0001793291-23-000002.txt : 20231215 0001793291-23-000002.hdr.sgml : 20231215 20231215114619 ACCESSION NUMBER: 0001793291-23-000002 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20231215 DATE AS OF CHANGE: 20231215 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PARKS AMERICA, INC CENTRAL INDEX KEY: 0001297937 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 910626756 STATE OF INCORPORATION: NV FISCAL YEAR END: 1001 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81730 FILM NUMBER: 231489376 BUSINESS ADDRESS: STREET 1: 1300 OAK GROVE RD CITY: PINE MOUNTAIN STATE: GA ZIP: 31822 BUSINESS PHONE: 706-663-8744 MAIL ADDRESS: STREET 1: 1300 OAK GROVE RD CITY: PINE MOUNTAIN STATE: GA ZIP: 31822 FORMER COMPANY: FORMER CONFORMED NAME: GREAT AMERICAN FAMILY PARKS INC DATE OF NAME CHANGE: 20040721 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Focused Compounding Fund, LP CENTRAL INDEX KEY: 0001793291 IRS NUMBER: 843434006 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3838 OAK LAWN AVENUE, SUITE 1000 STREET 2: C/O FOCUSED COMPOUNDING CAPITAL MGMT CITY: DALLAS STATE: TX ZIP: 75219 BUSINESS PHONE: 443-775-1227 MAIL ADDRESS: STREET 1: 3838 OAK LAWN AVENUE, SUITE 1000 STREET 2: C/O FOCUSED COMPOUNDING CAPITAL MGMT CITY: DALLAS STATE: TX ZIP: 75219 SC 13D/A 1 FCF13D-A.txt FOCUSED COMPOUNDING FUND, LP 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 1) Parks! America, Inc. (Name of Issuer) Common Stock, Par Value $0.001 per share (Title of Class of Securities) 701455107 (CUSIP Number) Geoff Gannon, Andrew Kuhn Focused Compounding Capital Management, LLC 3838 Oak Lawn Ave., Suite 1000 Dallas, TX 75219 (433) 755-1227 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 14, 2023 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ?? 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ? *The remainder of this cover page shall be filled out for a reporting person?s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be ?filed? for the purpose of Section 18 of the Securities Exchange Act of 1934 (?Act?) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). ? SCHEDULE 13D 1 NAME OF REPORTING PERSON Focused Compounding Fund, LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ? (b) ? 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ? 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 29,110,150 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 29,110,150 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 29,110,150 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ? 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 38.5%(1) 14 TYPE OF REPORTING PERSON IN (1) Based upon 75,517,763 shares of common stock outstanding as of December 7, 2023, as disclosed in its Form 10-K that was filed on December 12, 2023, by the Issuer with the Securities and Exchange Commission. This Amendment No. 1 filing constitutes an exit filing as the Filing Persons have ceased to be the beneficial owners of more than 5 percent of the referenced class of securities. ? This Amendment No. 1 amends the statement on Schedule 13D filed with the Securities and Exchange Commission by Focused Compounding Fund L.P. (?Focus Compounding?) (the ?Reporting Person?) on January 28, 2020 (the ?Schedule 13D?) with respect to the common stock, $0.001 par value per share (the ?Shares), of Parks! America, Inc. (the ?Company?). Capitalized terms used but not defined in this Amendment No. 1 have the meanings set forth in the Schedule 13D. Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported in the Schedule 13D. Item 3. Source and Amount of Funds or Other Consideration. Item 3 of the Schedule 13D is hereby amended and supplemented by adding the following: On December 14, 2023, Focused Compounding closed a transaction where it acquired 16,012,700 shares of the Common Stock of the Issuer. The shares were sold in a privately negotiated transaction with an individual stockholder for a purchase price of $0.25 per share, or $4,000,000.00 in the aggregate. As a result of the closing of the transactions described, Focused Compounding beneficially owns approximately 38.5% of the Issuer?s outstanding common stock. Item 4. Purpose of Transaction. ` Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following: On December 14, 2023, Focused Compounding entered into a Stock Purchase Agreement (the ?Stock Purchase Agreement?) for the sale of 16,012,700 shares of Common Stock of the Issuer. These shares were sold in a privately negotiated transaction for a purchase price of $0.25 per share, or $4,000,000 in the aggregate. The transactions under the Stock Purchase Agreement closed on December 14, 2023. As a result of the closing of the transactions under the Stock Purchase Agreement, the Reporting Person beneficially owns approximately 38.5% of the Issuer?s outstanding Common Stock. Focused Compounding has engaged Investercom Shareholder Intelligence to solicit proxies on Focused Compounding?s behalf during a special election to elect a new board of directors. Although Focused Compounding has taken this action in preparation for a special election, there can be no assurance such a special election will take place as it is possible that Focused Compounding and the board could reach an agreement prior to Focused Compounding calling a special election. In recent days, Focused Compounding has not had any discussions with the board about a special election. Such discussions could occur at any time. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Item 6 of the Schedule 13D is hereby amended and supplemented as follows: The description of the Stock Purchase Agreement in Item 4 above is hereby incorporated by reference. ? SIGNATURE After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: December 15, 2023 FOCUSED COMPOUNDING FUND, LP By: /s/ Andrew Kuhn Name: Title: Andrew Kuhn Managing Member of General Partner