Which exhibit contains the certification of Emanuel Hilario, Chief Executive Officer, pursuant to Section 302 of the Sarbanes – Oxley Act of 2002 for Benihana?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| Exhibit Number | Exhibit Description |
|---|---|
| 31.1* | Certification of Emanuel Hilario, Chief Executive Officer, pursuant to Section 302 of the Sarbanes – Oxley Act of 2002. |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the certification of Emanuel Hilario, Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, is found in Exhibit 31.1.
This exhibit is important because it signifies that the CEO has certified the accuracy and completeness of the financial statements and disclosures made by Benihana. This certification is a legal requirement under the Sarbanes-Oxley Act, aimed at ensuring corporate accountability and protecting investors.
For a potential Benihana franchisee, this indicates that the company's leadership is taking responsibility for the financial reporting, which can provide a level of confidence in the financial information presented in the FDD and other company documents. It's a standard practice for publicly held companies to comply with these regulations, and Benihana's adherence reflects its commitment to transparency and regulatory compliance.