SECURITIES AND EXCHANGE COMMISSION
THE SECURITIES EXCHANGE ACT OF 1934
SHAREHOLDERS
8:00 a.m. Central Time
Roseville, Minnesota 55113
| | | Date and time | | | | May 29, 2026, at 8:00 a.m., Central Time | | |
| | | Location | | | | 2200 County Road C West, Suite 2210, Roseville, Minnesota 55113 The meeting will also be broadcast over a Microsoft Teams conference line: Phone Number: +1 763-496-5925 Phone Conference ID: 239 925 10# | | |
| | | Record date | | | | March 30, 2026 | | |
| | | Shares outstanding | | | | 6,608,919 shares of Common Stock entitled to vote at the Annual Meeting as of the Record Date, consisting of 4,515,054 shares of Common Stock outstanding and 2,093,865 restricted shares entitled to vote prior to vesting. | | |
| | | Proxy materials first mailed | | | | On or about April 14, 2026 | | |
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| | | Date and time | | | | May 29, 2026, at 8:00 a.m. Central Time | | |
| | | Location | | | | Park Dental Partners, Inc., 2200 County Road C West, Suite 2210, Roseville, Minnesota 55113 The meeting will also be broadcast over a Microsoft Teams conference line: Phone Number: +1 763-496-5925 Phone Conference ID: 239 925 10# | | |
| | | Record Date | | | | March 30, 2026 | | |
| | | Mailing date of Proxy Materials | | | | On or about April 14, 2026 | | |
| | | Voting securities | | | | Common Stock (one vote per share) | | |
| | | Proxy Materials availability | | | | https://investors.parkdentalpartners.com/financial-information/sec-filings | | |
| | | Proposal | | | | Board Recommendation | | | | Page | | |
| | | Proposal 1: Election of Directors | | | | FOR | | | | 11 | | |
| | | Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm | | | | FOR | | | | 12 | | |
| | | Board Recommendation | | | | FOR the nominee named below | | |
| | | Vote Required | | | | Plurality of votes cast | | |
| | | Effect of Abstentions and Broker Non-Votes | | | | Abstentions and broker non-votes, if any, will not be counted as votes cast and therefore will have no effect on the outcome of Proposal 1. | | |
| | | Class I (term expiring 2028) | | | | Class II (term expiring 2026) | | | | Class III (term expiring 2027) | | |
| | | Dr. Christopher Steele* Dr. Todd Gerlach Anna M. Schaefer | | | | Dr. Alan Law* Christopher C. Smith | | | | Peter G. Swenson, Chair* Philip I. Smith | | |
| | | Name | | | | Age | | | | Current Position | | | | Independence | | |
| | | Christopher C. Smith | | | | 51 | | | | Director, Audit Committee (member), Compensation Committee (member), Corporate Governance and Nominating Committee (Chair) | | | | Independent | | |
| | | Board Recommendation | | | | FOR | | |
| | | Vote Required | | | | Majority of votes cast | | |
| | | Effect of Abstentions and Broker Non-Votes | | | | Abstentions and broker non-votes, if any, will not be counted as votes cast and therefore will have no effect on the outcome of Proposal 2. | | |
| | | Fee Category | | | | Fiscal Year Ended December 31, 2025 | | | | Fiscal Year Ended December 31, 2024 | | | ||||||
| | | Audit Fees | | | | | $ | 550,024 | | | | | | $ | 475,491 | | | |
| | | Audit-Related Fees | | | | | $ | 1,051,529 | | | | | | $ | 0 | | | |
| | | Tax Fees | | | | | $ | 0 | | | | | | $ | 0 | | | |
| | | All Other Fees | | | | | $ | 1,895 | | | | | | $ | 1,895 | | | |
| | | Total Fees | | | | | $ | 1,603,448 | | | | | | $ | 477,386 | | | |
| | | Name | | | | Age | | | | Position | | | | Business Experience (Summary) | | |
