<SEC-DOCUMENT>0000825324-14-000041.txt : 20141229
<SEC-HEADER>0000825324-14-000041.hdr.sgml : 20141225
<ACCEPTANCE-DATETIME>20141229145342
ACCESSION NUMBER:		0000825324-14-000041
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140930
FILED AS OF DATE:		20141229
DATE AS OF CHANGE:		20141229
EFFECTIVENESS DATE:		20141229

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:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-18590
		FILM NUMBER:		141312346

	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>DEF 14A
<SEQUENCE>1
<FILENAME>finalproxy122614.htm
<TEXT>
<HTML>
<head><title>Converted by EDGARwiz</title> </head> <body style="FONT-SIZE:10pt; FONT-FAMILY:Times New Roman; COLOR:#000000; MARGIN-TOP:0px"> <div style=WIDTH:662px> <p style="FONT-SIZE:14pt; MARGIN:0px" align=center><b>UNITED STATES</b></p> <p style="FONT-SIZE:14pt; MARGIN:0px" align=center><b>SECURITIES AND EXCHANGE COMMISSION</b></p> <p style=MARGIN:0px align=center><b>Washington, D.C. 20549</b></p> <p style=MARGIN:0px align=center>__________________________________</p> <p style="FONT-SIZE:14pt; MARGIN:0px" align=center><b>SCHEDULE 14A INFORMATION</b></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center>Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934</p> <p style=MARGIN:0px align=center>__________________________________</p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px>Filed by the Registrant [x]</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>Filed by a Party other than the Registrant [ &nbsp;]</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>Check the appropriate box:</p> <p style=MARGIN:0px><br></p> <table bordercolor=transparent style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=28> <td width=1> <td width=30> <td width=600 /> </tr><tr> <td width=28 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>[ &nbsp;]</p></td> <td width=631 height=16 colspan=3 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:37px; MARGIN:0px">Preliminary Proxy Statement</p></td></tr> <tr> <td width=28 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>[ &nbsp;]</p></td> <td width=631 height=16 colspan=3 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:37px; MARGIN:0px">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</p></td></tr> <tr> <td width=28 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>[x]</p></td> <td width=631 height=16 colspan=3 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:37px; MARGIN:0px">Definitive Proxy Statement</p></td></tr> <tr> <td width=28 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>[ &nbsp;]</p></td> <td width=631 height=16 colspan=3 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:37px; MARGIN:0px">Definitive Additional Materials</p></td></tr> <tr> <td width=28 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>[ &nbsp;]</p></td> <td width=631 height=16 colspan=3 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:37px; MARGIN:0px">Soliciting Material Pursuant to &#167;240.14a-12</p></td></tr> <tr> <td width=660 height=16 colspan=4 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=660 height=16 colspan=4 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="FONT-SIZE:14pt; MARGIN:0px" align=center><b><u>GOOD TIMES RESTAURANTS INC.</u></b></p></td></tr> <tr> <td width=660 height=16 colspan=4 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px align=center>(Name of Registrant as Specified In Its Charter)</p></td></tr> <tr> <td width=660 height=16 colspan=4 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=660 height=16 colspan=4 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</p></td></tr> <tr> <td width=660 height=16 colspan=4 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=660 height=16 colspan=4 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>Payment of Filing Fee (Check the appropriate box):</p></td></tr> <tr> <td width=30 height=16 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>[x]</p></td> <td width=30 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=600 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:6px; MARGIN:0px">No fee required.</p></td></tr> <tr> <td width=30 height=16 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>[ &nbsp;]</p></td> <td width=30 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=600 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:6px; MARGIN:0px">Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.</p></td></tr> <tr> <td width=30 height=16 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=30 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=600 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=30 height=16 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=30 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>(1)</p></td> <td width=600 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:6px; MARGIN:0px">Title of each class of securities to which transaction applies:</p></td></tr> <tr> <td width=30 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=30 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=600 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=30 height=16 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=30 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>(2)</p></td> <td width=600 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:6px; MARGIN:0px">Aggregate number of securities to which transaction applies:</p></td></tr> <tr> <td width=30 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=30 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=600 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=30 height=33 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=30 height=33 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>(3)</p></td> <td width=600 height=33 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:6px; MARGIN:0px; PADDING-RIGHT:12px">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</p></td></tr> <tr> <td width=30 height=1 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=30 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=600 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=30 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=30 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=600 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=30 height=16 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=30 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>(4)</p></td> <td width=600 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:6px; MARGIN:0px">Proposed maximum aggregate value of transaction:</p></td></tr> <tr> <td width=30 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=30 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=600 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=30 height=16 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=30 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>(5)</p></td> <td width=600 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:6px; MARGIN:0px">Total fee paid:</p></td></tr> <tr> <td width=30 height=1 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=30 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=600 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=30 height=16 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>[ &nbsp;]</p></td> <td width=30 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=600 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:6px; MARGIN:0px">Fee paid previously with preliminary materials:</p></td></tr> <tr> <td width=30 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=30 height=1 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=600 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=30 height=49 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>[ &nbsp;]</p></td> <td width=30 height=49 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=600 height=49 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:6px; MARGIN:0px; PADDING-RIGHT:6px">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</p></td></tr> <tr> <td width=30 height=16 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=30 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>(1)</p></td> <td width=600 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:6px; MARGIN:0px">Amount Previously Paid:</p></td></tr> <tr> <td width=30 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=30 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=600 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=30 height=16 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=30 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>(2)</p></td> <td width=600 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:6px; MARGIN:0px">Form, Schedule or Registration Statement No.:</p></td></tr> <tr> <td width=30 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=30 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=600 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=30 height=16 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=30 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>(3)</p></td> <td width=600 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:6px; MARGIN:0px">Filing Party:</p></td></tr> <tr> <td width=30 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=30 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=600 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=30 height=16 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px><br></p></td> <td width=30 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style=MARGIN:0px>(4)</p></td> <td width=600 height=16 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ffffff" valign=top> <p style="PADDING-LEFT:6px; MARGIN:0px">Date Filed:</p></td></tr></table> <p style=MARGIN:0px align=center><br><br></p> <p style="MARGIN:0px; LINE-HEIGHT:10pt"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>GOOD TIMES RESTAURANTS INC.</b></p> <p style=MARGIN:0px align=center><b>601 Corporate Circle</b></p> <p style=MARGIN:0px align=center><b>Golden, Colorado 80401</b></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><b>NOTICE OF ANNUAL MEETING OF STOCKHOLDERS</b></p> <p style=MARGIN:0px align=center><b>To Be Held February 4, 2015</b></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=justify>To the Stockholders of Good Times Restaurants Inc.