[SCHEDULE 13G/A] Park Aerospace Corp. SEC Filing

Rhea-AI Filing Summary

River Road Asset Management, LLC filed Amendment No. 2 to Schedule 13G disclosing its current ownership position in Park Aerospace Corp. (PKE).

• Shares held: 976,678 common shares
• Voting power: Sole – 909,868; Shared – 0
• Dispositive power: Sole – 976,678; Shared – 0
• Ownership percentage: 4.9 % of outstanding shares

Because River Road’s stake has fallen below the 5 % threshold, the filer has marked Item 5 (“Ownership of 5 percent or less of a class”). The filer is registered as an investment adviser (IA) and certifies that the shares are held in the ordinary course of business, without intent to influence control of the issuer. The date of the event triggering this filing is 31 Jul 2025; the filing was signed by COO/CCO Thomas D. Mueller on 1 Aug 2025.

Key takeaway for investors: River Road remains a meaningful institutional holder but has marginally reduced its position, signaling a lighter commitment and removing the filer from the ranks of 5 % beneficial owners.

Positive

• River Road retains a sizeable 4.9 % stake, indicating continued institutional interest in Park Aerospace.

Negative

• Stake reduced below the key 5 % threshold, implying recent selling and slightly lower institutional commitment.

Insights

Portfolio Manager

TL;DR – River Road trimmed PKE below 5 %; neutral-to-slightly negative signal.

The filing confirms that River Road now owns 4.9 % of Park Aerospace, versus a prior level above 5 %. A high-conviction position has therefore been pared, suggesting reduced enthusiasm or portfolio rebalancing. While a 4.9 % stake still indicates institutional confidence, the loss of 5 % status removes certain reporting obligations and may indicate incremental selling pressure. No control motives are stated. Overall market impact should be modest given the small absolute change but could be interpreted as mildly bearish by investors tracking institutional flows.

Corporate Governance Analyst

TL;DR – Ownership dip lowers governance influence; impact limited.

Dropping below 5 % means River Road’s formal influence—such as potential proxy leverage—diminishes. However, with nearly one-twentieth of shares, the firm remains a relevant voice. The certification of passive intent reduces takeover or activist speculation. Governance dynamics remain largely unchanged; therefore, from a stewardship perspective the event is not impactful beyond disclosure compliance.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

PARK AEROSPACE CORP

(Name of Issuer)

Common Stock

(Title of Class of Securities)

70014A104

(CUSIP Number)

07/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 70014A104

1

Names of Reporting Persons

River Road Asset Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 909,868.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 976,678.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

976,678.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PARK AEROSPACE CORP
(b)	Address of issuer's principal executive offices: 48 S. SERVICE ROAD, 48 S. SERVICE ROAD, MELVILLE, NEW YORK, 11747.
Item 2.
(a)	Name of person filing: River Road Asset Management, LLC
(b)	Address or principal business office or, if none, residence: 462 South 4th Street, Suite 2000 Louisville, KY 40202
(c)	Citizenship: US -- State of Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 70014A104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 976678
(b)	Percent of class: 4.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 909868
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 976678
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

River Road Asset Management, LLC

Signature:	Thomas D. Mueller
Name/Title:	COO/CCO
Date:	08/01/2025

FAQ

How many Park Aerospace (PKE) shares does River Road Asset Management now own?

River Road reports 976,678 PKE common shares as of 31 Jul 2025.

What percentage of PKE shares does this represent?

The holding equals 4.9 % of Park Aerospace’s outstanding common stock.

Did River Road cross any ownership thresholds?

Yes. The firm’s stake fell below 5 %, triggering Item 5 disclosure on the Schedule 13G/A.

Does River Road claim any intent to influence control of Park Aerospace?

No. The certification states the shares are held in the ordinary course, with no intention to influence control.

What is River Road’s voting power in PKE?

It has 909,868 shares with sole voting power and none with shared voting power.