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ARK RESTAURANTS CORP — Major Shareholding Notification 2005
Jul 15, 2005
34844_mrq_2005-07-15_01a42610-5c14-4b4a-a470-197cfa91f87a.zip
Major Shareholding Notification
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SC 13D/A 1 mccarthy071505.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 5)
Under the Securities Exchange Act of 1934
Ark Restaurants Corp.
(Name of Issuer)
COMMON STOCK, $.01 par value
(Title of Class of Securities)
040712101
(CUSIP Number)
Murray A. Indick
Prides Capital Partners, L.L.C.
200 High Street, Suite 700
Boston, MA 02110
(617) 778-9200
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 12, 2005
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box o .
*The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP NO. 040712101 SCHEDULE 13D
- NAME OF REPORTING PERSON
Prides Capital Partners, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
20-0654530
- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) []
(b) x
- SEC USE ONLY
- SOURCE OF FUNDS*
See Item 3
- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
o
| 6. CITIZENSHIP OR PLACE OF ORGANIZATION |
|---|
| Delaware |
- SOLE VOTING POWER
-0-
| 8. SHARED VOTING POWER |
|---|
| 515,233** |
- SOLE DISPOSITIVE POWER
-0-
| 10. SHARED DISPOSITIVE POWER |
|---|
| 515,233** |
| 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|---|
| 515,233** |
- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES o
| 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|---|
| 14.91%** |
- TYPE OF REPORTING PERSON
OO ( Limited Liability Company)
** See Item 5
CUSIP NO. 040712101 SCHEDULE 13D
- NAME OF REPORTING PERSON
Kevin A. Richardson, II
- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) []
(b) x
- SEC USE ONLY
- SOURCE OF FUNDS*
See Item 3
- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
o
- CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- SOLE VOTING POWER
-0-
| 8. SHARED VOTING POWER |
|---|
| 515,233** |
- SOLE DISPOSITIVE POWER
-0-
| 10. SHARED DISPOSITIVE POWER |
|---|
| 515,233** |
| 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|---|
| 515,233** |
- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES o
| 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|---|
| 14.91%** |
- TYPE OF REPORTING PERSON
IN
** See Item 5
CUSIP NO. 040712101 SCHEDULE 13D
- NAME OF REPORTING PERSON
Henry J. Lawlor, Jr.
- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) []
(b) x
- SEC USE ONLY
- SOURCE OF FUNDS*
See Item 3
- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
o
| 6. CITIZENSHIP OR PLACE OF ORGANIZATION |
|---|
| USA |
- SOLE VOTING POWER
-0-
| 8. SHARED VOTING POWER |
|---|
| 515,233** |
- SOLE DISPOSITIVE POWER
-0-
| 10. SHARED DISPOSITIVE POWER |
|---|
| 515,233** |
| 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|---|
| 515,233** |
- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES o
| 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|---|
| 14.91%** |
- TYPE OF REPORTING PERSON
IN
** See Item 5
CUSIP NO. 040712101 SCHEDULE 13D
- NAME OF REPORTING PERSON
Murray A. Indick
- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) []
(b) x
- SEC USE ONLY
- SOURCE OF FUNDS*
See Item 3
- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
o
| 6. CITIZENSHIP OR PLACE OF ORGANIZATION |
|---|
| USA |
- SOLE VOTING POWER
-0-
| 8. SHARED VOTING POWER |
|---|
| 515,233** |
- SOLE DISPOSITIVE POWER
-0-
| 10. SHARED DISPOSITIVE POWER |
|---|
| 515,233** |
| 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|---|
| 515,233** |
- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES o
| 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|---|
| 14.91%** |
- TYPE OF REPORTING PERSON
IN
** See Item 5
CUSIP NO. 040712101 SCHEDULE 13D
- NAME OF REPORTING PERSON
Charles E. McCarthy
- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) []
(b) x
- SEC USE ONLY
- SOURCE OF FUNDS*
See Item 3
- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
o
| 6. CITIZENSHIP OR PLACE OF ORGANIZATION |
|---|
| USA |
- SOLE VOTING POWER
-0-
| 8. SHARED VOTING POWER |
|---|
| 515,233** |
- SOLE DISPOSITIVE POWER
-0-
| 10. SHARED DISPOSITIVE POWER |
|---|
| 515,233** |
| 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|---|
| 515,233** |
- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES o
| 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|---|
| 14.91%** |
- TYPE OF REPORTING PERSON
IN
** See Item 5
CUSIP NO. 040712101 SCHEDULE 13D
