8-K
PARKS AMERICA, INC (PRKA)
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<br> or other jurisdiction of<br><br> <br>incorporation) | (Commission<br><br> <br>File<br> Number) | (I.R.S.<br> Employer<br><br> <br>Identification<br> Number) |
1300Oak Grove Road
PineMountain, GA 31822
(Address of Principal Executive Offices, including Zip Code)
(706)663-8744
(Registrant’s telephone number, including area code)
N/A
(Formername 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<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> 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<br> of each class | Trading<br> Symbol(s) | Name<br> of each exchange on which registered |
|---|---|---|
| Common<br> Stock | PRKA | OTCPink |
Item8.01. 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.
Item9.01 Financial Statements and Exhibits
| (d) | Exhibits. |
|---|---|
| Exhibit No. | Description of Exhibit |
| --- | --- |
| 104 | Cover<br> Page Interactive Data File (embedded within the Inline XBRL document) |
| 2 |
| --- |
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!<br> AMERICA, INC. | |
|---|---|
| By: | /s/ Todd R. White |
| Name: | Todd<br> R. White |
| Title: | Chief<br> Financial Officer |
| 3 |
| --- |