secwatch.observer — SEC 8-K summary
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Issuer:     Good Times Restaurants Inc. (GTIM)
CIK:        0000825324
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001214659-22-003719
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825324/000121465922003719/0001214659-22-003719-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825324/000121465922003719/g372218k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-22-003719

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