- NAME OF REPORTING PERSON
Christian Puscasiu
- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) []
(b) x
- SEC USE ONLY
- SOURCE OF FUNDS*
See Item 3
- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) o
| 6. CITIZENSHIP OR PLACE OF ORGANIZATION |
|---|
| USA |
- SOLE VOTING POWER
-0-
| 8. SHARED VOTING POWER |
|---|
| 515,233** |
- SOLE DISPOSITIVE POWER
-0-
| 10. SHARED DISPOSITIVE POWER |
|---|
| 515,233** |
| 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|---|
| 515,233** |
- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES o
| 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|---|
| 14.91%** |
- TYPE OF REPORTING PERSON
IN
** See Item 5
CUSIP NO. 040712101 SCHEDULE 13D
Item 1. Security and Issuer
This Amendment No. 5 amends the Statement on Schedule 13D (the Schedule 13D) filed with the Securities and Exchange Commission (the Commission) on June 21, 2005 by Prides Capital Partners, L.L.C. a Delaware limited liability company, Kevin A. Richardson, II, Henry J. Lawlor, Jr., Murray A. Indick, Charles E. McCarthy and Christian Puscasiu. This amendment to the Schedule 13D relates to the shares of Common Stock, $.01 par value (the Common Stock) of Ark Restaurants Corp., a New York corporation (the Issuer). The principal executive office and mailing address of the Issuer is 85 Fifth Avenue, New York, NY 10003 (the Issuer). The following amendments to the Schedule 13D are hereby made. Unless otherwise defined herein, all capitalized terms shall have the meanings ascribed to them in the Schedule 13D.
Item 5. Interest in Securities of the Issuer
(a), (b) According to the Issuers 10-Q filed on May 17, 2005, there were 3,456,549 shares of Common Stock issued and outstanding as of April 2, 2005. Based on such information, after taking into account the transactions described in Item 5(c) below, the Reporting Persons report beneficial ownership of 515,233 shares of Common Stock, representing 14.91% of the shares outstanding, held by Prides Capital Partners, L.L.C. Voting and investment power concerning the above shares are held solely by Prides Capital Partners, L.L.C.
Although Kevin A. Richardson, II, Henry J. Lawlor, Jr., Murray A. Indick, Charles E. McCarthy and Christian Puscasiu are joining in this Amendment as Reporting Persons, the filing of this Amendment shall not be construed as an admission that any of them are, for any purpose, the beneficial owner of any of the securities that are beneficially owned by Prides Capital Partners, L.L.C.
c) Since the date of the last purchases reported on Schedule 13D, the Reporting Persons have made the following purchases in the open market:
| Trade
Date | Shares | Price/Share |
| --- | --- | --- |
| 06-28-05 | 30,000 | 28.05 |
| 07-08-05 | 4,000 | 28.03 |
| 07-12-05 | 6,900 | 28.13 |
| 07-13-05 | 2,900 | 28.68 |
| 07-14-05 | 1,100 | 29.18 |
CUSIP NO. 040712101 SCHEDULE 13D
Item 7. Material to be Filed as Exhibits
Exhibit A Joint Filing Undertaking.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: July 15, 2005
Prides Capital Partners, L.L.C.
By: /s/ Murray A. Indick
Murray A. Indick
Managing Member
Kevin A. Richardson, II
| /s/ Murray A. Indick | |
|---|---|
| ------------------------ | ------------------------ |
| Murray A. Indick | Murray A. Indick |
| Attorney-in-Fact |
Henry J. Lawlor, Jr. Charles E. McCarthy
| By: | /s/ Murray A. Indick |
|---|---|
| ------------------------ | ------------------------ |
| Murray A. Indick | By: Murray A. Indick |
| Attorney-in-Fact | Attorney-in-Fact |
Christian Puscasiu
| By: |
|---|
| ------------------------ |
| Murray A. Indick |
| Attorney-in-Fact |
CUSIP NO. 040712101 SCHEDULE 13D
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13D to evidence the agreement of the below-named parties, in accordance with the rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule jointly on behalf of each such party.
Dated: July 15, 2005
Prides Capital Partners, L.L.C.
By: /s/ Murray A. Indick
Murray A. Indick
Managing Member
Kevin A. Richardson, II
| /s/ Murray A. Indick | |
|---|---|
| ------------------------ | ------------------------ |
| Murray A. Indick | Murray A. Indick |
| Attorney-in-Fact |
Henry J. Lawlor, Jr. Charles E. McCarthy
| By: | /s/ Murray A. Indick |
|---|---|
| ------------------------ | ------------------------ |
| Murray A. Indick | By: Murray A. Indick |
| Attorney-in-Fact | Attorney-in-Fact |
Christian Puscasiu
| By: |
|---|
| ------------------------ |
| Murray A. Indick |
| Attorney-in-Fact |