| | | Peter G. Swenson | | | | 54 | | | | President and Chief Executive Officer | | | | Mr. Swenson serves as President and Chief Executive Officer of Park Dental Partners, Inc. He previously served as Chief Executive Officer and Chief Administrative Officer of Park Dental, The Dental Specialists and Orthodontic Specialists of Minnesota since 2008. He has served in dental leadership capacities for over three decades and has led the growth of the group practices from 99 dentists to more than 200 dentists and approximately 1,200 team members. Under his leadership, Park Dental Partners achieved a significant milestone by becoming a publicly traded company on the NASDAQ Stock Market in December 2025 under the ticker symbol PARK. Prior to joining Park Dental, he was vice president of market development for American Dental Partners, where he helped grow the business from start-up through its 1998 initial public offering. His board memberships have included the American Academy of Dental Group Practice and Voyageurs National Park Association, and he has served on the Park Dental Partners Foundation board since 2015. | | |
| | | Christopher J. Bernander | | | | 44 | | | | Chief Financial Officer and Treasurer | | | | Mr. Bernander serves as Chief Financial Officer of Park Dental Partners, Inc. He is responsible for accounting, treasury, internal control, financial planning, and revenue cycle operations. He joined the organization in 2022 after serving as chief financial officer of Calabrio from 2021 to 2022 and chief financial officer of Digital River from 2019 to 2021. Over the past twenty years, he has worked in numerous public and private-equity-backed organizations. He began his career in accounting at Ernst & Young and Bemis Company (now Amcor). He is a CPA (inactive) and holds a B.B.A. in accounting from the University of Wisconsin-Madison. | | |
| | | Name | | | | Age | | | | Position | | | | Business Experience (Summary) | | |
| | | Dr. Alan Law | | | | 60 | | | | Chief Clinical Officer — Specialty Practices | | | | Dr. Law serves as Chief Clinical Officer — Specialty Practices. He oversees clinical standards and quality of care across affiliated specialty dental practices and leads continuing education and professional development initiatives. He joined the group in 1996 and has served as president of The Dental Specialists since 2003. He continues to regularly see patients and run a practice as an endodontist and has served in multiple operational and leadership roles within the organization. He is a graduate of the University of Iowa, where he also received his DDS degree, certificate in endodontics, and Ph.D. in Mechanisms and Modulation of Orofacial Pain. He is a past president of the American Association of Endodontists, American Board of Endodontics, and Minnesota Association of Endodontics. | | |
| | | Dr. Christopher Steele | | | | 63 | | | | Chief Clinical Officer — General Practices | | | | Dr. Steele serves as Chief Clinical Officer — General Practices. He oversees clinical standards and quality of care across affiliated general dental practices and leads continuing education and professional development initiatives for general dentists. He joined the group in 1991 and has served as president of the Park Dental general dental group since 2019. He continues to regularly see patients and run a practice as a general dentist and has served in multiple operational and governance leadership roles within the organization. He holds a B.S. from Gustavus Adolphus College and a DDS degree from the University of Minnesota School of Dentistry and completed a general practice residency there. | | |
| | | Committee | | | | Members | | | | Chair | | | | Meetings in 2025 | | |
| | | Audit Committee | | | | Philip I. Smith Christopher C. Smith Anna M. Schaefer | | | | Anna M. Schaefer | | | | 4 | | |
