Ownership
Stock Ownership Information
Security Ownership of Certain Beneficial Owners and Management
The following table sets forth certain information as of January 15, 2025, with respect to the beneficial ownership of shares of our common stock owned by:
•Each of our directors, our CEO and the other NEOs;
•All directors and executive officers as a group; and
•Each person or entity who is known to us to be the beneficial owner of more than 5% of our common stock.
As of January 15, 2025, our outstanding equity securities consisted of 3,604,157 shares of common stock. The number of shares beneficially owned by each shareholder is determined under rules promulgated by the SEC and generally includes voting or investment power over the shares. The information does not necessarily indicate beneficial ownership for any other purpose. Under SEC rules, the number of shares of common stock deemed outstanding includes shares issuable upon the conversion of other securities, as well as the exercise of options or the settlement of restricted stock units held by the respective person or group that may be exercised or settled on or within 60 days of January 15, 2025. For purposes of calculating each person’s or group’s percentage ownership, shares of common stock issuable pursuant to stock options and restricted stock units that may be exercised or settled on or within 60 days of January 15, 2025 are included as outstanding and beneficially owned by that person or group but are not treated as outstanding for the purpose of computing the percentage ownership of any other person or group.
| NAME AND ADDRESS
OF BENEFICIAL OWNER (1) |
AMOUNT AND NATURE OF
BENEFICIAL OWNERSHIP(2) |
PERCENT OF
CLASS |
|---|---|---|
| Michael Weinstein
|
946,538(3) | 26.26% |
| Bruce R. Lewin
|
298,681 (4)(5) | 8.27% |
| Steven Shulman
|
7,400 (5) | Less than 1% |
| Marcia Allen
|
6,000 (5) | Less than 1% |
| Anthony J. Sirica |
38,750 (6) | 1.06% |
| Stephen Novick
|
6,000 (5) | Less than 1% |
| Jessica Kates | 2,500 (7) | Less than 1% |
| Vincent Pascal
|
0 | N/A |
| Samuel Weinstein
|
37,000(7) | Less than 1% |
| All directors and officers as a group (nine persons) | 1,309,569 (8) | 35.66% |
Name And Address eneficial Owner (1) | ||
Five(5%) Shareholders | Thomas A. Satterfield, Jr. |
574,251 (9) | 15.93% |
Desai Ravi Ramesh |
180,431 (10) | 5.01% |
(1) Unless otherwise indicated, the address for each person is c/o Ark Restaurants Corp., 85 Fifth Avenue, New York, NY 10003.
(2) Except to the extent otherwise indicated, to the best of the Company’s knowledge, each of the indicated persons exercises sole voting and investment power with respect to all shares beneficially owned by him, her or it.
(3) Includes: a 50% interest (113,500 shares) held by Michael Weinstein in a limited liability company account maintained by his adult children; 3,700 shares held by The Weinstein Foundation for which Mr. Weinstein acts as trustee and has shared investment and voting power; and 21,375 shares issuable to Mr. Weinstein pursuant to stock options, all of which options are currently exercisable.
(4) Includes 1,500 shares owned by Mr. Lewin in his Individual Retirement Account (“IRA”).
(5) Includes 6,000 shares issuable pursuant to stock options exercisable within 60 days after the date of this Proxy Statement.
(6) Includes 38,750 shares issuable pursuant to stock options exercisable within 60 days after the date of this Proxy Statement.
(7) Includes 25,000 shares issuable pursuant to stock options exercisable within 60 days after the date of this Proxy Statement.
(8) Includes 62,500 shares issuable pursuant to stock options exercisable within 60 days after the date of this Proxy Statement.
(9) Based upon information set forth on Form 4 filed by Thomas A. Satterfield, Jr. (“Mr. Satterfield”) with the SEC on or about May 22, 2024 with respect to the beneficial ownership reported for Thomas A. Satterfield, Jr., 7,500 shares are held jointly with Mr. Satterfield’s spouse; 1,000 shares are held individually by Mr. Satterfield’s spouse in her individual capacity; 57,301 shares are held by Tomsat Investment & Trading Co., Inc., a corporation controlled by Mr. Satterfield and of which he serves as President; 200,000 shares are held by Caldwell Mill Opportunity Fund, which fund is managed by an entity of which Mr. Satterfield owns a 50% interest and serves as Chief Investment Manager; and 150,000 shares are held by A.G. Family L.P., a partnership managed by a general partner controlled by Mr. Satterfield. Additionally, Mr. Satterfield has limited powers of attorney for voting and disposition purposes with respect to the following shares: the reporting person's father (32,000 shares); the reporting person's sister (27,000 shares); the reporting person's brother-in-law (11,000 shares); Rita Phifer (10,000 shares); the reporting person's second brother-in-law (6,000 shares); the reporting person's nephew (2,000 shares); a trust for the reporting person's granddaughter (1,450 shares); a trust for the reporting person's second granddaughter (500 shares); the reporting person's step-sister (2,500 shares); the reporting person's second step-sister (2,000 shares); the reporting person's third step-sister and spouse (7,000 shares); the reporting person's fourth step-sister and spouse (4,000 shares); and the reporting person's fifth step-sister and spouse (3,000 shares).
(10) Information is based on a Schedule 13G filed with the SEC on January 7, 2025 by Desai Ravi Ramesh, reporting beneficial ownership of an aggregate of 180,431 shares of common stock.