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Annual Meeting of the Stockholders (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Annual Meeting<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) of Good Times Restaurants Inc., a Nevada corporation (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>), will be held at our corporate offices, which are located at 601 Corporate Circle, Golden, Colorado 80401, on Wednesday, February 4, 2015,<b> </b>at 9:00 a.m. local time. &nbsp;The purposes of the Annual Meeting are:</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:12pt; WIDTH:66px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:42px">1.</p> <p style="PADDING-LEFT:66px; MARGIN:0px; TEXT-INDENT:-2px" align=justify>Election of seven directors of the Company;</p> <p style="CLEAR:left; MARGIN:0px" align=justify><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:12pt; WIDTH:66px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:42px">2.</p> <p style="PADDING-LEFT:66px; MARGIN:0px; TEXT-INDENT:-2px" align=justify>To ratify the appointment of Hein &amp; Associates LLP as the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s independent registered public accounting firm for the fiscal year ending September 30, 2015; and</p> <p style="CLEAR:left; MARGIN:0px" align=justify><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:12pt; WIDTH:66px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:42px">3.</p> <p style="PADDING-LEFT:66px; MARGIN:0px; TEXT-INDENT:-2px" align=justify>To transact such other business as may properly come before the Annual Meeting and any adjournments or postponements thereof.</p> <p style="CLEAR:left; MARGIN:0px"><br></p> <p style=MARGIN:0px align=justify>The accompanying proxy statement (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Proxy Statement<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) contains additional information about the Annual Meeting. &nbsp;Only stockholders of record at the close of business on the record date of December 11, 2014 are entitled to notice of and to vote at the Annual Meeting and any adjournments or postponements thereof. &nbsp;The Proxy Statement is being mailed to stockholders entitled to vote at the Annual Meeting on or about January 6, 2015.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>All stockholders are cordially invited to attend the Annual Meeting. &nbsp;If you do not plan to attend the meeting, please sign, date, and promptly return the enclosed proxy card. &nbsp;A business reply envelope is enclosed for your convenience. &nbsp;The delivery of a proxy will not affect your right to vote in person if you attend the Annual Meeting. &nbsp;Your vote is important.</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px>Sincerely,</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><i>/s/ Susan M. Knutson</i></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>Susan M. Knutson</p> <p style=MARGIN:0px>Secretary and Controller</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>January 6, 2015</p> <p style=MARGIN:0px><br></p> <p style="MARGIN-BOTTOM:20px; MARGIN-TOP:0px" align=center><br><br></p> <p style="MARGIN:0px; LINE-HEIGHT:10pt"><br></p> <p style="MARGIN-BOTTOM:20px; PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px" align=center><b>TABLE OF CONTENTS</b></p> <p style=MARGIN:0px align=center><br></p> <table bordercolor=transparent style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=586> <td width=49 /> </tr><tr> <td width=586 height=28 style=MARGIN-TOP:0px> <p style="PADDING-LEFT:9px; MARGIN:0px">GENERAL INFORMATION</p></td> <td width=49 height=28 style=MARGIN-TOP:0px> <p style=MARGIN:0px>1</p></td></tr> <tr> <td width=586 height=28 style=MARGIN-TOP:0px> <p style="PADDING-LEFT:9px; MARGIN:0px">PROPOSAL #1 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> ELECTION OF DIRECTORS</p></td> <td width=49 height=28 style=MARGIN-TOP:0px> <p style=MARGIN:0px>4</p></td></tr> <tr> <td width=586 height=38 style=MARGIN-TOP:0px> <p style="PADDING-LEFT:9px; MARGIN:0px">PROPOSAL #2 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</p></td> <td width=49 height=38 style=MARGIN-TOP:0px> <p style=MARGIN:0px>7</p></td></tr> <tr> <td width=586 height=28 style=MARGIN-TOP:0px> <p style="PADDING-LEFT:9px; MARGIN:0px">CORPORATE GOVERNANCE</p></td> <td width=49 height=28 style=MARGIN-TOP:0px> <p style=MARGIN:0px>8</p></td></tr> <tr> <td width=586 height=28 style=MARGIN-TOP:0px> <p style="PADDING-LEFT:9px; MARGIN:0px" align=justify>CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</p></td> <td width=49 height=28 style=MARGIN-TOP:0px> <p style=MARGIN:0px>12</p></td></tr> <tr> <td width=586 height=28 style=MARGIN-TOP:0px> <p style="PADDING-LEFT:9px; MARGIN:0px">AUDIT COMMITTEE REPORT</p></td> <td width=49 height=28 style=MARGIN-TOP:0px> <p style=MARGIN:0px>14</p></td></tr> <tr> <td width=586 height=28 style=MARGIN-TOP:0px> <p style="PADDING-LEFT:9px; MARGIN:0px">INDEPENDENT AUDITOR INFORMATION</p></td> <td width=49 height=28 style=MARGIN-TOP:0px> <p style=MARGIN:0px>15</p></td></tr> <tr> <td width=586 height=28 style=MARGIN-TOP:0px> <p style="PADDING-LEFT:9px; MARGIN:0px">OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</p></td> <td width=49 height=28 style=MARGIN-TOP:0px> <p style=MARGIN:0px>16</p></td></tr> <tr> <td width=586 height=28 style=MARGIN-TOP:0px> <p style="PADDING-LEFT:9px; MARGIN:0px">EXECUTIVE COMPENSATION</p></td> <td width=49 height=28 style=MARGIN-TOP:0px> <p style=MARGIN:0px>17</p></td></tr> <tr> <td width=586 height=28 style=MARGIN-TOP:0px> <p style="PADDING-LEFT:9px; MARGIN:0px">STOCKHOLDER NOMINATIONS AND OTHER PROPOSALS</p></td> <td width=49 height=28 style=MARGIN-TOP:0px> <p style=MARGIN:0px>19</p></td></tr> <tr> <td width=586 height=28 style=MARGIN-TOP:0px> <p style="PADDING-LEFT:9px; MARGIN:0px">OTHER MATTERS</p></td> <td width=49 height=28 style=MARGIN-TOP:0px> <p style=MARGIN:0px>19</p></td></tr> <tr> <td width=586 height=28 style=MARGIN-TOP:0px> <p style="PADDING-LEFT:9px; MARGIN:0px">WHERE YOU CAN FIND MORE INFORMATION</p></td> <td width=49 height=28 style=MARGIN-TOP:0px> <p style=MARGIN:0px>19</p></td></tr> <tr> <td width=586 height=28 style=MARGIN-TOP:0px> <p style="PADDING-LEFT:9px; MARGIN:0px">INCORPORATION OF DOCUMENTS BY REFERENCE</p></td> <td width=49 height=28 style=MARGIN-TOP:0px> <p style=MARGIN:0px>20</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style="MARGIN-BOTTOM:13px; MARGIN-TOP:0px"><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style="MARGIN:0px; LINE-HEIGHT:10pt"><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>GOOD TIMES RESTAURANTS INC.</b></p> <p style=MARGIN:0px align=center><b>601 Corporate Circle</b></p> <p style=MARGIN:0px align=center><b>Golden, Colorado 80401</b></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>PROXY STATEMENT FOR ANNUAL MEETING OF STOCKHOLDERS</p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center>To Be Held February 4, 2015</p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=justify>This Proxy Statement relates to the Annual Meeting of Stockholders (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Annual Meeting<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) of Good Times Restaurants Inc., a Nevada corporation (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). &nbsp;The Annual Meeting will be held on Wednesday, February 4, 2015, at 9:00 a.m. local time, at our corporate offices, which are located at 601 Corporate Circle, Golden, Colorado 80401, or at such other time and place to which the Annual Meeting may be adjourned or postponed. &nbsp;The enclosed proxy is solicited by our Board of Directors (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Board<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). &nbsp;The proxy materials relating to the Annual Meeting are first being mailed to stockholders entitled to vote at the meeting on or about January 6, 2015.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px>The terms <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>we,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>us,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> and <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>our<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> in this Proxy Statement refer to the Company.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify><b>Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders To Be Held on February 4, 2015</b>: &nbsp;This Proxy Statement is also available at our website at <u>www.goodtimesburgers.com</u>.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=center><b>GENERAL INFORMATION</b></p> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; PADDING-RIGHT:0px" align=justify><b>What is the purpose of the Annual Meeting?</b></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; PADDING-RIGHT:0px" align=justify>At the Annual Meeting, the stockholders will act upon the matters outlined in the accompanying Notice of Annual Meeting and this Proxy Statement, including:</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:12pt; WIDTH:59px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:30px">1.</p> <p style="PADDING-LEFT:59px; MARGIN:0px; TEXT-INDENT:-2px" align=justify>Election of seven directors of the Company;</p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:12pt; WIDTH:59px; FLOAT:left; CLEAR:left; MARGIN-TOP:0px; TEXT-INDENT:30px">2.</p> <p style="PADDING-LEFT:59px; MARGIN:0px; TEXT-INDENT:-2px" align=justify>To ratify the appointment of Hein &amp; Associates LLP as the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s independent registered public accounting firm for the fiscal year ending September 30, 2015; and</p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:12pt; WIDTH:59px; FLOAT:left; CLEAR:left; MARGIN-TOP:0px; TEXT-INDENT:30px">3.