| | | Compensation Committee | | | | Philip I. Smith Christopher C. Smith | | | | Philip I. Smith | | | | 1 | | |
| | | Corporate Governance and Nominating Committee | | | | Philip I. Smith Christopher C. Smith | | | | Christopher C. Smith | | | | 0 | | |
| | | Name | | | | Fees Earned or Paid in Cash ($) | | | | Stock Awards ($) | | | | Option Awards ($) | | | | All Other Compensation ($) | | | | Total ($) | | | |||||||||||||||
| | | Anna M. Schaefer | | | | | $ | 30,525 | | | | | | $ | 29,288 | | | | | | | — | | | | | | | — | | | | | | $ | 59,813 | | | |
| | | Christopher C. Smith | | | | | $ | 27,225 | | | | | | $ | 29,288 | | | | | | | — | | | | | | | — | | | | | | $ | 56,513 | | | |
| | | Philip I. Smith | | | | | $ | 30,525 | | | | | | $ | 29,288 | | | | | | | — | | | | | | | — | | | | | | $ | 59,813 | | | |
| | | Name | | | | Age | | | | Current Position | | | | Class | | | | Independent | | |
| | | Dr. Todd Gerlach | | | | 55 | | | | Director | | | | Class I (term expiring 2028) | | | | No | | |
| | | Dr. Alan Law | | | | 60 | | | | Director; Chief Clinical Officer — Specialty Practices | | | | Class II (term expiring 2029)* | | | | No | | |
| | | Anna M. Schaefer | | | | 66 | | | | Director | | | | Class I (term expiring 2028) | | | | Yes | | |
| | | Christopher C. Smith | | | | 51 | | | | Director | | | | Class II (term expiring 2026) | | | | Yes | | |
| | | Philip I. Smith | | | | 58 | | | | Director | | | | Class III (term expiring 2027) | | | | Yes | | |
| | | Dr. Christopher Steele | | | | 63 | | | | Director; Chief Clinical Officer — General Practices | | | | Class I (term expiring 2028) | | | | No | | |
| | | Peter G. Swenson | | | | 54 | | | | President, Chief Executive Officer and Chairman of the Board | | | | Class III (term expiring 2027) | | | | No | | |
| | | Name | | | | Age | | | | Position | | | | Since | | |
| | | Christopher J. Bernander | | | | 44 | | | | Chief Financial Officer, Treasurer | | | | 2022 | | |
| | | Dr. Alan Law | | | | 60 | | | | Chief Clinical Officer — Specialty Practices | | | | 2023 | | |
| | | Dr. Christopher Steele | | | | 63 | | | | Chief Clinical Officer — General Practices | | | | 2023 | | |
| | | Peter G. Swenson | | | | 54 | | | | President, Chief Executive Officer | | | | 2008 | | |
| | | Name / Title | | | | Year | | | | Salary & Wages ($)(1) | | | | Bonus ($) | | | | Restricted ($) | | | | Unrestricted ($) | | | | Non- Equity Incentive Plan Comp. ($) | | | | Nonqualified Deferred Comp. Earnings ($) | | | | All Other Compensation ($) | | | | Total ($) | | | |||||||||||||||||||||||||||
| | | Christopher J. Bernander, Chief Financial Officer, Treasurer | | | | | | 2025 | | | | | | | 425,000 | | | | | | | 274,709 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 16,139 | | | | | | | 715,848 | | | |
| | | | 2024 | | | | | | | 425,000 | | | | | | | 177,272 | | | | | | | 366,603 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 10,985 | | | | | | | 979,860 | | | | |||||
| | | Dr. Alan Law, Chief Clinical Officer, Specialty Practices | | | | | | 2025 | | | | | | | 675,281 | | | | | | | 96,956 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 82,337 | | | | | | | 23,951 | | | | | | | 878,525 | | | |
| | | | 2024 | | | | | | | 777,419 | | | | | | | 62,567 | | | | | | | 109,328 | | | | | | | — | | | | | | | — | | | | | | | 35,729 | | | | | | | 14,361 | | | | | | | 999,404 | | | | |||||
| | | Dr. Christopher Steele, Chief Clinical Officer, General Practices | | | | | | 2025 | | | | | | | 529,335 | | | | | | | 193,913 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 5,917 | | | | | | | 12,708 | | | | | | | 741,873 | | | |
| | | | 2024 | | | | | | | 524,502 | | | | | | | 125,134 | | | | | | | 111,119 | | | | | | | — | | | | | | | — | | | | | | | 3,886 | | | | | | | 12,458 | | | | | | | 777,099 | | | | |||||
