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<p class=MsoNormal align=right style='text-align:right'>As filed with the Securities and Exchange Commission on December 18,
2008</p>

<p class=MsoNormal align=right style='text-align:right'>Registration No. 333-________</p>



<p class=MsoNormal align=center style='text-align:center'>UNITED STATES</p>

<p class=MsoNormal align=center style='text-align:center'>SECURITIES AND EXCHANGE COMMISSION</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 S-8</b></p>



<p class=MsoNormal align=center style='text-align:center'>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF
1933</p>

<p class=Preformatted align=center style='text-align:center'><u>&nbsp;</u></p>

<p class=Preformatted align=center style='text-align:center'><b>Good Times
Restaurants Inc.</b></p>

<p class=Preformatted align=center style='text-align:center'>(Exact name of
registrant as specified in its charter)</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=331 valign=top style='width:3.45in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=Preformatted align=center style='text-align:center'>Nevada</p>
  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=Preformatted align=center style='text-align:center'>84-1133368</p>
  </td>
 </tr>
 <tr>
  <td width=331 valign=top style='width:3.45in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=Preformatted align=center style='text-align:center'>(State or
  other jurisdiction of incorporation or organization)</p>
  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=Preformatted align=center style='text-align:center'>(I.R.S.
  Employer Identification No.)</p>
  </td>
 </tr>
</table>





<p class=Preformatted align=center style='text-align:center'>601 Corporate
Circle, Golden, Colorado&nbsp; 80401</p>

<p class=Preformatted align=center style='text-align:center'>(Address of Principal
Executive Offices) (Zip Code)</p>



<p class=Preformatted align=center style='text-align:center'>2008 Omnibus
Equity Incentive Compensation Plan</p>

<p class=Preformatted align=center style='text-align:center'>(Full title of
the plan)</p>



<p class=Preformatted align=center style='text-align:center'>Boyd E. Hoback</p>

<p class=Preformatted align=center style='text-align:center'>President and
Chief Executive Officer</p>

<p class=Preformatted align=center style='text-align:center'>Good Times
Restaurants Inc.</p>

<p class=Preformatted align=center style='text-align:center'>601 Corporate
Circle</p>

<p class=Preformatted align=center style='text-align:center'>Golden,
Colorado&nbsp; 80401</p>

<p class=Preformatted align=center style='text-align:center'>(Name and
address of agent for service)</p>



<p class=Preformatted align=center style='text-align:center'>(303) 384-1400</p>

<p class=Preformatted align=center style='text-align:center'>(Telephone
number, including area code, of agent for service)</p>



<p class=Preformatted style='text-align:justify'>Indicate by check mark whether the
registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company.&nbsp; See the definitions of
&quot;large accelerated filer,&quot; &quot;accelerated filer&quot; and &quot;smaller reporting company&quot;
in Rule 12b-2 of the Exchange Act.</p>



<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border-collapse:collapse !msorm'>
 <tr style='height:12.95pt' style='height:12.95pt !msorm'>
  <td width=439 valign=top style='width:329.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm;
  height:12.95pt'>
  <p class=MsoNormal style='margin-bottom:6.0pt'>Large
  accelerated filer ( )</p>
  </td>
  <td width=199 valign=top style='width:149.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm;
  height:12.95pt'>
  <p class=MsoNormal style='margin-bottom:6.0pt'>Accelerated
  filer ( )</p>
  </td>
 </tr>
 <tr style='height:12.95pt' style='height:12.95pt !msorm'>
  <td width=439 valign=top style='width:329.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm;
  height:12.95pt'>
  <p class=MsoNormal style='margin-bottom:6.0pt'>Non-accelerated
  filer ( ) (Do not check if a smaller reporting company)</p>
  </td>
  <td width=199 valign=top style='width:149.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm;
  height:12.95pt'>
  <p class=MsoNormal style='margin-bottom:6.0pt'>Smaller
  reporting company (x)</p>
  </td>
 </tr>
</table>

</div>



<p class=H4 align=center style='margin-top:0in;margin-right:0in;margin-bottom:
12.0pt;margin-left:0in;text-align:center'>CALCULATION OF REGISTRATION FEE</p>

<div align=center>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=150 valign=bottom style='width:112.45pt;border:solid windowtext 1.0pt;
  padding:0in 2.25pt 0in 2.25pt'>
  <p class=MsoNormal align=center style='text-align:center'>Title of securities</p>
  <p class=MsoNormal align=center style='text-align:center'>to be registered</p>
  </td>
  <td width=108 valign=bottom style='width:81.0pt;border:solid windowtext 1.0pt;
  border-left:none;padding:0in 2.25pt 0in 2.25pt'>
  <p class=MsoNormal align=center style='text-align:center'>Amount to be</p>
  <p class=MsoNormal align=center style='text-align:center'>registered</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border:solid windowtext 1.0pt;
  border-left:none;padding:0in 2.25pt 0in 2.25pt'>
  <p class=MsoNormal align=center style='text-align:center'>Proposed maximum<br>
  offering price </p>
  <p class=MsoNormal align=center style='text-align:center'>per share</p>
  </td>
  <td width=120 valign=bottom style='width:1.25in;border:solid windowtext 1.0pt;
  border-left:none;padding:0in 2.25pt 0in 2.25pt'>
  <p class=MsoNormal align=center style='text-align:center'>Proposed maximum<br>
  aggregate offering</p>
  <p class=MsoNormal align=center style='text-align:center'>price</p>
  </td>
  <td width=96 valign=bottom style='width:71.95pt;border:solid windowtext 1.0pt;
  border-left:none;padding:0in 2.25pt 0in 2.25pt'>
  <p class=MsoNormal align=center style='text-align:center'>Amount of </p>
  <p class=MsoNormal align=center style='text-align:center'>registration fee</p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=bottom style='width:112.45pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 2.25pt 0in 2.25pt'>
  <p class=MsoNormal>Common Stock, $.001 par
  value</p>
  </td>
  <td width=108 valign=bottom style='width:81.0pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 2.25pt 0in 2.25pt'>
  <p class=MsoNormal align=center style='text-align:center'>450,000 shares (1)</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 2.25pt 0in 2.25pt'>
  <p class=MsoNormal align=center style='text-align:center'>$1.32 (2)</p>
  </td>
  <td width=120 valign=bottom style='width:1.25in;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 2.25pt 0in 2.25pt'>
  <p class=MsoNormal align=center style='text-align:center'>$594,000 (2)</p>
  </td>
  <td width=96 valign=bottom style='width:71.95pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 2.25pt 0in 2.25pt'>
  <p class=MsoNormal align=center style='text-align:center'>$33.15 (3)</p>
  </td>
 </tr>
</table>

</div>





<div class=MsoNormal align=center style='text-align:center'>

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

</div>



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<p class=MsoNormal style='margin-left:.25in;text-indent:-.25in;text-autospace:
none'>(1)&nbsp;&nbsp; Pursuant to Rule 416 under the
Securities Act of 1933, this registration statement shall be deemed to cover
any additional shares that become issuable as a result of a stock split, stock
dividend or similar transaction.</p>



<p class=MsoNormal style='margin-left:.25in;text-indent:-.25in;text-autospace:
none'>(2)&nbsp;&nbsp; Solely for the purpose of computing
the registration fee in accordance with Rule 457(h) under the Securities Act of
1933, the offering price shown is based upon the price of $1.32 per share,
which is the average of the high $1.32 and low $1.32 selling prices for the
registrant's common stock as reported on the NASDAQ Capital Market on December 12,
2008.</p>



<p class=MsoNormal style='margin-left:.25in;text-indent:-.25in'>(3)&nbsp;&nbsp; Calculated under Section 6(b) of the Securities
Act as 0.0000558 of $594,000.</p>





<p class=MsoNormal align=center style='text-align:center'><b>EXPLANATORY NOTE</b></p>



<p class=MsoNormal style='text-indent:.5in'>The
Good Times Restaurants Inc. 2008 Omnibus Equity Incentive Compensation Plan
(the &quot;Plan&quot;) shall serve as the successor to the Good Times Restaurants Inc.
2001 Stock Option Plan (the &quot;Predecessor Plan&quot;), and no further grants shall be
made under the Predecessor Plan from and after the effective date of the Plan.&nbsp;
The Plan covers a stated total of 150,000 shares of common stock, plus up to a
total of 300,000 shares of common stock covered under the Predecessor Plan
which may, subject to the terms and conditions of the Plan, become available
for issuance under the Plan.</p>



<p class=MsoFooter>&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;&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; 2</p>

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<p class=TitleC>Part I</p>

<p class=TitleC>Information
Required in the Section 10(a) Prospectus</p>

<p class=BodyText5>Documents containing the
information specified in Part I will be sent or given to participants in the
2008 Omnibus Equity Incentive Compensation Plan of Good Times Restaurants Inc.
as specified by Rule 428(b)(1) under the Securities Act of 1933.&nbsp; Those
documents and the documents incorporated by reference in this registration
statement pursuant to Item 3 of Part II hereof, taken together, constitute a
prospectus that meets the requirements of Section 10(a) of the Securities Act.</p>

<p class=TitleC>Part II</p>

<p class=TitleC>Information
Required in the Registration Statement</p>

<p class=TitleL>Item 3.&nbsp; Incorporation of
Documents by Reference.</p>

<p class=BodyText5>The following documents filed
by the registrant with the Securities and Exchange Commission are incorporated
by reference in this registration statement:</p>

<p class=MsoNormal style='margin-left:1.5in;text-indent:-.5in;text-autospace:
none'>(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The registrant's Annual Report
on Form 10-KSB for the year ended September 30, 2007;</p>



<p class=MsoNormal style='margin-left:1.5in;text-indent:-.5in;text-autospace:
none'>(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The registrant's Quarterly
Reports on Form 10-QSB for the quarterly periods ended December 31, 2007, March
31, 2008 and June 30, 2008;</p>



<p class=MsoNormal style='margin-left:1.5in;text-indent:-.5in;text-autospace:
none'>(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The registrant's Current
Reports on Form 8-K filed on December 6, 2007, December 31, 2007, January 30,
2008, March 12, 2008, June 26, 2008, July 2, 2008, and August 21, 2008 (in each
case, except for information furnished pursuant to Item 2.02 or Item 7.01
thereof); and</p>



<p class=MsoNormal style='margin-left:1.5in;text-indent:-.5in;text-autospace:
none'>(4) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The description of the
registrant's common stock, par value $.001, contained in the registrant's
Registration Statement on Form 8-A filed on May 14, 1990, including any further
amendments or reports filed for the purpose of updating such description.</p>



<p class=BodyText5>All documents filed by the
registrant subsequent to the date of this registration statement pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
prior to the filing of a post-effective amendment hereto which indicates that
all securities offered hereby have been sold or which deregisters any
securities then remaining unsold, shall be deemed to be incorporated by
reference in this registration statement and to be a part hereof from the date
of filing of such documents.</p>

