Good Times Restaurants Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
$GTIM
Restaurants
Consumer Discretionary
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UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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CURRENT REPORT
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Item 1.01. Entry Into a Material Definitive Agreement.
Credit Agreement Amendment
On May 30, 2024, the “Company” and each of its wholly owned subsidiaries, as guarantors, entered into a Second Amendment to Credit Agreement (the “Amendment”) with respect to the Company’s Amended and Restated Credit Agreement with Cadence Bank, N.A., as lender, entered into on April 20, 2023, the “Credit Agreement”).
The Amendment, among other things, amends the Credit Agreement to consent to the Company’s purchase of certain equity interests (“Repurchase”), to make Restricted Payments for the repurchase, and to exclude such payments from the calculation of a certain financial covenant.
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.
In connection with the acquisition, the Company issued a press release on May 29, 2024, which is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
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.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Number
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Description
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10.1*
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10.2
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10.3
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Exhibit 104
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Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
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*Filed herewith
SIGNATURES
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. | ||
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Date: June 5, 2024
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By: |
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Ryan M. Zink
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President and Chief Executive Officer
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