Focused Compounding Receives Clear Majority of Votes Cast at Parks! America Special Meeting
PARKS! AMERICA INC (PRKA)
NASDAQ:AMEX Investor Relations:
investorshub.advfn.com/parks!-america-inc-prka-6051
Company Research
Source: GlobeNewswire
DALLAS, Feb. 27, 2024 (GLOBE NEWSWIRE) -- On Monday morning, shareholders of Parks! America, Inc. (OTC: PRKA) (the “Company”) voted for the first time in 14 years. Preliminary results show a clear majority of votes cast were in favor of replacing the current Board with Focused Compounding’s nominees. The Focused Compounding slate received approximately 57% of votes cast, while the current Board received approximately 42% of votes cast. Shareholder turnout was approximately 84% of outstanding shares. Holders of approximately 48% of outstanding shares voted to replace the current Board, versus holders of approximately 36% of outstanding shares voting for the status quo. If these same results had occurred at an annual meeting, Focused Compounding’s nominees would now be in office. However, the Company has not held an annual meeting in 14 years, and the Company does not plan to hold an annual meeting until June. As a result, even though a clear majority of voting shareholders (57% vs.
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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