Good Times Restaurants Inc. Enters Material Agreement

TL;DR

GT Resto just signed a big deal, creating new financial obligations.

AI Summary

Good Times Restaurants Inc. entered into a material definitive agreement on September 30, 2025, which also created a direct financial obligation for the registrant. The filing includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or agreement for Good Times Restaurants Inc., which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.

Key Players & Entities

• Good Times Restaurants Inc. (company) — Registrant
• September 30, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ge on which registered Common Stock, $0.001 par value GTIM Nasdaq Capital Marke

Filing Documents

• u1022508k.htm (8-K) — 27KB
• ex10_1.htm (EX-10.1) — 59KB
• gtim_thinlogo.jpg (GRAPHIC) — 7KB
• rzink_sig.jpg (GRAPHIC) — 3KB
• 0001214659-25-014561.txt ( ) — 290KB
• gtim-20250807.xsd (EX-101.SCH) — 3KB
• gtim-20250807_lab.xml (EX-101.LAB) — 34KB
• gtim-20250807_pre.xml (EX-101.PRE) — 22KB
• u1022508k_htm.xml (XML) — 4KB

01 Entry Into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement. On September 30, 2025, Good Times Restaurants Inc. (the "Company") and each of its wholly owned subsidiaries, as guarantors, entered into a Third Amendment to Credit Agreement and Consent (the "Amendment") with respect to the Company's Amended and Restated Credit Agreement with Cadence Bank ("Cadence"), as Administrative Agent and Lender, entered into on April 20, 2023, as amended on May 22, 2024 and May 30, 2024 (collectively, the "Credit Agreement"). The Amendment provides for Cadence's consent to the closure of two Bad Daddy's restaurants located in Roswell, Georgia and Broomfield, Colorado and the termination of leases related thereto (the "Restaurant Closures"). In connection with the Restaurant Closures, the Amendment, among other things, amends the Credit Agreement to amend the definitions of "Applicable Rate", "Consolidated EBITDA," "Consolidated Fixed Charge Coverage Ratio", and amends the Consolidated Leverage Ratio covenant contained in Section 7.11(a) of the Credit Agreement and the Restricted Payments covenant contained in Section 7.06 of the Credit Agreement. The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this current report on Form 8-K and is incorporated by reference herein. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained in Item 1.01 regarding the Amendment is incorporated by reference herein.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed as part of this report. Exhibit Number Description 10.1 Third Amendment to Credit Agreement dated September 30, 2025 by and among Good Times Restaurants Inc., each of its wholly owned subsidiaries and Cadence Bank, N.A. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 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: October 3, 2025 By: Ryan M. Zink Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR