<html>

<head>
<!-- Document Prepared With E-Services, LLC HTML Software-->
<!-- Copyright 2006 E-Services, LLC.-->
<!-- All rights reserved EDGAR2.com -->





</head>

<body lang=EN-US>

<div class=WordSection1>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle><b>&nbsp;</b></p>
  <p class=MsoTitle><b>&nbsp;</b></p>
  <p class=MsoTitle align="center"><b>UNITED STATES</b></p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>SECURITIES AND EXCHANGE COMMISSION</b></p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>Washington, D.C. 20549</p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>

  <p align="center">

  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>FORM 8-K</b></p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>CURRENT REPORT</b></p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>Pursuant to Section 13 or 15(d) of the Securities
  Exchange Act of 1934</p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>Date of Report (Date of earliest event reported)</p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>May 9, 2012 (May 3, 2012)</p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>Good Times Restaurants Inc.</b></p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(Exact name of registrant as specified in its
  charter)</p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=235 colspan=2 valign=top style='width:2.45in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>Nevada</p>
  </td>
  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>000-18590</p>
  </td>
  <td width=211 valign=top style='width:2.2in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>84-1133368</p>
  </td>
 </tr>
 <tr>
  <td width=235 colspan=2 valign=top style='width:2.45in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(State or other jurisdiction of incorporation)</p>
  </td>
  <td width=192 style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(Commission File Number)</p>
  </td>
  <td width=211 style='width:2.2in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(IRS Employer Identification No.)</p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>601 Corporate Circle, Golden, Colorado&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80401</p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Zip
  Code)</p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>Registrant's telephone number, including area code:
  (303) 384-1400</p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>Not applicable</p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(Former name or former address, if changed since
  last report.)</p>
  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=638 colspan=4 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <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.):</p>
  </td>
 </tr>
 <tr>
  <td width=37 valign=top style='width:27.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=601 colspan=3 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=37 valign=top style='width:27.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>[_]</p>
  </td>
  <td width=601 colspan=3 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p>
  </td>
 </tr>
 <tr>
  <td width=37 valign=top style='width:27.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=601 colspan=3 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=37 valign=top style='width:27.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>[_]</p>
  </td>
  <td width=601 colspan=3 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>
  </td>
 </tr>
 <tr>
  <td width=37 valign=top style='width:27.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=601 colspan=3 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=37 valign=top style='width:27.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>[_]</p>
  </td>
  <td width=601 colspan=3 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b))</p>
  </td>
 </tr>
 <tr>
  <td width=37 valign=top style='width:27.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=601 colspan=3 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=37 valign=top style='width:27.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>[_]</p>
  </td>
  <td width=601 colspan=3 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c))</p>
  </td>
 </tr>
 <tr height=0>
  <td width=37 style='border:none'></td>
  <td width=198 style='border:none'></td>
  <td width=192 style='border:none'></td>
  <td width=211 style='border:none'></td>
 </tr>
</table>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>










<p class=MsoNormal style='margin-left:1.0in;text-align:justify;text-indent:
-1.0in'>ITEM 3.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notice of Delisting or
Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.</p>



<p class=MsoNormal style='text-align:justify'>On
May 3, 2012, Good Times Restaurants Inc. (the &quot;Company&quot;) received a letter from
The NASDAQ Stock Market (&quot;NASDAQ&quot;) stating that the staff has rejected the
Company's proposed compliance plan for continued listing on The NASDAQ Capital
Market for the reasons detailed below.&nbsp; The letter provides that, absent an
appeal of the staff's determination by the Company, trading of the Company's
common stock will be suspended at the opening of business on May 14, 2012, and
a Form 25-NSE will be filed with the Securities and Exchange Commission (&quot;SEC&quot;)
to remove the Company's securities from listing and registration on NASDAQ.</p>



<p class=MsoNormal style='text-align:justify'>As
previously reported on Form 8-K dated February 22, 2012, the Company received a
letter from NASDAQ on February 16, 2012 notifying the Company that it was not
in compliance with the minimum stockholders' equity requirement under NASDAQ
Listing Rule 5550(b), which requires companies to maintain a minimum
stockholders' equity of $2.5 million for continued listing on The NASDAQ
Capital Market.&nbsp; The Company submitted a compliance plan to NASDAQ in a timely
fashion stating an expectation that compliance would be achieved by the
accomplishment of its acquisition of a restaurant group or an equity financing
which the Company was then pursuing, and the Company continues to pursue such a
transaction.&nbsp; However, because no formal agreements or contracts have been yet
signed with respect to a proposed acquisition or equity financing, the staff
determined that the Company did not provide a definitive plan evidencing its
ability to achieve near term compliance with the continued listing requirements
or sustain such compliance over an extended period of time.</p>