</p> <p style="PADDING-LEFT:59px; MARGIN:0px; TEXT-INDENT:-2px" align=justify>To transact such other business as may properly come before the Annual Meeting and any adjournments or postponements thereof.</p> <p style="CLEAR:left; MARGIN:0px"><br></p> <p style="MARGIN:0px; PADDING-RIGHT:0px" align=justify><b>Who is entitled to attend and vote at the Annual Meeting?</b></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; PADDING-RIGHT:0px" align=justify>Only stockholders of record at the close of business on the record date of December 11, 2014, or their duly appointed proxies, are entitled to receive notice of the Annual Meeting, attend the meeting, and vote their shares at the Annual Meeting or any adjournment or postponement thereof. &nbsp;At the close of business on December 11, 2014, there were 9,443,080 shares of our common stock, par value $0.001 per share (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Common Stock<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>), outstanding. &nbsp;Each outstanding share of our Common Stock is entitled to one vote. &nbsp;Our Bylaws do not allow holders to accumulate votes in the election of directors.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; PADDING-RIGHT:0px" align=justify><b>How do I vote?</b></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; PADDING-RIGHT:0px" align=justify>You may vote on matters to come before the Annual Meeting in two ways: (i) you can attend the Annual Meeting and cast your vote in person, or (ii) you can vote by completing, signing, and dating the enclosed proxy card and returning it to us in the enclosed business reply envelope or via facsimile to Boyd E. Hoback, our President and Chief Executive Officer, at (303) 273-0177. &nbsp;If you return the proxy card, you will authorize the individuals named on the proxy card, referred to as proxy holders, to vote your shares according to your instructions or, if you provide no instructions, according to the recommendations of our Board. &nbsp;If your shares are held by a broker in <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>street name,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> you will receive a voting instruction form from your broker or the broker<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s agent asking you how your shares should be voted.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br><br></p> <p style=MARGIN:0px align=center>1</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify><b>What if I vote and then change my mind?</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>You may revoke a proxy at any time before the vote is taken at the Annual Meeting by either (i) filing with our corporate secretary a written notice of revocation, (ii) sending in another duly executed proxy bearing a later date, or (iii) attending the meeting and casting your vote in person. &nbsp;Your last vote will be the vote that is counted.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>How can I get more information about attending the Annual Meeting and voting in person?</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Annual Meeting will be held on Wednesday, February 4, 2015, at 9:00 a.m., local time, at the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s corporate offices, which are located at 601 Corporate Circle, Golden, Colorado 80401, or at such other time and place to which the Annual Meeting may be adjourned or postponed. &nbsp;For additional details about the Annual Meeting, including directions to the meeting site and information about how you may vote in person if you so desire, please call or email Boyd E. Hoback, our President and Chief Executive Officer, at (303) 384-1400 or at <u>bhoback@gtrestaurants.com</u>.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>What are the Board<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s recommendations?</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Unless you give other instructions on your proxy card, the persons named on the proxy card will vote in accordance with the recommendations of our Board, which are described in this Proxy Statement. &nbsp;Our Board recommends a vote FOR each of the proposals described in the accompanying Notice of Annual Meeting of Stockholders and this Proxy Statement.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>With respect to any other matter that properly comes before the meeting, the proxy holders will vote as recommended by our Board or, if no recommendation is given, in their own discretion.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>What constitutes a quorum?</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The presence at the Annual Meeting, in person or by proxy, of the holders of a majority of the issued and outstanding shares of our Common Stock on the record date will constitute a quorum at the Annual Meeting, permitting us to conduct our business at the Annual Meeting. &nbsp;Proxies received but marked as abstentions and broker non-votes (defined below) will be included in the calculation of the number of shares considered to be present at the meeting for purposes of determining whether a quorum is present. &nbsp;If a quorum is not present, the Annual Meeting may be adjourned until a quorum is obtained.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>What vote is required to approve each proposal?</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><i>Vote Required</i>. &nbsp;Approval of each proposal to be considered and voted upon at the Annual Meeting will require the affirmative vote of a majority of the votes cast by the holders of our Common Stock present in person or represented by proxy at the Annual Meeting (assuming we have a quorum as described above). &nbsp;A properly executed proxy marked <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>ABSTAIN<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> with respect to a proposal will not be voted for that proposal but will be counted for purposes of whether there is a quorum at the meeting. &nbsp;Abstentions will result in the respective proposal receiving fewer votes.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><i>Effect of Broker Non-Votes</i>. &nbsp;If your shares are held by your broker in <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>street name,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> you will receive a voting instruction form from your broker or the broker<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s agent asking you how your shares should be voted. &nbsp;Please complete the form and return it in the envelope provided by the broker or agent. &nbsp;No postage is necessary if mailed in the United States. &nbsp;If you do not instruct your broker how to vote, your broker may vote your shares at its discretion or, on some matters, may not be permitted to exercise voting discretion. &nbsp;Votes that could have been cast on the matter in question if the brokers have received their customers<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> instructions, and as to which the broker has notified us on a proxy form in accordance with industry practice or has otherwise advised us that it lacks voting authority, are referred to as <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>broker non-votes.<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> &nbsp;Thus, if you do not give your broker or nominee specific instructions, your shares may not be voted on those matters and will not be counted as a vote cast in determining the number of shares necessary for approval of those matters. &nbsp;Shares represented by such broker non-votes, however, will be counted in determining whether there is a quorum. &nbsp;Accordingly, broker non-votes will result in the respective proposal receiving fewer votes.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify><b>Can I dissent or exercise rights of appraisal?</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Neither Nevada law nor our Articles of Incorporation or Bylaws provide our stockholders with dissenters<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> or appraisal rights in connection with the proposals to be voted on at the Annual Meeting. &nbsp;If the proposals are approved at the Annual Meeting, stockholders voting against such proposals will not be entitled to seek appraisal for their shares.</p> <p style="MARGIN-BOTTOM:11px; MARGIN-TOP:0px"><br></p> <p style=MARGIN:0px align=justify><br><br></p> <p style=MARGIN:0px align=center>2</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify><b>Who pays for this proxy solicitation?</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Company will bear the entire cost of this proxy solicitation, including the preparation, assembly, printing, and mailing of this Proxy Statement, the proxy card, and any additional solicitation materials furnished to the stockholders. &nbsp;In addition to solicitation by mail, proxies may be solicited by our directors, officers, and regular employees by telephone or personal interview. &nbsp;These individuals will not receive any compensation for their services other than their regular salaries. &nbsp;Arrangements will also be made with brokerage houses and other custodians and fiduciaries to forward solicitation materials to the beneficial owners of the shares held on the record date, and we may reimburse those persons for reasonable out-of-pocket expenses incurred by them in so doing.</p> <p style="MARGIN-BOTTOM:11px; MARGIN-TOP:0px"><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style=MARGIN:0px align=center>3</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>PROPOSAL #1 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> ELECTION OF DIRECTORS</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Pursuant to our Bylaws, as amended by our Board on December 18, 2014, effective at the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s next Meeting of Shareholders, currently scheduled for February 4, 2015, the size of our Board has been set at a maximum of seven directors. &nbsp;All of our directors are elected annually to serve a one-year term expiring at the next annual meeting of stockholders. &nbsp;The seven nominees for election at the Annual Meeting, listed below, are currently serving as directors of the Company. &nbsp;Each nominee has consented to be named in this Proxy Statement and to serve as a director if elected. &nbsp;However, if any nominee is unable to serve or for good cause will not serve as a director, each of the persons named in the proxy intend to vote in his or her discretion for a substitute who will be designated by our Board.