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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Director
On July 18, 2024, Lisa Brady, a member of the Board of Directors (the “Board”), notified Parks! America, Inc. (the “Company”) of her resignation from the Board effective immediately. In her resignation letter to the Board, Ms. Brady cited significant concerns about strategic decisions made by the Board, including certain hirings made by the Board, and the potential long-term impact of those decisions on the Company, as well as concerns regarding the risk of breach of fiduciary duties by the Board, as described in greater detail in Exhibit 17.1.
Ms. Brady has served on the Company’s Board since November 2021 and was its President and CEO from November 14, 2022 until June 14, 2024. The Board thanks Ms. Brady for her service to the Company and wishes her the best in her future endeavors.
A copy of Ms. Brady’s resignation letter to the Board is included as Exhibit 17.1 to this Form 8-K. and the description of the resignation letter contained herein is qualified in its entirety by reference to the full text of the resignation letter which is incorporated by reference into this Item 5.02.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
| Exhibit No. | Description | |
| 17.1 | Letter of Resignation, dated July 18, 2024, from Lisa Brady to the Parks! America, Inc. Board of Directors | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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: July 22, 2024
| PARKS! AMERICA, INC. | ||
| By: | /s/ Todd R. White | |
| Name: | Todd R. White | |
| Title: | Chief Financial Officer | |
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