Welcome to our dedicated page for PARKS AMERICA SEC filings (Ticker: PRKA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Parks! America, Inc. filings document an OTCQX-traded Nevada operating company with common stock registered under Section 12(g). The company’s Current Reports on Form 8-K furnish operating results and financial condition updates tied to its regional safari park business and individual park location segments.
Regulatory filings also cover capital structure and governance matters, including share repurchase authorization, reverse/forward stock split disclosure, annual meeting votes, director elections, auditor ratification, advisory executive compensation votes, and officer employment and compensatory arrangements. Proxy materials describe board nominees, shareholder voting mechanics and other annual meeting proposals.
Parks! America, Inc. (PRKA), through its wholly owned subsidiary Wild Animal Safari, Inc. in Georgia, entered into a new term loan credit agreement with Cendera Bank dated August 26, 2026, providing a $1.30 million term loan used to repay all indebtedness under a prior Synovus Bank term loan.
The 2026 Term Loan matures on September 1, 2033, has a seven-year term with 25-year amortization and a balloon payment at maturity, and initially bore interest at CME 1‑month term SOFR plus 2.70%. A coterminous Rate Conversion Agreement with SouthState Bank’s ARC Fixed Rate Provider converts this to a fixed 7.35% rate, with an estimated initial monthly payment of $9,570. The loan is secured by substantially all Wild Animal Safari, Inc.’s assets and is guaranteed by Parks! America, Inc., and carries covenants including a minimum Debt Service Coverage Ratio of 1.20:1.00 for both the parent guarantor and the subsidiary borrower on a trailing twelve‑month basis.
Parks! America, Inc. operates three regional safari parks and reported continued profitability for the 13 weeks ended June 28, 2026. Total revenue was $3,499,303, slightly above the prior-year period, with net income of $742,756 and basic and diluted EPS of $0.99.
For the 39-week year-to-date period, revenue rose to $7,889,048 while net income was $736,240, modestly below the prior year, which benefited from one-time contested proxy credits. Operating cash flow strengthened to $1,472,570, supporting higher period-end cash of $4,344,754 and keeping leverage low with term loan principal of $2,942,004.
In June 2026 the Texas park term loan was refinanced into the Current 2025 Term Loan and paired with an interest rate swap fixing the rate at 6.99%, creating a swap liability of $66,358 and an unrealized loss recorded in other comprehensive loss. The company also repurchased 3,868 shares for $151,989 under its 2025 share repurchase program, reducing outstanding common shares to 749,709 as of August 5, 2026. A January 2026 change in online ticket redemption policy is expected to lower deferred revenue from unredeemed tickets and smooth revenue recognition.
Parks! America, Inc. reported third fiscal quarter 2026 results for its three regional safari parks. Consolidated revenue for the 13 weeks ended June 28, 2026 was $3,499,303, generating segment income of $1,426,892, a segment operating margin of 40.8%. Georgia, Missouri and Texas parks all contributed positive segment income.
For the 39 weeks ended June 28, 2026, consolidated revenue was $7,889,048 and segment income was $2,328,943. Income before income taxes was $930,618 for the quarter and $918,317 year-to-date, compared with $1,084,599 and $1,032,778 in the prior-year periods. Prior-year results included contested proxy and related matters, net, of $(103,657) for the quarter and $(670,814) year-to-date, while none were reported in 2026.
As of June 28, 2026, total assets were $19,881,352 and cash and short-term investments totaled $4,344,754. The company plans to review these results on an August 10, 2026 conference call and webcast.
Parks! America, Inc. filed an amended report describing a refinancing at its Aggieland-Parks subsidiary. On June 17, 2026, Aggieland-Parks completed a new term loan with Cendera Bank with a $2.33 million principal balance maturing on June 1, 2033.
The seven-year loan, amortized over 25 years, carries an initial variable rate based on 1‑month CME SOFR plus 2.70%, which was 6.34% at closing. A separate Promissory Note Rate Conversion Agreement with SouthState Bank converts payments to a fixed 6.99% rate over the term.
The refinancing eliminates a $2.5 million cash collateral reserve previously established with Cendera Bank. Parks! America guarantees the loan, which is secured by substantially all Aggieland-Parks assets and includes a minimum debt service coverage ratio covenant of 1.20 to 1.00 on a trailing twelve‑month basis.
Parks! America, Inc. reported that its subsidiary Aggieland-Parks, Inc. completed a refinancing of its term loan with Cendera Bank. The new 2026 Term Loan has a principal balance of $2.33 million, a seven-year term with 25-year amortization, and a balloon payment due on June 1, 2033.
