Is Benihana considered a well-known seasoned issuer as defined in Rule 405 of the Securities Act?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes 🗆 No 🗵
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the company indicates whether it is considered a well-known seasoned issuer as defined in Rule 405 of the Securities Act. The document provides a direct answer to this question via a check box.
Specifically, Item 22 of the FDD addresses contracts and includes a section where the registrant indicates whether it meets the criteria of a well-known seasoned issuer. For Benihana, the provided excerpt clearly marks whether the company identifies as such an issuer.
Based on the information provided in Item 22, prospective franchisees can readily determine Benihana's status as a well-known seasoned issuer, which is relevant for understanding the company's regulatory and financial reporting obligations.