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<p class=MsoHeader><font size=2 face="Times New Roman">&nbsp;</font></p>

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<p class=MsoTitle><b><font size=3 face="Times New Roman">&nbsp;</font></b></p>

<p class=MsoTitle><b><font size=2 face="Times New Roman">UNITED STATES</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Washington</font><font
 size=2>, D.C. 20549</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">FORM 8-K</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">&nbsp;</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">CURRENT
REPORT</font></b></p>

<p class=MsoNormal><b><font size=2 face="Times New Roman">&nbsp;</font></b></p>

<h3><b><font size=2 face="Times New Roman">Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b></h3>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">Date of Report (Date of
earliest event reported)</font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">August 14, 2009</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">Good
Times Restaurants Inc.</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">(Exact name of registrant
as specified in its charter)</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:36.9pt;border-collapse:collapse;border:none' width="1001">
 <tr>
  <td valign=top style='width:359;border:1.0pt solid black;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
    face="Times New Roman">Nevada</font></p>
  </td>
  <td valign=top style='border-right:1.0pt solid black; border-top:1.0pt solid black; border-bottom:1.0pt solid black; width:281;border-left:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">000-18590</font></p>
  </td>
  <td valign=top style='border-right:1.0pt solid black; border-top:1.0pt solid black; border-bottom:1.0pt solid black; width:315;border-left:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">84-1133368</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border-left:1.0pt solid black; border-right:1.0pt solid black; border-bottom:1.0pt solid black; width:359;border-top:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">(State or other
  jurisdiction of incorporation)</font></p>
  </td>
  <td valign=top style='width:281;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid black;border-right:1.0pt solid black;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">(Commission File
  Number)</font></p>
  </td>
  <td valign=top style='width:315;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid black;border-right:1.0pt solid black;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">(IRS Employer
  Identification No.)</font></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">601 Corporate Circle, Golden, Colorado 80401</font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">(Address of principal
executive offices)&nbsp;&nbsp; (Zip Code)</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">Registrant's telephone
number, including area code: (303) 384-1400</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">Not applicable</font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">(Former name or former
address, if changed since last report.)</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">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.):</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">[x] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)<br>
<br>
</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">[&nbsp; ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)<br>
<br>
</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">[&nbsp; ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))<br>
<br>
</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">[&nbsp; ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))</font></p>

<p class=MsoFooter><font size=2 face="Times New Roman">&nbsp;</font></p>

<div class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">

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</font></div>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<font size=2 face="Times New Roman"><br clear=all style='page-break-before:always'>
</font>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoHeader><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='text-autospace:none'><b><font size=2 color="#000033"
face="Times New Roman">Item&nbsp; 8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Events</font></b></p>

<p class=MsoNormal style='text-autospace:none'><b><font size=2 color=black
face="Times New Roman">&nbsp;</font></b></p>

<p class=MsoNormal style='text-indent:.5in;text-autospace:none'><font size=2
face="Times New Roman">On August 14, 2009, Good
Times Restaurants Inc. and its wholly subsidiary Good Times Drive Thru Inc. (the
&quot;Company&quot;) entered into a strategic advisory services agreement (the &quot;Agreement&quot;)
with Mastodon Ventures, Inc. (&quot;Mastodon&quot;), pursuant to which Mastodon will
provide the Company with exclusive advisory services related to the possible
restructuring of certain lease and debt agreements of the Company and the
identification of possible additional sources of capital for the Company (the
&quot;Restructuring Plan&quot;).&nbsp; The services include but are not limited to assistance
with the preparation of information, structuring of a plan, negotiations with
potential investors, preparation of any documents required to be filed with
federal and state agencies relating to a Restructuring Plan and analyzing other
strategic alternatives that will further the long-term&nbsp;business prospects
of the Company and provide incremental value to its shareholders.</font></p>

<p class=MsoNormal style='text-indent:.5in;text-autospace:none'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='text-indent:.5in;text-autospace:none'><font size=2
face="Times New Roman">While the Agreement
provides that Mastodon is being engaged by the Company as an advisor to the
Company&nbsp;to explore strategic options, Mastodon understands that the Board
of Directors of the Company has appointed a Special Committee to consider
certain of&nbsp;such options on behalf of the shareholders of the
Company.&nbsp; Mastodon agrees that its services shall
include&nbsp;communicating with such Special Committee as it may reasonably
request&nbsp;and, if&nbsp;directed by such committee, Mastodon shall hold</font></p>

<p class=MsoNormal style='text-autospace:none'><font size=2
face="Times New Roman">such communications in
confidence.&nbsp;</font></p>

<p class=MsoNormal style='text-autospace:none'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='text-autospace:none'><font size=2
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The foregoing
summary of the Agreement is qualified in its entirety by reference to the full
text of the Agreement, which is filed as Exhibit 10.1 to this Current Report on
Form 8-K and incorporated herein by reference.</font></p>

<p class=MsoNormal style='text-autospace:none'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='text-align:justify'><font size=2
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On August 14,
2009 the company issued a press release announcing the formation of a Special
Committee of its board of directors to </font><font size=3>explore and evaluate strategic alternatives aimed at
enhancing shareholder value and explore alternatives to reduce the cost burdens
of being a publicly held entity and the entry into a strategic advisory
services agreement with Mastodon </font><font size=2>Ventures, Inc.</font><font size=3>&nbsp; A copy of the press release is filed as Exhibit 99.1
to this report.&nbsp; </font></p>

<p class=MsoNormal style='text-autospace:none'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='text-align:justify'><b><font size=2
face="Times New Roman">Item
9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and Exhibits.</font></b></p>

<p class=MsoNormal style='text-align:justify'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='text-indent:.5in'><font size=2 face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.&nbsp; The following exhibits are filed
as part of this report:</font></p>

<p class=MsoNormal style='text-indent:.5in'><font size=2 face="Times New Roman">&nbsp;</font></p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=576
 style='width:6.0in;margin-left:662.95pt;border-collapse:collapse'>
 <tr>
  <td width=67 valign=top style='width:50.15pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Exhibit</font></p>
  <p class=MsoNormal align=center style='text-align:center'><u><font size=2
  face="Times New Roman">Number</font></u></p>
  </td>
  <td width=509 valign=top style='width:381.85pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><u><font size=2 face="Times New Roman">&nbsp;</font></u></p>
  <p class=MsoNormal><u><font size=2 face="Times New Roman">Description</font></u></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:50.15pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">10.1</font></p>
  </td>
  <td width=509 valign=top style='width:381.85pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">Agreement dated August 14, 2009 among Good Times
  Restaurants Inc. and Good Times Drive Thru Inc. and Mastodon Ventures, Inc.</font></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:50.15pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">99.1</font></p>
  </td>
  <td width=509 valign=top style='width:381.85pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">Press release dated August 14, 2009 </font></p>
  </td>
 </tr>
</table>

</div>

<p class=MsoNormal style='text-align:justify'><font size=3
face="Times New Roman">&nbsp;</font></p>

<h3><b><font size=2 face="Times New Roman">SIGNATURES</font></b></h3>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoBodyTextIndent3><font size=2 face="Times New Roman">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.</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&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.</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:.7in;border-collapse:collapse'>
 <tr>
  <td width=221 valign=top style='width:2.3in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">Date:&nbsp; August 14, 2009</font></p>
  </td>
  <td width=350 valign=top style='width:3.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">By:&nbsp; <i><u>/s/ Boyd
  E. Hoback</u></i></font></p>
  </td>
 </tr>
 <tr>
  <td width=221 valign=top style='width:2.3in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=350 valign=top style='width:3.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">Boyd E. Hoback</font></p>
  </td>
 </tr>
 <tr>
  <td width=221 valign=top style='width:2.3in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=350 valign=top style='width:3.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">President and Chief Executive Officer</font></p>
  </td>
 </tr>
</table>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p class=MsoFooter><font size=3 face="Times New Roman">2</font></p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>

<p class=MsoFooter><font size=1 face=Arial>&nbsp;</font></p>

<div class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">

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

</font></div>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></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": "10538204"}, "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)
August 14, 2009
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.):
[x] 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  8.01       Other Events
On August 14, 2009, Good
Times Restaurants Inc. and its wholly subsidiary Good Times Drive Thru Inc. (the
"Company") entered into a strategic advisory services agreement (the "Agreement")
with Mastodon Ventures, Inc. ("Mastodon"), pursuant to which Mastodon will
provide the Company with exclusive advisory services related to the possible
restructuring of certain lease and debt agreements of the Company and the
identification of possible additional sources of capital for the Company (the
"Restructuring Plan").  The services include but are not limited to assistance
with the preparation of information, structuring of a plan, negotiations with
potential investors, preparation of any documents required to be filed with
federal and state agencies relating to a Restructuring Plan and analyzing other
strategic alternatives that will further the long-term business prospects
of the Company and provide incremental value to its shareholders.
While the Agreement
provides that Mastodon is being engaged by the Company as an advisor to the
Company to explore strategic options, Mastodon understands that the Board
of Directors of the Company has appointed a Special Committee to consider
certain of such options on behalf of the shareholders of the
Company.  Mastodon agrees that its services shall
include communicating with such Special Committee as it may reasonably
request and, if directed by such committee, Mastodon shall hold
such communications in
confidence.
The foregoing
summary of the Agreement is qualified in its entirety by reference to the full
text of the Agreement, which is filed as Exhibit 10.1 to this Current Report on
Form 8-K and incorporated herein by reference.
On August 14,
2009 the company issued a press release announcing the formation of a Special
Committee of its board of directors to
explore and evaluate strategic alternatives aimed at
enhancing shareholder value and explore alternatives to reduce the cost burdens
of being a publicly held entity and the entry into a strategic advisory
services agreement with Mastodon
Ventures, Inc.
A copy of the press release is filed as Exhibit 99.1
to this report.
Item
9.01        Financial Statements and Exhibits.
(d)        Exhibits.  The following exhibits are filed
as part of this report:
Exhibit
Number
Description
10.1
Agreement dated August 14, 2009 among Good Times
  Restaurants Inc. and Good Times Drive Thru Inc. and Mastodon Ventures, Inc.
99.1
Press release dated August 14, 2009
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:  August 14, 2009
By:
/s/ Boyd
  E. Hoback
Boyd E. Hoback
President and Chief Executive Officer
2