<p class=BodyText5>Any statement contained
herein or in a document incorporated by reference in this registration
statement shall be deemed to be modified or superseded for purposes of this
registration statement to the extent that a statement contained herein, or in
any other subsequently filed document that also is or is deemed to be
incorporated by reference herein, modifies and supersedes such statement. Any
such statement so modified or superseded shall not be deemed, except as so
modified or superseded, to constitute a part of this registration statement.</p>

<p class=TitleL>Item 4.&nbsp; Description of
Securities.</p>

<p class=BodyText5>Not applicable.</p>

<p class=MsoFooter>&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;&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; 3</p>

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<p class=TitleL>Item 5.&nbsp; Interests of Named
Experts and Counsel.</p>

<p class=BodyText5>Not applicable.</p>

<p class=TitleL>Item 6.&nbsp; Indemnification of
Directors and Officers.</p>

<p class=BodyText5>The registrant is a Nevada
corporation.&nbsp; Nevada General Corporation Law contains provisions for the
indemnification and insurance of directors, officers, employees and agents of a
Nevada corporation against liabilities which they may incur in their capacities
as such.&nbsp; Those provisions have the following general effects:</p>

<p class=BodyText5 style='margin-left:.5in'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Under
Subsection 1 of Section 78.7502 of the Nevada General Corporation Law, a Nevada
corporation may indemnify any person who was or is a party or is threatened to
be made a party to any threatened, pending or completed action, suit or
proceeding, except an action by or in the right of the corporation, because the
person is or was a director, officer, employee or agent of the corporation,
against expenses, including attorneys' fees, judgments, fines and amounts paid
in settlement actually and reasonably incurred in connection with the action,
suit or proceeding if he (i) is not liable to the corporation or its
stockholders under Section 78.138 of the Nevada General Corporation Law, or
(ii) acted in good faith and in a manner which he reasonably believed to be in
or not opposed to the best interests of the corporation, and, with respect to
any criminal action or proceeding, had no reasonable cause to believe his
conduct was unlawful.&nbsp; Section 78.138 provides that, with certain exceptions, a
director or officer is not individually liable to the corporation or its
stockholders for any damages as a result of any act or failure to act in his
capacity as a director or officer unless it is proven that (i) his act or
failure to act constituted a breach of his fiduciary duties as a director or
officer, and (ii) his breach of those duties involved intentional misconduct,
fraud or a knowing violation of law.</p>

<p class=BodyText5 style='margin-left:.5in'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Under
Subsection 2 of Section 78.7502, a Nevada corporation may indemnify any person
who was or is a party or is threatened to be made a party to any threatened,
pending or completed action or suit by or in the right of the corporation to
procure a judgment in its favor because the person is or was a director,
officer, employee or agent of the corporation, against expenses, including
amounts paid in settlement and attorneys' fees actually and reasonably incurred
in connection with the defense or settlement of the action or suit if he (i) is
not liable to the corporation or its stockholders under Section 78.138, or (ii)
acted in good faith and in a manner which he reasonably believed to be in or
not opposed to the best interests of the corporation, except that no
indemnification may be made for any claim, issue or matter as to which such
person has been adjudged by a court to be liable to the corporation or for
amounts paid in settlement to the corporation, unless and only to the extent
that the court in which such action or suit was brought determines that,
despite the adjudication of liability, such person is fairly and reasonably
entitled to indemnification for such expenses as the court deems proper.</p>

<p class=BodyText5 style='margin-left:.5in'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Under
Subsection 3 of Section 78.7502, a Nevada corporation must indemnify a
director, officer, employee or agent to the extent that he has been successful
on the merits or otherwise in the defense of any action, suit or proceeding
referred to above, or in defense of any claim, issue or matter therein, against
expenses, including attorneys' fees, actually and reasonably incurred by him in
connection with the defense.</p>

<p class=MsoFooter>&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;&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; 4</p>

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<p class=BodyText5 style='margin-left:.5in'>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Under
Section 78.752, a Nevada corporation may purchase and maintain insurance or
make other financial arrangements on behalf of any person who is or was a
director, officer, employee or agent of the corporation for any liability
asserted against him and liability and expenses incurred by the person in that
capacity or arising from his status as a director, officer, employee or agent,
whether or not the corporation has the authority to indemnify him against such
liability and expenses.</p>

<p class=BodyText5 style='page-break-after:avoid'>Article
IX of the registrant's articles of incorporation provides as follows:</p>

<p class=BodyText1 style='margin-top:0in;margin-right:1.0in;margin-bottom:12.0pt;
margin-left:1.0in;text-align:justify;text-indent:0in'>The Corporation shall indemnify all officers, directors and agents of
the Corporation to the fullest extent permitted by Nevada law, as the same
exists or may hereafter be amended.&nbsp; Such indemnification shall include, but
not be limited to, indemnification against monetary damages for breach of
fiduciary duty.</p>

<p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt'>In addition, Article IX of the registrant's bylaws
contains detailed provisions which have the general effect of providing for
indemnification of directors and officers to the fullest extent permitted by
Nevada law.&nbsp; The bylaws also provide that the board of directors may direct that
the registrant purchase and maintain insurance on behalf of any person who is
or was a director, officer, employee or agent of the registrant.</p>

