UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Date of Report (Date of earliest event reported)
March 12, 2008
Good Times Restaurants Inc.
(Exact name of registrant as specified in its charter)
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Nevada |
000-18590 |
84-1133368 |
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(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
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of incorporation) |
Identification No.) |
601 Corporate Circle, Golden, Colorado 80401
(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.):
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On March 12, 2008 Good Times Restaurants Inc. issued a press release announcing that its wholly owned subsidiary, Good Times Drive Thru Inc. had completed the acquisition of the assets of two existing Good Times Drive Thru franchised restaurants in Denver, Colorado owned by CEDA Enterprises, Inc., including the real estate underlying one of the restaurants. Total consideration for the purchase of the restaurants of $1,355,000 included the elimination of notes receivable from the franchisee, cash and proceeds from a simultaneous sale leaseback transaction in which the land and building for one of the restaurants was sold for net proceeds of approximately $863,000 and leased back to the Company under a long term lease.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
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Exhibit No. |
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Description |
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10.1 |
Letter Agreement dated as of February 29, 2008 between Good Times Drive Thru Inc. and CEDA Enterprises Inc. |
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10.2 |
Letter Agreement dated as of February 29, 2008 between Good Times Drive Thru Inc. and CEDA Enterprises Inc. and CEJ Investments, LLC |
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99.1 |
Good Times Restaurants, Inc., Press Release dated March 12, 2008 |
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.
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GOOD TIMES RESTAURANTS IN C. |
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Date: March 12, 2008 |
By: /s/ Boyd E. Hoback |
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Boyd E. Hoback |
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President and Chief Executive Officer |