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px><u>Director Nominees</u></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>The following table sets forth certain information about the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s seven director nominees.</p> <p style=MARGIN:0px><br></p> <table bordercolor=transparent style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=138> <td width=54> <td width=105> <td width=326 /> </tr><tr> <td width=138 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px><b><u>Name</u></b></p></td> <td width=54 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center><b><u>Age</u></b></p></td> <td width=105 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center><b><u>Director Since</u></b></p></td> <td width=326 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px><b><u>Other Positions Held with the Company</u></b></p></td></tr> <tr> <td width=138 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=54 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><br></p></td> <td width=105 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=326 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=138 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px>Geoffrey R. Bailey</p></td> <td width=54 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>63</p></td> <td width=105 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="MARGIN:0px; PADDING-RIGHT:14px" align=center>1996</p></td> <td width=326 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px>Member of the Compensation Committee</p></td></tr> <tr> <td width=138 style=MARGIN-TOP:0px> <p style=MARGIN:0px>Gary J. Heller</p></td> <td width=54 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>47</p></td> <td width=105 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:14px" align=center>2010</p></td> <td width=326 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=138 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px>Boyd E. Hoback</p></td> <td width=54 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>59</p></td> <td width=105 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="MARGIN:0px; PADDING-RIGHT:14px" align=center>1992</p></td> <td width=326 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px>President and Chief Executive Officer</p></td></tr> <tr> <td width=138 style=MARGIN-TOP:0px> <p style=MARGIN:0px>Steven M. Johnson</p></td> <td width=54 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>55</p></td> <td width=105 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:14px" align=center>2013</p></td> <td width=326 style=MARGIN-TOP:0px> <p style=MARGIN:0px>Member of the Audit Committee</p></td></tr> <tr> <td width=138 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px>Eric W. Reinhard</p></td> <td width=54 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>56</p></td> <td width=105 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="MARGIN:0px; PADDING-RIGHT:14px" align=center>2005</p></td> <td width=326 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px>Member of the Compensation Committee</p></td></tr> <tr> <td width=138 style=MARGIN-TOP:0px> <p style=MARGIN:0px>Robert J. Stetson</p></td> <td width=54 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>64</p></td> <td width=105 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:14px" align=center>2014</p></td> <td width=326 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=138 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style=MARGIN:0px>Alan A. Teran</p></td> <td width=54 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style=MARGIN:0px align=center>69</p></td> <td width=105 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style="MARGIN:0px; PADDING-RIGHT:14px" align=center>2012</p></td> <td width=326 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px>Chairman of the Compensation Committee</p> <p style=MARGIN:0px>Member of the Audit Committee</p></td></tr></table> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b><u>Business Experience</u></b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b><i>Geoffrey R. Bailey</i></b></p> <p style=MARGIN:0px align=justify>Mr. Bailey is a director of The Erie County Investment Co., which owns 99% of The Bailey Company. &nbsp;The Bailey Company was also previously a franchisee and joint venture partner of the Company. &nbsp;Mr. Bailey joined The Erie County Investment Co. in 1979. &nbsp;Mr. Bailey is a graduate of the University of Denver with a Bachelor<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s degree in Business Administration.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Bailey was selected to serve on our Board in light of his substantial experience within the restaurant industry and his broad knowledge concerning corporate governance and management.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b><i>Gary J. Heller</i></b></p> <p style=MARGIN:0px align=justify>Mr. Heller is currently President of Heathcote Capital LLC, periodically acting as the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s financial advisor. &nbsp;See <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Certain Relationships and Related Party Transactions.<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>&nbsp; Mr. Heller also served as Chief Operating Officer of Il Mulino New York, which operates and licenses fine dining Italian restaurants, from October 2012 to June 2013.&nbsp; Prior to March 2012, Mr. Heller also served as a director and executive officer of Elephant &amp; Castle Group, Inc. &nbsp;Prior to his involvement in the restaurant industry, Mr. Heller served as a Managing Director of FTI Capital Advisors, LLC and a Director of Andersen Corporate Finance LLC. &nbsp;&nbsp;Mr. Heller holds a BA in Economics from the University of Pennsylvania and an MBA in Finance from New York University.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Heller was selected to serve on our Board of Directors in light of his substantial experience in the restaurant industry and his experience as a financial advisor and an investment banker.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b><i>Boyd E. Hoback</i></b></p> <p style=MARGIN:0px align=justify>Mr. Hoback has served as our President and Chief Executive Officer and as a member of our Board of Directors since December 1992 and has been in the restaurant business since the age of 16. &nbsp;Mr. Hoback has been a vital part of the development of the Company and has been involved in developing and managing all areas of the Company. &nbsp;Mr. Hoback is an honors graduate of the University of Colorado in Finance.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Hoback was selected to serve on our Board in light of his in-depth understanding of our business.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>We have also designated Mr. Hoback as one of five managers of Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Franchise Development, LLC, an entity in which we hold a 48% voting membership interest.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br><br></p> <p style=MARGIN:0px align=center>4</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify><b><i>Steven M. Johnson</i></b></p> <p style=MARGIN:0px align=justify>Mr. Johnson is currently a Jimmy John<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s franchisee in Oklahoma. &nbsp;Prior to becoming a Jimmy John<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s franchisee, Mr. Johnson served as the Chief Executive Officer of F&amp;H Acquisition Corp., which owns and operates the Champps, Fox &amp; Hound, and Bailey<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s restaurant concepts. &nbsp;From 1999 to 2006, Mr. Johnson served as Chief Executive Officer of Fox &amp; Hound Restaurant Group. &nbsp;From 1992 until 1998, Mr. Johnson was Chief Operating Officer for Coulter Enterprises, Inc., a Pizza Hut franchisee operating 100 Pizza Hut restaurants. &nbsp;From 1985 through 1991, he was Controller for Fugate Enterprises, Inc., a Pizza Hut, Taco Bell and Blockbuster Video franchisee. &nbsp;Previously, he was employed by the accounting firm of Ernst &amp; Young. &nbsp;&nbsp;Mr. Johnson is a certified public accountant.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Johnson also serves on the board of directors of Pizza Inn Holdings, Inc. (Nasdaq: PZZI), a position he has held since 2006.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Johnson holds a degree in accounting from Wichita State University.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Johnson was selected to serve on our Board in light of his substantial experience in the restaurant industry.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>We have also designated Mr. Johnson as one of five managers of Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Franchise Development, LLC, an entity in which we hold a 48% voting membership interest.