<p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt'><b>&nbsp;</b></p>

<p class=TitleL>Item 7.&nbsp; Exemption from
Registration Claimed.</p>

<p class=BodyText5>Not applicable.</p>

<p class=TitleL>Item 8.&nbsp; Exhibits.</p>

<p class=BodyText5 style='page-break-after:avoid'>The
following exhibits are furnished as part of this registration statement:</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:41.75pt;border-collapse:collapse'>
 <tr style='page-break-inside:avoid'>
  <td width=56 valign=top style='width:42.35pt;padding:4.3pt 5.75pt 4.3pt 5.75pt'>
  <p class=BodyText5 align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;text-indent:0in;page-break-after:avoid'>Exhibit<u> No.</u></p>
  </td>
  <td width=490 valign=top style='width:367.15pt;padding:4.3pt 5.75pt 4.3pt 5.75pt'>

  <p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  0in;page-break-after:avoid'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description</u></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=56 valign=top style='width:42.35pt;padding:4.3pt 5.75pt 4.3pt 5.75pt'>
  <p class=BodyText5 align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;text-indent:0in;page-break-after:avoid'>5.1*</p>
  </td>
  <td width=490 valign=top style='width:367.15pt;padding:4.3pt 5.75pt 4.3pt 5.75pt'>
  <p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  0in;page-break-after:avoid'>Opinion of Ballard
  Spahr Andrews &amp; Ingersoll, LLP</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=56 valign=top style='width:42.35pt;padding:4.3pt 5.75pt 4.3pt 5.75pt'>
  <p class=BodyText5 align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;text-indent:0in;page-break-after:avoid'>23.1*</p>
  </td>
  <td width=490 valign=top style='width:367.15pt;padding:4.3pt 5.75pt 4.3pt 5.75pt'>
  <p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  0in;page-break-after:avoid'>Consent of Hein
  &amp; Associates LLP</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=56 valign=top style='width:42.35pt;padding:4.3pt 5.75pt 4.3pt 5.75pt'>
  <p class=BodyText5 align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;text-indent:0in;page-break-after:avoid'>23.2*</p>
  </td>
  <td width=490 valign=top style='width:367.15pt;padding:4.3pt 5.75pt 4.3pt 5.75pt'>
  <p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  0in;page-break-after:avoid'>Consent of Ballard
  Spahr Andrews &amp; Ingersoll, LLP (included in Exhibit 5.1)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=56 valign=top style='width:42.35pt;padding:4.3pt 5.75pt 4.3pt 5.75pt'>
  <p class=BodyText5 align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;text-indent:0in;page-break-after:avoid'>24.1*</p>
  </td>
  <td width=490 valign=top style='width:367.15pt;padding:4.3pt 5.75pt 4.3pt 5.75pt'>
  <p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  0in;page-break-after:avoid'>Power of Attorney
  (included on signature page hereof)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=56 valign=top style='width:42.35pt;padding:4.3pt 5.75pt 4.3pt 5.75pt'>
  <p class=BodyText5 align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;text-indent:0in;page-break-after:avoid'>99.1</p>
  </td>
  <td width=490 valign=top style='width:367.15pt;padding:4.3pt 5.75pt 4.3pt 5.75pt'>
  <p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  0in;page-break-after:avoid'>Good Times
  Restaurants Inc. 2008 Omnibus Equity Incentive Compensation Plan (filed on
  January 30, 2008 as Exhibit 10.1 to the registrant's Current Report on Form
  8-K and incorporated herein by reference)</p>
  </td>
 </tr>
</table>

<p class=MsoNormal style='margin-left:.5in'>__________________________</p>

<p class=MsoNormal style='margin-left:.5in'>*
Filed herewith.</p>



<p class=TitleL>Item 9.&nbsp; Undertakings.</p>

<p class=BodyText5>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rule 415
Offering.&nbsp; The undersigned registrant hereby undertakes:</p>

<p class=BodyText1 style='margin-left:.5in;text-indent:.5in'>(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To file, during any period in which offers
or sales are being made, a post-effective amendment to this registration
statement:</p>

<p class=BodyText1 style='margin-left:1.0in;text-indent:.5in'>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To include any prospectus required by
Section 10(a)(3) of the Securities Act of 1933;</p>

<p class=MsoFooter>&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;&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; 5</p>

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<p class=BodyText1 style='margin-left:1.0in;text-indent:.5in'>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To reflect in the prospectus any facts or
events arising after the effective date of this registration statement (or the
most recent post-effective amendment thereto) which, individually or in the
aggregate, represent a fundamental change in the information set forth in this
registration statement.&nbsp; Notwithstanding the foregoing, any increase or
decrease in the volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered) and any
deviation from the low or high end of the estimated maximum offering range may
be reflected in the form of prospectus filed with the Securities and Exchange
Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
and price represent no more than a 20 percent change in the maximum aggregate
offering price set forth in the &quot;Calculation of Registration Fee&quot; table in the
effective registration statement;</p>

<p class=BodyText1 style='margin-left:1.0in;text-indent:.5in'>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To include any material information with
respect to the plan of distribution not previously disclosed in the
registration statement or any material change to such information in the
registration statement;</p>

<p class=BodyText1 style='margin-left:.5in;text-indent:0in'>provided, however, that the undertakings set forth in
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to
be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Securities and Exchange
Commission by the registrant pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 that are incorporated by reference in the registration
statement.</p>

<p class=BodyText1 style='margin-left:.5in;text-indent:.5in'>(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That, for the purpose of determining any
liability under the Securities Act of 1933, each such post-effective amendment
shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof; and</p>

<p class=BodyText1 style='margin-left:.5in;text-indent:.5in'>(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To remove from registration by means of a
post-effective amendment any of the securities being registered which remain
unsold at the termination of the offering.</p>

