Simplify the following text for a Grade 5 native English-speaking person.
Original: Weill Recital Hall , which seats 268 , is named for Sanford I. Weill , the chairman of Carnegie Hall 's board , and his wife , Joan .
Simplified: The Weill Recital Hall is a small concert hall seating just 268 people . Since 1986 it has been named after Sanford I. Weill , the chairman of Carnegie Hall 's board , and his wife , Joan .