2 unchanged sentences
Our common stock, $0.01 par value, is traded on the NASDAQ Capital Market under the symbol “ARKR.”
−Removed: As of December 14, 2022 there were 29 holders of record of our common stock and approximately an additional 3,314 beneficial owners.
+Added: On December 11, 2023, there were approximately 29 holders of record of our common stock and the last reported sales price was $15.62.
+Added: A substantially greater number of holders of our common stock are “street name” or beneficial holders, whose shares are held by banks, brokers and other financial institutions.
Dividend Policy
−Removed: On May 11, 2022, August 10, 2022 and November 9, 2022, the Board of Directors (the "Board") of the Company declared quarterly cash dividends of $0.125 per share which were paid on June 13, 2022, September 13, 2022 and December 13, 2022 to the stockholders of record of each share of the Company's common stock at the close of business on May 31, 2022, August 31, 2022 and November 30, 2022.
−Removed: Future decisions to pay dividends, and the amount of any dividend, are at the discretion of the Board and will depend upon operating performance and other factors.
+Added: On November 9, 2022, February 9, 2023, May 9, 2023 and August 8, 2023, the Board of Directors of the Company (the "Board") declared quarterly cash dividends of $0.125, $0.125, $0.1875 and $0.1875, respectively, per share, which were paid on December 13, 2022, March 14, 2023, June 13, 2023 and September 13, 2023 to the stockholders of record of the Company's common stock at the close of business on November 30, 2022, February 28, 2023, May 31, 2023 and August 31, 2023.
+Added: Future decisions to pay or to increase or decrease dividends are at the discretion of the Board and will depend upon operating performance and other factors.
Purchases of Equity Securities by Issuer and Affiliated Purchases
9 unchanged sentences
Under the 2022 Plan, 500,000 options were authorized for future grant and are exercisable at prices at least equal to the fair market value of such stock on the dates the options were granted.
−Removed: The options expire 10 years after the date of grant.
+Added: The options expire ten years after the date of grant.
+Added: During the year ended September 30, 2023, no options to purchase shares of common stock were issued by the Company.
During the year ended October 1, 2022, options to purchase 22,500 shares of common stock at an exercise price of $17.80 per share were granted to employees and directors of the Company (the "2022 Grant").
1 unchanged sentence
The grant date fair value of these stock options was $4.53 per share and totaled approximately $102,000.
−Removed: During the year ended October 2, 2021, options to purchase 110,500 shares of common stock at an exercise price of $10.65 per share were granted to employees and directors of the Company (the "2021 Grant").
−Removed: Such options are exercisable as to 50% of the shares commencing on the second anniversary of the date of grant and as to 50% on the fourth anniversary of the date of grant.
−Removed: The grant date fair value of these stock options was $2.22 per share and totaled approximately $246,000.
−Removed: The following is a summary of the securities issued and authorized for issuance under our Stock Option Plans at October 1, 2022:
+Added: The following is a summary of the securities issued and authorized for issuance under our Stock Option Plans at September 30, 2023:
Plan Category (a) Number of
14 unchanged sentences
Total 471,250 $19.57 477,500
−Removed: Of the 544,125 options outstanding as of October 1, 2022, 173,125 were held by the Company’s officers and directors.
+Added: Of the 471,250 options outstanding as of September 30, 2023, 134,250 were held by the Company’s officers and directors.
(1) The Company has no equity compensation plans that were not approved by shareholders.
2 unchanged sentences
Stock Performance Graph
−Removed: The graph set forth below compares the yearly percentage change in cumulative total shareholder return on the Company’s common stock for the five-year period commencing September 30, 2017 and ending October 1, 2022 against the cumulative total return on the NASDAQ Market Index and a peer group comprised of those public companies whose business activities fall within the same standard industrial classification code as the Company.
+Added: The graph set forth below compares the yearly percentage change in cumulative total shareholder return on the Company’s common stock for the five-year period commencing September 30, 2018 and ending September 30, 2023 against the cumulative total return on the NASDAQ Market Index and a peer group comprised of those public companies whose business activities fall within the same standard industrial classification code as the Company.
This graph assumes a $100 investment in the Company’s common stock and in each index on September 30, 2018 and that all dividends paid by companies included in each index were reinvested.
5 unchanged sentences
SIC Code 5812 - Eating & Drinking Places 100.00 123.91 128.67 157.26 140.14 164.87
−Removed: Selected Consolidated Financial Data
Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.