Company Update

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT   Pursuant to Section 13 or 15(d) of the   Securities Exchange Act of 1934   Date of report (Date of earliest event reported):  February 9, 2023       PARK AEROSPACE CORP. (Exact Name of Registrant as Specified in Charter)               New York 1-4415 11-1734643 (State or Other Jurisdiction (Commission File (IRS Employer of Incorporation)  Number) Identification No.)             1400 Old Country Road , Westbury New York 11590 (Address of Principal Executive Offices) (Zip Code)     Registrant's telephone number, including area code      ( 631 ) 465-3600          Not Applicable Former Name or Former Address, if Changed Since Last Report   Securities registered or to be registered pursuant to Section 12(b) of the Act:   Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock , par value $.10 per share PKE New York Stock Exchange   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has selected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐         Item 8.01 Other Events.   On February 9, 2023, the Board of Directors of Park Aerospace Corp. (the “Company”) declared a special cash dividend of $1.00 per share payable on April 6, 2023 to shareholders of record at the close of business on March 9, 2023. The special cash dividend will be funded from the Company’s cash balances. The Board of Directors of the Company also approved a 25% increase in the Company’s regular quarterly cash dividend from the current rate of $0.10 per share to a new rate of $0.125 per share and declared a regular quarterly cash dividend of $0.125 per share payable May 5, 2023 to shareholders of record at the close of business on April 3, 2023.     Item 9.01 Financial Statements and Exhibits.     (d) Exhibits.     99.1 News Release dated February 9, 2023   104 Cover Page Interactive Data File (embedded within the Inline XBRL document)   SIGNATURE   Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.       PARK AEROSPACE CORP.                   Date: February 13, 2023 By: /s/ P. Matthew Farabaugh     Name: P. Matthew Farabaugh     Title: Senior Vice President and Chief       Financial Officer     2