<p class=BodyText5>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Filings
incorporating subsequent Exchange Act documents.&nbsp; The undersigned registrant
hereby undertakes that, for purposes of determining any liability under the
Securities Act of 1933, each filing of the registrant's annual report pursuant
to Section 13(a) or Section&nbsp;15(d) of the Securities Exchange Act of 1934
(and, where applicable, each filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.</p>

<p class=MsoFooter>&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;&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; 6</p>

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<p class=BodyText5>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Filing of
registration statement on Form S-8.&nbsp; Insofar as indemnification for liabilities
arising under the Securities Act of 1933 may be permitted to directors,
officers and controlling persons of the registrant pursuant to any provision or
arrangement whereby the registrant may indemnify a director, officer or
controlling person of the registrant against liabilities arising under the
Securities Act, or otherwise, the registrant has been advised that in the
opinion of the Securities and Exchange Commission such indemnification is
against public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other
than the payment by the registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the successful defense of
any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication of such
issue.</p>

<p class=MsoFooter>&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;&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; 7</p>

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<p class=TitleL align=center style='text-align:center'>Signatures</p>

<p class=BodyText5 style='text-indent:0in'><b>The
Registrant.</b>&nbsp; Pursuant to the
requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this registration statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of
Golden, State of Colorado, on December 18, 2008.</p>

<p class=MsoNormal style='margin-left:2.5in;text-indent:.5in'>GOOD TIMES RESTAURANTS INC.</p>



<p class=MsoNormal style='margin-left:3.0in'>By:&nbsp;
<u>/s/ Boyd E. Hoback</u>_______________</p>

<p class=MsoNormal style='margin-left:3.0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boyd
E. Hoback</p>

<p class=MsoNormal style='margin-left:3.0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President
and Chief Executive Officer</p>

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

<p class=MsoNormal align=center style='text-align:center'>POWER OF ATTORNEY</p>



<p class=BodyText5>Each person whose signature
appears below hereby authorizes, constitutes and appoints Boyd E. Hoback his or
her true and lawful attorney-in-fact and agent, with full power of substitution
and resubstitution, for him or her and in his or her own name, place and stead,
in any and all capacities, to sign any and all amendments (including
post-effective amendments and other amendments thereto) to this Registration
Statement on Form S-8 and to file the same, with all exhibits thereto and other
documents in connection therewith, with the Securities and Exchange Commission,
granting unto said attorney-in-fact and agent full power and authority to do
and perform each and every act and thing as he or she could do in person,
hereby ratifying and confirming all that said attorney-in-fact and agent, or
his substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.</p>

<p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt'>Pursuant to the requirements of the Securities Act of
1933, this registration statement has been signed by the following persons in
the capacities and on the date indicated.</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=213 style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;<u>Signature</u></p>
  </td>
  <td width=213 style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;text-indent:0in'><u>Title</u></p>
  </td>
  <td width=213 style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <h3><u>Date</u></h3>
  </td>
 </tr>
 <tr>
  <td width=213 style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;text-indent:0in'><u>/s/ Eric W. Reinhard</u></p>
  <p class=BodyText5 style='margin-bottom:6.0pt;text-indent:0in'>Eric W. Reinhard</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>Chairman of the Board and Chief Development Officer</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>December 17, 2008</p>
  </td>
 </tr>
 <tr>
  <td width=213 style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;text-indent:0in'><u>/s/ Boyd E. Hoback</u></p>
  <p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  0in'>Boyd E. Hoback</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>President and Chief Executive Officer and Director</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>December 17, 2008</p>
  </td>
 </tr>
 <tr>
  <td width=213 style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;text-indent:0in'><u>/s/ Susan M. Knutson</u></p>
  <p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  0in'>Susan M. Knutson</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>Controller and Principal Financial Officer</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>December 17, 2008</p>
  </td>
 </tr>
 <tr>
  <td width=213 style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;text-indent:0in'><u>/s/ Geoffrey R. Bailey</u></p>
  <p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  0in'>Geoffrey R. Bailey</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>Director</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>December 17, 2008</p>
  </td>
 </tr>
 <tr>
  <td width=213 style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;text-indent:0in'><u>/s/ Ron Goodson</u></p>
  <p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  0in'>Ron Goodson</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>Director</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>December 17, 2008</p>
  </td>
 </tr>
 <tr>
  <td width=213 style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;text-indent:0in'><u>/s/ David Grissen</u></p>
  <p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  0in'>David Grissen</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>Director</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>December 17, 2008</p>
  </td>
 </tr>
 <tr>
  <td width=213 style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;text-indent:0in'><u>/s/ Richard J. Stark</u></p>
  <p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  0in'>Richard J. Stark</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>Director</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>December 17, 2008</p>
  </td>
 </tr>
 <tr>
  <td width=213 style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;text-indent:0in'><u>/s/ Alan A. Teran</u></p>
  <p class=BodyText5 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  0in'>Alan A. Teran</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in'>Director</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=BodyText5 align=center style='margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center;text-indent:0in;
  page-break-after:avoid'>December 17, 2008</p>
  </td>
 </tr>
</table>



<p class=MsoFooter>&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;&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; 8</p>

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<p class=MsoNormal align=center style='text-align:center;text-autospace:none'>INDEX TO EXHIBITS</p>





<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:41.4pt;border-collapse:collapse'>
 <tr>
  <td width=60 valign=top style='width:45.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>Exhibit</p>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'><u>No.</u></p>
  </td>
  <td width=504 valign=top style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>

