Parks Amer Inc - PRKA STOCK NEWS

Parks! America, Inc. addresses false assertions made by Focused Compounding (FC) regarding the upcoming Annual Meeting of Stockholders. FC's attempt at a hostile takeover has caused confusion and financial strain on the company. Despite PRKA's efforts to settle, FC continues to reject offers and aims to control the company without majority ownership. FC's nominees lack relevant experience to revitalize PRKA. FC's actions, including lawsuits and potential cost recovery, raise concerns about their intentions. CEO Lisa Brady has made significant progress in improving the company since taking over in 2022. Independent proxy advisory firms recommend voting against FC's proposals. PRKA urges shareholders to vote on the WHITE card for the upcoming Annual Meeting on June 6, 2024.

Parks! America's interim Chairman, Charles Kohnen, issues an open letter to shareholders addressing concerns of being misled by Focused Compounding Fund, L.P. He urges shareholders to reach out if they feel disenfranchised and highlights his significant shareholding in the company.

Parks! America, Inc. responds to Focused Compounding, 's bid to take control of the Company by refuting claims and highlighting the experience of current management. The PR discusses concerns over potential management changes, past issues under previous leadership, and the Company's path forward under CEO Lisa Brady.

Parks! America, Inc. (PRKA) announces rejection of settlement proposal by Focused Compounding Fund, L.P. The proposal offered FC three board seats on the Company's seven-member Board, exceeding FC's current stake. Despite attempts to engage in settlement talks, FC continues to refuse and divert resources. FC's unreasonable demands for control without paying a premium to stockholders cause concern. The Company faces a costly and distracting proxy fight at the upcoming Annual Meeting due to FC's actions.

Parks! America, Inc. advises stockholders to reject the dissident slate of directors offered by Focused Compounding Fund, L.P. The nominees lack experience in operating a public company and managing a wildlife safari entertainment company. Stockholders are urged to vote for the Company's slate of director candidates.

Parks! America (PRKA) commemorates the one-year anniversary of a tornado that struck its Wild Animal Safari Park, showcasing resilience in overcoming significant challenges. The park invested $1 million in reconstruction efforts, including repairing animal habitats, park infrastructure, and enhancing the guest experience, after suffering a $1 million revenue loss due to storm damage. Despite setbacks, the park remains committed to providing a memorable wildlife adventure for visitors.

Parks! America, Inc. (PRKA) CEO Lisa Brady visits Wild Animal Safari park to mark the one-year anniversary of a tornado hit, highlighting the park's recovery and operational improvements. The park reopened in 20 days post-tornado, focusing on new attractions and enhancing visitor experiences for the 2024 high season.

Parks! America, Inc. (PRKA) updates investor presentation with CEO's narration, focusing on enhancing properties and attracting customers.

Parks! America, Inc. (PRKA) issues its 2024 Shareholder Letter outlining strategic initiatives for shareholder value enhancement. Despite challenges like a tornado and activist investor, the company is on track for recovery and growth. Key focus areas include park asset investments, operational efficiencies, marketing, customer satisfaction, and enhanced shareholder communications.