{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-23-001237","form_type":"8-K","ticker":"GTIM","cik":"0000825324","company_name":"Good Times Restaurants Inc.","filed_at":"2023-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.195274+00:00","generated_at":"2026-06-20T06:54:27.152621+00:00","sec_items":["1.01","2.01","2.03","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Good Times Restaurants acquires remaining interests in five Bad Daddy's Burger Bar joint ventures for $4.4M","bullets":["Aggregate cash purchase price of $4,394,205 funded from cash reserves; five locations in NC and SC now wholly-owned.","Credit facility amended to extend maturity to April 30, 2023 and consent to acquisition; no outstanding borrowings under facility.","Amendment provides EBITDA credit for ~$850,000 of full-year EBITDA previously allocated to non-controlling members.","VP of Operations Jim Abbott, a seller, received ~$523,000 of the aggregate proceeds.","Acquisition consolidates ownership of all traditional Bad Daddy's locations under Good Times Restaurants."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-23-001237","json":"https://secwatch.observer/filing/0001214659-23-001237.json","markdown":"https://secwatch.observer/filing/0001214659-23-001237.md","text":"https://secwatch.observer/filing/0001214659-23-001237.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/825324/000121465923001237/0001214659-23-001237-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/825324/000121465923001237/d1272318k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T06:54:27.152621+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"81d1ee4c05fc650aa918f697de3900f6d7e41f02","claim":"Good Times Restaurants Inc. completed an acquisition involving Thompson Family Associates, RFM Ventures, LLC, Richard Miller, Vicki T. Ponce, Covington DeRamus, ACR Capital Ventures, LLC, Bill Duke, Jim Verney and Jim Abbott for $4,394,205.00 (closed 2023-01-25).","evidence_excerpt":"equity interests of the Joint Ventures such that each Joint Venture became a wholly-owned subsidiary of the Company. The aggregate cash purchase price paid to the Sellers was $4,394,205.00. Mr. Abbott serves as BDI’s Vice President of Operations and, as one of the Sellers, received approximately $523,000 of the aggregate proceeds as consideration for the portion of","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/825324/000121465923001237/0001214659-23-001237-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Thompson Family Associates, RFM Ventures, LLC, Richard Miller, Vicki T. Ponce, Covington DeRamus, ACR Capital Ventures, LLC, Bill Duke, Jim Verney and Jim Abbott"},{"label":"Consideration","value":"$4,394,205.00"},{"label":"Closing","value":"2023-01-25"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}