Geoffrey Gannon
About Geoffrey Gannon
Geoffrey Gannon, 39, serves as President (principal executive officer) and Director of Parks! America, Inc. (PRKA). He joined the Board on June 6, 2024 and was appointed President on June 14, 2024; he has elected to serve without direct compensation, and jointly controls the company’s largest shareholder, Focused Compounding Fund, LP . Prior roles include Portfolio Manager at Focused Compounding Fund, LP since 2020 and at Focused Compounding Capital Management, LLC since 2018 .
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Total Revenues ($) | $9,440,248 | $9,912,260 |
| Adjusted EBITDA ($) | $2,168,161 | $1,746,203 |
| Net Income (Loss) ($) | $(483,738) | $(1,094,481) |
| TSR – Value of $100 (end of period) | $90.24 | $102.44 |
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Focused Compounding Fund, LP | Portfolio Manager | 2020–Present | Joint control of PRKA’s largest shareholder (40.2%); activist-led realignment and leadership transition |
| Focused Compounding Capital Management, LLC | Portfolio Manager/Managing Member | 2018–Present | Investor communications and strategy content since 2018; value-investing expertise |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Focused Compounding Capital Management, LLC | Managing Member | 2018–Present | Separately managed accounts; general partner of Focused Compounding Fund, LP |
Fixed Compensation
Gannon elected to serve as President without direct compensation; no salary, bonus, stock or option awards were disclosed for FY 2024.
| Component | FY 2024 |
|---|---|
| Base Salary ($) | $0 (elected no direct compensation) |
| Target Bonus (%) | Not disclosed |
| Actual Bonus ($) | $0 |
| Stock Awards ($) | $0 |
| Option Awards ($) | $0 |
Performance Compensation
No performance-based awards or metric-linked incentives (RSUs/PSUs/options) were disclosed for Gannon; the company states it has no plan to issue equity awards at present and its legacy option plan has never granted awards.
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| None disclosed for Gannon | — | — | — | — | — |
Notes:
- No equity awards planned at present .
- Stock Option and Award Plan (2005) exists; no grants made to date .
Equity Ownership & Alignment
Gannon and Andrew Kuhn jointly control Focused Compounding Fund, LP, which owns 30,454,705 shares (40.2% of outstanding) as of the 2025 annual meeting record date. Officers/director nominees as a group controlled ~41.8% as of January 10, 2025. Company policy prohibits pledging, margin, hedging, and short sales by insiders unless pre-cleared.
| Holder/Policy | As of | Shares | % of Outstanding | Notes |
|---|---|---|---|---|
| Focused Compounding Fund, LP | Jan 10, 2025 | 30,454,705 | 40.2% | Jointly controlled by Gannon and Kuhn |
| Officers/Director Nominees (group) | Jan 10, 2025 | — | 41.8% | Group control including controlled entities |
| Insider Trading Policy – pledging/hedging | Effective 2024 | — | — | Prohibits pledging, margin, hedging, derivatives, short sales by insiders; pre-clearance required |
No disclosure of Gannon’s personal share count separate from the fund; no pledging disclosed .
Employment Terms
| Term | Detail |
|---|---|
| Director start date | June 6, 2024 |
| President start date | June 14, 2024 |
| Years with Company (as disclosed) | 1 (in proxy profile table) |
| Employment agreement/term | Not disclosed for Gannon; he serves without direct compensation |
Non-compete, non-solicit, garden leave, severance, and change-of-control terms are not disclosed for Gannon; prior executives’ contracts and severance terms are detailed separately (e.g., Brady, White) .
Board Governance
The Board is five members; two are independent. The only standing committee is Audit; Compensation and Nominating were not established in the 2025 proxy; FY2024 10-K notes a Compensation Committee met once (timeline difference).
- Board composition and independence: Jon M. Steele and Jacob McDonough are independent; Gannon is President/Director (not independent) .
- Meetings/attendance: Board held 17 meetings in FY2024; no director attended fewer than 75% of meetings; ~50% attended the annual meeting .
- Committees:
- Audit Committee: Chair Jacob McDonough; member Jon Steele; McDonough qualifies as “financial expert” .
- Compensation Committee: Not established in 2025 proxy; compensation determined by majority of the Board . FY2024 10-K notes a Compensation Committee met once (reflecting prior governance period) .
| Committee | Members | Notes |
|---|---|---|
| Audit | Jacob McDonough (Chair), Jon Steele | Quarterly meetings; oversight of auditor GBQ Partners LLC |
| Compensation | Majority of Board (no committee established in 2025 proxy) | 10-K indicates a committee met once in FY2024 |
| Nominating | Not established (Board handles nominations) | — |
Dual-role considerations: Gannon serves concurrently as President (PEO) and Director while jointly controlling a 40.2% shareholder, raising independence and related-party oversight considerations, especially in the absence of a dedicated compensation committee in 2025 proxy materials .
Director Compensation
FY2024 director compensation table lists fees/stock awards for certain directors; there is no disclosed director compensation for Gannon in FY2024.
| Item | FY 2024 |
|---|---|
| Gannon director fees/awards | No director compensation disclosed for Gannon (table lists others) |
| Standard annual director compensation | Typically $10,000; Audit Chair +$2,500; choice of cash/stock |
Compensation Structure Analysis
- Gannon’s cash/equity pay was $0 in FY2024; he elected no direct compensation, aligning with large ownership through Focused Compounding .
- No equity grants or performance metrics tied to Gannon’s compensation are disclosed; company states no plan to issue equity awards; legacy option plan has never granted awards .
- Governance: pay decisions handled by majority of Board (no 2025 compensation committee), which can concentrate discretion among non-independent directors .
Vesting Schedules and Insider Selling Pressure
- No Gannon equity awards or vesting schedules disclosed; therefore no near-term vesting-related selling pressure identified .
- Insider Trading Policy imposes blackout periods and pre-clearance; prohibits margin, pledging, hedging, options, short sales—mitigating leveraged selling risk .
Related Party Transactions
- Aggieland-Parks, Inc. refinancing: $2.5M term loan (Prime – 0.50%) with Cendera Bank; secured by assets and a $2.5M cash collateral reserve established by Focused Compounding Fund, LP. No fee/benefit to Focused Compounding; Gannon/Kuhn control FC Fund and serve on PRKA Board (Gannon is President) .
- Stock purchase: Focused Compounding Fund acquired CFO Todd White’s 1,344,555 shares at $0.40/share ($537,822) on September 5, 2024 .
Performance & Track Record
- FY2024 revenue grew 5.0% YoY to $9.91M; Adjusted EBITDA declined to $1.75M; reported net loss ($1.09M) reflects $2.04M proxy contest costs, $75k legal settlement, and $53.8k tornado insurance receipts .
- Segment income rose across all parks; Georgia +$240,878, Missouri +$199,840, Texas +$45,344 .
- Leadership transition announced June 14, 2024 (Brady stepped down; Gannon appointed President) .
Say‑on‑Pay & Shareholder Feedback
2025 Annual Meeting advisory vote on executive compensation (Proposal 3) passed decisively.
| Proposal | Votes For | Votes Against | Abstain |
|---|---|---|---|
| Say‑on‑Pay (2025) | 37,811,910 | 204,273 | 41,509 |
Compensation Peer Group
Not disclosed.
Expertise & Qualifications
- Value-investing portfolio manager since 2018/2020; extensive investor communication and content production since 2005 .
- Board “financial expert” designation applies to Audit Chair McDonough; Gannon’s formal qualifications are investment management and capital allocation .
Work History & Career Trajectory
See Past Roles table .
Compensation Committee Analysis
- 2025 proxy: no compensation committee; compensation decisions by majority of Board .
- FY2024 10‑K: a Compensation Committee met once, indicating committee existence in the prior period (governance transition) .
- Independent oversight: only two independent directors; concentrated control via 40.2% shareholder controlled by Gannon/Kuhn .
Equity Ownership & Alignment (Detail)
| Metric | Value |
|---|---|
| Focused Compounding Fund, LP ownership | 30,454,705 shares; 40.2% (record date Jan 10, 2025) |
| Independence of Gannon | President/Director; not listed as independent; only Steele/McDonough independent |
| Insider trading/pledging policy | Prohibits pledging/margin/hedging; requires pre‑clearance; blackout periods |
Board Service History and Roles
- Director since June 6, 2024 .
- President (PEO) since June 14, 2024 .
- Committees: Gannon is not disclosed as serving on Audit; Compensation/Nominating not established in 2025 proxy; compensation determined by majority of Board .
- Dual‑role implications: Executive + Director + control of largest shareholder elevates independence concerns; mitigants include two independent directors and Audit Committee oversight; absence of a standing Compensation Committee in 2025 proxy is a governance gap for pay oversight .
Investment Implications
- Alignment: Strong economic alignment via control of a 40.2% stake (through Focused Compounding); zero cash compensation minimizes fixed cash burn, with incentives largely tied to equity value creation .
- Governance risk: Concentrated control and no 2025 Compensation Committee reduce independent oversight of pay and related-party transactions; refinancing supported by fund collateral underscores related‑party dynamics (no fees paid), requiring ongoing scrutiny .
- Retention/overhang: No vesting schedules or equity awards for Gannon; insider policy limits hedging/pledging, reducing forced‑selling risk; say‑on‑pay support was strong in 2025 .
- Execution: FY2024 revenue growth but Adjusted EBITDA compression and reported loss driven by activism/legal items; segment profitability improved. Seasonal and macro risks remain (labor, weather), with continued operational focus critical under activist‑influenced leadership .