What You Won in February, What You’ll Win in June
To the Parks! America Shareholders Suffering From 14 Years of Neglect:
By exercising your right to vote at the February special election (where Focused Compounding received 57% of votes cast vs. 43% for the incumbent board) you won: a “significant breakthrough for registered shareholders”, quarterly earnings calls, an annual meeting, and an investor day. This simple act of voting your shares caused the company to do more for you in 14 weeks than it had in 14 years.
That’s the power of shareholder democracy.
It’s a power you will lose if the incumbent board ekes out a victory on
What makes a stock a stock?
Owning a common stock entitles you to two things:
1) An economic interest in the corporation
2) A voting interest in the corporation
Without #2, you have no way to protect #1.
The future is uncertain. No board or management team can promise you results. But every board and every management team comes with a built in orientation – a sense of right and wrong – that determines what’s true north on the corporate compass.
All of Focused Compounding’s efforts are oriented in two – and only two – perfectly complementary directions:
1) Returns to shareholders: dividends, buybacks, and financial results
2) Responsiveness to shareholders
Insiders can take care of themselves. A public company should be run for the folks who aren’t in the boardroom. But – as you’ve seen since February – the folks in the boardroom only respond once they’ve developed a healthy fear of the ballot box. Outside the campaign season, they forget you exist.
If Focused Compounding wins on
1) Capital Allocation
2) Investor Relations
You can watch Focused Compounding’s detailed plan for
https://youtu.be/sefyS06Dvt8?si=je5o2VTVa2Wc_kFa
The opposing slate has no such plan or presentation for you to watch. But…
The company’s current CEO will hold an earnings call this week.
Focused Compounding will answer investor questions later this week as well.
You can listen to both events and judge each side’s responsiveness to shareholders based on the differences between the two events.
I know all this constant communication from the two sides is exhausting and confusing. But your company will backslide on its transition to shareholder democracy if you don’t turn out on
I had hoped the February election would be enough to show the old board the writing on the wall.
But they seem dead set on getting voted out twice.
Grant them their wish on
Sincerely,
Contact:
andrew@focusedcompounding.com
Additional Information and Certain Information Regarding the Participants
On
FOCUSED COMPOUNDING STRONGLY ADVISES ALL SHAREHOLDERS OF PARKS! TO READ THE PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION. SUCH PROXY STATEMENT IS AVAILABLE AT NO CHARGE ON THE SEC’S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, FOCUSED COMPOUNDING WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO FOCUSED COMPOUNDING’S PROXY SOLICITOR, INVESTORCOM, AT 19 OLD KINGS HIGHWAY S., SUITE 130
Source:
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