Name: Benihana National Corp.
Brand: Ghosts of Wall Street
SKU: 2699rd
Price: 19.0 USD
Availability: InStock

Benihana National Corp. Stock Certificate

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Product Details

Company	Benihana National Corp.
Certificate Type	Common Stock
Date Issued	July 7, 1988 (red) May 26, 1988 (blue)
Canceled	Yes
Printer	Security-Columbian / United States Bank Note Company
Signatures	Machine printned
Notable
Approximate Measurements	12" (w) by 8" (h)
Product Images	Show the exact certificate you will receive
Guaranteed Authentic	Yes

Tags

Historical Context

Benihana was founded in 1964 on West 56th Street in New York City by 25-year-old Hiroaki Aoki, the father of Steve Aoki and Devon Aoki.

Aoki, a wrestler who had qualified for but did not attend the 1960 Summer Olympics, started the restaurant with $10,000 (equivalent to $78,906 in 2017) earned from driving an ice cream truck in Harlem. The first restaurant, Benihana of Tokyo, was named for the red safflower that was the name for the coffee shop owned by his parents in Tokyo.

Aoki's concept was for the meals to be theatrically prepared by a knife-wielding, joke-telling chef at a teppanyaki table surrounded by a wooden eating surface in front of the guests (Teppan meaning "steel grill" or "griddle" and yaki meaning "grilled" or "broiled"). It did not do well until early 1965, when Clementine Paddleford of the New York Herald Tribune gave it a rave review. The Beatles and Muhammad Ali were among the celebrities who then descended on the four-table restaurant.

Within a year Aoki opened a bigger restaurant that featured samurai armour, heavy wooden ceiling beams, and sliding shōji screens to provide some privacy.

In 1968, it opened its first restaurant outside of New York City in Chicago.

In 1976, Aoki brought in consultant Hardwicke Companies (its founder Charles H. Stein was the original developer of Six Flags Great Adventure as well as operated various New York restaurants including Tavern on the Green) as a partner to run the company. In 1980, Aoki terminated the relationship and settled a U.S. Securities and Exchange Commission complaint of insider trading of Hardwicke stock.

In 1982, Benihana National Corporation went public with Joel Schwartz as president. Some of the restaurants continued to be privately owned by Aoki. The company had some missteps including the opening of the upscale Big Splash restaurant and a frozen food division Benihana National Classics. Its stock dived and shareholders sued over management including the fact that Aoki still had his privately held restaurants of the same name.

In 1995, the company acquired 17 restaurants from Benihana of Tokyo.

In 2004, the company issued a class of preferred stock to BFC Financial corporation to renovate its restaurants and expand. The stock diluted Aoki's control of the chain and the family sued, citing that Benihana had no compelling need for the cash, other forms of capital were available, and that the terms of the preferred stock issued to BFC were onerous. A member of the board of directors was also a director of BFC, a company that held controlling interests in BankAtlantic, Blue Green, and Levitt Homes. However, the Delaware Court of Chancery upheld the decision.

Aoki died in 2008 at the age of 69.

Benihana agreed in 2012 to be purchased by the private equity firm of Angelo Gordon & Company for $296 million.

Additional Information

Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!

All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.

FAQ

Are the certificates offered on your site genuine or reproductions?

All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.

Are the certificates you sell negotiable on any of today's stock markets or indexes?

No. All of the pieces we sell are either canceled or obsolete and have collectible value only.

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Can I return my purchase?

Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.

We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.