Good Times Restaurants Inc. — fact timeline

Good Times Restaurants Inc. reported the fiscal 2026 second quarter ended March 31, 2026 results: revenue $33.2 million, net income $0.1 million.

“Total Revenues for the quarter decreased 3.1% to $33.2 million compared to the fiscal 2025 second quarter · Same Store Sales 1 for Company-owned Bad Daddy’s restaurants decreased 0.8% and Good Times restaurants decreased 0.8% for the quarter compared to the fiscal 2025 second quarter and are -1.0% and -1.9% year-to-date for our Bad Daddy’s and Good Times brands, respectively. · Net Income Attributable to Common Shareholders was $0.1 million for the quarter”

Good Times Restaurants Inc. engaged Baker Tilly US, LLP as its auditor.

“the Audit Committee of the Company’s Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm”

Moss Adams LLP resigned as auditor of Good Times Restaurants Inc..

“estaurants Inc., (the "Company") was notified that Moss Adams LLP ("Moss Adams"), the Company's independent registered public accounting firm, merged with Baker Tilly US, LLP effective on June 3, 2025.”

Craig Soto was appointed as Director of Operations at Good Times Restaurants Inc..

“Mr. Craig Soto, who has been a Regional Manager with the Good Times brand and will serve in the newly created position of Director of Operations.”

Donald L. Stack resigned as Senior Vice President of Operations at Good Times Restaurants Inc..

“Donald L. Stack, Senior Vice President of Operations of the Good Times brand for Good Times Restaurants Inc. (the “Company”), informed the Company on February 14, 2025, of his resignation from the Company effective May 31, 2025.”

Sophia Rivka Rossi was appointed as independent non-employee Director at Good Times Restaurants Inc..

“On July 23, 2024, the Company announced it has appointed Ms. Sophia Rivka Rossi to the Company’s Board of Directors as an independent non-employee Director, effective immediately.”

Good Times Restaurants Inc. reported 2024 second fiscal quarter ended March 26, 2024 results: revenue $35.4 million, net income $0.6 million.

“Total Revenues for the quarter increased 1.9% to $35.4 million compared to the second quarter of fiscal 2023”

Good Times Restaurants Inc. reported financial results for second fiscal quarter ended March 26, 2024.

“On April 11, 2024, Good Times Restaurants Inc. issued a press release announcing same store sales for its second fiscal quarter ended March 26, 2024.”

Good Times Restaurants Inc. shareholders approved Ratification of Moss Adams LLP as the Company's independent registered public accounting firm for the fiscal year ending September 25, 2024 at the 2024-02-27 meeting.

“Proposal 3: To ratify the appointment of Moss Adams, LLP as the Company ’ s independent registered public accounting firm for the fiscal year ending September 25, 2024 For Against Abstain 8,833,673 10,561 82,866”

Good Times Restaurants Inc. shareholders approved Advisory vote on the compensation of the Company's named executive officers at the 2024-02-27 meeting.

“Proposal 2: To submit an advisory vote on the compensation of the Company ’ s named executive officers For Against Abstain Broker Non-Votes 4,834,146 160,257 21,587 3,911,110”

Good Times Restaurants Inc. shareholders approved Election of Directors at the 2024-02-27 meeting.

“Item 5.07 Submission of Matters to a Vote of Security Holders On February 27, 2024, Good Times Restaurants Inc. (the “Company”) held its 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”). The Company’s shareholders voted on three proposals: (1) to elect four directors of the Company to serve for the next year; (2) to submit an advisory vote on the compensation of the Company’s named executive officers; and (3) to ratify the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 25, 2024.”

Good Times Restaurants Inc. reported the 2024 first fiscal quarter ended December 26, 2023 results: revenue $33.1 million.

“for the 2024 first fiscal quarter ended December 26, 2023. Key highlights of the Company ’ s financial results include: ● Total Revenues for the quarter decreased 0.8% to $33.1 million compared to the first quarter of fiscal 2023 ● Total Restaurant Sales for Bad Daddy’s restaurants were $24.1 million for the quarter ● Same Store Sales 1 for company-owned Bad”

Good Times Restaurants Inc. reported financial results for first fiscal quarter ended December 26, 2023.

“On January 11, 2024, Good Times Restaurants Inc. issued a press release announcing same store sales for its first fiscal quarter ended December 26, 2023.”

Keri August was appointed as Senior Vice President of Finance and Accounting at Good Times Restaurants Inc..

“On January 2, 2024, the Company announced it has appointed Ms. Keri August as the Company’s Senior Vice President of Finance and Accounting.”

Good Times Restaurants Inc. reported the fourth fiscal quarter and year ended September 26, 2023 results: revenue Total Revenues decreased 0.1% to $138.1 million for the year, net income Net Loss Attributable to Common Shareholders was $0.3 million for the fourth quarter. Net Income Attributable to Common.