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b><i>Eric W. Reinhard</i></b></p> <p style=MARGIN:0px align=justify>Mr. Reinhard serves as Chairman and CEO of Spyglass Capital Partners, LLC, a collaborative effort by independent beverage entrepreneurs formed to identify early stage brands and innovations that directly impacts the beverage industry and is a Partner at Rumble, LLC, a consulting firm that provides guidance and strategic planning for early stage consumer products (2014-present). &nbsp;Prior to his recent assignment, Mr. Reinhard served as President of the Pepsi Cola Bottler<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Association, a beverage association management and consulting firm (2006-2013). &nbsp;Prior to June 2004 he was the Senior Vice President &amp; General Manager for the Pepsi Bottling Group<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Great West Business Unit. &nbsp;While in this role, Mr. Reinhard was also a member of the Pepsi Bottling Group<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Chairman<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Council, a member of the Food Service Strategic Planning Committee, and a member of The Dr. Pepper Bottler Marketing Committee. &nbsp;Mr. Reinhard joined Pepsi Cola in 1984 after four years with The Proctor &amp; Gamble Distributing Company. &nbsp;Since 1984 he has held several field and headquarters positions including Vice President/General Manager Pepsi-Lipton Tea Partnership (JV), General Manager Mid-Atlantic business Unit, Area Vice President Retail Channels, Vice President On-Premise Operations and Area Vice President of Franchise Operations. &nbsp;Mr. Reinhard holds a BA from Michigan State University and has completed the Executive Business Program at the University of Michigan.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Reinhard was selected to serve on our Board in light of his substantial experience within the beverage industry and his broad knowledge concerning corporate governance and management.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>From 2005-2010, Mr. Reinhard also served as Chairman of our Board.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b><i>Robert J. Stetson</i></b></p> <p style=MARGIN:0px align=justify>Mr. Stetson is currently the Chairman and Chief Executive Officer of U.S. Restaurant Properties, a NYSE traded Real Estate Investment Trust and has served in this position since 2010. &nbsp;In the restaurant industry, Mr Stetson is the former President-Restaurant Division and Chief Financial Officer of Burger King Inc and the CEO of Shoneys Inc. &nbsp;Additionally, he was CFO and later CEO of Pearle Vision, the eyewear retailer and the Chairman of Taxease, a property tax finance company.&nbsp; He has served on a number of restaurant company boards including Del Friscos, Capital Grille and Bugaboo Creek Steakhouses, and Shoneys Inc. &nbsp;He has a BA from Harvard University and an MBA from Harvard Business School.&nbsp;</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Stetson was selected to serve on our Board in light of his substantial experience within the restaurant industry and his broad knowledge concerning corporate governance, leadership and finance.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify><b><i>Alan A. Teran</i></b></p> <p style=MARGIN:0px align=justify>Mr. Teran is currently a principal in multiple private restaurants. &nbsp;He previously served on our Board from 1994 to 2010. &nbsp;Mr. Teran also served as a Director of Morton<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Restaurant Group, Inc. from 1994 until February 2012. &nbsp;He served as president of the Cork &amp; Cleaver restaurant chain from 1975 to 1981 and served as a Director for Boulder Valley National Bank and Charlie Brown<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Restaurants. &nbsp;He was one of the first franchisees of Le Peep Restaurants. &nbsp;Mr. Teran graduated from the University of Akron in 1968 with a degree in business.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Teran was selected to serve on our Board in light of his substantial experience within the restaurant industry, his experience as an investor in multiple private restaurants, and his prior service on our Board.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br><br></p> <p style=MARGIN:0px align=center>5</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify>There are no family relationships among the directors. &nbsp;As discussed below, under the heading <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Director Independence,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> the Board has determined that of the current directors Messrs. Bailey, Dobbin, Har-Even, Johnson, Reinhard, Stetson and Teran are independent directors under the NASDAQ listing standards.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Geoffrey R. Bailey was originally elected to the Board pursuant to contractual board representation rights granted to The Bailey Company in connection with its investment in shares of our Series A Convertible Preferred Stock in 1996. &nbsp;Mr. Bailey has continued to serve on the Board pursuant to contractual board representation rights held by The Bailey Company and its affiliates (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>The Bailey Group<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) in connection with our Series B Convertible Preferred Stock financing in February 2005 and the subsequent modification of those contractual rights in connection with the closing of our initial investment transaction with the Investor in December 2010, whereby The Bailey Group is entitled to designate one individual for election to our Board.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Eric W. Reinhard was originally elected to the Board pursuant to contractual board representation rights granted to certain investors in connection with our Series B Convertible Preferred Stock financing in February 2005 and the subsequent modification of those contractual rights in connection with the closing of our initial investment transaction with the Investor in December 2010, whereby Mr. Reinhard and his affiliates are entitled to designate one individual for election to our Board.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Messrs. Heller and Teran were originally elected to the Board pursuant to contractual director designation rights granted to Small Island Investments Limited (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>SII<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) in connection with its initial investment in our Common Stock in December 2010 and its subsequent investment in our Series C Convertible Preferred Stock in September 2013. &nbsp;The investment agreements provided that, for so long as SII continued to own at least 50% of our outstanding capital stock, (i) our Board shall not consist of more than seven directors, and (ii) SII would have the right to designate four individuals for election to our Board. &nbsp;Following the completion of our public offering of shares of Common Stock and related warrants on August 21, 2013, SII no longer owns at least 50% of our outstanding capital stock and thus no longer has the right to designate four individuals for election to our Board. &nbsp;</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Vote Required for Approval</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Approval of Proposal #1 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> the election of seven directors <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> will require the affirmative vote of a majority of the votes cast by the holders of our Common Stock present in person or represented by proxy at the meeting and entitled to vote on the matter.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=center><b>THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT STOCKHOLDERS VOTE <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>FOR<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> THE COMPANY<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>S SEVEN DIRECTOR NOMINEES LISTED ON THE ENCLOSED PROXY CARD.</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style=MARGIN:0px align=center>6</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>PROPOSAL #2 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s independent registered public accounting firm for the fiscal year ended September 30, 2014 was Hein &amp; Associates LLP (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Hein<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). &nbsp;It is expected that one or more representatives of such firm will attend the Annual Meeting, will have the opportunity to make a statement if they desire to do so, and will be available to respond to appropriate questions. &nbsp;The Company has selected Hein as the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s principal independent registered public accounting firm for the fiscal year ending September 30, 2015. &nbsp;Shareholder ratification of the appointment is not required under the laws of the State of Nevada, but the Board has decided to ascertain the position of the shareholders on the appointment. &nbsp;The Company will reconsider the appointment if it is not ratified. &nbsp;Even if the appointment is ratified, the Company may direct the appointment of a different independent registered public accounting firm at any time during the fiscal year if the Company feels that such a change would be in the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s and its shareholders<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> best interests.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Vote Required</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Proposal 2 will require the affirmative vote of a majority of the votes cast by the holders of our Common Stock present in person or represented by proxy at the meeting and entitled to vote on the matter. &nbsp;Broker-non votes and abstentions will not count as votes in favor of or against the proposal and will have no effect on the vote total for the proposal.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=center><b>THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>FOR<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> RATIFICATION OF THE APPOINTMENT OF HEIN &amp; ASSOCIATES LLP AS THE COMPANY<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING SEPTEMBER 30, 2015.