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  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</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>UNITED STATES</b></p>
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  <p class=MsoNormal align=center style='text-align:center'><b>SECURITIES AND EXCHANGE COMMISSION</b></p>
  </td>
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  <p class=MsoNormal align=center style='text-align:center'><b>Washington, D.C. 20549</b></p>
  </td>
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  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
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  <p class=MsoNormal align=center style='text-align:center'><b>FORM 8-K</b></p>
  </td>
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  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
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  <p class=MsoNormal align=center style='text-align:center'><b>CURRENT REPORT</b></p>
  </td>
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  <td width=672 colspan=4 valign=top style='width:7.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
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  <td width=672 colspan=4 valign=top style='width:7.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>Pursuant to Section 13 or 15(d) of the Securities
  Exchange Act of 1934</b></p>
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  <td width=672 colspan=4 valign=top style='width:7.0in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
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  <td width=672 colspan=4 valign=top style='width:7.0in;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>
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  <td width=672 colspan=4 valign=top style='width:7.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>June 13, 2012</p>
  </td>
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  </td>
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  <p class=MsoNormal align=center style='text-align:center'><b>Good Times Restaurants Inc.</b></p>
  </td>
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  <td width=672 colspan=4 valign=top style='width:7.0in;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>
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  </td>
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  </td>
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  <td width=252 colspan=2 valign=top style='width:189.0pt;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=228 valign=top style='width:171.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>84-1133368</p>
  </td>
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  <td width=252 colspan=2 valign=top style='width:189.0pt;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=228 valign=top style='width:171.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(IRS Employer Identification No.)</p>
  </td>
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  <td width=672 colspan=4 valign=top style='width:7.0in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
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  <td width=672 colspan=4 valign=top style='width:7.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>601 Corporate Circle, Golden, Colorado 80401</p>
  </td>
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  <td width=672 colspan=4 valign=top style='width:7.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(Address of principal executive offices)&nbsp;&nbsp; (Zip
  Code)</p>
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  </td>
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  <td width=672 colspan=4 valign=top style='width:7.0in;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>
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  <td width=672 colspan=4 valign=top style='width:7.0in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
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  <td width=672 colspan=4 valign=top style='width:7.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>Not applicable</p>
  </td>
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  <td width=672 colspan=4 valign=top style='width:7.0in;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>
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  </td>
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  <td width=672 colspan=4 valign=top style='width:7.0in;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>
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  </td>
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  <p class=MsoNormal align=center style='text-align:center'>[_]</p>
  </td>
  <td width=618 colspan=3 valign=top style='width:463.5pt;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>
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  <p class=MsoNormal align=center style='text-align:center'>[_]</p>
  </td>
  <td width=618 colspan=3 valign=top style='width:463.5pt;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>
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  <p class=MsoNormal align=center style='text-align:center'>[_]</p>
  </td>
  <td width=618 colspan=3 valign=top style='width:463.5pt;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>
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  </td>
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  </td>
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  <p class=MsoNormal align=center style='text-align:center'>[_]</p>
  </td>
  <td width=618 colspan=3 valign=top style='width:463.5pt;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>
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<p class=MsoNormal><b>Item 1.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entry
into a Material Definitive Agreement.</b></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Investment
Transaction</u></p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On
June 13, 2012, Good Times Restaurants Inc. (the &quot;Company&quot;) entered into a
Securities Purchase Agreement (the &quot;Purchase Agreement&quot;) with Small Island
Investments Limited, a Bermuda corporation (the &quot;Investor&quot;), pursuant to which
the Company has agreed to sell and issue to the Investor 473,934 shares (the
&quot;Shares&quot;) of a new series of the Company's preferred stock, par value $0.001
per share, to be designated as &quot;Series C Convertible Preferred Stock&quot; (&quot;Series
C Preferred Stock&quot;), at a purchase price of $4.22 per share, or an aggregate
purchase price of $2,000,001.48.&nbsp; Each share of the Series C Preferred Stock is
convertible into two shares of the Company's common stock, par value $0.001 per
share (&quot;Common Stock&quot;).&nbsp; As described below, the closing of the investment
transaction (the &quot;Investment Transaction&quot;) under the Purchase Agreement (the
&quot;Closing&quot;) is subject to certain conditions, including the receipt of
stockholder approval of the Investment Transaction.&nbsp; The Company expects the
Closing to occur promptly following the satisfaction of such condition and by
September 30, 2012.</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Investor is a Bermuda corporation based in Boston, Massachusetts.&nbsp; At the
present time, the Investor beneficially owns approximately 50.74% of the
Company's outstanding Common Stock.&nbsp; Assuming no change in the foregoing,
immediately following the Closing, the Investor's beneficial ownership of the
Company's capital stock will increase to approximately 63.45%.</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; David
L. Dobbin, Chairman of the Company's Board of Directors, is a principal of the
Investor.&nbsp; Accordingly, the Investment Transaction constitutes a related party
transaction and was reviewed and approved by the Audit Committee of the
Company's Board of Directors.</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Under
the terms of the Purchase Agreement, the Shares to be issued and purchased in
the Investment Transaction, and the shares of the Company's common stock
issuable upon conversion of the Shares (collectively, the &quot;Securities&quot;), will
be issued in a transaction not involving any public offering and will not be
registered under the Securities Act of 1933, as amended (the &quot;Securities
Act&quot;).&nbsp; However, in connection with the Closing of the Investment Transaction,
the Company will enter into an amendment to its existing Registration Rights
Agreement dated December 13, 2010 with the Investor (the &quot;Registration Rights
Agreement&quot;) (the &quot;Registration Rights Agreement Amendment&quot;), to include the
shares of the Company's Common Stock issuable upon conversion of the Shares as
&quot;Registrable Securities&quot; under the Registration Rights Agreement.</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A
copy of the Company's June 19, 2012 press release announcing the Investment
Transaction is filed herewith as Exhibit 99.1 to this Current Report on Form
8-K.&nbsp; Each of the material agreements relating to the Investment Transaction is
summarized below.&nbsp; The summaries do not purport to be complete and are
qualified in their entirety by the full text of the related agreements, copies
of which are filed as exhibits to this Current Report on Form 8-K.</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Securities
Purchase Agreement</u></p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As
described above, on June 13, 2012, the Company and the Investor entered into
the Purchase Agreement, pursuant to which the Company has agreed to sell and
issue to the Investor, and the Investor has agreed to purchase form the
Company, 473,934 Shares of newly designated Series C Preferred Stock of the
Company, at a purchase price of $4.22 per share.&nbsp; The Purchase Agreement
contains customary representations and warranties by the Company, which are in
certain cases modified by &quot;materiality&quot; and &quot;knowledge&quot; qualifiers.</p>



<p class=MsoFooter align=center style='text-align:center'>2</p>



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<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Purchase Agreement provides that the obligation of the Investor to complete the
purchase of the Shares at the Closing is subject to certain conditions (which
may be waived by the Investor), including:</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i)
that the Registration Rights Agreement Amendment has been duly executed by the
Company and delivered to the Investor;</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ii)
that the representations and warranties of the Company contained in the
Purchase Agreement are true and correct in all material respects (or true and
correct in all respects as to representations and warranties which are
qualified by materiality) as of the Closing as though made on and as of such
date;</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iii)
that the Company has received all consents, waivers, authorizations and
approvals from third parties necessary in connection with the Investment
Transaction;</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iv)
that the Company's stockholders have approved and authorized the Investment
Transaction, including the approval of stockholders holding a majority of the
outstanding shares of Common Stock not held by the Investor or its affiliates;
and</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (v)
that the Company has filed the Certificate of Designations with the Nevada
Secretary of State.</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Company has agreed to indemnify the Investor (and certain &quot;Investor Parties&quot; as
defined in the Purchase Agreement) for all liabilities, losses or damages as a
result of or relating to any breach of any representations, warranties,
covenants or agreements made by the Company in the Purchase Agreement.</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Purchase Agreement provides that after the Closing, for so long as the Investor
holds at least 50 percent of the Company's outstanding capital stock, (i) the
Company's Board of Directors shall consist of no more than seven members, and
(ii) the Investor with have the right to designate four members of the Board.&nbsp;
In addition, the Purchase Agreement provides that, for so long as the Investor
continues to hold at least 75 percent of the Shares and/or the shares of Common
Stock issuable upon conversion thereof, the Investor will have a right of first
refusal to purchase additional securities which are offered and sold by the
Company for the purpose of maintaining its percentage ownership interest in the
Company as of the Closing of the Investment Transaction.</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Purchase Agreement may be terminated at any time prior to the Closing only as
follows:</p>



<ul style='margin-top:0in' type=disc>
 <li class=MsoNormal style='text-align:justify'>by
     the Investor or the Company, if the Closing has not occurred by September
     30, 2012, provided that the right to terminate shall not be available to
     either party whose failure to perform its obligations under the Purchase
     Agreement is the primary cause of the failure of the Closing to have
     occurred by such date;</li>
</ul>



<ul style='margin-top:0in' type=disc>
 <li class=MsoNormal style='text-align:justify'>by
     the Investor or the Company, if the Company's stockholders do not vote to
     approve the Investment Transaction;</li>
</ul>



<ul style='margin-top:0in' type=disc>
 <li class=MsoNormal style='text-align:justify'>at
     any time by mutual agreement of the Company and the Investor; or</li>
</ul>



<ul style='margin-top:0in' type=disc>
 <li class=MsoNormal style='text-align:justify'>by
     either the Company or the Investor, if there has been a material breach of
     any representation, warranty, covenant or obligation of the other party
     contained in the Purchase Agreement, which has not been cured within 15
     days after notice thereof.</li>
</ul>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A
copy the Purchase Agreement dated June 13, 2012 is attached as Exhibit 10.1 to
this Current Report on Form 8-K.</p>

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<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Certificate
of Designations</u></p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
disclosure required by Item 1.01 in connection with the Certificate of
Designations is included in Item 3.02 below and is hereby incorporated herein
by reference.</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Registration
Rights Agreement Amendment</u></p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
disclosure required by Item 1.01 in connection with the Registration Rights
Agreement Amendment is included in Item 3.02 below and is hereby incorporated
herein by reference.</p>



<p class=MsoNormal style='text-align:justify'><b>Item
3.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unregistered Sales of Equity Securities.</b></p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
information disclosed under Item 1.01 of this Current Report on Form 8-K is
incorporated into this Item 3.02 in its entirety.&nbsp; The Company has agreed to
the Investment Transaction in reliance upon the exemption from the registration
requirements of the Securities Act set forth in Section 4(2) thereof and Rule
506 promulgated thereunder, and in reliance upon the Investment Transaction
being a transaction by the Company not involving any public offering.&nbsp; The
Securities will be deemed &quot;restricted securities&quot; under Rule 144 promulgated
under the Securities Act.</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
rights, preferences, and privileges of the Shares will be set forth in a
Certificate of Designations for the Series C Preferred Stock (the &quot;Certificate
of Designations&quot;), which will be filed with the Nevada Secretary of State prior
to the Closing as a condition thereof.&nbsp; The rights, preferences, and privileges
of the Shares will be as follows:</p>



<ul style='margin-top:0in' type=disc>
 <li class=MsoNormal style='text-align:justify'>Following
     the Closing, Dividends shall accrue on shares of Series C Preferred Stock
     at the rate of 8.0% per annum of the original issue price of $4.22 per
     share, with such accrued dividends payable quarterly.&nbsp; The accrued
     dividends on shares of Series C Preferred Stock shall be payable prior and
     in preference to any dividends on the Company's Common Stock.&nbsp; In the
     event the Series C Preferred Stock has not been converted to Common Stock
     within 18 months following the Closing, thereafter (i) the rate of the
     accrued dividends shall increase to 15.0% per annum from the date that is
     18 months after the Closing until converted or redeemed by the Company,
     and (ii) the Company may upon the approval of a majority of the
     disinterested members of the Board of Directors redeem all or from time to
     time a portion of the Series C Preferred Stock by payment of its
     liquidation preference.</li>
</ul>



<ul style='margin-top:0in' type=disc>
 <li class=MsoNormal style='text-align:justify'>In
     the event of any voluntary or involuntary liquidation, dissolution, or
     winding up of the Company, or a transaction which is deemed to be a
     liquidation pursuant to the Certificate of Designations, holders of Series
     C Preferred Stock shall be entitled be entitled to receive a preference
     payment equal to the original issue price of $4.22 per share, plus any
     accrued but unpaid dividends, before any assets of the Company are
     distributed to holders of the Company's Common Stock.</li>
</ul>



<ul style='margin-top:0in' type=disc>
 <li class=MsoNormal style='text-align:justify'>Shares
     of Series C Preferred Stock shall vote together with the Common Stock on
     an as-if-converted basis.&nbsp; In addition, shares of Series C Preferred Stock
     shall have the right to vote, as a separate class, on certain major
     corporate transactions.</li>
</ul>



<ul style='margin-top:0in' type=disc>
 <li class=MsoNormal style='text-align:justify'>Shares
     of Series C Preferred Stock shall be convertible into shares of Common
     Stock at any time, at a conversion ratio shall be two shares of Common
     Stock for each share of Series C Preferred Stock converted (subject to
     adjustment in the event of any stock split, combination, reorganization, or
     reclassification of the Common Stock.)</li>
</ul>

<p class=MsoFooter align=center style='text-align:center'>4</p>



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<ul style='margin-top:0in' type=disc>
 <li class=MsoNormal style='text-align:justify'>The
     Company may require the conversion of all outstanding shares of Series C
     Preferred Stock into shares of Common Stock at the above conversion ratio
     at any time after 36 months following the Closing based upon the public
     trading price and the trading volume of the Common Stock.&nbsp; In addition,
     the Series C Preferred Stock shall automatically convert to Common Stock
     upon a qualified public offering of the Company's Common Stock based upon
     the size and price of such public offering or a sale of all or
     substantially of the Company's assets.</li>
</ul>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
form of Certificate of Designations is attached as Exhibit 4.1 to this Current
Report on Form 8-K.</p>



<p class=MsoNormal style='text-align:justify'>Effective
at the Closing, the Company will enter into a Registration Rights Agreement
Amendment with the Investor to include the shares of the Company's Common Stock
issuable upon conversion of the Shares as &quot;Registrable Securities&quot; under the
Registration Rights Agreement.</p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
form of Registration Rights Agreement Amendment is attached as Exhibit 4.2 to
this Current Report on Form 8-K.</p>



<p class=MsoNormal style='text-align:justify'><b>Item
8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Events</b></p>



<p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As
set forth above, on June 19, 2012, the Company issued a press release
announcing the execution of the Purchase Agreement and the Investment
Transaction.&nbsp; A copy of the Company's press release is filed herewith as
Exhibit 99.1 to this Current Report on Form 8-K.</p>



<p class=MsoNormal style='text-align:justify'>Item
9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and Exhibits.</p>



<p class=MsoNormal style='text-align:justify'>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.&nbsp;
The following exhibits are filed as part of this report:</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=540
 style='width:405.0pt;margin-left:41.4pt;border-collapse:collapse'>
 <tr>
  <td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>Exhibit</p>
  <p class=MsoNormal style='text-align:justify'><u>Number</u></p>
  </td>
  <td width=468 valign=top style='width:351.0pt;padding:0in 5.4pt 0in 5.4pt'>

  <p class=MsoNormal style='text-align:justify'><u>Description</u></p>
  </td>
 </tr>
 <tr>
  <td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=468 valign=top style='width:351.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>4.1</p>
  </td>
  <td width=468 valign=top style='width:351.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>Form
  of Certificate of Designations of Series C Preferred Stock </p>

  </td>
 </tr>
 <tr>
  <td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>4.2</p>
  </td>
  <td width=468 valign=top style='width:351.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>Form
  of First Amendment to Registration Rights Agreement</p>
  </td>
 </tr>
 <tr>
  <td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=468 valign=top style='width:351.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>10.1</p>
  </td>
  <td width=468 valign=top style='width:351.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>Securities
  Purchase Agreement between the Company and Small Island Investments Limited,
  dated June 13, 2012.</p>

  </td>
 </tr>
 <tr>
  <td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>99.1</p>
  </td>
  <td width=468 valign=top style='width:351.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>Company
  Press Release dated June 19, 2012.</p>
  </td>
 </tr>
 <tr>
  <td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=468 valign=top style='width:351.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=468 valign=top style='width:351.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
</table>



<p class=MsoNormal style='text-align:justify'><b>Important
Information</b></p>



<p class=MsoNormal style='text-align:justify'>This
Current Report on Form 8-K shall not constitute an offer to sell or the
solicitation of an offer to buy any security.&nbsp; The shares of the Company's
Series C Preferred Stock to be issued and purchased in the Investment
Transaction, and the shares of the Company's Common Stock issuable upon
conversion thereof, are being so issued and purchased pursuant to an applicable
exemption from the registration requirements of the Securities Act and applicable
state securities laws.</p>

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



<p class=MsoNormal style='text-align:justify'>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'>
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  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><b>GOOD
  TIMES RESTAURANTS INC.</b></p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>Date:&nbsp;
  June 19, 2012</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>By<i><u>:/s/
  Boyd E. Hoback</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boyd
  E. Hoback</p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President
  and Chief Executive Officer</p>
  </td>
 </tr>
</table>





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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": "12914763"}, "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 13, 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 1.01        Entry
into a Material Definitive Agreement.
Investment
Transaction
On
June 13, 2012, Good Times Restaurants Inc. (the "Company") entered into a
Securities Purchase Agreement (the "Purchase Agreement") with Small Island
Investments Limited, a Bermuda corporation (the "Investor"), pursuant to which
the Company has agreed to sell and issue to the Investor 473,934 shares (the
"Shares") of a new series of the Company's preferred stock, par value $0.001
per share, to be designated as "Series C Convertible Preferred Stock" ("Series
C Preferred Stock"), at a purchase price of $4.22 per share, or an aggregate
purchase price of $2,000,001.48.  Each share of the Series C Preferred Stock is
convertible into two shares of the Company's common stock, par value $0.001 per
share ("Common Stock").  As described below, the closing of the investment
transaction (the "Investment Transaction") under the Purchase Agreement (the
"Closing") is subject to certain conditions, including the receipt of
stockholder approval of the Investment Transaction.  The Company expects the
Closing to occur promptly following the satisfaction of such condition and by
September 30, 2012.
The
Investor is a Bermuda corporation based in Boston, Massachusetts.  At the
present time, the Investor beneficially owns approximately 50.74% of the
Company's outstanding Common Stock.  Assuming no change in the foregoing,
immediately following the Closing, the Investor's beneficial ownership of the
Company's capital stock will increase to approximately 63.45%.
David
L. Dobbin, Chairman of the Company's Board of Directors, is a principal of the
Investor.  Accordingly, the Investment Transaction constitutes a related party
transaction and was reviewed and approved by the Audit Committee of the
Company's Board of Directors.
Under
the terms of the Purchase Agreement, the Shares to be issued and purchased in
the Investment Transaction, and the shares of the Company's common stock
issuable upon conversion of the Shares (collectively, the "Securities"), will
be issued in a transaction not involving any public offering and will not be
registered under the Securities Act of 1933, as amended (the "Securities
Act").  However, in connection with the Closing of the Investment Transaction,
the Company will enter into an amendment to its existing Registration Rights
Agreement dated December 13, 2010 with the Investor (the "Registration Rights
Agreement") (the "Registration Rights Agreement Amendment"), to include the
shares of the Company's Common Stock issuable upon conversion of the Shares as
"Registrable Securities" under the Registration Rights Agreement.
A
copy of the Company's June 19, 2012 press release announcing the Investment
Transaction is filed herewith as Exhibit 99.1 to this Current Report on Form
8-K.  Each of the material agreements relating to the Investment Transaction is
summarized below.  The summaries do not purport to be complete and are
qualified in their entirety by the full text of the related agreements, copies
of which are filed as exhibits to this Current Report on Form 8-K.
Securities
Purchase Agreement
As
described above, on June 13, 2012, the Company and the Investor entered into
the Purchase Agreement, pursuant to which the Company has agreed to sell and
issue to the Investor, and the Investor has agreed to purchase form the
Company, 473,934 Shares of newly designated Series C Preferred Stock of the
Company, at a purchase price of $4.22 per share.  The Purchase Agreement
contains customary representations and warranties by the Company, which are in
certain cases modified by "materiality" and "knowledge" qualifiers.
2
The
Purchase Agreement provides that the obligation of the Investor to complete the
purchase of the Shares at the Closing is subject to certain conditions (which
may be waived by the Investor), including:
(i)
that the Registration Rights Agreement Amendment has been duly executed by the
Company and delivered to the Investor;
(ii)
that the representations and warranties of the Company contained in the
Purchase Agreement are true and correct in all material respects (or true and
correct in all respects as to representations and warranties which are
qualified by materiality) as of the Closing as though made on and as of such
date;
(iii)
that the Company has received all consents, waivers, authorizations and
approvals from third parties necessary in connection with the Investment
Transaction;
(iv)
that the Company's stockholders have approved and authorized the Investment
Transaction, including the approval of stockholders holding a majority of the
outstanding shares of Common Stock not held by the Investor or its affiliates;
and
(v)
that the Company has filed the Certificate of Designations with the Nevada
Secretary of State.
The
Company has agreed to indemnify the Investor (and certain "Investor Parties" as
defined in the Purchase Agreement) for all liabilities, losses or damages as a
result of or relating to any breach of any representations, warranties,
covenants or agreements made by the Company in the Purchase Agreement.
The
Purchase Agreement provides that after the Closing, for so long as the Investor
holds at least 50 percent of the Company's outstanding capital stock, (i) the
Company's Board of Directors shall consist of no more than seven members, and
(ii) the Investor with have the right to designate four members of the Board. 
In addition, the Purchase Agreement provides that, for so long as the Investor
continues to hold at least 75 percent of the Shares and/or the shares of Common
Stock issuable upon conversion thereof, the Investor will have a right of first
refusal to purchase additional securities which are offered and sold by the
Company for the purpose of maintaining its percentage ownership interest in the
Company as of the Closing of the Investment Transaction.
The
Purchase Agreement may be terminated at any time prior to the Closing only as
follows:
by
     the Investor or the Company, if the Closing has not occurred by September
     30, 2012, provided that the right to terminate shall not be available to
     either party whose failure to perform its obligations under the Purchase
     Agreement is the primary cause of the failure of the Closing to have
     occurred by such date;
by
     the Investor or the Company, if the Company's stockholders do not vote to
     approve the Investment Transaction;
at
     any time by mutual agreement of the Company and the Investor; or
by
     either the Company or the Investor, if there has been a material breach of
     any representation, warranty, covenant or obligation of the other party
     contained in the Purchase Agreement, which has not been cured within 15
     days after notice thereof.
A
copy the Purchase Agreement dated June 13, 2012 is attached as Exhibit 10.1 to
this Current Report on Form 8-K.
3
Certificate
of Designations
The
disclosure required by Item 1.01 in connection with the Certificate of
Designations is included in Item 3.02 below and is hereby incorporated herein
by reference.
Registration
Rights Agreement Amendment
The
disclosure required by Item 1.01 in connection with the Registration Rights
Agreement Amendment is included in Item 3.02 below and is hereby incorporated
herein by reference.
Item
3.02        Unregistered Sales of Equity Securities.
The
information disclosed under Item 1.01 of this Current Report on Form 8-K is
incorporated into this Item 3.02 in its entirety.  The Company has agreed to
the Investment Transaction in reliance upon the exemption from the registration
requirements of the Securities Act set forth in Section 4(2) thereof and Rule
506 promulgated thereunder, and in reliance upon the Investment Transaction
being a transaction by the Company not involving any public offering.  The
Securities will be deemed "restricted securities" under Rule 144 promulgated
under the Securities Act.
The
rights, preferences, and privileges of the Shares will be set forth in a
Certificate of Designations for the Series C Preferred Stock (the "Certificate
of Designations"), which will be filed with the Nevada Secretary of State prior
to the Closing as a condition thereof.  The rights, preferences, and privileges
of the Shares will be as follows:
Following
     the Closing, Dividends shall accrue on shares of Series C Preferred Stock
     at the rate of 8.0% per annum of the original issue price of $4.22 per
     share, with such accrued dividends payable quarterly.  The accrued
     dividends on shares of Series C Preferred Stock shall be payable prior and
     in preference to any dividends on the Company's Common Stock.  In the
     event the Series C Preferred Stock has not been converted to Common Stock
     within 18 months following the Closing, thereafter (i) the rate of the
     accrued dividends shall increase to 15.0% per annum from the date that is
     18 months after the Closing until converted or redeemed by the Company,
     and (ii) the Company may upon the approval of a majority of the
     disinterested members of the Board of Directors redeem all or from time to
     time a portion of the Series C Preferred Stock by payment of its
     liquidation preference.
In
     the event of any voluntary or involuntary liquidation, dissolution, or
     winding up of the Company, or a transaction which is deemed to be a
     liquidation pursuant to the Certificate of Designations, holders of Series
     C Preferred Stock shall be entitled be entitled to receive a preference
     payment equal to the original issue price of $4.22 per share, plus any
     accrued but unpaid dividends, before any assets of the Company are
     distributed to holders of the Company's Common Stock.
Shares
     of Series C Preferred Stock shall vote together with the Common Stock on
     an as-if-converted basis.  In addition, shares of Series C Preferred Stock
     shall have the right to vote, as a separate class, on certain major
     corporate transactions.
Shares
     of Series C Preferred Stock shall be convertible into shares of Common
     Stock at any time, at a conversion ratio shall be two shares of Common
     Stock for each share of Series C Preferred Stock converted (subject to
     adjustment in the event of any stock split, combination, reorganization, or
     reclassification of the Common Stock.)
4
The
     Company may require the conversion of all outstanding shares of Series C
     Preferred Stock into shares of Common Stock at the above conversion ratio
     at any time after 36 months following the Closing based upon the public
     trading price and the trading volume of the Common Stock.  In addition,
     the Series C Preferred Stock shall automatically convert to Common Stock
     upon a qualified public offering of the Company's Common Stock based upon
     the size and price of such public offering or a sale of all or
     substantially of the Company's assets.
The
form of Certificate of Designations is attached as Exhibit 4.1 to this Current
Report on Form 8-K.
Effective
at the Closing, the Company will enter into a Registration Rights Agreement
Amendment with the Investor to include the shares of the Company's Common Stock
issuable upon conversion of the Shares as "Registrable Securities" under the
Registration Rights Agreement.
The
form of Registration Rights Agreement Amendment is attached as Exhibit 4.2 to
this Current Report on Form 8-K.
Item
8.01        Other Events
As
set forth above, on June 19, 2012, the Company issued a press release
announcing the execution of the Purchase Agreement and the Investment
Transaction.  A copy of the Company's press release is filed herewith as
Exhibit 99.1 to this Current Report on Form 8-K.
Item
9.01         Financial Statements and Exhibits.
(d)        Exhibits. 
The following exhibits are filed as part of this report:
Exhibit
Number
Description
4.1
Form
  of Certificate of Designations of Series C Preferred Stock
4.2
Form
  of First Amendment to Registration Rights Agreement
10.1
Securities
  Purchase Agreement between the Company and Small Island Investments Limited,
  dated June 13, 2012.
99.1
Company
  Press Release dated June 19, 2012.
Important
Information
This
Current Report on Form 8-K shall not constitute an offer to sell or the
solicitation of an offer to buy any security.  The shares of the Company's
Series C Preferred Stock to be issued and purchased in the Investment
Transaction, and the shares of the Company's Common Stock issuable upon
conversion thereof, are being so issued and purchased pursuant to an applicable
exemption from the registration requirements of the Securities Act and applicable
state securities laws.
5
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 19, 2012
By
:/s/
  Boyd E. Hoback
Boyd
  E. Hoback
President
  and Chief Executive Officer
6