Ark Restaurants Announces Temporary Closure of Certain Restaurants and the Holding of the Annual Shareholders Meeting Virtually
March 17 2020 - 4:30PM
Business Wire
Ark Restaurants Corp. (NASDAQ: ARKR) today announced, in light
of the rapid spread of the novel Coronavirus (COVID-19), as well as
state and local mandates, that the Company was required to
temporarily close its New York City, Washington, D.C., Connecticut,
New Jersey and Las Vegas operations as of March 16, 2020 until the
related governmental authorities allow us to reopen them. The
Coronavirus has caused unprecedented business interruptions,
especially in the hospitality industry, and Ark fully supports all
governmental actions to help stem the effects of the Coronavirus.
Our Florida and Alabama locations currently remain open for
business but it is likely they will be required to close as well.
While neither the length of time of the closures nor the extent of
the impact of the Coronavirus on our results of operations and
financial condition may be known for quite some time, we do expect
that there will be a material adverse effect.
Due to these extraordinary circumstances, and in accordance with
guidance from the staff of the Division of Corporate Financing and
the Division of Investment Management of the U.S. Securities and
Exchange Commission published March 13, 2020, our annual meeting of
shareholders, scheduled for March 19, 2020 at 10:00 a.m. ET at
Bryant Park Grill, 25 West 40th Street, New York, New York, will be
held virtually instead of in-person. Shareholders that desire to
attend virtually can utilize the following conference telephone
lines: Toll Free – 1-877-407-4018; Toll / International –
1-201-689-8471. Shareholders unable to attend at the designated
time may listen to a play back of the proceedings between 1:00 p.m.
ET on March 19, 2020 and 11:59 p.m. ET on March 26, 2020 by
utilizing the following telephone lines: Toll Free –
1-844-512-2921, Toll / International – 1-412-317-6671,
identification number – 13700624.
Ark Restaurants owns and operates 20 restaurants and bars, 17
fast food concepts and catering operations primarily in New York
City, Florida, Washington, D.C, Las Vegas, Nevada and the gulf
coast of Alabama. Five restaurants are located in New York City,
two are located in Washington, D.C., five are located in Las Vegas,
Nevada, three are located in Atlantic City, New Jersey, three are
located on the east coast of Florida and two are located on the
Gulf Coast of Alabama. The Las Vegas operations include four
restaurants within the New York-New York Hotel & Casino Resort
and operation of the hotel's room service, banquet facilities,
employee dining room and six food court concepts and one restaurant
within the Planet Hollywood Resort and Casino. In Atlantic City,
New Jersey, the Company operates a restaurant and a bar in the
Resorts Atlantic City Hotel and Casino and a restaurant in the
Tropicana Hotel and Casino. The operation at the Foxwoods Resort
Casino consists of one fast food concept. The Florida operations
include the Rustic Inn in Dania Beach, Shuckers in Jensen Beach and
JB’s on the Beach in Deerfield Beach, and the operation of four
fast food facilities in Tampa and six fast food facilities in
Hollywood, each at a Hard Rock Hotel and Casino operated by the
Seminole Indian Tribe at these locations. In Alabama, the Company
operates two Original Oyster Houses, one in Gulf Shores and one in
Spanish Fort.
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version on businesswire.com: https://www.businesswire.com/news/home/20200317005772/en/
Anthony J. Sirica (212) 206-8800
ajsirica@arkrestaurants.com
Ark Restaurants (NASDAQ:ARKR)
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