UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.07. Submission of Matters to a Vote of Security Holders
On March 7, 2025, Parks! America, Inc. (the “Company”) held its 2025 Annual Meeting of Stockholders (the “Annual Meeting”). At the close of business on January 10, 2025, the record date for the determination of stockholders entitled to vote at the Annual Meeting, there were 75,726,851 shares of Common Stock issued and outstanding, each share being entitled to one vote. At the Annual Meeting, the holders of 39,402,946 shares of the Company’s Common Stock, or approximately 52.0% of the outstanding Common Stock, were represented in person or by proxy, and, therefore, a quorum was present.
At the Annual Meeting, the Company’s stockholders voted on the following matters:
| 1. | Proposal 1: Elect five (5) nominees to serve on the Board, each for a term of one (1) year or until his successor is duly elected and qualified; |
The results of the vote were as follows:
| Nominees for Director | For | Abstain | ||||||
| Geoffrey Gannon | 37,884,045 | 173,647 | ||||||
| Ralph Molina | 37,956,687 | 101,005 | ||||||
| Andrew Kuhn | 37,883,045 | 174,647 | ||||||
| Jacob McDonough | 37,963,146 | 94,546 | ||||||
| Matthew Hansen | 37,955,146 | 102,546 | ||||||
Accordingly, Geoffrey Gannon, Ralph Molina, Andrew Kuhn, Jacob McDonough, and Matthew Hansen are duly elected.
| 2. | Proposal 2: Ratify GBQ LLC as the Company’s independent registered accountants for the fiscal year ending September 28, 2025; |
The results of the vote were as follows:
| Votes For | Votes Against | Abstain | Broker Non-Votes | |||||||||
| 39,317,629 | 33,298 | 52,019 | 1,345,254 | |||||||||
| 3. | Proposal 3: Approve, by a non-binding vote, executive compensation; |
The results of the vote were as follows:
| Votes For | Votes Against | Abstain | ||||||
| 37,811,910 | 204,273 | 41,509 | ||||||
| 4. | Proposal 4: Approve the amendments to the Company’s Amended and Restated Articles of Incorporation to effect a 1 for 500 reverse stock split of the Company Common Stock followed immediately by an amendment to the Company’s restated articles of incorporation to effect a 5 for 1 forward stock split of the Company Common; |
The results of the vote were as follows:
| Votes For | Votes Against | Abstain | ||||||
| 37,880,185 | 175,091 | 2,416 | ||||||
| 5. | Proposal 5: Approve the adjournment of the Annual Meeting, if necessary, to ensure that any necessary supplement or amendment to the proxy statement accompanying this notice is provided to the Company’s shareholders a reasonable amount of time in advance of the Annual Meeting or to solicit additional proxies if there are insufficient votes at the time of the Annual Meeting to approve Proposal 4; |
The results of the vote were as follows:
| Votes For | Votes Against | Abstain | Broker Non-Votes | |||||||||
| 39,285,332 | 67,162 | 50,452 | 1,345,254 | |||||||||
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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: March 12, 2025
| PARKS! AMERICA, INC. | ||
| By: | /s/ Rebecca S. McGraw | |
| Name: | Rebecca S. McGraw | |
| Title: | Chief Financial Officer | |
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