Filing Analysis
Ark Restaurants Corp. filed an 8-K to announce the release of its financial results for the third quarter of 2026. The filing serves as a formal announcement and incorporates a press release via Exhibit 99.1.
📋 Key Facts
- Company announced Q3 2026 financial results on August 10, 2026.
- The filing includes a press release titled 'Ark Restaurants Announces Financial Results for the Third Quarter of 2026'.
- Information in Item 2.02 is not considered 'filed' for purposes of Section 18 of the Exchange Act.
Ark Restaurants Corp. reports a significant legal setback regarding its leasehold interests in Bryant Park. While the court granted summary judgment for breach of contract for one location, it ruled in favor of the Landlord regarding ejectment and use/occupancy claims for other key premises.
🚩 Red Flags
- Risk of eviction from high-profile, revenue-generating premises in Bryant Park.
- Significant legal uncertainty regarding the ability to renew or extend leases on favorable terms.
- Requirement to post a financial undertaking (bond) which may impact liquidity.
- Material adverse impact on business and financial condition due to ongoing litigation.
📋 Key Facts
- Court decision dated June 18, 2026, partially favored the Company on a breach of contract claim for Bryant Park Grill (money damages to be determined).
- Court granted summary judgment in favor of Landlord regarding ejectment and use/occupancy claims for Bryant Park Café and The Porch at Bryant Park.
- The Company intends to file a Notice of Appeal to trigger an automatic stay of eviction.
- An appeal will require the Company to post a court-ordered undertaking (bond) to cover the period of litigation.
- The dispute involves three key locations: Bryant Park Grill, Bryant Park Café, and The Porch at Bryant Park.
Ark Restaurants Corp. reported its financial results for the second quarter of 2026 on May 11, 2026. The filing serves as a formal notice of the earnings release and incorporates the full press release by reference.
📋 Key Facts
- The report was filed on May 11, 2026, covering the second quarter of 2026.
- The filing includes Item 2.02 (Results of Operations and Financial Condition).
- A press release titled 'Ark Restaurants Announces Financial Results for the Second Quarter of 2026' is attached as Exhibit 99.1.
- The information is furnished and not deemed 'filed' for purposes of Section 18 of the Exchange Act.
Ark Restaurants Corp. reported the results of its Annual Meeting of Shareholders held on March 17, 2026. Shareholders elected six directors to the board and ratified the appointment of CohnReznick LLP as the company's independent auditor for the 2026 fiscal year.
📋 Key Facts
- The meeting was held on March 17, 2026, with 2,854,418 shares represented out of 3,606,157 outstanding shares (79.2% turnout).
- Six directors were elected: Michael Weinstein, Anthony J. Sirica, Marcia Allen, Bruce R. Lewin, Jessica Kates, and Stephen Novick.
- Marcia Allen received the highest number of 'Withheld' votes among directors at 177,016.
- The appointment of CohnReznick LLP as independent auditors for fiscal 2026 was ratified with 2,809,941 votes 'For'.
Ark Restaurants Corp. filed an 8-K to announce its financial results for the first quarter of 2026 via a press release.
📋 Key Facts
- The filing was made on February 9, 2026.
- The company released its Q1 2026 financial results.
- Financial results are attached as Exhibit 99.1.
Ark Restaurants Corp. filed an 8-K to announce its financial results for the fourth quarter and fiscal year ended December 31, 2025. The filing serves as a formal announcement of the company's periodic earnings release.
📋 Key Facts
- The filing reports on the fourth quarter and full fiscal year ended in 2025.
- Financial results were announced via press release dated December 15, 2025.
- The report was signed by CEO Michael Weinstein.
Ark Restaurants Corp. filed an 8-K to announce the release of its financial results for the third quarter of 2025.
📋 Key Facts
- The filing was made on August 11, 2025.
- The company issued a press release regarding Q3 2025 financial results (Exhibit 99.1).
- The report includes an interactive data file (Inline XBRL).
Ark Restaurants Corp. filed an 8-K to announce the release of its financial results for the second quarter of 2025. The filing serves as a formal announcement of the press release containing the company's periodic performance data.
📋 Key Facts
- Company announced Q2 2025 financial results on May 12, 2025.
- The filing includes an exhibit (99.1) containing the full press release.
- The report was signed by CEO Michael Weinstein.
Ark Restaurants Corp. held its Annual Meeting of Shareholders on March 11, 2025. The meeting resulted in the election of seven directors and the ratification of CohnReznick LLP as the independent auditor for fiscal year 2025.
🚩 Red Flags
- High number of broker non-votes (627,690) across all director nominees, though this is common in certain institutional voting patterns.
📋 Key Facts
- Annual Meeting of Shareholders held on March 11, 2025.
- Seven directors were elected to serve until the next annual meeting: Michael Weinstein, Steven Shulman, Anthony J. Sirica, Marcia Allen, Bruce R. Lewin, Jessica Kates, and Stephen Novick.
- CohnReznick LLP was ratified as the independent registered public accounting firm for the 2025 fiscal year with 2,963,742 votes in favor.
