SCHEDULE: Ark Restaurants: Satterfield Boosts Stake to 17.3%

Thomas A. Satterfield, Jr. has increased his beneficial ownership in Ark Restaurants Corp. to 17.3% of common stock, totaling 622,292 shares.

Summary

• Thomas A. Satterfield, Jr. beneficially owns 622,292 shares of Ark Restaurants Corp. common stock.
• This represents 17.3% of the company's outstanding common stock, based on 3,606,157 shares as of May 9, 2025.
• Satterfield holds sole voting power and sole dispositive power over 50,000 shares.
• He holds shared voting power and shared dispositive power over 572,292 shares.
• The shares are held through various entities and family members, including a jointly held account with his spouse, a controlled corporation (Tomsat Investment & Trading Co., Inc.), a fund he co-manages (Caldwell Mill Opportunity Fund), and a partnership he controls (A.G. Family L.P.).
• Satterfield also holds limited powers of attorney for voting and disposition over shares held by several family members and trusts.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership, indicating a significant but passive stake by an individual, with no explicit positive or negative implications for company operations or financial performance.

Positives

• A significant insider, Thomas A. Satterfield, Jr., maintains a substantial beneficial ownership stake of 17.3% in Ark Restaurants Corp., indicating continued confidence in the company.

Negatives

• NA

Risks

• Concentration of ownership with a single individual and related entities could potentially influence future corporate decisions, despite the filer's certification of no intent to change or influence control.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• 7,500 shares are held jointly with Rebecca S. Satterfield, Mr. Satterfield's spouse.
• 57,301 shares are held by Tomsat Investment & Trading Co., Inc., a corporation controlled by Mr. Satterfield.
• 225,000 shares are held by Caldwell Mill Opportunity Fund, which is managed by an entity where Mr. Satterfield owns a 50% interest and serves as Chief Investment Manager.
• 183,041 shares are held by A.G. Family L.P., a partnership managed by a general partner controlled by Mr. Satterfield.
• Mr. Satterfield has limited powers of attorney for voting and disposition purposes with respect to shares held by various family members and trusts, including Thomas A. Satterfield, Sr. (32,000 shares), Rebecca S. Satterfield (1,000 shares), Parker Satterfield (2,000 shares), Jeanette Satterfield Kaiser (27,000 shares), Richard W. Kaiser (11,000 shares), Parker Little Trust (1,450 shares), Lola Little Trust (500 shares), Henry Beck (6,000 shares), John and Angela Picton (7,000 shares), Christy Beard (2,500 shares), Pamela Beck (2,000 shares), Paula and Gene Colley (3,000 shares), and Glenna and Jesse Colley (4,000 shares).

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding a significant individual shareholder's stake, which could influence investor perception of insider confidence.

Key Dates

Keywords

Ark Restaurants Corp, Thomas A. Satterfield Jr., Schedule 13G, beneficial ownership, common stock, insider ownership, SEC filing