Good Times Restaurants authorizes $5M share repurchase program starting Feb 7, 2022

Good Times Restaurants Inc.

Board authorized up to $5,000,000 of common stock repurchases beginning February 7, 2022.
Credit agreement with Cadence Bank amended to exempt share repurchases from restricted payments covenant.
CEO Ryan Zink cited confidence in both brands and growth opportunities, disciplined Bad Daddy's expansion.
Program does not obligate company to repurchase any specific amount; may be suspended or discontinued.

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