Parks! America Inc.

03/01/2024 | Press release | Distributed by Public on 03/01/2024 15:47

Management Change/Compensation - Form 8-K

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 27, 2024, John Gannon, a member of the Board of Directors (the "Board"), notified Parks! America, Inc. (the "Company") of his resignation from the Board effective February 29, 2024. Mr. Gannon, who served as the Chairman of the Audit Committee and a member of the Compensation Committee, resigned for personal reasons, citing a desire to devote more time to his family and a shift in life priorities. Mr. Gannon confirmed that his departure was not prompted by any disagreement with the Company on matters relating to its operations, policies or practices.

Mr. Gannon has served on the Company's Board since December 2019, providing a wealth of knowledge and insights regarding financial management, strategic initiatives and general operational excellence from his over 30 years of experience in the amusement and zoological space. The Board thanks Mr. Gannon for his service to the Company and wishes him and his family the best on his retirement.