“Total Revenues decreased 0.1% to $138.1 million for the year compared to the 2022 fiscal year ● Total Restaurant Sales for company-owned Good Times restaurants increased $0.6 million to $9.5 million for the fourth quarter compared to the same prior year fourth quarter and increased $1.0 million to $35.0 million for the year compared to the 2022 fiscal year ● Same Store Sales for company-owned Good Times restaurants increased 2.4% for the fourth quarter compared to the prior year fourth quarter and increased 3.7% for the year compared to the 2022 fiscal year ● Total Restaurant Sales for Bad Daddy’s restaurants decreased $1.4 million to $24.6 million for the fourth quarter compared to the prior year fourth quarter and decreased $1.0 million to $102.2 million for the year compared to the 2022 fiscal year ● Same Store Sales 1 for company-owned Bad Daddy’s restaurants decreased 4.9% for the fourth quarter compared to the prior year fourth quarter and increased 0.1% for the year compared to”

Good Times Restaurants Inc. reported preliminary financial results for fourth fiscal quarter ended September 26, 2023.

“On October 19, 2023, Good Times Restaurants Inc. issued a press release announcing same store sales for its fourth fiscal quarter ended September 26, 2023.”

Good Times Restaurants Inc. reported third fiscal quarter ended June 27, 2023 results: revenue $35.6 million, net income $0.3 million.

“Total Revenues for the quarter decreased 2.4% to $35.6 million compared to fiscal 2022 third quarter”

Good Times Restaurants Inc. reported financial results for third fiscal quarter ended June 27, 2023.

“Good Times Restaurants Inc. (GTIM), operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard , today announced that same store sales 1 increased 2.2% for its Good Times brand and decreased 1.4% for its Bad Daddy’s brand, and that average weekly sales 2 were $31,073 and $52,081 for its Good Times and Bad Daddy’s brands, respectively, for its third fiscal quarter ended June 27, 2023.”

Geoffrey R. Bailey departed as Chairman of the Board of Directors at Good Times Restaurants Inc..

“Geoffrey R. Bailey, Chairman of the Board of Directors (the “Board”) of Good Times Restaurants Inc. (the “Company”) and Chairman of the Board’s Compensation Committee, informed the Company on May 29, 2023, of his intent to retire from the Board of Directors, effective September 7, 2023.”

Ryan M. Zink was appointed as interim Principal Financial Officer, principal financial officer and principal accounting officer at Good Times Restaurants Inc..

“Until a successor is named for Mr. Karnes, Mr. Ryan M. Zink, the Company’s Chief Executive Officer, will also serve as interim Principal Financial Officer including serving as the Company’s principal financial officer and principal accounting officer.”

Matthew Karnes resigned as Senior Vice President of Finance, principal financial officer and principal accounting officer at Good Times Restaurants Inc..

“Matthew Karnes, Senior Vice President of Finance of Good Times Restaurants Inc. (the “Company”), the Company’s principal financial officer and principal accounting officer, informed the Company on May 15, 2023, of his intent to resign from the Company, effective June 13, 2023, to pursue another opportunity.”

Good Times Restaurants Inc. reported second fiscal quarter ended March 28, 2023 results: revenue $34.8 million, net income $10.6 million.

“Key highlights of the Company’s financial results include: · Total Revenues for the quarter increased 3.5% to $34.8 million compared to fiscal 2022 second quarter · Total Restaurant Sales for Bad Daddy’s restaurants were $26.3 million for the quarter · Same Store Sales 1 for company-owned Bad Daddy’s restaurants increased 4.6% for the quarter · Total Restaurant Sales for Good Times restaurants were $8.2 million for the quarter · Same Store Sales for company-owned Good Times restaurants increased 7.6% for the quarter · Net Income Attributable to Common Shareholders was $10.6 million for the quarter, including a $10.0 million income tax benefit · Adjusted EBITDA 2 (a non-GAAP measure) for the quarter was $1.5 million · The Company ended the quarter with $5.4 million in cash and no long-term debt”

Good Times Restaurants Inc.: On April 20, 2023, the Board of Directors adopted amended and restated bylaws, effective immediately, which include provisions for remote meetings, modify delivery methods and time requirements for notices and special meetings, and make certain technical, modernizing and clarifying changes (effective 2023-04-20).

“On April 20, 2023, the Board of Directors of Good Times Restaurants Inc. (“ the Board ”) adopted amended and restated bylaws of the Company (the bylaws, as so amended and restated, the (“ Amended and Restated Bylaws ”), effective immediately. The Amended and Restated Bylaws, among other things, amend the Company’s prior bylaws as follows: • Include provisions for remote meetings • Modify the delivery methods, amount of time required for notice and required percent of ownership to call a special meeting of the Board • Modify the delivery method and amount of time required for notice of the annual meeting of shareholders • Modify the delivery method and amount of time required to raise new business or nominate directors for the annual meeting of shareholders • Certain other technical, modernizing and clarifying changes”

Good Times Restaurants Inc. incurred revolving credit of $8.0 million with Cadence Bank at differing interest rates based upon varying additions to the Federal Funds Rate, maturing April 20, 2028.

“The Senior Credit Facility provides for an $8.0 million senior revolving loan (the “Revolver”) and amends and restates the Company’s prior credit facility with Cadence in its entirety.”

Good Times Restaurants Inc. amended Amended and Restated Credit Agreement with Cadence Bank valued at $8.0 million (effective 2023-04-20).

