Parks America (PRKA) Proxy Filing summary

Executive summary

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

• Board recommends voting FOR all proposals and nominees, emphasizing cost savings, improved marketability, and shareholder engagement.

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

Voting matters and shareholder proposals

• Election of five directors for one-year terms: Geoffrey Gannon, Ralph Molina, Andrew Kuhn, Jacob McDonough, and Matthew Hansen.

• Ratification of GBQ LLC as independent auditors for fiscal year ending September 28, 2025.

• Advisory (non-binding) vote on executive compensation (say-on-pay).

• Approval of a 1-for-500 reverse stock split followed by a 5-for-1 forward stock split, with cash paid for fractional shares.

• Approval to adjourn the meeting if necessary to solicit additional proxies or provide supplemental 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 decisions are made by a majority of the Board.

• Audit Committee is the only standing committee, chaired by Jacob McDonough, who is also the audit committee financial expert.

• Code of Conduct adopted effective January 1, 2024; Insider Trading Policy in place with strict trading restrictions.