Business Context and Reporting Period
This Form 8-K Current Report was filed by Good Times Restaurants Inc. (GTIM) on July 23, 2024. The filing reports a corporate governance event: the appointment of a new independent non-employee Director to the Board of Directors, effective immediately.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial statements or performance metrics.
Material Changes
The material change reported is the addition of Ms. Sophia Rivka Rossi to the Board of Directors. There are no reported changes to financial operations, debt structures, or business segments in this document.
Guidance, Outlook, and Management Commentary
- Appointment Details: Ms. Rossi, age 42, brings over 13 years of entrepreneurial and digital media experience, including roles as co-founder/CEO of Hellogiggles and co-founder of First Call.
- Compensation: Ms. Rossi is eligible for standard non-employee Director compensation as outlined in the Company's 2024 proxy statement.
- Related Party Transactions: The Company confirmed no arrangements or transactions involving Ms. Rossi or her immediate family requiring disclosure under Item 404(a) of Regulation S-K.
- Outlook: No specific financial guidance or operational outlook was provided in this filing.
Key Facts for Investor Verification
- Verify the specific compensation amounts for non-employee Directors in the Company's 2024 Annual Meeting proxy statement filed on January 12, 2024.
- Confirm the tenure of Ms. Rossi, which lasts until the next Annual Meeting of Shareholders or until a successor is elected.
- Review the Company's recent 10-Q or 10-K filings for the most current financial performance data, as this 8-K contains no financial figures.