secwatch.observer — SEC 8-K summary
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Issuer:     Good Times Restaurants Inc. (GTIM)
CIK:        0000825324
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001214659-25-003572
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Good Times Restaurants adopts new cash bonus plan for CEO Ryan Zink covering FY2025-2027
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- CEO Ryan Zink's STI target $200k for FY2025; payout from 50% at 85% EBITDA target to 133% at 125%.
- TVLTI of $100k/year vests equally over 3 years; PVLTI $100k target/year with same EBITDA performance scale.
- Upon qualifying termination within 6 months after change of control, unvested incentives accelerate to target.
- Plan for three fiscal years (2025-2027); STI target for later years may be adjusted but not below $200k.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825324/000121465925003572/0001214659-25-003572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825324/000121465925003572/y2272518k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-25-003572

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