Focused Compounding Rejects Offer for Three Board Seats and Appears Intent on Recovering All of Its Proxy Expenses from Stockholders [Yahoo! Finance]
PARKS! AMERICA INC (PRKA)
NASDAQ:AMEX Investor Relations:
investorshub.advfn.com/parks!-america-inc-prka-6051
Company Research
Source: Yahoo! Finance
America” or the “Company”), a leading operator of regional safari parks in the United States, announced today that Focused Compounding Fund, L.P. (“FC”) rejected a settlement proposal from Parks! America's Board of Directors. The Company wants to make clear the terms of the most recent settlement offer turned down by FC, which we believe to be both reasonable and fair. In a good faith effort to provide FC with board representation commensurate with its approximately 39% ownership stake in Parks! America, the Board of Directors offered FC three board seats on the Company's seven-member Board. This settlement construct would have given FC direct input on the Board of Directors, equating to approximately 43% representation thereon – which would exceed FC's current stake in the Company. FC rejected the proposal. FC's unreasonable demand for control of Parks! America without paying a premium to the Company's stockholders and without owning a control position in the Company continues to d
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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 StockholdersGlobeNewswire
PRKA
Sec Filings
- 5/3/24 - Form PRRN14A
- 5/3/24 - Form DEFR14A
- 4/30/24 - Form PRRN14A
- PRKA's page on the SEC website