  <p class=MsoNormal style='text-autospace:none'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  <u>Description</u></p>
  </td>
 </tr>
 <tr>
  <td width=60 valign=top style='width:45.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=504 valign=top style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=60 valign=top style='width:45.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>5.1*</p>
  </td>
  <td width=504 valign=top style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-autospace:none'>Opinion
  of Ballard Spahr Andrews &amp; Ingersoll, LLP</p>
  </td>
 </tr>
 <tr>
  <td width=60 valign=top style='width:45.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>23.1*</p>
  </td>
  <td width=504 valign=top style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-autospace:none'>Consent
  of Hein &amp; Associates LLP</p>
  </td>
 </tr>
 <tr>
  <td width=60 valign=top style='width:45.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>23.2*</p>
  </td>
  <td width=504 valign=top style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-autospace:none'>Consent
  of Ballard Spahr Andrews &amp; Ingersoll, LLP (included in Exhibit 5.1)</p>
  </td>
 </tr>
 <tr>
  <td width=60 valign=top style='width:45.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>24.1*</p>
  </td>
  <td width=504 valign=top style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-autospace:none'>Power
  of Attorney (included on signature page hereof)</p>
  </td>
 </tr>
 <tr>
  <td width=60 valign=top style='width:45.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>99.1</p>
  </td>
  <td width=504 valign=top style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-autospace:none'>Good
  Times Restaurants Inc. 2008 Omnibus Equity Incentive Compensation Plan (filed
  on January 30, 2008 as Exhibit 10.1 to the registrant's Current Report on
  Form 8-K and incorporated herein by reference)</p>
  </td>
 </tr>
 <tr>
  <td width=60 valign=top style='width:45.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-autospace:none'><b>&nbsp;</b></p>
  </td>
  <td width=504 valign=top style='width:5.25in;padding:0in 5.4pt 0in 5.4pt'>

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

<p class=MsoNormal style='margin-left:.5in'>__________________________</p>

<p class=MsoNormal style='margin-left:.5in;text-autospace:none'>* Filed herewith.</p>



