UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
Filed by the Registrant ☐
Filed by a Party other than the Registrant
☒
Check the appropriate box:
☐ Preliminary
Proxy Statement
☐ Confidential,
for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☐ Definitive
Proxy Statement
☒ Definitive
Additional Materials
☐ Soliciting
Material Under Rule 14a-12
PARKS! AMERICA, INC.
(Name of Registrant as Specified in Its Charter)
FOCUSED COMPOUNDING FUND,
LP
FOCUSED COMPOUNDING CAPITAL
MANAGEMENT, LLC
ANDREW KUHN
GEOFF GANNON
JACOB MCDONOUGH
RALPH MOLINA
(Name of Persons(s) Filing Proxy Statement,
if Other Than the Registrant)
Payment of Filing Fee (Check the appropriate
box):
☒ No fee required
☐ Fee paid previously with preliminary materials
☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11
On May 17, 2024, Focused Compounding Fund, LP (“Focused Compounding”)
mailed a letter pertaining to the upcoming annual meeting of Parks! America, Inc. (the “Company”), currently scheduled for
June 6, 2024 at 10:00 a.m. Eastern Time, for which Focused Compounding has nominated four (4) director-nominees for election to the Company’s
board of directors. The letter was mailed to the Company’s shareholders with a copy of the operating plan filed as additional
soliciting materials on May 8, 2024. Such letter is reproduced below:
To our fellow shareholder of Parks! America:
Focused Compounding is a private
investment fund and the largest shareholder of Parks! America, Inc. (“Parks! America” or the “Company”), owning
approximately 38.44% of the issued and outstanding shares. We have been a significant shareholder of Parks! America for over four years,
and like you have been frustrated by the Company’s continued poor performance.
As you probably know, the incumbent
Board of Directors of Parks! America has finally scheduled an annual meeting of shareholders to be held on June 6, 2024 at 10:00 a.m.
Eastern Time. This will be the first annual meeting the Board of Directors will have scheduled for the Company in fourteen (14) years.
We think it is about time!
Parks! finally agreed to hold a shareholders’
meeting, doing so only after Focused Compounding publicly pressured the Company through public statements and demanded that a special
meeting of shareholders be held, and now the incumbent Board is desperately trying to stay in control. In its efforts to retain control,
the incumbent Board has freely spent shareholders’ money to issue many, non-stop shareholder communications, which alternate between
criticism of Focused Compounding and attempting to blame others for the Board’s and management’s prior failures.
Our sole goal for all of us, as Company
shareholders, is to increase the value of our investment in Parks! America, whether through better performance, the sale of underperforming
assets, a return of capital to shareholders, or if there is an opportunity that makes sense, potentially the sale of the Company.
We believe that management and the
incumbent Board, led by its Chairman Charles Kohnen, have consistently failed to take actions that would optimize the value of the Company,
instead blaming others for their own failures. We are aware of some recent actions that signal small steps in the right direction, such
as finally calling an Annual Meeting, converting from certificated to electronic shares, and holding earnings calls. We question, however, the timing of these recent actions, which we believe may have more do to with our recent
actions rather than with any true change in the incumbent Board’s intentions.
We are soliciting proxies for the
election of our four nominees to the Board at the Annual Meeting. If all are elected, our nominees will constitute a new majority of
the Board. We have announced our Operating Plan for Parks! America, focusing on:
| · | Improved Investor Relations |
| · | Division of Capital Allocation and Park Operating Responsibilities |
| · | Improved Incentivization for Employees |
If elected, our nominees will work
with any other members of the Company’s Board to implement the Operating Plan, subject to their fiduciary duties. The full Operating
Plan is attached to this letter.
We urge you to carefully review and
consider the Operating Plan. If you agree with Focused Compounding that the implementation of this Operating Plan will increase the value
of our collective investments in Parks!, then we urge you to vote your shares in favor of our nominees. Sincerely,
Andrew Kuhn
Focused Compounding
Contact:
Andrew Kuhn (469) 207-5844 andrew@focusedcompounding.com
If you have any questions, require
assistance in voting your BLUE proxy card, or need additional copies of the Focused Compounding Group’s proxy materials, please
contact InvestorCom at the address, phone numbers, or e-mail address listed below.
InvestorCom
19 Old Kings Highway S.
Suite 130
Darien, CT 06820
Shareholders may call toll-free: (877)
972-0090
Banks and brokers call: (203)
972-9300
E-mail: Proxy@investor-com.com
Additional Information and Certain Information
Regarding the Participants
On May 7, 2024, Focused Compounding Fund, LP (“Focused
Compounding”) filed a definitive proxy statement (the “Proxy Statement”) with the U.S. Securities and Exchange Commission
(“SEC”) in connection with the 2024 annual meeting of Parks! America, Inc. (“Parks!”), which is currently scheduled
to be held virtually on June 6, 2024 at 10:00 a.m. Eastern Time.
FOCUSED COMPOUNDING STRONGLY ADVISES ALL SHAREHOLDERS
OF PARKS! TO READ THE PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION. SUCH PROXY STATEMENT IS AVAILABLE AT NO CHARGE ON THE
SEC’S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, FOCUSED COMPOUNDING WILL PROVIDE COPIES OF THE PROXY STATEMENT
WITHOUT CHARGE UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO FOCUSED COMPOUNDING’S PROXY SOLICITOR, INVESTORCOM, AT 19
OLD KINGS HIGHWAY S., SUITE 130 DARIEN, CT 06820, PROXY@INVESTOR-COM.COM. SHAREHOLDERS MAY CALL TOLL-FREE: (877) 972-0090. BANKS AND BROKERS
CALL: (203) 972-9300.
Parks America (PK) (USOTC:PRKA)
過去 株価チャート
から 8 2024 まで 9 2024
Parks America (PK) (USOTC:PRKA)
過去 株価チャート
から 9 2023 まで 9 2024