<p class=MsoNormal style='text-align:justify'>The
Company has the right to appeal the staff's determination by requesting a
hearing before a NASDAQ Listing Qualifications Panel (the &quot;Panel&quot;).&nbsp; A hearing
request will stay the suspension of the Company's securities and the filing of
a Form 25-NSE pending the Panel's decision.&nbsp; The Company has until May 10, 2012
to request a hearing.</p>



<p class=MsoNormal style='text-align:justify'>Accordingly,
the Company intends to request in a timely manner a hearing before the Panel,
at which time it will seek continued listing pending its return to compliance
with the minimum stockholders' equity requirement under NASDAQ Listing Rule
5550(b).&nbsp; However, there can be no assurance that the Panel will grant the
Company's request for continued listing.</p>



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



<p class=MsoNormal>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>





<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=271 valign=top style='width:203.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=360 valign=top style='width:3.75in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>GOOD TIMES RESTAURANTS
  INC.</b></p>
  </td>
 </tr>
 <tr>
  <td width=271 valign=top style='width:203.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=360 valign=top style='width:3.75in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=271 valign=top style='width:203.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=360 valign=top style='width:3.75in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=271 valign=top style='width:203.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Date: May 9, 2012</p>
  </td>
  <td width=360 valign=bottom style='width:3.75in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><u>/s/ Boyd E. Hoback</u></p>
  </td>
 </tr>
 <tr>
  <td width=271 valign=top style='width:203.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=360 valign=top style='width:3.75in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Boyd E. Hoback</p>
  </td>
 </tr>
 <tr>
  <td width=271 valign=top style='width:203.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=360 valign=top style='width:3.75in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>President and Chief
  Executive Officer</p>
  </td>
 </tr>
</table>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>





</div>

</body>

</html>
[{"type": "8-K", "sequence": "1", "filename": "form8k11.htm", "secsgml_size_bytes": 13757}]
{"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": "12824928"}, "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)
May 9, 2012 (May 3, 2012)
Good Times Restaurants Inc.
(Exact name of registrant as specified in its
  charter)
Nevada
000-18590
84-1133368
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer 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 3.01       Notice of Delisting or
Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
May 3, 2012, Good Times Restaurants Inc. (the "Company") received a letter from
The NASDAQ Stock Market ("NASDAQ") stating that the staff has rejected the
Company's proposed compliance plan for continued listing on The NASDAQ Capital
Market for the reasons detailed below.  The letter provides that, absent an
appeal of the staff's determination by the Company, trading of the Company's
common stock will be suspended at the opening of business on May 14, 2012, and
a Form 25-NSE will be filed with the Securities and Exchange Commission ("SEC")
to remove the Company's securities from listing and registration on NASDAQ.
As
previously reported on Form 8-K dated February 22, 2012, the Company received a
letter from NASDAQ on February 16, 2012 notifying the Company that it was not
in compliance with the minimum stockholders' equity requirement under NASDAQ
Listing Rule 5550(b), which requires companies to maintain a minimum
stockholders' equity of $2.5 million for continued listing on The NASDAQ
Capital Market.  The Company submitted a compliance plan to NASDAQ in a timely
fashion stating an expectation that compliance would be achieved by the
accomplishment of its acquisition of a restaurant group or an equity financing
which the Company was then pursuing, and the Company continues to pursue such a
transaction.  However, because no formal agreements or contracts have been yet
signed with respect to a proposed acquisition or equity financing, the staff
determined that the Company did not provide a definitive plan evidencing its
ability to achieve near term compliance with the continued listing requirements
or sustain such compliance over an extended period of time.
The
Company has the right to appeal the staff's determination by requesting a
hearing before a NASDAQ Listing Qualifications Panel (the "Panel").  A hearing
request will stay the suspension of the Company's securities and the filing of
a Form 25-NSE pending the Panel's decision.  The Company has until May 10, 2012
to request a hearing.
Accordingly,
the Company intends to request in a timely manner a hearing before the Panel,
at which time it will seek continued listing pending its return to compliance
with the minimum stockholders' equity requirement under NASDAQ Listing Rule
5550(b).  However, there can be no assurance that the Panel will grant the
Company's request for continued listing.
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: May 9, 2012
/s/ Boyd E. Hoback
Boyd E. Hoback
President and Chief
  Executive Officer