</b></p> <p style=MARGIN:6px align=justify><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style=MARGIN:0px align=center>7</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>CORPORATE GOVERNANCE</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Director Independence</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Common Stock is listed on the NASDAQ Capital Market under the trading symbol <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>GTIM<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>. &nbsp;NASDAQ listing rules require that a majority of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s directors be <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>independent directors<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> as defined by NASDAQ corporate governance standards.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Board has determined that of the current directors Messrs. Bailey, Dobbin, Har-Even, Johnson, Reinhard, Stetson and Teran are independent directors under the NASDAQ listing standards, while Messrs. Heller and Hoback are not independent under such standards. &nbsp;The Board has also determined that each of the three current members of the Audit Committee is <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>independent<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> for purposes of Section 10A(m)(3) of the Securities Exchange Act of 1934 under the rules of the Securities and Exchange Commission (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>SEC<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) promulgated thereunder.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Leadership Structure</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Board does not have a policy regarding the separation of the roles of Chief Executive Officer and Chairman of the Board as the Board believes it is in the best interests of the Company to make that determination from time to time based on the position and direction of the Company and the membership of the Board. &nbsp;However, the Board has determined that separating these roles is in the best interests of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s stockholders at this time. &nbsp;The Board believes that this structure permits the Chief Executive Officer to focus on the management of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s day-to-day operations. &nbsp;It is intended that the Board designate a Chairman of the Board following the Annual Meeting.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Risk Oversight</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Material risks are identified and prioritized by the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s management and reported to the Board for oversight. &nbsp;The Board as a whole administers the Board<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s risk oversight function. &nbsp;The Board regularly reviews information regarding the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s credit, liquidity, and operations, as well as the risks associated with each. &nbsp;In addition, the Board continually works, with the input of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s executive officers, to assess and analyze the most likely areas of future risk for the Company.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Code of Ethics</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Company has adopted a Code of Business Conduct which applies to all directors, officers, employees, and franchisees of the Company. &nbsp;The Code of Business Conduct was filed as an exhibit to the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Annual Report on Form 10-KSB for the fiscal year ended September 30, 2003. &nbsp;The Code of Business Conduct is also available on the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s website at <u>www.goodtimesburgers.com</u>.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Board Committees</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The standing committees of the Board are the Audit Committee, which is currently comprised of Mr. Har-Even (Chairman), (who is not a nominee for re-election) and Messrs. Johnson and Teran, and the Compensation Committee, which is currently comprised of Messrs. Bailey, Reinhard, and Teran (Chairman). &nbsp;As discussed under the heading <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Nominee Selection Process<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> below, there is no standing nominating committee of the Board and instead the Board as a whole acts as the nominating committee for the selection of nominees for election as directors.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Audit Committee</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Audit Committee currently consists of Messrs. Har-Even (Chairman), Johnson and Teran. &nbsp;It is intended that the Board designate a Chairman of the Audit Committee following the Annual Meeting. &nbsp;The Board has determined that all of the members of the Audit Committee are <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>independent,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> as defined by the NASDAQ listing standards and by applicable SEC rules. &nbsp;In addition, the Board has determined that Mr. Har-Even is an audit committee financial expert, as that term is defined by the SEC rules, by virtue of having the following attributes through relevant experience: (i) an understanding of generally accepted accounting principles and financial statements; (ii) the ability to assess the general application of such principles in connection with the accounting for estimates, accruals, and reserves; (iii) experience preparing, auditing, analyzing, or evaluating financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of issues that can reasonably be expected to be raised by the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s financial statements, or experience actively supervising one or more persons engaged in such activities; (iv) an </p> <p style=MARGIN:0px align=justify><br><br></p> <p style=MARGIN:0px align=center>8</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify>understanding of internal controls and procedures for financial reporting; and (v) an understanding of audit committee functions.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The function of the Audit Committee relates to oversight of the auditors, the auditing, accounting, and financial reporting processes, and the review of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s financial reports and information. &nbsp;In addition, the functions of this Committee have included, among other things, recommending to the Board the engagement or discharge of independent auditors, discussing with the auditors their review of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s quarterly results and the results of their audit, and reviewing the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s internal accounting controls. &nbsp;The Audit Committee operates pursuant to a written Charter adopted by the Board. &nbsp;A current copy of the Audit Committee Charter is available on our website at <u>www.goodtimesburgers.com</u>. &nbsp;The Audit Committee held five meetings during the fiscal year ended September 30, 2014.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Compensation Committee</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Compensation Committee currently consists of Messrs. Bailey, Reinhard, and Teran (Chairman). &nbsp;The Board has determined that all of the members of the Compensation Committee are <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>independent,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> as defined by the NASDAQ listing standards. &nbsp;The function of the Compensation Committee is to consider and determine all matters relating to the compensation of the President and Chief Executive Officer and other executive officers, including matters relating to the employment agreements. &nbsp;The Compensation Committee held two meetings during the fiscal year ended September 30, 2014.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The responsibility of the Compensation Committee is to review and approve the compensation and other terms of employment of our Chief Executive Officer and our other executive officers, including all of the executive officers named in the Summary Compensation Table in this Proxy Statement (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Named Executive Officers<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). &nbsp;Among its other duties, the Compensation Committee oversees all significant aspects of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s compensation plans and benefit programs. &nbsp;The Compensation Committee annually reviews and approves corporate goals and objectives for the Chief Executive Officer<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s compensation and evaluates the Chief Executive Officer<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s performance in light of those goals and objectives. &nbsp;The Compensation Committee also recommends to the Board the compensation and benefits for members of the Board. &nbsp;The Compensation Committee has also been appointed by the Board to administer our 2008 Omnibus Equity Incentive Compensation Plan, which is the successor equity compensation plan to the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s 2001 Stock Option Plan. &nbsp;The Compensation Committee does not delegate any of its authority to other persons.</p> <p style=MARGIN:0px align=justify><br></p> <p style="PADDING-LEFT:0px; MARGIN:0px" align=justify>In carrying out its duties, the Compensation Committee participates in the design and implementation and ultimately reviews and approves specific compensation programs. &nbsp;The Compensation Committee reviews and determines the base salaries for the Named Executive Officers, and also approves awards to the Named Executive Officers under the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s equity compensation plans.