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<p class=MsoTitle><b>UNITED STATES</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p class=MsoNormal align=center style='text-align:center'>Washington, D.C. 20549</p>



<p class=MsoNormal align=center style='text-align:center'><b>FORM 8-K</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>CURRENT REPORT</b></p>

<p class=MsoNormal><b>&nbsp;</b></p>

<h3>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</h3>



<p class=MsoNormal align=center style='text-align:center'>Date of Report (Date of earliest event reported)</p>

<p class=MsoNormal align=center style='text-align:center'>June 26, 2008</p>



<p class=MsoNormal align=center style='text-align:center'><b>Good Times Restaurants Inc.</b></p>

<p class=MsoNormal align=center style='text-align:center'>(Exact name of registrant as specified in its charter)</p>



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  <td width=223 valign=top style='width:167.05pt;border:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Nevada</p>
  </td>
  <td width=177 valign=top style='width:132.65pt;border:solid black 1.0pt;
  border-left:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>000-18590</p>
  </td>
  <td width=208 valign=top style='width:155.7pt;border:solid black 1.0pt;
  border-left:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>84-1133368</p>
  </td>
 </tr>
 <tr>
  <td width=223 valign=top style='width:167.05pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>(State or other
  jurisdiction</p>
  </td>
  <td width=177 valign=top style='width:132.65pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>(Commission</p>
  </td>
  <td width=208 valign=top style='width:155.7pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>(IRS Employer</p>
  </td>
 </tr>
 <tr>
  <td width=223 valign=top style='width:167.05pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>of incorporation)</p>
  </td>
  <td width=177 valign=top style='width:132.65pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>File Number)</p>
  </td>
  <td width=208 valign=top style='width:155.7pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Identification No.)</p>
  </td>
 </tr>
</table>

</div>

<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>



<p class=MsoNormal align=center style='text-align:center'>601 Corporate Circle, Golden, Colorado 80401</p>

<p class=MsoNormal align=center style='text-align:center'>(Address of principal executive offices)&nbsp;&nbsp; (Zip Code)</p>



<p class=MsoNormal align=center style='text-align:center'>Registrant's telephone number, including area code:
(303) 384-1400</p>



<p class=MsoNormal align=center style='text-align:center'>Not applicable</p>

<p class=MsoNormal align=center style='text-align:center'>(Former name or former address, if changed since last
report.)</p>





<p class=MsoNormal>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.):<br>
<br>
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)<br>
<br>
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)<br>
<br>
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))<br>
<br>
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))</p>



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<p class=MsoNormal style='margin-left:58.5pt;text-indent:-58.5pt'><b>Item 5.02&nbsp;&nbsp;&nbsp; Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.</b></p>



<p class=MsoNormal>On June 25, 2008, Good Times
Restaurants Inc. (the &quot;Company&quot;) reported the resignation of James A. DeBolt as
Vice President of Franchise Development effective as of June 30, 2008.&nbsp; The
Company also reported that Robert D. Turrill, a named executive officer for
purposes of compensation disclosures in the Company's most recent proxy
statement dated December 6, 2007, will be retiring from the Company to pursue
other personal interests and will retire as Vice President of Marketing effective
as of October 31, 2008.&nbsp; Mr. Turrill, age 60, has served as Vice President of Marketing
since 1994. &nbsp;Mr. Turrill will not receive any post-retirement compensation or
benefits from the Company.</p>



<p class=MsoNormal><b>Item 8.01&nbsp;&nbsp;&nbsp; Other Events.</b></p>

<p class=MsoNormal><b>&nbsp;</b></p>

<p class=MsoNormal>As previously reported, the
Company's wholly owned subsidiary Good Times Drive Thru Inc. (&quot;GTDT&quot;) has a
Development Agreement dated December 3, 2007 (the &quot;Development Agreement&quot;) with
Zen Partners LLC (&quot;Zen&quot;) for the development of up to twenty-five Good Times
restaurants.&nbsp; The Development Agreement granted Zen the exclusive right to
develop up to ten Good Times restaurants in the Omaha, Nebraska and Des Moines,
Iowa areas.</p>



<p class=MsoNormal>On June 25, 2008, GTDT and
Zen agreed in principle to modify the Development Agreement to transfer
development rights for up to three restaurants from the Omaha and Des Moines areas to Colorado. &nbsp;The Company currently anticipates developing one restaurant
in Colorado under the Development Agreement in 2008 and two restaurants in
2009.&nbsp; The Company also currently anticipates opening two company-owned
restaurants in Colorado and one dual branded franchised restaurant in Sheridan,
Wyoming in 2008.</p>



<p class=MsoNormal>The Company has indefinitely
suspended the proposed development of company-owned restaurants and restaurants
to be developed under the Development Agreement in the Omaha area due to a lack
of availability of acceptable debt financing, lack of acceptable sites that can
be developed quickly enough to support media advertising, current conditions in
the commodity markets and the resulting increases in food costs for the Company,
and concerns over general macro-economic trends, including consumer spending.</p>



