Ark Restaurants Corporation
04/15/2024 | Press release | Distributed by Public on 04/15/2024 14:06
Management Change/Compensation - Form 8-K
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
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Resignation of Vincent Pascal as Director and Chief Operating Officer of Ark Restaurants Corp.
On April 10, 2024, Vincent Pascal, age 80, informed the Board of Directors (the "Board") of Ark Restaurants Corp. (the "Company") of his decision to resign as a director of the Company and as Chief Operating Officer of the Company, effective as of April 30, 2024. Mr. Pascal's decision to resign is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.
Appointment of Jennifer Jordan and Samuel Weinstein as Co-Chief Operating Officers of Ark Restaurants Corp.
On April 12, 2024, the Board of the Company appointed Jennifer Jordan and Samuel Weinstein as Co-Chief Operating Officers of the Company, effective as of April 30, 2024.
Jennifer Jordan, age 60, has worked for the Company for 40 years. Ms. Jordan started as a server in 1984 and has held various positions since then including bookkeeper, assistant manager, manager and general manager. She has also assisted with the opening of several properties over the course of her career at the Company. Since 2014, she has been the General Manager for a subsidiary of the Company that manages the food and beverage at the New Meadowlands Racetrack where she oversees all of the food and beverage operations. In addition, Ms. Jordan has served as Vice President of Operations for the Company and has spent the last 18 months overseeing the management transition of our Las Vegas operations including the renovations to the property in connection with the extension of our leases.
There are no arrangements or understandings between Ms. Jordan and any other person pursuant to which Ms. Jordan was promoted to Co-Chief Operating Officer of the Company. There are no family relationships between Ms. Jordan and any director or executive officer of the Company, and she has no indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Samuel Weinstein, age 30, has worked for the Company in varying capacities for the last 10 years. Since January 2019, Mr. Weinstein has worked on special projects including working with the executive team in identifying and integrating acquisitions. In addition, since May 2022, Mr. Weinstein has served as Vice President of Operations where he has spent the last 18 months overseeing the management transition of our Las Vegas operations including the renovations to the property in connection with the extension of our leases.
There are no arrangements or understandings between Mr. Weinstein and any other person pursuant to which Mr. Weinstein was promoted to Co-Chief Operating Officer of the Company. Samuel Weinstein is the son of Michael Weinstein, the Chairman of the Board and Chief Executive Officer of the Company. Mr. Weinstein has no indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.