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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'>January 29, 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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  <p class=MsoNormal>Nevada</p>
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  <td width=234 valign=top style='width:175.15pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>000-18590</p>
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  <td width=168 valign=top style='width:126.35pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>84-1133368</p>
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  <p class=MsoNormal>(State or other
  jurisdiction</p>
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  <td width=234 valign=top style='width:175.15pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>(Commission File Number)</p>
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  <p class=MsoNormal>(IRS Employer</p>
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  <p class=MsoNormal>of incorporation)</p>
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  <p class=MsoNormal>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.):<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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<pre><b>Item 1.01 Entry Into A Material Definitive Agreement</b></pre><pre>&nbsp;</pre><pre>On January 24, 2008, at the Annual Meeting of Shareholders of Good Times Restaurants, Inc. (the &quot;Company&quot;), the shareholders of the Company approved the Good Times Restaurants, Inc. 2008 Omnibus Equity Plan (the &quot;Omnibus Plan&quot;), which was previously approved by the Compensation Committee of the Board of Directors and further approved and adopted by the Board of Directors of the Company on December 6, 2007, subject to shareholder approval. The Omnibus Plan became effective upon approval by the shareholders of the Company.</pre><pre><br>
For a description of the material features of the Omnibus Plan, please refer to the Company's Definitive Proxy Statement for the Annual Meeting of Shareholders held on January 24, 2008, a copy of which was filed with the Securities and Exchange Commission (the &quot;Commission&quot;) on December 28, 2007.</pre><pre>&nbsp;</pre><pre><b>Item 9.01 Financial Statements and Exhibits</b></pre><pre><br>
The following Exhibit is furnished as part of this report:</pre><pre>&nbsp;</pre>

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  <p><b>Description</b></p>
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  <p>10.1</p>
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  <td width=511 valign=top style='width:383.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p>2008 Omnibus Equity Plan</p>
  </td>
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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>





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  <p class=MsoNormal><b>GOOD TIMES RESTAURANTS
  INC.</b></p>
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  <p class=MsoNormal>Date:&nbsp; January 30, 2008</p>
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  <td width=350 valign=top style='width:3.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By: <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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{"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": "08561058"}, "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)
January 29, 2008
Good Times Restaurants Inc.
(Exact name of registrant as specified in its charter)
Nevada
000-18590
84-1133368
(State or other
  jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
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
On January 24, 2008, at the Annual Meeting of Shareholders of Good Times Restaurants, Inc. (the "Company"), the shareholders of the Company approved the Good Times Restaurants, Inc. 2008 Omnibus Equity Plan (the "Omnibus Plan"), which was previously approved by the Compensation Committee of the Board of Directors and further approved and adopted by the Board of Directors of the Company on December 6, 2007, subject to shareholder approval. The Omnibus Plan became effective upon approval by the shareholders of the Company.
For a description of the material features of the Omnibus Plan, please refer to the Company's Definitive Proxy Statement for the Annual Meeting of Shareholders held on January 24, 2008, a copy of which was filed with the Securities and Exchange Commission (the "Commission") on December 28, 2007.
Item 9.01 Financial Statements and Exhibits
The following Exhibit is furnished as part of this report:
Exhibit No.
Description
10.1
2008 Omnibus Equity Plan
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:  January 30, 2008
By:
/s/ Boyd E. Hoback
Boyd E. Hoback
President and Chief
  Executive Officer
2