{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-25-014561","form_type":"8-K","ticker":"GTIM","cik":"0000825324","company_name":"Good Times Restaurants Inc.","filed_at":"2025-10-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.277552+00:00","generated_at":"2026-05-17T04:52:41.782863+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Good Times closes 2 Bad Daddy's units; lender relaxes leverage covenant to 5.65x","bullets":["Closure of Bad Daddy's in Roswell, GA and Broomfield, CO; lease terminations with $250k maximum EBITDA addback.","Consolidated Leverage Ratio covenant raised to 5.65:1 for quarters ending Sep 2025 through Mar 2026, then 5.25:1.","Restricted period through Dec 29, 2026 bans dividends, share repurchases, and other restricted payments.","EBITDA phased addbacks of $280k (Sep 2025), $210k (Dec 2025), $140k (Mar 2026), $70k (Jun 2026) from closures.","Applicable Rate fixed at 3.25% (SOFR) and 2.25% (Base) for fiscal quarters through Jun 2026, then performance-based."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-25-014561","json":"https://secwatch.observer/filing/0001214659-25-014561.json","markdown":"https://secwatch.observer/filing/0001214659-25-014561.md","text":"https://secwatch.observer/filing/0001214659-25-014561.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/825324/000121465925014561/0001214659-25-014561-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/825324/000121465925014561/u1022508k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:52:41.782863+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}