Benihana Class A shares are reclassified

Benihana shareholders approved a plan to reclassify the company’s Class A shares into common stock, ending a dispute at the company,

the

South Florida Business Journal

reported.

The vote is a rebuff to Benihana of Tokyo, which is controlled by the widow of Benihana founder Rocky Aoki. Keiko Ono Aoki had vigorously lobbied against the conversion.

The move was expected to dilute Benihana of Tokyo’s voting power to 12.1 percent from 26.8 percent.

Benihana’s managers were in favor of the conversion, the article said. (Source:

South Florida Business Journal,

Nov. 21, 2011.)