Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On September 28, 2022, Good Times Restaurants Inc. (the "Company") entered into
an amendment to the Second Amended and Restated Employment Agreement (the "First
Amendment") with Ryan Zink, the Company's Chief Executive Officer. The First
Amendment modifies certain terms of the Second Amended and Restated Employment
Agreement executed by the Company and Mr. Zink on December 24, 2020.
The principal changes provided by the First Amendment provide that Mr. Zink's
annual salary is increased to $350,000 and severance payable in connection with
Mr. Zink's death or disability shall be paid in one lump sum. This description
of the First Amendment is qualified in its entirety by the terms and conditions
of the First Amendment to Second Amended and Restated Employment Agreement filed
as Exhibit 10.1 to this Form 8-K, which is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are filed as part of this report:
Exhibit Number Description
10.1 First Amendment to Second Amended and Restated Employment
Agreement, dated September 28, 2022, between Ryan M. Zink and
Good Times Restaurants Inc.
Exhibit 104 Cover Page Interactive Data File (formatted as Inline XBRL and
contained in Exhibit 101)
2
© Edgar Online, source Glimpses