8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

September 9, 2021

good times restaurants inc.

(Exact name of registrant as specified in its charter)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Effective September 9, 2021, Ryan M. Zink, the Company’s President and Chief Executive Officer, has been appointed to the Company’s Board of Directors. Mr. Zink will not receive additional compensation in his role as director.

There are no arrangements or understandings between Mr. Zink and any other persons pursuant to which he was selected as a director. Mr. Zink has no family relationships with any of the Company’s directors or executive officers, and there are no transactions and no proposed transactions between Mr. Zink and the Company that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K. Additionally, there have been no changes to Mr. Zink’s compensatory plans or arrangements in connection with his appointment described herein.

Also on September 9, 2021, Robert J. Stetson notified the Company of his intention not to stand for re-election to the Company’s Board of Directors at the 2022 Annual Meeting of Shareholders (but will continue to serve as a director through the annual meeting). Mr. Stetson’s decision not to seek re-election is not a result of any disagreement with the Company or its management.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	GOOD TIMES RESTAURANTS INC.
Date:  September 14, 2021	By:
		Ryan M. Zink
		President and Chief Executive Officer

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Exhibit 99.1

FOR IMMEDIATE RELEASE

Good Times Restaurants Appoints Ryan M. Zinkto the Board of Directors

(Golden, CO) September 14, 2021 – Good Times Restaurants Inc. (GTIM) (the “Company”), operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, today announced the appointment of Ryan M. Zink, the Company’s President and Chief Executive Officer, to the Board of Directors, expanding its Board of Directors from four to five members.

“As we continue to build on improving results, developing our brands and gaining an edge on consumer needs in a post-pandemic environment, Ryan’s appointment tics every box to bring these initiatives into reality,” said Geoff Bailey, Chairman of the Board. “Ryan offers a consumer-focused perspective in addition to his operations and finance knowledge, and we believe his experience and wise guidance through the turbulent events of the COVID-19 pandemic is evident in the Company’s improved operating results, making our decision to appoint him an obvious one.”

Ryan M. Zink has served as the Company’s President and Chief Executive Officer since April 2020. Prior to his appointment as Chief Executive Officer, Mr. Zink was the Company’s Acting Chief Executive Officer, a position he held beginning in October 2019 concurrently with his roles as the Company’s Chief Financial Officer and Treasurer, which he was initially appointed to in July 2017. Previously, Ryan held positions with INVISTA, a wholly-owned subsidiary of Koch Industries Inc., including as its Corporate Finance Director. Additionally, he served in various capacities with F&H Acquisition Corp., parent of the Fox and Hound, and Champps restaurant brands, including Senior Vice President of Finance, and as Chief Operating Officer for its Champps concept.

About Good Times Restaurants Inc.: Good Times Restaurants Inc. owns, operates, franchises and licenses 41 Bad Daddy’s Burger Bar restaurants through its wholly-owned subsidiaries. Bad Daddy’s Burger Bar is a full-service “small box” restaurant concept featuring a chef-driven menu of gourmet signature burgers, chopped salads, appetizers and sandwiches with a full bar and a focus on a selection of local and craft beers in a high-energy atmosphere that appeals to a broad consumer base. Additionally, Good Times Restaurants Inc. operates and franchises a regional quick-service drive-thru restaurant chain consisting of 32 Good Times Burgers & Frozen Custard restaurants located primarily in Colorado.

Forward-Looking Information

Certain statements and information included in this press release constitute "forward-looking statements." Such forward-looking statements include statements that look forward in time or express management’s beliefs, expectations or hopes. In particular, such statements include, without limitation, our belief regarding the benefits of the tender offer and its anticipated timing and funding. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements.

These risks include material changes in our stock price and/or in market conditions in general, as well as risks impacting our business in general, such as the disruption to our business from the novel coronavirus (COVID-19) pandemic and the impact of the pandemic on our results of operations, financial condition and prospects, which may vary depending on the duration and extent of the pandemic and the impact of federal, state and local governmental actions and customer behavior in response to the pandemic, the impact and duration of staffing constraints at our restaurants, the uncertain nature of current restaurant development plans and the ability to implement those plans and integrate new restaurants, delays in developing and opening new restaurants because of weather, local permitting or other reasons, increased competition, cost increases or shortages in raw food products, and other matters discussed under the Risk Factors section of Good Times’ Annual Report on Form 10-K for the fiscal year ended September 29, 2020 filed with the SEC, and other filings with the SEC. Good Times disclaims any obligation or duty to update or modify these forward-looking statements.

Good Times Restaurants Inc CONTACTS:

Ryan M. Zink, President and Chief Executive Officer (303) 384-1411

Christi Pennington (303) 384-1440

Category: Financial