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 23, 2024, Focused Compounding Fund, LP
(“Focused Compounding”) mailed a letter to the shareholders of Parks! America, Inc. (the “Company”) pertaining
to the upcoming annual meeting of the Company, currently scheduled for June 6, 2024 at 10:00 a.m. Eastern Time. Focused Compounding has
nominated four (4) director-nominees for election at such meeting to the Company’s board of directors. The letter is reproduced
below:
What You Won in February, and What You’ll
Win in June as
Shareholders of Parks! America, Inc.
To the Parks! America Shareholders Suffering
From 14 Years of Neglect:
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, we have become increasingly
disappointed with the incumbent Board’s and management’s oversight and operation of Parks! America, and we believe the February
Special Meeting of Shareholders gave the Company’s shareholders a long-overdue opportunity to make their wishes known.
By exercising your
right to vote at the February special meeting (where Focused Compounding’s proposals received 57% of votes cast vs. 43% for the
incumbent board) you won: a “significant breakthrough for registered shareholders,” quarterly earnings calls, an annual meeting,
and an investor day. We believe this simple act of voting your shares caused the Company to do more for you in 14 weeks than it had in
14 years.
That’s the power
of shareholder democracy.
It’s a power
whose future may be uncertain if the incumbent board ekes out a victory on June 6th at the Company’s Annual Meeting, given the Company’s
history of not holding shareholder meetings for the previous 14 years, among other things.
What makes a stock a stock?
Owning a common stock entitles you to two
things:
1) An economic interest in the corporation
2) A voting interest in the corporation
Without #2, you have
no way to protect #1.
The future is uncertain.
No board or management team can promise you results. But every board and every management team comes with a built in orientation –
a sense of right and wrong – that determines what’s true north on the corporate compass.
All of Focused Compounding’s
efforts are oriented in two – and only two – perfectly complementary directions:
A) Returns to shareholders: dividends,
buybacks, and financial results
B) Responsiveness to shareholders
Parks! America is a
public company. As I write this, approximately $10 million of market value belongs neither to Chuck Kohnen nor to Focused Compounding.
It belongs to other shareholders like you.
Insiders can take care
of themselves. A public company should be run for the folks who aren’t in the boardroom. But – as you’ve seen since
February – the folks in the boardroom sometimes don’t respond until they’ve developed a healthy fear of the ballot box.
Outside the campaign season, they can forget you exist.
If Focused Compounding
wins on June 6th, there will be immediate reforms in two areas:
i) Capital Allocation
ii) Investor Relations
You can learn about Focused
Compounding’s detailed plan for Parks! America at www.prkaproxyfight.com. The opposing slate has
no such plan or presentation for you to watch.
I know all this constant
communication from the two sides is exhausting and confusing. But your Company may backslide on its transition to shareholder democracy
if you don’t turn out on June 6th and send the same message you did in February.
We had hoped the February special meeting
results would be enough to show the Parks! incumbent board the writing on the wall. But they seem dead set on receiving your message again.
Grant them their wish on June 6th.
Vote the blue proxy card in favor of our four (4) nominees.
Sincerely,
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.
Grafico Azioni Parks America (PK) (USOTC:PRKA)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni Parks America (PK) (USOTC:PRKA)
Storico
Da Ott 2023 a Ott 2024