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[{"type": "S-8", "sequence": "1", "filename": "forms81.htm", "secsgml_size_bytes": 48054}]
{"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": "S-8", "act": "33", "file-number": "333-156274", "film-number": "081257624"}, "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"}}
_
As filed with the Securities and Exchange Commission on December 18,
2008
Registration No. 333-________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF
1933
Good Times
Restaurants Inc.
(Exact name of
registrant as specified in its charter)
Nevada
84-1133368
(State or
  other jurisdiction of incorporation or organization)
(I.R.S.
  Employer Identification No.)
601 Corporate
Circle, Golden, Colorado  80401
(Address of Principal
Executive Offices) (Zip Code)
2008 Omnibus
Equity Incentive Compensation Plan
(Full title of
the plan)
Boyd E. Hoback
President and
Chief Executive Officer
Good Times
Restaurants Inc.
601 Corporate
Circle
Golden,
Colorado  80401
(Name and
address of agent for service)
(303) 384-1400
(Telephone
number, including area code, of agent for service)
Indicate by check mark whether the
registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company.  See the definitions of
"large accelerated filer," "accelerated filer" and "smaller reporting company"
in Rule 12b-2 of the Exchange Act.
Large
  accelerated filer ( )
Accelerated
  filer ( )
Non-accelerated
  filer ( ) (Do not check if a smaller reporting company)
Smaller
  reporting company (x)
CALCULATION OF REGISTRATION FEE
Title of securities
to be registered
Amount to be
registered
Proposed maximum
offering price
per share
Proposed maximum
aggregate offering
price
Amount of
registration fee
Common Stock, $.001 par
  value
450,000 shares (1)
$1.32 (2)
$594,000 (2)
$33.15 (3)
(1)   Pursuant to Rule 416 under the
Securities Act of 1933, this registration statement shall be deemed to cover
any additional shares that become issuable as a result of a stock split, stock
dividend or similar transaction.
(2)   Solely for the purpose of computing
the registration fee in accordance with Rule 457(h) under the Securities Act of
1933, the offering price shown is based upon the price of $1.32 per share,
which is the average of the high $1.32 and low $1.32 selling prices for the
registrant's common stock as reported on the NASDAQ Capital Market on December 12,
2008.
(3)   Calculated under Section 6(b) of the Securities
Act as 0.0000558 of $594,000.
EXPLANATORY NOTE
The
Good Times Restaurants Inc. 2008 Omnibus Equity Incentive Compensation Plan
(the "Plan") shall serve as the successor to the Good Times Restaurants Inc.
2001 Stock Option Plan (the "Predecessor Plan"), and no further grants shall be
made under the Predecessor Plan from and after the effective date of the Plan. 
The Plan covers a stated total of 150,000 shares of common stock, plus up to a
total of 300,000 shares of common stock covered under the Predecessor Plan
which may, subject to the terms and conditions of the Plan, become available
for issuance under the Plan.
2
Part I
Information
Required in the Section 10(a) Prospectus
Documents containing the
information specified in Part I will be sent or given to participants in the
2008 Omnibus Equity Incentive Compensation Plan of Good Times Restaurants Inc.
as specified by Rule 428(b)(1) under the Securities Act of 1933.  Those
documents and the documents incorporated by reference in this registration
statement pursuant to Item 3 of Part II hereof, taken together, constitute a
prospectus that meets the requirements of Section 10(a) of the Securities Act.
Part II
Information
Required in the Registration Statement
Item 3.  Incorporation of
Documents by Reference.
The following documents filed
by the registrant with the Securities and Exchange Commission are incorporated
by reference in this registration statement:
(1)        The registrant's Annual Report
on Form 10-KSB for the year ended September 30, 2007;
(2)        The registrant's Quarterly
Reports on Form 10-QSB for the quarterly periods ended December 31, 2007, March
31, 2008 and June 30, 2008;
(3)        The registrant's Current
Reports on Form 8-K filed on December 6, 2007, December 31, 2007, January 30,
2008, March 12, 2008, June 26, 2008, July 2, 2008, and August 21, 2008 (in each
case, except for information furnished pursuant to Item 2.02 or Item 7.01
thereof); and
(4)        The description of the
registrant's common stock, par value $.001, contained in the registrant's
Registration Statement on Form 8-A filed on May 14, 1990, including any further
amendments or reports filed for the purpose of updating such description.
All documents filed by the
registrant subsequent to the date of this registration statement pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
prior to the filing of a post-effective amendment hereto which indicates that
all securities offered hereby have been sold or which deregisters any
securities then remaining unsold, shall be deemed to be incorporated by
reference in this registration statement and to be a part hereof from the date
of filing of such documents.
Any statement contained
herein or in a document incorporated by reference in this registration
statement shall be deemed to be modified or superseded for purposes of this
registration statement to the extent that a statement contained herein, or in
any other subsequently filed document that also is or is deemed to be
incorporated by reference herein, modifies and supersedes such statement. Any
such statement so modified or superseded shall not be deemed, except as so
modified or superseded, to constitute a part of this registration statement.
Item 4.  Description of
Securities.
Not applicable.
3
Item 5.  Interests of Named
Experts and Counsel.
Not applicable.
Item 6.  Indemnification of
Directors and Officers.
The registrant is a Nevada
corporation.  Nevada General Corporation Law contains provisions for the
indemnification and insurance of directors, officers, employees and agents of a
Nevada corporation against liabilities which they may incur in their capacities
as such.  Those provisions have the following general effects:
(a)        Under
Subsection 1 of Section 78.7502 of the Nevada General Corporation Law, a Nevada
corporation may indemnify any person who was or is a party or is threatened to
be made a party to any threatened, pending or completed action, suit or
proceeding, except an action by or in the right of the corporation, because the
person is or was a director, officer, employee or agent of the corporation,
against expenses, including attorneys' fees, judgments, fines and amounts paid
in settlement actually and reasonably incurred in connection with the action,
suit or proceeding if he (i) is not liable to the corporation or its
stockholders under Section 78.138 of the Nevada General Corporation Law, or
(ii) acted in good faith and in a manner which he reasonably believed to be in
or not opposed to the best interests of the corporation, and, with respect to
any criminal action or proceeding, had no reasonable cause to believe his
conduct was unlawful.  Section 78.138 provides that, with certain exceptions, a
director or officer is not individually liable to the corporation or its
stockholders for any damages as a result of any act or failure to act in his
capacity as a director or officer unless it is proven that (i) his act or
failure to act constituted a breach of his fiduciary duties as a director or
officer, and (ii) his breach of those duties involved intentional misconduct,
fraud or a knowing violation of law.
(b)        Under
Subsection 2 of Section 78.7502, a Nevada corporation may indemnify any person
who was or is a party or is threatened to be made a party to any threatened,
pending or completed action or suit by or in the right of the corporation to
procure a judgment in its favor because the person is or was a director,
officer, employee or agent of the corporation, against expenses, including
amounts paid in settlement and attorneys' fees actually and reasonably incurred
in connection with the defense or settlement of the action or suit if he (i) is
not liable to the corporation or its stockholders under Section 78.138, or (ii)
acted in good faith and in a manner which he reasonably believed to be in or
not opposed to the best interests of the corporation, except that no
indemnification may be made for any claim, issue or matter as to which such
person has been adjudged by a court to be liable to the corporation or for
amounts paid in settlement to the corporation, unless and only to the extent