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; PADDING-RIGHT:0px" align=justify>In determining the amount and form of compensation for Named Executive Officers other than the Chief Executive Officer, the Compensation Committee obtains input from the Chief Executive Officer regarding the duties, responsibilities, and performance of the other executive officers and the results of performance reviews. &nbsp;The Chief Executive Officer also recommends to the Compensation Committee the base salary levels for all Named Executive Officers and the award levels for all Named Executive Officers under the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s equity compensation programs. &nbsp;No Named Executive Officer attends any executive session of the Compensation Committee or is present during final deliberations or determinations of such Named Executive Officer<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s compensation. &nbsp;The Chief Executive Officer also provides input with respect to the amount and form of compensation for the members of the Board.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Compensation Committee has the authority to directly engage, at the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s expense, any compensation consultants or other advisers as it deems necessary to carry out its responsibilities in determining the amount and form of executive and director compensation. &nbsp;For the fiscal year ended September 30, 2014, the Compensation Committee engaged the Harlon Group as its compensation consultant to review the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s executive management and board compensation policies and to benchmark the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s compensation philosophies and amounts against other companies in the industry of similar size. &nbsp;The Harlon Group provided the Compensation Committee with surveys, reports, and other market data against which it has measured the competitiveness of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s compensation programs. &nbsp;In determining the amount and form of executive and director compensation, the Compensation Committee has reviewed and discussed historical salary information as well as salaries and cash and equity incentive compensation for similar positions at comparable companies.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Compensation Committee operates pursuant to a written Charter adopted by the Board. &nbsp;A current copy of the Compensation Committee Charter is available on our website at <u>www.goodtimesburgers.com</u>.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br><br></p> <p style=MARGIN:0px align=center>9</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify><b>Communication with Directors</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Board welcomes questions or comments about us and our operations. &nbsp;Those interested may contact the Board as a whole or any one or more specified individual directors by sending a letter to the intended recipients<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> attention in care of Good Times Restaurants Inc., Attention: Corporate Secretary, 601 Corporate Circle, Golden, CO 80401. &nbsp;All such communications other than commercial advertisements will be forwarded to the appropriate director or directors for review.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Director Attendance at Meetings</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>There were four meetings of the Board held during the fiscal year ended September 30, 2014. No member of the Board attended fewer than 75% of the Board meetings and applicable committee meetings for the fiscal year ended September 30, 2014.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Company does not have a formal policy on director attendance at the annual meeting. &nbsp;All Directors attended the annual meeting of stockholders for the fiscal year ended September 30, 2013, which was held on February 7, 2014. </p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Nominee Selection Process</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Our Board as a whole acts as the nominating committee for the selection of nominees for election as directors. &nbsp;We do not have a separate standing nominating committee since we require that our director nominees be approved as nominees by a majority of our independent directors. &nbsp;The Board will consider suggestions by stockholders for possible future nominees for election as directors at the next annual meeting when the suggestion is delivered in writing to the corporate secretary of the Company by August 30 of the year immediately preceding the annual meeting. &nbsp;No request for a recommended nominee was made by the 2014 deadline by any stockholder or group of stockholders with beneficial ownership of more than five percent of our Common Stock as indicated in a Schedule 13D or 13G, other than those stockholders with contractual board representation or director designation rights as discussed above.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Board selects each nominee, subject to contractual representation or designation rights held by certain stockholders, based on the nominee<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s skills, achievements, and experience, with the objective that the Board as a whole should have broad and relevant experience in high policymaking levels in business and a commitment to representing the long-term interests of the stockholders. &nbsp;The Board believes that each nominee should have experience in positions of responsibility and leadership, an understanding of our business environment, and a reputation for integrity.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Board evaluates each potential nominee individually and in the context of the Board as a whole. &nbsp;The objective is to recommend a group that will effectively contribute to our long-term success and represent stockholder interests. &nbsp;In determining whether to recommend a director for re-election, the Board also considers the director<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s past attendance at meetings and participation in and contributions to the activities of the Board.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>When seeking candidates for director, the Board solicits suggestions from incumbent directors, management, stockholders, and others. &nbsp;The Board does not have a charter for the nominating process.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Company does not have a formal policy with regard to the consideration of diversity in identifying director nominees, but the Board strives to nominate directors with a variety of complementary skills so that, as a group, the Board will possess the appropriate talent, skills, and expertise to oversee the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s business.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Directors<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> Compensation </b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Each non-employee director received $1,000 for each Board of Directors meeting attended. &nbsp;Members of the Compensation and Audit Committees generally each received $500 per meeting attended. &nbsp;However, where both Compensation and Audit Committee meetings are held at the same gathering, only $500 is paid to directors attending both committee meetings. </p> <p style="MARGIN-BOTTOM:11px; MARGIN-TOP:0px"><br></p> <p style=MARGIN:0px align=justify><br><br></p> <p style=MARGIN:0px align=center>10</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify>The following table sets forth compensation information for the fiscal year ended September 30, 2014 with respect to directors:</p> <p style=MARGIN:0px align=justify><br></p> <table bordercolor=transparent style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=25> <td width=95> <td width=72> <td width=60> <td width=60> <td width=96> <td width=96> <td width=96> <td width=58> <td width=1 /> </tr><tr> <td width=661 height=21 colspan=10 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px><b>Director Compensation Table for Fiscal Year Ended September 30, 2014</b></p> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=216 height=57 colspan=2 style="WIDTH:216px; BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center>Name</p></td> <td width=72 height=57 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center>Fees Earned or Paid in Cash ($)</p></td> <td width=60 height=57 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center>Stock Awards ($)</p></td> <td width=60 height=57 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center>Option Awards ($) <sup>1, 2</sup></p></td> <td width=96 height=57 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center>Non-Equity Incentive Plan Compensation ($)</p></td> <td width=96 height=57 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center>Nonqualified Deferred Compensation Earnings $</p></td> <td width=96 height=57 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center>All Other Compensation $</p></td> <td width=60 height=57 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center>Total $</p></td></tr> <tr> <td width=121 height=1 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px>Geoffrey R. Bailey</p></td> <td width=72 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>6,000</p></td> <td width=60 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>6,000</p></td></tr> <tr> <td width=121 height=1 colspan=2 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>David Dobbin</p></td> <td width=72 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>5,500</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 colspan=2 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>5,500</p></td></tr> <tr> <td width=121 height=1 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px>Gary Heller</p></td> <td width=72 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>4,000</p></td> <td width=60 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>4,000</p></td></tr> <tr> <td width=121 height=1 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Eric