Ark Restaurants Announces Temporary Closure of Certain Restaurants and the Holding of the Annual Shareholders Meeting Virtually

Mar 18, 2020

Ark Restaurants Corp. (NASDAQ: ARKR) today announced, in light of the rapid spread of the novel Coronavirus (COVID-19), as well as state and local mandates, that the Company was required to temporarily close its New York City, Washington, D.C., Connecticut, New Jersey and Las Vegas operations as of March 16, 2020 until the related governmental authorities allow us to reopen them. The Coronavirus has caused unprecedented business interruptions, especially in the hospitality industry, and Ark fully supports all governmental actions to help stem the effects of the Coronavirus. Our Florida and Alabama locations currently remain open for business but it is likely they will be required to close as well. While neither the length of time of the closures nor the extent of the impact of the Coronavirus on our results of operations and financial condition may be known for quite some time, we do expect that there will be a material adverse effect.

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