| | | Peter G. Swenson Chairman of the Board, President and Chief Executive Officer | | | | | | 2025 | | | | | | | 602,550 | | | | | | | 584,210 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 19,404 | | | | | | | 1,206,164 | | | |
| | | | 2024 | | | | | | | 602,549 | | | | | | | 376,996 | | | | | | | 1,072,738 | | | | | | | 529,055 | | | | | | | — | | | | | | | 29,453 | | | | | | | 18,158 | | | | | | | 2,628,949 | | | | |||||
| | | Name | | | | Grant Date | | | | Number of Shares of Stock That Have Not Vested (#) | | | | Market Value of Shares of Stock That Have Not Vested ($) | | | |||||||||
| | | Christopher J. Bernander | | | | | | 2/1/2024 | | | | | | | 39,936 | | | | | | | 589,455 | | | |
| | | Christopher J. Bernander | | | | | | 2/12/2024 | | | | | | | 440 | | | | | | | 6,494 | | | |
| | | Dr. Alan Law | | | | | | 10/31/2023 | | | | | | | 30,578 | | | | | | | 451,331 | | | |
| | | Dr. Alan Law | | | | | | 2/1/2024 | | | | | | | 12,041 | | | | | | | 177,725 | | | |
| | | Dr. Christopher Steele | | | | | | 10/31/2023 | | | | | | | 77,704 | | | | | | | 1,146,911 | | | |
| | | Dr. Christopher Steele | | | | | | 2/1/2024 | | | | | | | 12,238 | | | | | | | 180,633 | | | |
| | | Peter G. Swenson | | | | | | 1/1/2024 | | | | | | | 108,181 | | | | | | | 1,596,752 | | | |
| | | Peter G. Swenson | | | | | | 2/1/2024 | | | | | | | 9,963 | | | | | | | 147,054 | | | |
| | | Name and Address of Beneficial Owner | | | | Number of Shares Beneficially Owned | | | | Nature of Beneficial Ownership | | | | Percent of Class(1) | | | ||||||
| | | Kennedy Capital Management, LLC(2) | | | | | | 235,632 | | | | | Sole | | | | | | 5.22% | | | |
| | | AO Partners I, L.P. et. al.(3) | | | | | | 230,769 | | | | | Shared | | | | | | 5.11% | | | |
| | | Name of Beneficial Owner | | | | Number Held Unrestricted | | | | Number Held Restricted | | | | Total Holdings | | | | Percentage(2) | | | ||||||||||||
| | | Christopher J. Bernander | | | | | | 18,745 | | | | | | | 37,011 | | | | | | | 55,756 | | | | | | | 0.84% | | | |
| | | Dr. Todd C. Gerlach | | | | | | 58,335 | | | | | | | 10,511 | | | | | | | 68,846 | | | | | | | 1.04% | | | |
| | | Dr. Alan S. Law | | | | | | 141,972 | | | | | | | 39,068 | | | | | | | 181,040 | | | | | | | 2.74% | | | |
| | | Anna M. Schaefer | | | | | | 875 | | | | | | | 1,925 | | | | | | | 2,800 | | | | | | | 0.04% | | | |
| | | Christopher C. Smith | | | | | | 8,567 | | | | | | | 1,925 | | | | | | | 10,492 | | | | | | | 0.16% | | | |
| | | Philip I. Smith | | | | | | 1,644 | | | | | | | 1,925 | | | | | | | 3,569 | | | | | | | 0.05% | | | |
| | | Christopher E. Steele | | | | | | 54,725 | | | | | | | 82,447 | | | | | | | 137,172 | | | | | | | 2.08% | | | |
| | | Peter G. Swenson | | | | | | 130,082 | | | | | | | 108,299 | | | | | | | 238,381 | | | | | | | 3.61% | | | |
| | | All directors and executive officers as a group (8 persons) | | | | | | 414,945 | | | | | | | 283,111 | | | | | | | 698,056 | | | | | | | 10.56% | | | |
DIRECTOR NOMINATIONS FOR 2027 ANNUAL MEETING
PROXY FOR THE 2026 ANNUAL MEETING OF SHAREHOLDERS
MAY 29, 2026
THIS PROXY CARD IS SOLICITED ON BEHALF OF THE COMPANY’S BOARD OF DIRECTORS
| | | PROPOSAL 1: Election of one (1) Class II director | | | | FOR ☐ WITHHOLD ☐ | | |
| | | Nominee: Christopher C. Smith | | | | | | |
| | | PROPOSAL 2: Ratification of Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026 | | | | FOR ☐ AGAINST ☐ ABSTAIN ☐ | | |
| | | In their discretion, the proxies are authorized to vote upon such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof. | | | | | | |
| | Signature(s): | | | Date: | |