The interest rate is based on 1-month CME SOFR plus 2.70%, which produced an initial rate of 6.34% as of June 17, 2026, and an estimated monthly payment of $16,561. Aggieland-Parks simultaneously entered into an interest rate swap designated as a cash flow hedge, effectively converting the variable rate into a fixed rate of 6.99% over the loan term.
The refinancing eliminated a prior $2.5 million cash collateral reserve requirement established with Cendera Bank and is secured by substantially all Aggieland-Parks assets, with a guaranty from Parks! America, Inc. The agreements impose a minimum Debt Service Coverage Ratio of 1.20 to 1.00 on a trailing twelve-month basis, along with standard reporting covenants and customary events of default.
Parks! America, Inc. (PRKA) reported stronger results for the quarter ended March 29, 2026. Total revenue for the 13-week period rose to $2.30 million from $2.00 million a year earlier, driven mainly by higher park revenue across its Georgia, Missouri and Texas safari parks.
The company generated net income of $29,545 for the quarter, compared with a net loss of $247,762 in the prior-year quarter, as operating margin improved and cost of sales and overhead grew more slowly than revenue. For the 26-week year-to-date period, revenue increased to $4.39 million from $3.77 million, while the net loss narrowed to $6,516 from $54,721.
As of March 29, 2026, Parks! America held $3.48 million in cash and cash equivalents and had $3.04 million of term loan principal outstanding, supporting total assets of $19.22 million and stockholders’ equity of $15.22 million. The company also repurchased 1,000 shares for $39,700 under its 2025 share repurchase program and later transitioned its President and CEO, Geoffrey Gannon, to full-time employment at a base salary of $90,000.
Parks! America, Inc. reported stronger results for the second fiscal quarter ended March 29, 2026. Consolidated revenue for the 13-week period rose to $2,296,347 from $2,002,021 a year earlier, while consolidated segment income increased to $494,324 from $222,421. Texas Park delivered the highest segment margin at 30.6%, with Georgia at 22.3% and Missouri at 6.6%.
For the 26-week year-to-date period, total revenue grew to $4,389,745 from $3,772,479, and consolidated segment income nearly doubled to $902,051 from $455,140. After unallocated corporate expenses, depreciation, interest and other items, income before income taxes was $33,260 for the quarter and a modest loss of $12,301 year-to-date. As of March 29, 2026, total assets were $19,215,739 and cash and short-term investments totaled $3,477,936.
Parks! America, Inc. has formalized an offer letter with President and Chief Executive Officer Geoff Gannon, transitioning him to full-time employment effective March 31, 2026. The agreement, dated April 7, 2026, provides an annual base salary of $90,000, paid monthly, and eligibility for employer-paid health insurance benefits, subject to the company’s ability to provide such benefits. Mr. Gannon’s employment is on an at-will basis, and the full offer letter is filed as an exhibit.
Parks! America, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on March 20, 2026. As of the February 27, 2026 record date, 753,577 shares of common stock were outstanding, each entitled to one vote. A quorum was achieved with 403,308 shares represented, or approximately 53.52% of the outstanding shares.
Stockholders elected four directors: Geoffrey Gannon (391,875 votes for, 2,518 abstain), Andrew Kuhn (391,895 for, 2,498 abstain), Jacob McDonough (391,895 for, 2,498 abstain), and Matthew Hansen (391,943 for, 2,450 abstain). Stockholders also voted on two additional matters, with one receiving 401,222 votes for and another receiving 389,584 votes for.
Parks! America reported stronger top-line results for the 13 weeks ended December 28, 2025, with total revenue of $2,093,398, up 18.2% from $1,770,458 a year earlier. Park revenue grew 20.7% to $2,074,410 as all three safari parks benefited from better weather, higher attendance and more in-park spending.
Despite this, the company posted a small net loss of $36,061, compared with net income of $193,041 in the prior-year quarter. The swing mainly reflects the absence of last year’s $567,157 insurance recovery tied to a contested proxy, and higher advertising and marketing outlays. Operating performance improved, with consolidated segment income rising to $407,727 from $232,719, driven by especially strong growth at the Texas park, where revenue increased 51.5%. Cash and cash equivalents were $3,421,972 and term loan principal outstanding was $3,142,900. The company had 753,577 common shares outstanding as of February 4, 2026 and a new repurchase program authorizing up to 75,000 shares or $3.0 million, with no repurchases yet.