<p class=BodyText1 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
0in'>Information contained in this report, other than
historical information, may be considered forward looking in nature and is
subject to known and unknown risks, which may cause the Company's actual
results to differ materially from results expressed or implied by the forward
looking information.&nbsp; These risks include such factors as the pending and
uncertain nature of the reported restaurant development matters and the ability
to implement restaurant development plans, delays in developing and opening new
restaurants due to adverse credit market and other economic conditions,
weather, local permitting matters, increased competition, cost increases or
shortages in raw food products, and other matters discussed in the &quot;Risk Factors&quot;
section of the Company' Annual Report on Form 10-KSB for the fiscal year ended
September 30, 2007.&nbsp; Although the Company may from time to time voluntarily
update its forward looking statements, it disclaims any commitment to do so
except as required by securities laws.</p>

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<h3><b>SIGNATURES</b></h3>



<p class=MsoBodyTextIndent3>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.</p>





<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GOOD
TIMES RESTAURANTS INC.</p>





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  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Date:&nbsp; June 26, 2008</p>
  </td>
  <td width=350 valign=top style='width:3.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By: <u>&nbsp;/s/ Boyd E. Hoback</u></p>
  </td>
 </tr>
 <tr>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=350 valign=top style='width:3.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Boyd E. Hoback</p>
  </td>
 </tr>
 <tr>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=350 valign=top style='width:3.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>President and Chief
  Executive Officer</p>
  </td>
 </tr>
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  <p class=MsoFooter>3</p>
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<p class=MsoNormal><b>&nbsp;</b></p>



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</html>
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{"company-data": {"conformed-name": "GOOD TIMES RESTAURANTS INC", "cik": "0000825324", "assigned-sic": "5812", "irs-number": "841133368", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-18590", "film-number": "08919085"}, "business-address": {"street1": "601 CORPORATE CIRCLE", "city": "GOLDEN", "state": "CO", "zip": "80401", "phone": "3033841400"}, "mail-address": {"street1": "601 CORPORATE CIRCLE", "city": "GOLDEN", "state": "CO", "zip": "80401"}, "former-company": {"former-conformed-name": "PARAMOUNT VENTURES INC", "date-changed": "19900205"}}
_
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
June 26, 2008
Good Times Restaurants Inc.
(Exact name of registrant as specified in its charter)
Nevada
000-18590
84-1133368
(State or other
  jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
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 5.02    Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On June 25, 2008, Good Times
Restaurants Inc. (the "Company") reported the resignation of James A. DeBolt as
Vice President of Franchise Development effective as of June 30, 2008.  The
Company also reported that Robert D. Turrill, a named executive officer for
purposes of compensation disclosures in the Company's most recent proxy
statement dated December 6, 2007, will be retiring from the Company to pursue
other personal interests and will retire as Vice President of Marketing effective
as of October 31, 2008.  Mr. Turrill, age 60, has served as Vice President of Marketing
since 1994.  Mr. Turrill will not receive any post-retirement compensation or
benefits from the Company.
Item 8.01    Other Events.
As previously reported, the
Company's wholly owned subsidiary Good Times Drive Thru Inc. ("GTDT") has a
Development Agreement dated December 3, 2007 (the "Development Agreement") with
Zen Partners LLC ("Zen") for the development of up to twenty-five Good Times
restaurants.  The Development Agreement granted Zen the exclusive right to
develop up to ten Good Times restaurants in the Omaha, Nebraska and Des Moines,
Iowa areas.
On June 25, 2008, GTDT and
Zen agreed in principle to modify the Development Agreement to transfer
development rights for up to three restaurants from the Omaha and Des Moines areas to Colorado.  The Company currently anticipates developing one restaurant
in Colorado under the Development Agreement in 2008 and two restaurants in
2009.  The Company also currently anticipates opening two company-owned
restaurants in Colorado and one dual branded franchised restaurant in Sheridan,
Wyoming in 2008.
The Company has indefinitely
suspended the proposed development of company-owned restaurants and restaurants
to be developed under the Development Agreement in the Omaha area due to a lack
of availability of acceptable debt financing, lack of acceptable sites that can
be developed quickly enough to support media advertising, current conditions in
the commodity markets and the resulting increases in food costs for the Company,
and concerns over general macro-economic trends, including consumer spending.
Information contained in this report, other than
historical information, may be considered forward looking in nature and is
subject to known and unknown risks, which may cause the Company's actual
results to differ materially from results expressed or implied by the forward
looking information.  These risks include such factors as the pending and
uncertain nature of the reported restaurant development matters and the ability
to implement restaurant development plans, delays in developing and opening new
restaurants due to adverse credit market and other economic conditions,
weather, local permitting matters, increased competition, cost increases or
shortages in raw food products, and other matters discussed in the "Risk Factors"
section of the Company' Annual Report on Form 10-KSB for the fiscal year ended
September 30, 2007.  Although the Company may from time to time voluntarily
update its forward looking statements, it disclaims any commitment to do so
except as required by securities laws.
2
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.
Date:  June 26, 2008
By:
/s/ Boyd E. Hoback
Boyd E. Hoback
President and Chief
  Executive Officer
3