that the court in which such action or suit was brought determines that,
despite the adjudication of liability, such person is fairly and reasonably
entitled to indemnification for such expenses as the court deems proper.
(c)        Under
Subsection 3 of Section 78.7502, a Nevada corporation must indemnify a
director, officer, employee or agent to the extent that he has been successful
on the merits or otherwise in the defense of any action, suit or proceeding
referred to above, or in defense of any claim, issue or matter therein, against
expenses, including attorneys' fees, actually and reasonably incurred by him in
connection with the defense.
4
(d)        Under
Section 78.752, a Nevada corporation may purchase and maintain insurance or
make other financial arrangements on behalf of any person who is or was a
director, officer, employee or agent of the corporation for any liability
asserted against him and liability and expenses incurred by the person in that
capacity or arising from his status as a director, officer, employee or agent,
whether or not the corporation has the authority to indemnify him against such
liability and expenses.
Article
IX of the registrant's articles of incorporation provides as follows:
The Corporation shall indemnify all officers, directors and agents of
the Corporation to the fullest extent permitted by Nevada law, as the same
exists or may hereafter be amended.  Such indemnification shall include, but
not be limited to, indemnification against monetary damages for breach of
fiduciary duty.
In addition, Article IX of the registrant's bylaws
contains detailed provisions which have the general effect of providing for
indemnification of directors and officers to the fullest extent permitted by
Nevada law.  The bylaws also provide that the board of directors may direct that
the registrant purchase and maintain insurance on behalf of any person who is
or was a director, officer, employee or agent of the registrant.
Item 7.  Exemption from
Registration Claimed.
Not applicable.
Item 8.  Exhibits.
The
following exhibits are furnished as part of this registration statement:
Exhibit
No.
Description
5.1*
Opinion of Ballard
  Spahr Andrews & Ingersoll, LLP
23.1*
Consent of Hein
  & Associates LLP
23.2*
Consent of Ballard
  Spahr Andrews & Ingersoll, LLP (included in Exhibit 5.1)
24.1*
Power of Attorney
  (included on signature page hereof)
99.1
Good Times
  Restaurants Inc. 2008 Omnibus Equity Incentive Compensation Plan (filed on
  January 30, 2008 as Exhibit 10.1 to the registrant's Current Report on Form
  8-K and incorporated herein by reference)
__________________________
*
Filed herewith.
Item 9.  Undertakings.
(a)        Rule 415
Offering.  The undersigned registrant hereby undertakes:
(1)        To file, during any period in which offers
or sales are being made, a post-effective amendment to this registration
statement:
(i)         To include any prospectus required by
Section 10(a)(3) of the Securities Act of 1933;
5
(ii)        To reflect in the prospectus any facts or
events arising after the effective date of this registration statement (or the
most recent post-effective amendment thereto) which, individually or in the
aggregate, represent a fundamental change in the information set forth in this
registration statement.  Notwithstanding the foregoing, any increase or
decrease in the volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered) and any
deviation from the low or high end of the estimated maximum offering range may
be reflected in the form of prospectus filed with the Securities and Exchange
Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
and price represent no more than a 20 percent change in the maximum aggregate
offering price set forth in the "Calculation of Registration Fee" table in the
effective registration statement;
(iii)       To include any material information with
respect to the plan of distribution not previously disclosed in the
registration statement or any material change to such information in the
registration statement;
provided, however, that the undertakings set forth in
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to
be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Securities and Exchange
Commission by the registrant pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 that are incorporated by reference in the registration
statement.
(2)        That, for the purpose of determining any
liability under the Securities Act of 1933, each such post-effective amendment
shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof; and
(3)        To remove from registration by means of a
post-effective amendment any of the securities being registered which remain
unsold at the termination of the offering.
(b)        Filings
incorporating subsequent Exchange Act documents.  The undersigned registrant
hereby undertakes that, for purposes of determining any liability under the
Securities Act of 1933, each filing of the registrant's annual report pursuant
to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934
(and, where applicable, each filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
6
(c)        Filing of
registration statement on Form S-8.  Insofar as indemnification for liabilities
arising under the Securities Act of 1933 may be permitted to directors,
officers and controlling persons of the registrant pursuant to any provision or
arrangement whereby the registrant may indemnify a director, officer or
controlling person of the registrant against liabilities arising under the
Securities Act, or otherwise, the registrant has been advised that in the
opinion of the Securities and Exchange Commission such indemnification is
against public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other
than the payment by the registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the successful defense of
any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication of such
issue.
7
Signatures
The
Registrant.
Pursuant to the
requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this registration statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of
Golden, State of Colorado, on December 18, 2008.
GOOD TIMES RESTAURANTS INC.
By:
/s/ Boyd E. Hoback
_______________
Boyd
E. Hoback
President
and Chief Executive Officer
POWER OF ATTORNEY
Each person whose signature
appears below hereby authorizes, constitutes and appoints Boyd E. Hoback his or
her true and lawful attorney-in-fact and agent, with full power of substitution
and resubstitution, for him or her and in his or her own name, place and stead,
in any and all capacities, to sign any and all amendments (including
post-effective amendments and other amendments thereto) to this Registration
Statement on Form S-8 and to file the same, with all exhibits thereto and other
documents in connection therewith, with the Securities and Exchange Commission,
granting unto said attorney-in-fact and agent full power and authority to do
and perform each and every act and thing as he or she could do in person,
hereby ratifying and confirming all that said attorney-in-fact and agent, or
his substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.
Pursuant to the requirements of the Securities Act of
1933, this registration statement has been signed by the following persons in
the capacities and on the date indicated.
Signature
Title
Date
/s/ Eric W. Reinhard
Eric W. Reinhard
Chairman of the Board and Chief Development Officer
December 17, 2008
/s/ Boyd E. Hoback
Boyd E. Hoback
President and Chief Executive Officer and Director
December 17, 2008
/s/ Susan M. Knutson
Susan M. Knutson
Controller and Principal Financial Officer
December 17, 2008
/s/ Geoffrey R. Bailey
Geoffrey R. Bailey
Director
December 17, 2008
/s/ Ron Goodson
Ron Goodson
Director
December 17, 2008
/s/ David Grissen
David Grissen
Director
December 17, 2008
/s/ Richard J. Stark
Richard J. Stark
Director
December 17, 2008
/s/ Alan A. Teran
Alan A. Teran
Director
December 17, 2008
8
INDEX TO EXHIBITS
Exhibit
No.
Description
5.1*
Opinion
  of Ballard Spahr Andrews & Ingersoll, LLP
23.1*
Consent
  of Hein & Associates LLP
23.2*
Consent
  of Ballard Spahr Andrews & Ingersoll, LLP (included in Exhibit 5.1)
24.1*
Power
  of Attorney (included on signature page hereof)
99.1
Good
  Times Restaurants Inc. 2008 Omnibus Equity Incentive Compensation Plan (filed
  on January 30, 2008 as Exhibit 10.1 to the registrant's Current Report on
  Form 8-K and incorporated herein by reference)
__________________________
* Filed herewith.