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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000825324-08-000018.txt : 20080821
<SEC-HEADER>0000825324-08-000018.hdr.sgml : 20080821
<ACCEPTANCE-DATETIME>20080821171831
ACCESSION NUMBER:		0000825324-08-000018
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080821
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20080821
DATE AS OF CHANGE:		20080821

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GOOD TIMES RESTAURANTS INC
		CENTRAL INDEX KEY:			0000825324
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				841133368
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-18590
		FILM NUMBER:		081032826

	BUSINESS ADDRESS:	
		STREET 1:		601 CORPORATE CIRCLE
		CITY:			GOLDEN
		STATE:			CO
		ZIP:			80401
		BUSINESS PHONE:		3033841400

	MAIL ADDRESS:	
		STREET 1:		601 CORPORATE CIRCLE
		CITY:			GOLDEN
		STATE:			CO
		ZIP:			80401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PARAMOUNT VENTURES INC
		DATE OF NAME CHANGE:	19900205
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8ksuspendzen1.htm
<TEXT>
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<p class=MsoTitle><b><font size=2 face="Times New Roman">&nbsp;</font></b></p>

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<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=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, 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 19, 2008</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>

<div align=center>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:99.35pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=186 valign=top style='width:139.5pt;border:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">Nevada</font></p>
  </td>
  <td width=108 valign=top style='width:81.0pt;border:solid black 1.0pt;
  border-left:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">000-18590</font></p>
  </td>
  <td width=162 valign=top style='width:121.5pt;border:solid black 1.0pt;
  border-left:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">84-1133368</font></p>
  </td>
 </tr>
 <tr>
  <td width=186 valign=top style='width:139.5pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">(State or other jurisdiction</font></p>
  </td>
  <td width=108 valign=top style='width:81.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">(Commission</font></p>
  </td>
  <td width=162 valign=top style='width:121.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">(IRS Employer</font></p>
  </td>
 </tr>
 <tr>
  <td width=186 valign=top style='width:139.5pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">of incorporation)</font></p>
  </td>
  <td width=108 valign=top style='width:81.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">File Number)</font></p>
  </td>
  <td width=162 valign=top style='width:121.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">Identification No.)</font></p>
  </td>
 </tr>
</table>

</div>

<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 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.):<br>
<br>
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)<br>
<br>
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)<br>
<br>
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))<br>
<br>
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))</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><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><b><font size=2 face="Times New Roman">Item 8.01&nbsp; Other Events.</font></b></p>

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

<p class=BodyText1 style='text-align:justify;text-indent:.5in'><font size=3
face="Times New Roman">On August 19, 2008, the
Board of Directors of Good Times Restaurants Inc. (the &quot;Company&quot;) approved an
agreement in principle for a six month suspension of the previously reported
Development Agreement with Zen Partners LLC, a Virginia limited liability
company (&quot;Zen&quot;), for the development of up to twenty-five Good Times
restaurants.&nbsp; The original Development Agreement was filed as an exhibit to the
Company's Current Report on Form 8-K filed with the Securities and Exchange Commission
on December 6, 2007 and is incorporated by reference herein.</font></p>

<p class=MsoNormal style='text-align:justify;text-indent:.5in'><font size=3
face="Times New Roman">The suspension of the
Development Agreement is due to the continued lack of availability of
acceptable debt financing, current liquidity constraints in the sale leaseback
markets, current conditions in the commodity markets and the resulting
increases in food costs for the Company, and concerns over general
macro-economic trends including consumer spending which has impacted the
Company's overall sales trends, as previously reported in the Company's Current
Report on Form 8-K filed with the Securities and Exchange Commission on June
26, 2008 and the Company's Quarterly Report on Form 10-QSB for the quarterly
period ended June 30, 2008 filed with the Securities and Exchange Commission on
August 11, 2008. &nbsp;The Company and Zen currently anticipate re-evaluating market
conditions and development of new restaurants under the Development Agreement at
the end of the six month suspension period. &nbsp;The Company now expects to open
one additional company owned restaurant and one dual brand franchised
restaurant in 2008.</font></p>

<p class=MsoNormal style='margin-right:.5in;text-align:justify'><font size=3
face="Times New Roman">&nbsp;</font></p>

<p class=BodyText1 style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in'><font size=3 color=black face="Times New Roman">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 reported restaurant development matters and the ability
to implement restaurant development plans, 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, and other matters discussed in the &quot;Risk
Factors&quot; section of the Company's Annual Report on Form 10-KSB for the fiscal
year ended September 30, 2007.&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.</font></p>

<p class=BodyText1 style='text-align:justify;text-indent:.5in'><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; Financial Statements and Exhibits.</font></b></p>

<div>

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  <p class=MsoFooter><font size=3 face="Times New Roman">2</font></p>
  </td>
 </tr>
</table>

</div>

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

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

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="98%"
 style='border-collapse:collapse'>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">(d)</font></p>
  </td>
  <td width=564 valign=top style='width:423.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-bottom:12.0pt'><font size=2
  face="Times New Roman">Exhibits.&nbsp; The
  following exhibit is filed as part of this report:</font></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:.7in;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=564 valign=top style='width:423.05pt;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:.7in;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=564 valign=top style='width:423.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=3 face="Times New Roman">Development Agreement dated December 2, 2007 between
  Zen Partners LLC and Good Times Drive Thru Inc. (incorporated by reference to
  Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the
  Securities and Exchange Commission on December 6, 2007).<br>
  <br>
  </font></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=564 valign=top style='width:423.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=3 face="Times New Roman">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p class=MsoNormal style='text-align:justify'><font size=2
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>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="98%"
 style='border-collapse:collapse'>
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  <td width=250 valign=top style='width:187.45pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=376 colspan=2 valign=top style='width:281.95pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">GOOD TIMES RESTAURANTS INC.</font></p>
  </td>
 </tr>
 <tr>
  <td width=250 valign=top style='width:187.45pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=33 valign=top style='width:24.85pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=343 valign=top style='width:257.1pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width=250 valign=top style='width:187.45pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">Date:&nbsp; August 21, 2008</font></p>
  </td>
  <td width=376 colspan=2 valign=top style='width:281.95pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">By:<u>&nbsp; /s/ Boyd E. Hoback</u></font></p>
  </td>
 </tr>
 <tr>
  <td width=250 valign=top style='width:187.45pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=33 valign=top style='width:24.85pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=343 valign=top style='width:257.1pt;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=250 valign=top style='width:187.45pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=33 valign=top style='width:24.85pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=343 valign=top style='width:257.1pt;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>
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  <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">3</font></p>
  </td>
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</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>

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



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</DOCUMENT>
</SEC-DOCUMENT>
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