ARKR Ark Restaurants Corporation

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2

(Amendment No. 7)*

Ark Restaurants Corp.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

040712101

(CUSIP Number)

June 2, 2022

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

The information required in 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).

SCHEDULE 13G

Item 1.

Ark Restaurants Corp.

85 Fifth Avenue

New York, New York 10003

Item 2.

Thomas A. Satterfield, Jr.

Thomas A. Satterfield, Jr.

15 Colley Cove Drive

Gulf Breeze, Florida 32561

Incorporated by reference from Item 4 of the Cover Page.

Incorporated by reference from the Cover Page.

Incorporated by reference from the Cover Page.

Not Applicable.

Incorporated by reference from Item 9 of the Cover Page.

Incorporated by reference from Item 11 of the Cover Page.

Incorporated by reference from Item 5 of the Cover Page.

Incorporated by reference from Item 6 of the Cover Page.

Incorporated by reference from Item 7 of the Cover Page.

Incorporated by reference from Item 8 of the Cover Page.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following  ☐.

With respect to the beneficial ownership reported for Thomas A. Satterfield, Jr., 24,500 shares are held directly by Mr. Satterfield; 7,000 shares are held jointly with Rebecca S. Satterfield, Mr. Satterfield’s spouse; 28,500 shares are held by Tomsat Investment & Trading Co., Inc., a corporation controlled by Mr. Satterfield and of which he serves as President; 135,382 shares are held by Caldwell Mill Opportunity Fund, which fund is managed by an entity of which Mr. Satterfield owns a 50% interest and serves as Chief Investment Manager; and 121,000 shares are held by A.G. Family L.P., a partnership managed by a general partner controlled by Mr. Satterfield.

Additionally, Mr. Satterfield has limited powers of attorney for voting and disposition purposes with respect to the following shares: Thomas A. Satterfield, Sr. (15,000 shares); David A. Satterfield (4,111 shares); Parker Satterfield (600 shares); Jeanette Satterfield Kaiser (19,000 shares); Richard W. Kaiser (8,000 shares); Rita Phifer (5,000 shares); Parker Little Trust (1,450 shares); Lola Little Trust (500 shares); Henry Beck (2,500 shares); John and Angela Picton (4,000); Christy Beard (1,868); Pamela Beck (1,500); and Paula and Gene Colley (1,634). These individuals and entities have the right to receive or the power to direct the receipt of the proceeds from the sale of their respective shares.

Not Applicable.

Not Applicable.

Not Applicable.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.