INC reported for the fiscal year ended October 1, 2023 results: revenue $9.44 million, net income net loss of $483,738, EPS $0.01 per basic share and per fully diluted share.

“Georgia Park and expect to establish a revised timeline for this project during fiscal 2024. Fiscal 2023 Highlights Total revenues for the fiscal year ended October 1, 2023 were $9.44 million, a decrease of $1.30 million, compared to the fiscal year ended October 2, 2022. Our park revenues decreased by $1.34 million or 12.6%, and animal sales increased by $34,457.”

PARKS AMERICA, INC reported third fiscal quarter and nine months ended July 2, 2022 results: revenue Total revenues for the fiscal quarter ended July 2, 2023 were $2.85 million, net income The Company reported a net income of $512,035, or $0.01 per basic share and fully diluted share, for the fiscal quarter, EPS $0.01 per basic share and fully diluted share.

“Parks! America, Inc. Reports Q3 and YTD Fiscal 2023 Results”

PARKS AMERICA, INC reported first fiscal quarter ended January 1, 2023 results: revenue $1.86 million, net income net loss of $152,960, or $0.00 per basic share and fully diluted share, EPS $0.00 per basic share and fully diluted share.

“2023 Results ● First quarter EBITDA of $92,360, increased $380,529, largely driven by SG&A reduction from Missouri Christmas lights and reduced spending ● Total net sales of $1.86 million, declined 4.3%, driven by lower attendance, nearly offset by higher per capita spending and animal sales ● Second quarter attendance based net sales are trending positive,”

PARKS AMERICA, INC reported the fiscal year ended October 2, 2022 results: revenue $10.7 million, net income $727,491, EPS $0.01 per basic share and per fully diluted share.

“Reported total net sales for the fiscal year ended October 2, 2022 were $10.7 million, a decrease of $1.12 million, compared to the fiscal year ended October 3, 2021. Our parks’ combined attendance based net sales decreased by $1.05 million or 9.0%, and animal sales decreased by $75,607. On a comparable 52-week basis, attendance based net sales decreased by $848,862 or 7.4%. The Company reported net income of $727,491 or $0.01 per basic share and per fully diluted share, for the fiscal year ended October 2, 2022, compared to a net income of $2.80 million or $0.04 per basic share and per fully diluted share, for the fiscal year ended October 3, 2021, resulting in a decrease of $2.07 million.”

PARKS AMERICA, INC reported the fiscal quarter ended October 2, 2022 results: revenue $3.07 million, net income $482,409, EPS $0.01 per basic share and per fully diluted share.

“Reported total net sales for the fiscal quarter ended October 2, 2022 were $3.07 million, a decrease of $219,249, compared to the fiscal quarter ended October 3, 2021. Our parks’ combined attendance based net sales decreased by $240,140 or 7.5%, and animal sales increased by $20,891. The Company reported net income of $482,409 or $0.01 per basic share and per fully diluted share, for the fiscal quarter ended October 2, 2022, compared to a net income of $765,730 million or $0.01 per basic share and per fully diluted share, for the fiscal quarter ended October 3, 2021, resulting in a decrease of $283,321.”

Dale Van Voorhis changed role as Chairman of the Board of Directors at PARKS AMERICA, INC.

“Dale Van Voorhis, acting at Interim CEO since June 1, 2022, will continue as the Chairman of the Company’s Board of Directors and as special advisor to the CEO.”

Lisa Brady was appointed as President and CEO at PARKS AMERICA, INC.

“the appointment of Lisa Brady as its President and CEO effective November, 14, 2022.”

Rick Ruffolo was appointed as Director at PARKS AMERICA, INC.

“On November 12, 2021, the Board of Directors of Parks! America, Inc. (the “Company”) appointed Lisa Brady and Rick Ruffolo, to fill vacancies on the Company’s Board of Directors.”

Lisa Brady was appointed as Director at PARKS AMERICA, INC.

“On November 12, 2021, the Board of Directors of Parks! America, Inc. (the “Company”) appointed Lisa Brady and Rick Ruffolo, to fill vacancies on the Company’s Board of Directors.”