Jennifer Jordan

About Jennifer Jordan

Jennifer Jordan is Co-Chief Operating Officer of Ark Restaurants (ARKR), age 62, with 40 years at the company. She began in 1984 in front- and back-of-house roles, progressed to general management, and since 2014 has overseen food and beverage operations at the New Meadowlands Racetrack subsidiary; in the past 18 months she led the Las Vegas operations management transition and property renovations tied to lease extensions . She was appointed Co-COO effective April 30, 2024 and is part of the executive team featured in the company’s Q1 2025 earnings call . Company performance context during her tenure: Ark’s revenue has been roughly flat over FY 2021–2024 with EBITDA down from FY 2022 peaks; cumulative TSR on a $100 basis declined from $163.79 (FY 2022) to $79.61 (FY 2024), while net income swung from a $10.2M profit (FY 2022) to losses of $(5.4)M and $(3.7)M in FY 2023–2024 .

Past Roles

External Roles

• Not disclosed in company filings for Jennifer Jordan .

Fixed Compensation

Jennifer Jordan was not a Named Executive Officer (NEO) for FY 2023–2024; her base salary, target bonus, and cash compensation details are not disclosed in the Summary Compensation Table. The NEOs disclosed were Michael Weinstein (CEO), Anthony J. Sirica (President & CFO), Samuel Weinstein (Co-COO), and Vincent Pascal (former COO) .

Performance Compensation

• Equity award timing policy: the Compensation Committee approves executive equity grants; the company states it does not time grants around the release of material non-public information. In FY 2024, no NEO stock options were granted within four business days before and one day after filing any periodic report or 8-K with material MNPI .
• Specific RSU/PSU metrics, weightings, targets, and payouts for Jennifer Jordan are not disclosed .

Equity Ownership & Alignment

• Beneficial ownership table lists holdings for directors, CEO, certain NEOs, and the group aggregate; Jennifer Jordan is not individually listed. All directors and officers as a group (nine persons) beneficially owned 1,309,569 shares (35.66%) as of January 15, 2025 .
• Hedging and pledging: directors and executive officers are prohibited from short-selling, entering hedging transactions, or pledging Ark common stock, indicating stronger alignment and reduced counterparty risk for collateralized loans .
• Near-term option vesting among NEOs: multiple options vest 25% annually beginning in 2025 (e.g., CEO and CFO January 18, 2025 tranches), but no individual option grants are disclosed for Jennifer Jordan .

Employment Terms

• Appointment: the Board appointed Jennifer Jordan as Co-Chief Operating Officer effective April 30, 2024 .
• Arrangements and related parties: no arrangements or understandings led to her promotion; no family relationships; no related-party transactions requiring disclosure under Item 404(a) .
• Policies affecting executives: insider trading policy and hedging/pledging prohibitions apply; equity grant timing policy governed by the Compensation Committee .

Performance & Track Record

• Operational achievements: led Las Vegas operations management transition and property renovations to support lease extensions; long-term oversight of Meadowlands Racetrack F&B .

• Company performance backdrop:

  Metric	FY 2021	FY 2022	FY 2023	FY 2024
  Revenue ($USD)	$128.988M	$180.010M*	$180.820M	$179.110M
  EBITDA ($USD)	$9.027M*	$14.161M*	$9.470M*	$7.172M*

  Values retrieved from S&P Global. * denotes S&P Global values without document citations.

  Pay vs Performance Metrics	FY 2022	FY 2023	FY 2024
  Value of $100 Initial Investment (TSR)	$163.79	$139.08	$79.61
  Net Income (Loss) ($USD Millions)	$10.2	(5.4)	(3.7)

• Earnings call participation: Jennifer Jordan was on the Q1 2025 conference call alongside the CEO and CFO, underscoring her active operational leadership .

Compensation Committee Analysis

• Committee composition: Stephen Novick (Chair), Steven Shulman, and Marcia Allen (all independent) oversee executive compensation, employment and severance contracts, salary, award design, and bonuses; they can retain external advisors. The committee held one meeting during fiscal 2024 .
• Policy signals: prohibition on hedging/pledging; formal timing policy for equity grants; smaller reporting company disclosure of Item 402(v) “pay versus performance” for PEO and Non-PEO NEOs .

Investment Implications

• Alignment: Hedging and pledging prohibitions for executive officers reduce alignment risk and potential forced selling from collateral calls; however, Jennifer Jordan’s personal equity stake is not disclosed, limiting “skin-in-the-game” assessment .
• Retention: A 40-year tenure and operational breadth across openings, racetrack F&B, and Las Vegas transition indicate strong institutional knowledge and continuity. No employment agreement or severance/change-of-control terms are disclosed for her, leaving uncertainty around retention economics in potential transitions .
• Performance linkage: With revenue flat and EBITDA/net income under pressure since FY 2022 peaks, absence of disclosed incentive metrics specific to Jordan constrains pay-for-performance evaluation. Company-level TSR deterioration in FY 2024 underscores the need for operational improvements in high-rent markets and concession operations to reaccelerate profitability .
• Trading signals: No Form 4 activity for Jennifer Jordan is disclosed in proxies; insider selling pressure cannot be assessed without transaction data. Focus near term should be on monitoring future proxies for her inclusion as an NEO, any equity grants, and subsequent vesting schedules; plus 8-K disclosures on contract terms or performance-linked awards .