secwatch.observer — SEC 8-K summary
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Issuer:     Good Times Restaurants Inc. (GTIM)
CIK:        0000825324
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0001214659-22-001801
Event type: other
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 8.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825324/000121465922001801/0001214659-22-001801-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825324/000121465922001801/c1312248k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-22-001801

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer