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<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=637
 style='width:477.9pt;border-collapse:collapse'>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle><b>&nbsp;</b></p>
  <p class=MsoTitle><b>&nbsp;</b></p>
  <p class=MsoTitle><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle><b>UNITED STATES</b></p>
  <p class=MsoTitle><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <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'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>Washington, D.C. 20549</p>
  </td>
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  <td width=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
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 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>FORM 8-K</b></p>
  </td>
 </tr>
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  <td width=637 colspan=4 valign=top style='width:477.9pt;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=637 colspan=4 valign=top style='width:477.9pt;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=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <h3>Pursuant to Section 13 or 15(d) of the
  Securities Exchange Act of 1934</h3>
  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;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=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>December 5, 2011</p>
  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;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=637 colspan=4 valign=top style='width:477.9pt;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=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=253 colspan=2 valign=top style='width:189.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Nevada</p>
  </td>
  <td width=131 valign=top style='width:98.1pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>000-18590</p>
  </td>
  <td width=253 valign=top style='width:189.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>84-1133368</p>
  </td>
 </tr>
 <tr>
  <td width=253 colspan=2 valign=top style='width:189.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>(State or other
  jurisdiction</p>
  </td>
  <td width=131 valign=top style='width:98.1pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>(Commission</p>
  </td>
  <td width=253 valign=top style='width:189.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>(IRS Employer</p>
  </td>
 </tr>
 <tr>
  <td width=253 colspan=2 valign=top style='width:189.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>of incorporation)</p>
  </td>
  <td width=131 valign=top style='width:98.1pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>File Number)</p>
  </td>
  <td width=253 valign=top style='width:189.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Identification No.)</p>
  </td>
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  <td width=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>601 Corporate Circle, Golden, Colorado 80401</p>
  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;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>
  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;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=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>Not applicable</p>
  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;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=637 colspan=4 valign=top style='width:477.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=637 colspan=4 valign=top style='width:477.9pt;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'>
  <p class=MsoNormal>[&nbsp; ]</p>
  </td>
  <td width=600 colspan=3 valign=top style='width:6.25in;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'>
  <p class=MsoNormal>[&nbsp; ]</p>
  </td>
  <td width=600 colspan=3 valign=top style='width:6.25in;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'>
  <p class=MsoNormal>[&nbsp; ]</p>
  </td>
  <td width=600 colspan=3 valign=top style='width:6.25in;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'>
  <p class=MsoNormal>[&nbsp; ]</p>
  </td>
  <td width=600 colspan=3 valign=top style='width:6.25in;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=216 style='border:none'></td>
  <td width=131 style='border:none'></td>
  <td width=253 style='border:none'></td>
 </tr>
</table>



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<p class=MsoNormal><b>Item 2.04&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Triggering
Events That Accelerate or Increase a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement.</b></p>



<p class=MsoNormal>On December 5, 2011, Good
Times Restaurants Inc. and its subsidiary Good Times Drive Thru Inc. (together,
the &quot;Company&quot;) received notice from Wells Fargo Bank, N.A. (the &quot;Bank&quot;) that the
Company is currently not in compliance with certain covenants under the Amended
and Restated Credit Agreement dated December 10, 2010 (the &quot;Credit Agreement&quot;),
including covenants requiring that the Company's tangible net worth not be less
than $2,500,000 at any time and that the Company deliver certain landlord's
disclaimer and consent documents to the Bank.</p>



<p class=MsoNormal>The Company disputes the
landlord disclaimer and consent default and is in&nbsp;compliance with the
Credit Agreement provisions for required payments to the Bank.&nbsp; The Company is renegotiating
the terms of the Credit Agreement with the Bank in connection with the sale of
one of its restaurants, including revisions to the financial covenants, and is seeking
a waiver from the Bank of the financial covenant non-compliance.</p>



<p class=MsoNormal>Under the Credit Agreement,
the Bank revised the terms of a $1,100,000 loan to the Company which is to be
repaid in installments, with the final payment due on May 1, 2015.&nbsp; The Credit
Agreement provides that upon the occurrence of an event of default all
outstanding debt to the Bank shall, at the Bank's option and without notice,
become due and payable by the Company immediately, and that the Bank shall have
the right to resort to the security for repayment of the debt.&nbsp; The Bank is not
presently exercising its rights and remedies available upon an event of default,
though it has reserved its right to do so at any time in its sole discretion,
including its right to charge default interest.&nbsp; </p>



<p class=MsoNormal>As of November 30, 2011, $490,100
was outstanding under the loan and the Company anticipates reducing the
principal amount by an additional $100,000 from the proceeds of the sale of a
restaurant in connection with the renegotiation of the terms of the Credit
Agreement.&nbsp; Repayment of the loan is secured by equipment in various
restaurants owned by the Company.</p>



<p class=Style0 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
0in'>Information contained in this report, other than
historical information, may be considered forward looking in nature and is
subject to known and unknown risks, which may cause the Company's actual
results to differ materially from results expressed or implied by the forward
looking information.&nbsp; These risks include such factors as the pending and uncertain
nature of the Company's efforts to obtain a waiver for a loan agreement
default, the pending and uncertain nature of the Company's efforts to obtain
additional financing, the pending and uncertain nature of the Company's new
brand initiatives, delays in developing and opening new restaurants due to
adverse credit market and other economic conditions, weather, local permitting
matters, increased competition, cost increases or shortages in raw food
products, continued widespread adverse economic conditions and other matters
discussed in the &quot;Risk Factors&quot; section of the Company's Annual Report on Form
10-K for the fiscal year ended September 30, 2010.&nbsp; Although the Company may
from time to time voluntarily update its forward looking statements, it
disclaims any commitment to do so except as required by securities laws.</p>



<p class=Style0 align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;text-indent:.5in'>2</p>



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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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  </td>
  <td width=42 valign=top style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=288 valign=top style='width:216.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>GOOD TIMES RESTAURANTS INC.</p>
  </td>
 </tr>
 <tr>
  <td width=241 valign=top style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=42 valign=top style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=288 valign=top style='width:216.05pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
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  <td width=241 valign=top style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Date:&nbsp; December 9, 2011</p>
  </td>
  <td width=42 valign=top style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By:</p>
  </td>
  <td width=288 valign=top style='width:216.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><u>/s/ Boyd E Hoback</u></p>
  </td>
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  <td width=241 valign=top style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=42 valign=top style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=288 valign=top style='width:216.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Boyd E. Hoback</p>
  </td>
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  </td>
  <td width=42 valign=top style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=288 valign=top style='width:216.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>President and Chief
  Executive Officer</p>
  </td>
 </tr>
</table>



<p class=MsoNormal align=center style='text-align:center'>3</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": "111254171"}, "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)
December 5, 2011
Good Times Restaurants Inc.
(Exact name of registrant as specified in its
  charter)
Nevada
000-18590
84-1133368
(State or other
  jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
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 2.04        Triggering
Events That Accelerate or Increase a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement.
On December 5, 2011, Good
Times Restaurants Inc. and its subsidiary Good Times Drive Thru Inc. (together,
the "Company") received notice from Wells Fargo Bank, N.A. (the "Bank") that the
Company is currently not in compliance with certain covenants under the Amended
and Restated Credit Agreement dated December 10, 2010 (the "Credit Agreement"),
including covenants requiring that the Company's tangible net worth not be less
than $2,500,000 at any time and that the Company deliver certain landlord's
disclaimer and consent documents to the Bank.
The Company disputes the
landlord disclaimer and consent default and is in compliance with the
Credit Agreement provisions for required payments to the Bank.  The Company is renegotiating
the terms of the Credit Agreement with the Bank in connection with the sale of
one of its restaurants, including revisions to the financial covenants, and is seeking
a waiver from the Bank of the financial covenant non-compliance.
Under the Credit Agreement,
the Bank revised the terms of a $1,100,000 loan to the Company which is to be
repaid in installments, with the final payment due on May 1, 2015.  The Credit
Agreement provides that upon the occurrence of an event of default all
outstanding debt to the Bank shall, at the Bank's option and without notice,
become due and payable by the Company immediately, and that the Bank shall have
the right to resort to the security for repayment of the debt.  The Bank is not
presently exercising its rights and remedies available upon an event of default,
though it has reserved its right to do so at any time in its sole discretion,
including its right to charge default interest.
As of November 30, 2011, $490,100
was outstanding under the loan and the Company anticipates reducing the
principal amount by an additional $100,000 from the proceeds of the sale of a
restaurant in connection with the renegotiation of the terms of the Credit
Agreement.  Repayment of the loan is secured by equipment in various
restaurants owned by the Company.
Information contained in this report, other than
historical information, may be considered forward looking in nature and is
subject to known and unknown risks, which may cause the Company's actual
results to differ materially from results expressed or implied by the forward
looking information.  These risks include such factors as the pending and uncertain
nature of the Company's efforts to obtain a waiver for a loan agreement
default, the pending and uncertain nature of the Company's efforts to obtain
additional financing, the pending and uncertain nature of the Company's new
brand initiatives, delays in developing and opening new restaurants due to
adverse credit market and other economic conditions, weather, local permitting
matters, increased competition, cost increases or shortages in raw food
products, continued widespread adverse economic conditions and other matters
discussed in the "Risk Factors" section of the Company's Annual Report on Form
10-K for the fiscal year ended September 30, 2010.  Although the Company may
from time to time voluntarily update its forward looking statements, it
disclaims any commitment to do so except as required by securities laws.
2
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 9, 2011
By:
/s/ Boyd E Hoback
Boyd E. Hoback
President and Chief
  Executive Officer
3