- Total shares voted: 2,999,599 out of 3,604,157 outstanding shares (approx. 83% participation).
Ark Restaurants Corp. filed an 8-K to announce its financial results for the first quarter of 2025 via a press release.
📋 Key Facts
- The filing is a standard announcement of Q1 2025 financial results.
- Report date: February 10, 2025.
- The company issued a press release titled 'Ark Restaurants Announces Financial Results for the First Quarter of 2025' as Exhibit 99.1.
Ark Restaurants Corp. filed an 8-K to announce its financial results for the fourth quarter and fiscal year ended 2024. The filing serves as a formal announcement of the release of their periodic earnings report.
📋 Key Facts
- The company announced financial results for the fourth quarter and full fiscal year ended 2024 on December 16, 2024.
- Results were released via press release titled 'Ark Restaurants Announces Financial Results for the Fourth Quarter and Fiscal Year Ended 2024'.
- The filing includes Exhibit 99.1 containing the earnings press release.
Ark Restaurants Corp. filed an 8-K to announce its financial results for the third quarter of 2024 via a press release.
📋 Key Facts
- The filing is a standard announcement of Q3 2024 financial results.
- The report was filed on August 12, 2024.
- Financial results are contained in Exhibit 99.1 (Press Release).
Ark Restaurants Corp. filed an 8-K to announce its financial results for the second quarter of 2024 via a press release.
📋 Key Facts
- Filed on May 13, 2024.
- The filing pertains to Item 2.02 (Results of Operations and Financial Condition).
- Company announced Q2 2024 financial results via Exhibit 99.1.
Ark Restaurants Corp. announced the declaration of a quarterly cash dividend of $0.1875 per share. The dividend is scheduled to be paid on June 12, 2024, to shareholders of record as of May 31, 2024.
📋 Key Facts
- Dividend amount: $0.1875 per share
- Record date: May 31, 2024
- Payment date: June 12, 2024
- Board discretion remains for future dividend payments based on operating performance.
Ark Restaurants Corp. announced the resignation of Vincent Pascal as Director and COO effective April 30, 2024. The company will replace him with two Co-Chief Operating Officers: Jennifer Jordan and Samuel Weinstein.
🚩 Red Flags
- Related-party transaction/potential nepotism: Samuel Weinstein, a newly appointed Co-COO, is the son of the CEO (Michael Weinstein).
- Management restructuring: Transitioning from a single COO to a Co-COO structure can sometimes indicate internal friction or role ambiguity.
📋 Key Facts
- Vincent Pascal (80) to resign as Director and COO effective April 30, 2024; resignation is not due to any disagreement with the Company.
- Jennifer Jordan (60) appointed Co-COO effective April 30, 2024; has been with the company for 40 years.
- Samuel Weinstein (30) appointed Co-COO effective April 30, 2024; has been with the company for 10 years.
- Samuel Weinstein is the son of Michael Weinstein, the Company's Chairman and CEO.
Ark Restaurants Corp. held its Annual Meeting of Shareholders on March 12, 2024. The meeting resulted in the election of eight directors and the ratification of CohnReznick LLP as independent auditors for the 2024 fiscal year.
🚩 Red Flags
- High number of broker non-votes (924,613) across all director elections, though this is common in certain voting structures.
📋 Key Facts
- Annual Meeting of Shareholders held on March 12, 2024.
- Eight directors were elected to serve until the next annual meeting: Michael Weinstein, Steven Shulman, Anthony J. Sirica, Marcia Allen, Bruce R. Lewin, Vincent Pascal, Jessica Kates, and Stephen Novick.
- CohnReznick LLP was ratified as the independent registered public accounting firm for the 2024 fiscal year with 3,142,366 votes in favor.
- An advisory resolution regarding executive officer compensation received 1,916,363 votes in favor.
- Total shares voted: 3,148,169 out of 3,604,157 outstanding shares entitled to vote.
Ark Restaurants Corp. filed an 8-K to announce its financial results for the first quarter of 2024 via a press release.
📋 Key Facts
- The filing was made on February 12, 2024.
- The company announced Q1 2024 financial results.
- The announcement was delivered via press release attached as Exhibit 99.1.
Ark Restaurants Corp. announced the declaration of a quarterly cash dividend of $0.1875 per share.
📋 Key Facts
- Dividend amount: $0.1875 per share.
- Record date: February 29, 2024.
- Payment date: March 13, 2024.
Ark Restaurants Corp. has amended and restated its Bylaws to align with new SEC Universal Proxy Rules regarding shareholder nominations and proposals.
📋 Key Facts
- The Board of Directors approved Amended and Restated Bylaws effective January 23, 2024.
- Amendments primarily address procedural requirements for director nominations under the SEC's Universal Proxy Rules (Rule 14a-19).
- New procedures include additional information requirements for shareholders making proposals or nominating directors.
- A requirement was added that shareholders soliciting proxies must use a proxy card color other than white.
- The notice period for shareholder meetings was increased from fifty days to sixty days to comply with Section 605 of the New York Business Corporation Law.