Parks America (PRKA) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for March 7, 2025, to vote on five key proposals, including board elections, auditor ratification, executive compensation, a reverse/forward stock split, and potential adjournment.

• Board recommends voting in favor of all proposals and has provided detailed instructions for both record and beneficial owners on how to vote.

• Proxy materials are available electronically to reduce costs and environmental impact, with paper copies available upon request.

Voting matters and shareholder proposals

• Proposal 1: Elect five directors for one-year terms—Geoffrey Gannon, Ralph Molina, Andrew Kuhn, Jacob McDonough, and Matt Hansen.

• Proposal 2: Ratify GBQ LLC as independent auditors for fiscal year ending September 28, 2025.

• Proposal 3: Advisory vote on executive compensation (say-on-pay).

• Proposal 4: Amend articles to effect a 1-for-500 reverse stock split followed by a 5-for-1 forward stock split, with cash paid for fractional shares.

• Proposal 5: Approve adjournment of the meeting if needed to solicit more proxies or provide additional information.

Board of directors and corporate governance

• Board consists of five members, with two considered independent under Nasdaq standards.

• No nominating or compensation committees; nominations and compensation are determined by a majority of the board.

• Code of Conduct adopted effective January 1, 2024.

• Board held 17 meetings in fiscal 2024, with all directors attending at least 75% of meetings.