Parks! America, Inc. Announces Glass Lewis Recommends Parks! America Shareholders Vote “FOR” Each of the Director Nominees Recommended by the Board

Glass Lewis Recommends Shareholders Vote on Parks! America’s WHITE Proxy Card

Glass Lewis Recommends Voting “FOR” CEO Lisa Brady

Parks! America Reminds Shareholders to Vote Today on the WHITE Proxy Card for Our Highly Qualified Nominees

PINE MOUNTAIN, Georgia, May 23, 2024 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA) (the “Company” or “Parks! America”), a leading operator of regional safari parks in the U.S., announced today that Glass Lewis & Co. (“Glass Lewis”), a leading independent proxy advisory firm, has recommended that Parks! America shareholders vote “FOR” each of the Board of Directors’ nominees: Lisa Brady, Charles Kohnen, Jeffery Lococo, Rick Ruffolo, Jon M. Steele and Todd R. White; “FOR” Geoff Gannon, the Focused Compounding Fund, LP (collectively with its affiliates, “Focused Compounding”) nominee who was recommended by the Board of Directors; “AGAINST” all other Focused Compounding nominees; and “AGAINST” the Focused Compounding proposal at the upcoming Annual Meeting on June 6, 2024.

Glass Lewis provided that they “do not consider there presently exists a compelling, comprehensively reasoned case for investors to support the [Focused Compounding] slate...” (permission to quote the Glass Lewis report was neither sought nor obtained).

Importantly, Glass Lewis, in making its voting recommendations, provided a detailed, careful analysis, which was predicated on, among other things:

• The Focused Compounding slate “offers no leisure or theme parks expertise, no public company executive or director experience and comparatively limited employment history…”
• The Focused Compounding plan for the Company clearly appears to include an immediate transition for the sitting executive team, yet “it is unclear whether the [Focused Compounding] slate would be prepared to implement and oversee such a process.”
• The Board of Directors has, considering the extant optics, “made a reasonably good faith effort to find a mutually acceptable resolution.”
  

Lisa Brady, CEO of Parks! America, commented, “We are pleased with the Glass Lewis recommendations relating to this proxy matter. We remain dedicated to executing our strategic plan to maximize value for all Parks! America shareholders, as opposed to a vague plan by dissidents with no industry or public company experience. These recommendations serve our shareholder base well. We appreciate that Glass Lewis recognizes the stark comparison.”