ARK RESTAURANTS Business Summary

Ark Restaurants Corp. (ARKR) operates as a diversified hospitality entity, generating revenue primarily through transaction-based food and beverage sales and high-volume catering services across a portfolio of full-service restaurants, bars, and fast-food concepts. The company’s business segments are geographically concentrated in major metropolitan and resort hubs, including New York City, Las Vegas, Washington D.C., and the Florida coast, with a strategic emphasis on high-traffic destination venues and long-term partnerships within casino properties such as the New York-New York Hotel & Casino. As of February 2026, the firm is navigating significant lease litigation regarding its flagship Bryant Park Grill & Cafe, which historically contributes approximately 20% of total revenue. Ark Restaurants competes directly with multi-concept hospitality groups such as The ONE Group Hospitality, GEN Restaurant Group, Full House Resorts, and Meritage Hospitality Group, positioning itself as a small-cap niche player focused on iconic, high-yield locations rather than aggressive chain expansion. The company is led by founder Michael Weinstein, who has served as Chairman and Chief Executive Officer since Ark’s inception in 1983, bringing over four decades of experience in urban restaurant development. The executive leadership team includes Anthony J. Sirica, who serves as President, Chief Financial Officer, and Treasurer, and Vincent Pascal, the Senior Vice President and Chief Operating Officer. Operational oversight is further supported by Co-Chief Operating Officers Jennifer Jordan and Samuel Weinstein, the latter representing the next generation of leadership within the founding family. The company’s board of directors features seasoned industry veterans and independent members such as Bruce Lewin, Marcia Allen, and Jessica Kates. As of February 2026, Michael Weinstein remains the largest shareholder with a 26.32% stake, followed by significant private investor Thomas A. Satterfield Jr., who holds approximately 17.26% of the common stock.