UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 26, 2024
PARKS! AMERICA, INC.
(Exact name of registrant as specified in its charter)
| Nevada | 000-51254 | 91-0626756 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
1300 Oak Grove Road
Pine Mountain, GA 31822
(Address of Principal Executive Offices, including Zip Code)
(706) 663-8744
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(g) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Common Stock | PRKA | OTCPink |
Item 8.01. Other Events.
On December 26, 2024, Parks! America, Inc. (the “Company”) received directors and officers insurance proceeds of approximately $567,150 as partial reimbursement of expenses associated with a contested proxy and related matters. At the Company’s direction, its insurance carrier issued these insurance proceeds directly to the legal counsel the Company had engaged for stockholder activism in this matter.
As of December 30, 2024, taking into account the aforementioned partial reimbursement, the Company has approximately $365,000 of unpaid bills associated with the contested proxy and related matters. The Company remains in discussions with its directors and officers insurance carrier regarding potential additional insurance coverage related to the remaining unpaid expenses associated with the contested proxy and related matters.
Additional information on the contested proxy and related matters is included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 29, 2024, filed with the Securities and Exchange Commission on December 13, 2024.
Item 9.01 Financial Statements and Exhibits
| (d) | Exhibits. |
| Exhibit No. | Description of Exhibit | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 30, 2024
| PARKS! AMERICA, INC. | ||
| By: | /s/ Todd R. White | |
| Name: | Todd R. White | |
| Title: | Chief Financial Officer | |
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