“On April 20, 2023, Good Times Restaurants Inc. (the “Company”) and each of its wholly-owned subsidiaries, as guarantors (the “Subsidiary Guarantors”), entered into an Amended and Restated Credit Agreement (the “Senior Credit Facility”) with Cadence Bank, as administrative agent and sole lender (“Cadence”).”

Good Times Restaurants Inc. reported financial results for second fiscal quarter ended March 28, 2023.

“On April 6, 2023, Good Times Restaurants Inc. issued a press release announcing same store sales for its second fiscal quarter ended March 28, 2023.”

Good Times Restaurants Inc. shareholders approved To ratify the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 26, 2023 at the 2023-02-28 meeting.

“To ratify the appointment of Moss Adams, LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 26, 2023”

Good Times Restaurants Inc. shareholders approved Election of five directors to serve for the next year at the 2023-02-28 meeting.

“The shareholders elected all five director nominees”

Good Times Restaurants Inc. reported the first fiscal quarter ended December 27, 2022 results: revenue $33.4 million, net income $0.1 million.

“for the first fiscal quarter ended December 27, 2022. Key highlights of the Company’s financial results include: · Total Revenues for the quarter increased 1.5% to $33.4 million compared to fiscal 2022 first quarter · Total Restaurant Sales for Bad Daddy’s restaurants were $25.2 million for the quarter · Same Store Sales 1 for company-owned Bad Daddy’s”

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).

“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”

Good Times Restaurants Inc. reported financial results for first fiscal quarter ended December 27, 2022.

“On January 12, 2023, Good Times Restaurants Inc. issued a press release announcing same store sales for its first fiscal quarter ended December 27, 2022.”

Good Times Restaurants Inc. reported the fiscal year ended September 27, 2022 results: revenue $138.2 million, net income $2.6 million.

“Total Revenues increased 11.5% to $138.2 million for the year compared to the 2021 fiscal year”

Good Times Restaurants Inc. reported the fourth fiscal quarter ended September 27, 2022 results: net income $1.3 million.

“Net Loss Attributable to Common Shareholders was $1.3 million for the fourth quarter and was $2.6 million for the year”

Matthew Karnes was appointed as Senior Vice President of Finance at Good Times Restaurants Inc..

“the Company announced it has appointed Matthew Karnes as the Company’s Senior Vice President of Finance.”

Scott Lefever retired as Vice President of Operations at Good Times Restaurants Inc..

“Scott Lefever, the Company’s current Vice President of Operations will retire from the Company effective March 31, 2022.”

Donald L. Stack was appointed as Senior Vice President of Operations at Good Times Restaurants Inc..

“On February 3, 2022, the Company announced it will appoint Donald L. Stack as the Company’s Senior Vice President of Operations to replace Mr. Lefever.”

Scott G. LeFever retired as Vice President of Operations at Good Times Restaurants Inc..

“On December 10, 2021, Scott G. LeFever, the Good Times Drive Thru Inc. Vice President of Operations notified Good Times Restaurants, Inc. (the “Company”) of his decision to retire from the Company effective March 31, 2022.”

Ryan M. Zink changed role as interim Principal Financial Officer and Principal Accounting Officer at Good Times Restaurants Inc..

“Effective December 6, 2021, Ryan M. Zink, who is currently serving the Company’s President and Chief Executive Officer, has assumed the additional role of interim Principal Financial Officer and Principal Accounting Officer.”

Margaret Regalia resigned as Vice President of Finance (Principal Financial Officer and Principal Accounting Officer) at Good Times Restaurants Inc..

“Margaret Regalia, the Company’s Vice President of Finance (Principal Financial Officer and Principal Accounting Officer), Corporate Secretary and Treasurer notified Good Times Restaurants, Inc. (the “Company”) of her decision to resign from the Company effective December 17, 2021.”

Ryan M. Zink changed role as interim Principal Financial Officer and Principal Accounting Officer at Good Times Restaurants Inc..

“then, effective at such time, Ryan M. Zink, who is currently serving the Company’s President and Chief Executive Officer, will assume the additional role of interim Principal Financial Officer and Principal Accounting Officer.”

Margaret E. Regalia resigned as Vice President of Finance (Principal Financial Officer and Principal Accounting Officer) at Good Times Restaurants Inc..

“On October 25, 2021, Margaret E. Regalia, the Company’s Vice President of Finance (Principal Financial Officer and Principal Accounting Officer), Corporate Secretary and Treasurer notified Good Times Restaurants, Inc. (the “Company”) of her decision to resign from the Company effective December 17, 2021.”

Robert J. Stetson departed as Director at Good Times Restaurants Inc..

“Also on September 9, 2021, Robert J. Stetson notified the Company of his intention not to stand for re-election to the Company’s Board of Directors at the 2022 Annual Meeting of Shareholders (but will continue to serve as a director through the annual meeting).”

Ryan M. Zink was appointed as Director at Good Times Restaurants Inc..

“Effective September 9, 2021, Ryan M. Zink, the Company’s President and Chief Executive Officer, has been appointed to the Company’s Board of Directors.”