Business Context and Reporting Period
This Form 8-K Current Report from Good Times Restaurants Inc. (GTIM) covers the 2025 Annual Meeting of Shareholders held on February 20, 2025. The filing details the outcomes of shareholder votes and subsequent Board of Directors appointments.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. It is a corporate governance report focused on shareholder voting results and board composition.
Material Changes and Voting Results
Proposal 1: Election of Directors
Shareholders elected all five nominees to serve one-year terms. The vote totals were as follows:
| Director Nominee | For | Withheld | Broker Non-Votes |
|---|---|---|---|
| Charles E. Jobson | 4,869,228 | 206,097 | 3,735,865 |
| Jennifer C. Stetson | 4,906,106 | 169,219 | 3,735,865 |
| Ryan M. Zink | 4,608,613 | 466,712 | 3,735,865 |
| Sophia Rivka Rossi | 4,396,644 | 678,681 | 3,735,865 |
| Jason S. Maceda | 4,393,858 | 681,467 | 3,735,865 |
Proposal 2: Frequency of Executive Compensation Advisory Vote
Shareholders voted to hold advisory votes on executive compensation every two years. The results were:
- 2 Years: 2,466,814 votes (Selected)
- 1 Year: 2,457,750 votes
- 3 Years: 127,680 votes
- Abstain: 3,081 votes
Proposal 3: Ratification of Independent Auditor
Shareholders ratified the appointment of Moss Adams LLP as the independent registered public accounting firm for the fiscal year ending September 30, 2025.
- For: 8,702,036 votes
- Against: 49,128 votes
- Abstain: 60,026 votes
Management Commentary and Governance Updates
Following the annual meeting, the Board of Directors made the following appointments:
- Chairman of the Board: Charles E. Jobson
- Audit Committee: Charles E. Jobson, Jennifer C. Stetson
- Compensation Committee: Jason S. Maceda (Chairman), Charles E. Jobson, Jennifer C. Stetson
The filing notes that the company will adhere to the two-year frequency for executive compensation advisory votes as preferred by shareholders.
Investor Verification Checklist
- Verify the full biographies of the newly appointed Board members and committee chairs in the Proxy Statement filed on January 6, 2025.
- Confirm the specific terms of engagement with Moss Adams LLP for the fiscal year ending September 30, 2025.
- Review the upcoming fiscal year financial reports for actual performance metrics, as this 8-K contains no financial data.