---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-22-003719"
form_type: "8-K"
ticker: "GTIM"
cik: "0000825324"
company_name: "Good Times Restaurants Inc."
filed_at: "2022-03-08T23:59:59+00:00"
generated_at: "2026-06-27T00:57:03.249681+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Good Times Restaurants names Matthew Karnes SVP of Finance; grants 50,000 stock options

## Summary
- Matthew Karnes, 40, appointed SVP of Finance to oversee all finance; previously COO/CFO of Denver Economic Development.
- Initial inducement option for 25,000 shares, 3-year graded vesting, exercise price = closing price on grant date.
- Additional option for 25,000 shares at exercise price ≥ $5.00, vests when GTIM stock hits $7.50 (60-day VWAP).
- Options granted under Nasdaq Rule 5635(c)(4) as inducement material to accepting employment.

## SEC filing metadata
- accession: 0001214659-22-003719
- form_type: 8-K
- ticker: GTIM
- cik: 0000825324
- company_name: Good Times Restaurants Inc.
- filed_at: 2022-03-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/825324/000121465922003719/0001214659-22-003719-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/825324/000121465922003719/g372218k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-22-003719
- JSON: https://secwatch.observer/filing/0001214659-22-003719.json
- Plain text: https://secwatch.observer/filing/0001214659-22-003719.txt

## Key facts
- Executive change
  Matthew Karnes was appointed as Senior Vice President of Finance at Good Times Restaurants Inc..
  - Action: appointed
  - Role: Senior Vice President of Finance
  source text: the Company announced it has appointed Matthew Karnes as the Company’s Senior Vice President of Finance.
  evidence_url: https://www.sec.gov/Archives/edgar/data/825324/000121465922003719/0001214659-22-003719-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.