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<title>Form 8-K</title>



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

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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'>December 30, 2010</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>



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

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  <h3>Nevada</h3>
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  <p class=MsoNormal align=center style='text-align:center'>000-18590</p>
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  <td width=217 valign=top style='width:162.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center'>84-1133368</p>
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  <p class=MsoNormal align=center style='text-align:center'>(State or other jurisdiction of incorporation)</p>
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  <p class=MsoNormal align=center style='text-align:center'>(Commission File Number)</p>
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  <p class=MsoNormal align=center style='text-align:center'>(IRS Employer Identification No.)</p>
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<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.):</p>



<p class=MsoNormal>[_] Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p>



<p class=MsoNormal>[_] Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>



<p class=MsoNormal>[_] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</p>



<p class=MsoNormal>[_] 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:1.0in;text-indent:-1.0in'><b>ITEM 3.01&nbsp;&nbsp;&nbsp;&nbsp; Notice of Delisting or
Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.</b></p>



<p class=MsoNormal><u>Minimum
Stockholders' Equity Requirement</u></p>



<p class=MsoNormal style='text-align:justify'>On August 18, 2010, Good Times Restaurants Inc. (&quot;we,&quot; &quot;us,&quot; &quot;our,&quot;
&quot;Good Times&quot; or the &quot;Company&quot;) received a notice from The NASDAQ Stock Market (&quot;NASDAQ&quot;)
informing us that the NASDAQ staff had determined that the Company did not
comply with or satisfy NASDAQ Listing Rule 5550(b) (formerly Marketplace Rule
4310(c)(2)(B)) for continued listing on the NASDAQ Capital Market, which
requires that the Company maintain minimum stockholders' equity of $2,500,000
or $35,000,000 market value of listed securities or $500,000 of net income from
continuing operations for the most recently completed fiscal year or two of the
three most recently completed fiscal years. On October 4, 2010 the Company
provided a specific plan to achieve and sustain compliance with the NASDAQ
Capital Market listing requirements, including the time frame for completion of
the plan.&nbsp; On November 24, 2010 the Company received a letter from NASDAQ
allowing the Company until December 31, 2010 to evidence compliance.&nbsp; </p>



<p class=MsoNormal style='text-align:justify'>As previously disclosed in a current report filed on December 17,
2010 the Company completed the sale of $2.1 million of its common stock to
Small Island Investments Limited (&quot;SII&quot;) on December 13, 2010.&nbsp; As of the date
of this report, we believe we have regained compliance with the stockholders'
equity requirement for continued listing on the NASDAQ Capital Market based on
the successful closing of the SII transaction and the resulting increase in our
stockholders' equity.&nbsp; NASDAQ will continue to monitor the Company's ongoing
compliance of the stockholders' equity requirement under Listing Rule 5550(b)
and, if we do not evidence compliance at the time of the Company's quarterly
report for the period ending December 31, 2010, the Company may be subject to
delisting.&nbsp;&nbsp; </p>





<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>





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  <p><b>GOOD TIMES RESTAURANTS INC.</b></p>
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  <p class=MsoNormal>Date: December 30, 2010</p>
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  <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>
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  <p class=MsoNormal>Boyd E. Hoback</p>
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  <p class=MsoNormal>President and Chief
  Executive Officer</p>
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Form 8-K
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)
December 30, 2010
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.
Minimum
Stockholders' Equity Requirement
On August 18, 2010, Good Times Restaurants Inc. ("we," "us," "our,"
"Good Times" or the "Company") received a notice from The NASDAQ Stock Market ("NASDAQ")
informing us that the NASDAQ staff had determined that the Company did not
comply with or satisfy NASDAQ Listing Rule 5550(b) (formerly Marketplace Rule
4310(c)(2)(B)) for continued listing on the NASDAQ Capital Market, which
requires that the Company maintain minimum stockholders' equity of $2,500,000
or $35,000,000 market value of listed securities or $500,000 of net income from
continuing operations for the most recently completed fiscal year or two of the
three most recently completed fiscal years. On October 4, 2010 the Company
provided a specific plan to achieve and sustain compliance with the NASDAQ
Capital Market listing requirements, including the time frame for completion of
the plan.  On November 24, 2010 the Company received a letter from NASDAQ
allowing the Company until December 31, 2010 to evidence compliance.
As previously disclosed in a current report filed on December 17,
2010 the Company completed the sale of $2.1 million of its common stock to
Small Island Investments Limited ("SII") on December 13, 2010.  As of the date
of this report, we believe we have regained compliance with the stockholders'
equity requirement for continued listing on the NASDAQ Capital Market based on
the successful closing of the SII transaction and the resulting increase in our
stockholders' equity.  NASDAQ will continue to monitor the Company's ongoing
compliance of the stockholders' equity requirement under Listing Rule 5550(b)
and, if we do not evidence compliance at the time of the Company's quarterly
report for the period ending December 31, 2010, the Company may be subject to
delisting.
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: December 30, 2010
/s/ Boyd E. Hoback
Boyd E. Hoback
President and Chief
  Executive Officer
2