UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities
Exchange Act of 1934
(Amendment No. 1)*
ARK Restaurants
Corp.
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(Name of Issuer)
COMMON STOCK,
$.01 par value
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(Title of Class of Securities)
011591680
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(CUSIP Number)
Murray A. Indick
Prides Capital Partners, L.L.C.
200 High Street, Suite 700
Boston, MA 02110
(617) 778-9200
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 2, 2004
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(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 [ ].
*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. 011591680 SCHEDULE 13D
CUSIP NO.011591680 SCHEDULE 13D ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON
Prides Capital Partners, L.L.C. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 20-0654530 ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [] (b) [x] ----------------------------------------------------------------------- 3. SEC USE ONLY ----------------------------------------------------------------------- 4. SOURCE OF FUNDS* See Item 3 ----------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ----------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------- 7. SOLE VOTING POWER -0- ----------------------------------------------------------------------- 8. SHARED VOTING POWER 269,226** ----------------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 269,226** ----------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 269,226** ----------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ----------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.96% ----------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO ( Limited Liability Company) ----------------------------------------------------------------------- ** See Item 5 CUSIP NO.011591680 SCHEDULE 13D ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON
Kevin A. Richardson, II ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [] (b) [x] ----------------------------------------------------------------------- 3. SEC USE ONLY ----------------------------------------------------------------------- 4. SOURCE OF FUNDS* See Item 3 ----------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ----------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ----------------------------------------------------------------------- 7. SOLE VOTING POWER -0- ----------------------------------------------------------------------- 8. SHARED VOTING POWER 269,226** ----------------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 269,226** ----------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 269,226** ----------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ----------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.96%** ----------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ----------------------------------------------------------------------- ** See Item 5 CUSIP NO.011591680 SCHEDULE 13D ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON
Henry J. Lawlor, Jr. ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [] (b) [x] ----------------------------------------------------------------------- 3. SEC USE ONLY ----------------------------------------------------------------------- 4. SOURCE OF FUNDS* See Item 3 ----------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ----------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ----------------------------------------------------------------------- 7. SOLE VOTING POWER -0- ----------------------------------------------------------------------- 8. SHARED VOTING POWER 269,226** ----------------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 269,226** ----------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 269,226** ----------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ----------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.96%** ----------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ----------------------------------------------------------------------- ** See Item 5 CUSIP NO.011591680 SCHEDULE 13D ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON
Murray A. Indick ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] ----------------------------------------------------------------------- 3. SEC USE ONLY ----------------------------------------------------------------------- 4. SOURCE OF FUNDS* See Item 3 ----------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ----------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ----------------------------------------------------------------------- 7. SOLE VOTING POWER -0- ----------------------------------------------------------------------- 8. SHARED VOTING POWER 269,226** ----------------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 269,226** ----------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 269,226** ----------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ----------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.96%** ----------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ----------------------------------------------------------------------- ** See Item 5 CUSIP NO. 011591680 SCHEDULE 13D ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON
Charles E. McCarthy ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [] (b) [x] ----------------------------------------------------------------------- 3. SEC USE ONLY ----------------------------------------------------------------------- 4. SOURCE OF FUNDS* See Item 3 ----------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ----------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ----------------------------------------------------------------------- 7. SOLE VOTING POWER -0- ----------------------------------------------------------------------- 8. SHARED VOTING POWER 269,226** ----------------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 269,226** ----------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 269,226** ----------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ----------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.96%** ----------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ----------------------------------------------------------------------- ** See Item 5 CUSIP NO. 011591680 SCHEDULE 13D ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON
Christian Puscasiu ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [] (b) [x] ----------------------------------------------------------------------- 3. SEC USE ONLY ----------------------------------------------------------------------- 4. SOURCE OF FUNDS* See Item 3 ----------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ----------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ----------------------------------------------------------------------- 7. SOLE VOTING POWER -0- ----------------------------------------------------------------------- 8. SHARED VOTING POWER 269,226** ----------------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 269,226** ----------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 269,226** ----------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ----------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.96%** ----------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ----------------------------------------------------------------------- ** See Item 5
Item 1. Security and Issuer
This Amendment No. 1 amends the Statement on Schedule 13D (the "Schedule13D")
filed with the Securities and Exchange Commission (the"Commission") on July 7, 2004 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.
(a), (b) According to the Issuer's
10-q filed on May 11, 2004, there were 3,382,399 shares of Common Stock issued
and outstanding as of April 29, 2004. Based on such information, after taking
into account the transactions described in Item 5(c) below, the Reporting Persons
report beneficial ownership of 269,226 shares of Common Stock, representing
7.96% 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
acquisition reported in the Schedule 13D, the Reporting Persons purchased the
following shares of Common Stock in the open market:
Trade Date | Shares | Price | /Share | ||
|
|||||
07-23-04 | 500 | 23 | .80 | ||
07-29-04 | 10,610 | 24 | .55 | ||
07-30-04 | 19,390 | 24 | .71 | ||
08-02-04 | 11,000 | 23 | .69 | ||
08-03-04 | 35,500 | 25 | .16 | ||
08-05-04 | 12,400 | 25 | .05 |
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: August 9, 2004 | |
PRIDES CAPITAL PARTNERS, L.L.C. | |
By: Murray A. Indick | |
Managing Member | |
/s/ Murray A. Indick | /s/ Kevin A. Richardson, II |
Murray A. Indick | Murray A. Indick |
Attorney-in-Fact | |
/s/ Henry J. Lawlor, Jr. | /s/ Charles E. McCarthy |
Murray A. Indick | Murray A. Indick |
Attorney-in-Fact | Attorney-in-Fact |
/s/ Christian Puscasiu | |
Murray A. Indick | |
Attorney-in-Fact |
CUSIP NO.011591680 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: August 9, 2004 | |
PRIDES CAPITAL PARTNERS, L.L.C. | |
By: Murray A. Indick | |
Managing Member | |
/s/ Murray A. Indick | /s/ Kevin A. Richardson, II |
Murray A. Indick | Murray A. Indick |
Attorney-in-Fact | |
/s/ Henry J. Lawlor, Jr. | /s/ Charles E. McCarthy |
Murray A. Indick | Murray A. Indick |
Attorney-in-Fact | Attorney-in-Fact |
/s/ Christian Puscasiu | |
Murray A. Indick | |
Attorney-in-Fact |