5 unchanged sentences
Dividend Policy
−Removed: On November 8, 2023, February 6, 2024, and May 7, 2024, the Board of Directors of the Company (the "Board") declared quarterly cash dividends of $0.1875, $0.1875, and $0.1875, respectively, per share, which were paid on December 13, 2023, March 13, 2024, and June 12, 2024, respectively, to the stockholders of record of the Company's common stock at the close of business on November 30, 2023, February 29, 2024, and May 31, 2024, respectively.
+Added: On November 8, 2023, February 6, 2024, and May 7, 2024, the Board declared quarterly cash dividends of $0.1875, $0.1875, and $0.1875, respectively, per share, which were paid on December 13, 2023, March 13, 2024, and June 12, 2024, respectively, to the stockholders of record of the Company's common stock at the close of business on November 30, 2023, February 29, 2024, and May 31, 2024, respectively.
The Board has not declared any dividends since May 7, 2024.
3 unchanged sentences
Securities Authorized for Issuance under Equity Compensation Plans
−Removed: Prior to fiscal 2022, the Company had options outstanding under two stock option plans:
−Removed: the 2010 Stock Option Plan (the “2010 Plan”) and the 2016 Stock Option Plan (the “2016 Plan”).
−Removed: Options granted under both plans are exercisable at prices at least equal to the fair market value of such stock on the dates the options were granted and expire ten years after the date of grant.
−Removed: On March 15, 2022, the shareholders of the Company approved the Ark Restaurants Corp.
−Removed: 2022 Stock Option Plan (the "2022 Plan").
−Removed: Effective with this approval, the Company terminated the 2016 Plan along with the 63,750 authorized but unissued options under the 2016 Plan.
−Removed: Such termination did not affect any of the options previously issued and outstanding under the 2016 Plan, which remain outstanding in accordance with their terms.
−Removed: 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 ten years after the date of grant.
+Added: The Company has options outstanding under two stock option plans, the 2016 Stock Option Plan and the 2022 Stock Option Plan (the "2022 Plan").
+Added: Options granted under both plans are exercisable at prices at least equal to the fair market value of such stock on the dates the options were granted and expire 10 years after the date of grant.
On January 18, 2024, options to purchase 107,500 shares of common stock at an exercise price of $14.80 per share were granted to officers and directors of the Company under the 2022 Plan.
1 unchanged sentence
The grant date fair value of these stock options was $4.39 per share and totaled approximately $472,000.
−Removed: During the year ended September 28, 2023, no options to purchase shares of common stock were issued by the Company.
+Added: On December 2, 2024, options to purchase 10,000 shares of common stock at an exercise price of $9.99 per share were granted to an employee of the Company under the 2022 Plan.
+Added: Such options are exercisable as to 25% of the shares commencing on the first anniversary of the date of grant and as to an additional 25% on each yearly anniversary thereafter.
+Added: The grant date fair value of these stock options was $2.94 per share and totaled approximately $29,000.
The following is a summary of the securities issued and authorized for issuance under our Stock Option Plans at September 27, 2025:
21 unchanged sentences
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.