secwatch.observer — SEC 8-K summary
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Issuer:     Good Times Restaurants Inc. (GTIM)
CIK:        0000825324
Form:       8-K
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0001437749-24-019326
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Good Times Restaurants amends credit agreement to permit $445k stock repurchase from West entities
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- Entered Second Amendment to Credit Agreement with Cadence Bank to allow repurchase of equity interests up to $445,317.60.
- Repurchase from West Interests LLC and West Partners LP per stock repurchase agreements dated May 23, 2024.
- Amendment modifies Consolidated Fixed Charge Coverage Ratio to exclude this repurchase from restricted payments calculation.
- All representations and warranties reaffirmed; no default occurred as of amendment date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825324/000143774924019326/0001437749-24-019326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825324/000143774924019326/gtim20240605_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-019326

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