0001214659-15-007661.txt : 20151112 0001214659-15-007661.hdr.sgml : 20151112 20151112080016 ACCESSION NUMBER: 0001214659-15-007661 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20151112 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20151112 DATE AS OF CHANGE: 20151112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GOOD TIMES RESTAURANTS INC CENTRAL INDEX KEY: 0000825324 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 841133368 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18590 FILM NUMBER: 151221512 BUSINESS ADDRESS: STREET 1: 601 CORPORATE CIRCLE CITY: GOLDEN STATE: CO ZIP: 80401 BUSINESS PHONE: 3033841400 MAIL ADDRESS: STREET 1: 601 CORPORATE CIRCLE CITY: GOLDEN STATE: CO ZIP: 80401 FORMER COMPANY: FORMER CONFORMED NAME: PARAMOUNT VENTURES INC DATE OF NAME CHANGE: 19900205 8-K 1 g11111508k.htm g11111508k.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported)
November 12, 2015
 
Good Times Restaurants Inc.
(Exact name of registrant as specified in its charter)
 
 
Nevada
000-18590
84-1133368
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
 
141 Union Boulevard, #400, Lakewood, CO 80228
(Address of principal executive offices)   (Zip Code)
 
Registrant’s telephone number, including area code: (303) 384-1400
 
Not applicable
(Former name or former address, if changed since last report.)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



 
 

 

Item 2.02              Results of Operations and Financial Condition.
 
On November 12, 2015 Good Times Restaurants Inc. issued a press release announcing revenues for its fourth fiscal quarter and fiscal year ended September 30, 2015.
 
Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.  The following exhibits are filed as part of this report.

Exhibit Number
Description
   
99.1
Press Release, dated November 12, 2015

 
2

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
GOOD TIMES RESTAURANTS INC.
 
     
       
Date: November 12, 2015
By:
/s/ Boyd E. Hoback
 
   
Boyd E. Hoback
 
   
President and Chief Executive Officer
 
 
 
 

EX-99.1 2 ex99_1.htm EXHIBIT 99.1 ex99_1.htm
Exhibit 99.1
 
 
 
FOR IMMEDIATE RELEASE
 
November 12, 2015
Nasdaq Capital Markets - GTIM
 
GOOD TIMES REPORTS Q4 & FISCAL YEAR REVENUES
5 New Bad Daddy’s on Schedule for Opening
Earnings Release Slated for December 8, 2015
 
(DENVER, CO) Good Times Restaurants Inc. (GTIM), operator of Good Times Burgers & Frozen Custard, a regional quick-service restaurant chain focused on fresh, high quality, all natural products and of Bad Daddy’s Burger Bar, a full service, upscale concept, today announced that its total revenues for its fourth fiscal 2015 quarter were $14,551,000 and were $44,058,000 for the fiscal year ended September 30, 2015.
 
Revenues for the periods were comprised of the following, which reflect the acquisition of Bad Daddy’s International and its related entities on May 7, 2015:
 
 
·
Sales for company operated Good Times restaurants were $7,717,000 and $28,522,000 for the fourth quarter and fiscal year, respectively
 
 
·
Sales for company operated Bad Daddy’s Burger Bar restaurants were $6,636,000 and $14,996,000 for the fourth quarter and fiscal year, respectively
 
 
·
Franchise revenues were $198,000 and $540,000 for the fourth quarter and fiscal year, respectively
 
The Company said that it plans to report its full fiscal year end results on December 8, 2015.
 
The Company also reported that in addition to the recently opened Bad Daddy’s Burger Bar in the Landmark development of the Denver Tech Center it plans to open a new Bad Daddy’s Burger Bar restaurant in early December at the Streets of Southglenn shopping center that will include an enclosed rooftop bar and patio, one in the redeveloped Southwest Plaza Mall in early January, one in the new Village at the Peaks shopping center in Longmont, Colorado in February with new stores at the Shops at Briargate in Colorado Springs and in the Foothills Mall redevelopment in Ft Collins, Colorado shortly thereafter.
 
Boyd Hoback, President & CEO, said “We are pleased that we met our sales goal for both the fourth quarter of 2015 and for the fiscal year and are excited about the upcoming Bad Daddy’s openings.  Each of the new Bad Daddy’s are in dynamic retail developments that we believe are a great fit for the concept. We are also continuing to work on the integration of the North Carolina Bad Daddy’s operations we acquired in May, innovation in the menu for both concepts and management development to support our growth plans in Bad Daddy’s.”
 
About Good Times Restaurants Inc.: Good Times Restaurants Inc. (GTIM) operates Good Times Burgers & Frozen Custard, a regional chain of quick service restaurants located primarily in Colorado, in its wholly owned subsidiary, Good Times Drive Thru Inc.  Good Times provides a menu of high quality all natural hamburgers, 100% all natural chicken tenderloins, fresh frozen custard, natural cut fries, fresh lemonades and other unique offerings.  Good Times currently operates and franchises a total of 38 restaurants.
 
GTIM owns, operates, franchises and licenses 14 Bad Daddy’s Burger Bar restaurants through its wholly owned subsidiaries.  Bad Daddy’s Burger Bar is a full service, upscale, “small box” restaurant concept featuring a chef driven menu of gourmet signature burgers, chopped salads, appetizers and sandwiches with a full bar and a focus on a selection of craft microbrew beers in a high energy atmosphere that appeals to a broad consumer base.
 
 
 

 
 
Good Times Forward Looking Statements: This press release contains forward looking statements within the meaning of federal securities laws.  The words “intend,” “may,” “believe,” “will,” “should,” “anticipate,” “expect,” “seek” and similar expressions are intended to identify forward looking statements.  These statements involve known and unknown risks, which may cause the Company’s actual results to differ materially from results expressed or implied by the forward looking statements.  These risks include such factors as the uncertain nature of current restaurant development plans and the ability to implement those plans and integrate new restaurants, delays in developing and opening new restaurants because of weather, local permitting or other reasons, increased competition, cost increases or shortages in raw food products, and other matters discussed under the “Risk Factors” section of Good Times’ Annual Report on Form 10-K/A for the fiscal year ended September 30, 2014 filed with the SEC.  Although Good Times may from time to time voluntarily update its forward looking statements, it disclaims any commitment to do so except as required by securities laws.
 
INVESTOR RELATIONS CONTACTS:
Boyd E. Hoback, President and CEO (303) 384-1411
Jim Zielke, CFO (303) 384-1432
Christi Pennington (303) 384-1440
Mike Porter, Porter, LeVay & Rose (212) 564-4700
 
 
 

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