Parks! America Announces Adoption of Limited Duration Shareholder Rights Plan
PARKS! AMERICA INC (PRKA)
NASDAQ:AMEX Investor Relations:
investorshub.advfn.com/parks!-america-inc-prka-6051
Company Research
Source: GlobeNewswire
PINE MOUNTAIN, Georgia, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA) (the “Company”) announced today that on January 19, 2024, its Board of Directors (the “Board”) voted unanimously to adopt a limited duration shareholder rights plan (the “Rights Plan”) to protect shareholders’ interests and maximize value for all shareholders. The Rights Plan is similar to plans adopted by other public companies and is designed to ensure that all of the Company’s shareholders have the opportunity to realize the long-term value of their investment in the Company and to guard against abusive tactics so that no person or group can gain a control or control-like position in the Company through open market accumulations of the Company’s common stock or other tactics potentially disadvantaging the interests of the Company’s shareholders without negotiating with the Board and without paying an appropriate control premium to all shareholders. The Rights Plan is intended to posit
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PRKA
News
- Parks! America Interim Chairman Issues Open Letter to Shareholders [Yahoo! Finance]Yahoo! Finance
- Parks! America Interim Chairman Issues Open Letter to ShareholdersGlobeNewswire
- Parks! America Responds to FC Open Letter of April 2, 2024 [Yahoo! Finance]Yahoo! Finance
- Parks! America Responds to FC Open Letter of April 2, 2024GlobeNewswire
- Focused Compounding Rejects Offer for Three Board Seats and Appears Intent on Recovering All of Its Proxy Expenses from Stockholders [Yahoo! Finance]Yahoo! Finance
PRKA
Sec Filings
- 4/23/24 - Form DEFC14A
- 4/17/24 - Form DEFA14A
- 4/16/24 - Form PREC14A
- PRKA's page on the SEC website