SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------------------------------------------------------------------- SCHEDULE 13G Information to be included in Statements filed pursuant to Rule 13d-1(b), (c) AND (d) -------------------------------------------------------------------------------- ARK RESTAURANTS CORPORATION (Name of Issuer) COMMON STOCK (Title of Class of Securities) 040712101 (CUSIP Number) February 24, 2004 (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) [x] Rule 13d-1(c) [ ] Rule 13d-1(d) (Continued on following pages) (Page 1 of 11 Pages) Page 2 of 11 -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bonanza Master Fund, Ltd. -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands, British West Indies -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 180,000 NUMBER OF --------------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY None. OWNED BY --------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING 180,000 PERSON WITH --------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER None. -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 180,000 -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.55% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON: OO -------------------------------------------------------------------------------- Page 3 of 11 -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bonanza Capital, Ltd. -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Texas -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 180,000 NUMBER OF --------------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY None. OWNED BY --------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING 180,000 PERSON WITH --------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER None. -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 180,000 -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.55% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON: PN -------------------------------------------------------------------------------- Page 4 of 11 -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bernay Box & Co., Inc. -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Texas -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 180,000 NUMBER OF --------------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY None. OWNED BY --------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING 180,000 PERSON WITH --------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER None. -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 180,000 -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.55% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON: CO -------------------------------------------------------------------------------- Page 5 of 11 -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bernay Box -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Texas -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 180,000 NUMBER OF --------------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY None. OWNED BY --------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING 180,000 PERSON WITH --------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER None. -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 180,000 -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.55% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON: IN -------------------------------------------------------------------------------- Item 1(a). Name of Issuer. Ark Restaurants Corporation ("ARKR") Item 1(b). Address of Issuer's Principal Executive Offices. 85 Fifth Avenue New York, NY 10003 Item 2(a). Names of Person Filing. (i) Bonanza Master Fund, Ltd. ("Master Fund") (ii) Bonanza Capital, Ltd. ("Fund Manager") (iii) Bernay Box & Co., Inc. ("General Partner") (iv) Bernay Box ("Box") Page 6 of 11 Item 2(b). Address of Principal Business Office, or if none, Residence. As to Master Fund: Walker House, PO Box 908GT Grand Cayman, Cayman Islands, BWI As to Fund Manager, General Partner and Box: 300 Crescent Court Suite 1740 Dallas, TX 75201 Item 2(c). Citizenship. As to Master Fund: Cayman Islands, British West Indies As to Fund Manager, General Partner and Box: Texas Item 2(d). Title of Class of Securities. Common Stock, par value $0.01 per share. Item 2(e). CUSIP Number. 040712101 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b), check whether the person filing is a: Not applicable. Item 4. Ownership. Bonanza Master Fund, Ltd. is a Cayman Corporation and acts as the investment vehicle. Bonanza Capital, Ltd. is a Texas Limited Partnership and the General Partner of Bonanza Master Fund, Ltd. Bernay Box & Co., Inc. is an S Corporation and the General Partner of Bonanza Capital, Ltd. Bernay Box owns 100% and is the President of Bernay Box & Co., Inc. As to Master Fund: (a) Amount beneficially owned by Master Fund are 180,000 shares of Common Stock of the Issuer. (b) Percent of Class: Master Fund beneficially holds 5.55% of the Issuer's issued and outstanding Common Stock (based on 3,242,299 shares of Common Stock of the Issuer issued and outstanding as of February 6, 2004 as stated in the Issuer's Form 10-Q for the fiscal quarter ending December 27, 2003). (c) Number of shares as to which such person has: (i) Sole power to direct the vote: 180,000 shares of common stock of the Issuer. (ii) Shared power to vote or to direct the vote: None. Page 7 of 11 (iii) Sole power to dispose or direct the disposition of the Common Stock: 180,000 shares of Common Stock of the Issuer. (iv) Shared power to dispose or direct the disposition of: None. As to Fund Manager: (a) Amount beneficially owned by Master Fund are 180,000 shares of Common Stock of the Issuer. (b) Percent of Class: Master Fund beneficially holds 5.55% of the Issuer's issued and outstanding Common Stock (based on 3,242,299 shares of Common Stock of the Issuer issued and outstanding as of February 6, 2004 as stated in the Issuer's Form 10-Q for the fiscal quarter ending December 27, 2003). (c) Number of shares as to which such person has: (i) Sole power to direct the vote: 180,000 shares of common stock of the Issuer. (ii) Shared power to vote or to direct the vote: None. (iii) Sole power to dispose or direct the disposition of the Common Stock: 180,000 shares of Common Stock of the Issuer. (iv) Shared power to dispose or direct the disposition of: None. As to General Partner: (a) Amount beneficially owned by General Partner are 180,000 shares of Common Stock of the Issuer. (b) Percent of Class: Master Fund beneficially holds 5.55% of the Issuer's issued and outstanding Common Stock (based on 3,242,299 shares of Common Stock of the Issuer issued and outstanding as of February 6, 2004 as stated in the Issuer's Form 10-Q for the fiscal quarter ending December 27, 2003). (c) Number of shares as to which such person has: (i) Sole power to direct the vote: 180,000 shares of common stock of the Issuer. (ii) Shared power to vote or to direct the vote: None. (iii) Sole power to dispose or direct the disposition of the Common Stock: 180,000 shares of Common Stock of the Issuer. (iv) Shared power to dispose or direct the disposition of: None. As to Box: (a) Amount beneficially owned by Box are 180,000 shares of Common Stock of the Issuer. (b) Percent of Class: Master Fund beneficially holds 5.55% of the Issuer's issued and outstanding Common Stock (based on 3,242,299 shares of Common Stock of the Issuer issued and outstanding as of February 6, 2004 as stated in the Issuer's Form 10-Q for the fiscal quarter ending December 27, 2003). (c) Number of shares as to which such person has: (i) Sole power to direct the vote: 180,000 shares of common stock of the Issuer. (ii) Shared power to vote or to direct the vote: None. Page 8 of 11 (iii) Sole power to dispose or direct the disposition of the Common Stock: 180,000 shares of Common Stock of the Issuer. (iv) Shared power to dispose or direct the disposition of: None. Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. 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 which could have that purpose or effect. Page 9 of 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. Date: March _____, 2004 BONANZA MASTER FUND, LTD., an exempted company incorporated in the Cayman Islands with limited liability By: /s/ Don Seymour ------------------ Name: Don Seymour Title: Director By: /s/ Aldo Ghisletta ------------------ Name: Aldo Ghisletta Title: Director BONANZA CAPITAL, LTD., a Texas limited partnership By: Bernay Box & Co., Inc., as General Partner By: /s/ Bernay Box ------------------ Name: Bernay Box Title: President Bernay Box & Co., Inc., a Texas corporation By: /s/ Bernay Box ------------------ Name: Bernay Box Title: President Bernay Box By: /s/ Bernay Box ------------------ Name: Bernay Box Page 10 of 11 Exhibit Index 99.1 Agreement of Joint Filing - Filed herewith