W. Reinhard </p></td> <td width=72 height=1 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>6,500</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>6,500</p></td></tr> <tr> <td width=121 height=1 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px>Alan Teran</p></td> <td width=72 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>11,000</p></td> <td width=60 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>11,000</p></td></tr> <tr> <td width=121 height=1 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Robert Stetson <sup>2</sup></p></td> <td width=72 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>2,000</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 colspan=2 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>2,000</p></td></tr> <tr> <td width=121 height=1 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px>Steve Johnson</p></td> <td width=72 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>7,500</p></td> <td width=60 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>7,500</p></td></tr> <tr> <td width=121 height=1 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Reuven Har-Even</p></td> <td width=72 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>9,000</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 colspan=2 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=right>9,000</p></td></tr> <tr> <td width=121 height=1 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px>Boyd E. Hoback <sup>3</sup></p></td> <td width=72 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=center>-</p></td> <td width=60 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=center>-</p></td></tr> <tr> <td width=25 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><sup>1</sup></p></td> <td width=634 colspan=8 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify>As of September 30, 2014, the following directors held equity compensation awards to purchase the following number of shares of our Common Stock: &nbsp;Mr. Bailey 15,999 shares; Mr. Dobbin 12,667 shares; Mr. Heller 12,667 shares; Mr. Reinhard 18,167 shares; Mr. Teran 9,000 shares; Mr. Har-Even 5,000; and Mr. Hoback 164,887 shares.</p></td> <td colspan=8 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=25 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style=MARGIN:0px><sup>2</sup></p></td> <td width=634 colspan=8 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=justify>Mr. Stetson was elected to the board May 2, 2014.</p></td> <td colspan=8 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=25 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><sup>3</sup></p></td> <td width=634 colspan=8 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify>Mr. Hoback is an employee director and does not receive additional fees for service as a member of the Board.</p></td> <td colspan=8 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr></table> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Section 16(a) Beneficial Ownership Reporting Compliance</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Under Section 16(a) of the Securities Exchange Act of 1934, directors, executive officers and persons who own more than ten percent of our Common Stock must disclose their initial beneficial ownership of the Common Stock and any changes in that ownership in reports which must be filed with the SEC and the Company. The SEC has designated specific deadlines for these reports and the Company must identify in this proxy statement those persons who did not file these reports when due.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Based solely on a review of the reports filed with the Company and written representations received from reporting persons the Company believes that during the fiscal year ended September 30, 2014 all Section 16(a) filing requirements for its officers, directors, and more than ten percent shareholders were complied with on a timely basis, with the exception of the following:</p> <p style=MARGIN:0px align=justify><br></p> <table bordercolor=transparent style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=139> <td width=120> <td width=144> <td width=108 /> </tr><tr> <td width=139 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:22px" align=center><b>Name</b></p></td> <td width=120 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px align=center><b>Number of Late Reports</b></p></td> <td width=144 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px align=center><b>Number of Transactions Covered</b></p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px align=center><b>Known Failures to File Form</b></p></td></tr> <tr> <td width=139 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify>David L. Dobbin</p></td> <td width=120 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>1</p></td> <td width=144 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>1</p></td> <td width=108 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>0</p></td></tr> <tr> <td width=139 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style=MARGIN:0px align=justify>Steven M. Johnson</p></td> <td width=120 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style=MARGIN:0px align=center>1</p></td> <td width=144 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style=MARGIN:0px align=center>1</p></td> <td width=108 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style=MARGIN:0px align=center>0</p></td></tr> <tr> <td width=139 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify>Eric W. Reinhard</p></td> <td width=120 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>1</p></td> <td width=144 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>1</p></td> <td width=108 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>0</p></td></tr> <tr> <td width=139 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style=MARGIN:0px align=justify>Alan A. Teran</p></td> <td width=120 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style=MARGIN:0px align=center>1</p></td> <td width=144 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style=MARGIN:0px align=center>1</p></td> <td width=108 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style=MARGIN:0px align=center>0</p></td></tr></table> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-BOTTOM:11px; MARGIN-TOP:0px"><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style=MARGIN:0px align=center>11</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b><i>The Bailey Company</i></b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Our corporate headquarters are located in a building owned by The Bailey Company and in which The Bailey Company also has its corporate headquarters.&nbsp;&nbsp;We currently lease approximately 4,900 square feet of space for our executive offices in Golden, Colorado for approximately $95,128 per year under a lease agreement, with annual rent increases, which expires September 30, 2019. &nbsp;Subsequent to the fiscal year end, we executed a lease amendment that modifies the expiration date to May 15, 2015 and reduces the monthly rent by 50% for December 2014 through April 2015 due to alternate building plans by the landlord that affect our rights to certain common area amenities.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Bailey Company was the owner of one franchised Good Times Burgers &amp; Frozen Custard restaurant located in Loveland, Colorado.&nbsp;&nbsp;The Company purchased this restaurant in August 2012 for a purchase price of approximately $100,000.&nbsp;&nbsp;The Bailey Company was also previously the owner of one franchised restaurant in Thornton, Colorado which was closed in October 2009. The Bailey Company had entered into two franchise and management agreements with us.&nbsp;&nbsp;There were no franchise royalties or management fees paid under those agreements for the fiscal years ending September 30, 2014 and 2013.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b><i>Heathcote Financial Advisory Services Agreement</i></b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>On April 6, 2012, the Company entered into a financial advisory services agreement with Heathcote, pursuant to which the Company engaged Heathcote to provide exclusive financial advisory services to the Company in connection with a possible strategic transaction.&nbsp;&nbsp;Gary J. Heller, a member of our Board of Directors, is the principal of Heathcote.&nbsp;&nbsp;Accordingly, the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s agreement with Heathcote constitutes a related party transaction and was reviewed and approved by the Audit Committee of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Board of Directors.&nbsp;&nbsp;Mr. Heller did not participate in the Audit Committee<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s consideration of the agreement and abstained from the committee<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s vote to approve the agreement.&nbsp;&nbsp;Concurrently with the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s engagement of Heathcote, Mr. Heller resigned as a member of the Audit Committee and as Chairman of the Compensation Committee, though he continues to serve on our Board.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>On March 25, 2013, the Company and Heathcote modified this agreement to exclude any transactions involving the Maxim Group LLC and for Heathcote to continue to provide non-exclusive financial advisory services to the Company.&nbsp;&nbsp;The Company paid a total of $27,900 in fees to Heathcote under the agreement for services provided in connection during fiscal 2013 and a total of $136,500 in fees to Heathcote in connection with investor relations activities during fiscal 2014 (described below).</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>On September 27, 2013, the Company and Heathcote further modified this agreement to provide for investor relations activities specifically related to the exercise of the outstanding warrants and the trading volume in the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s stock and other corporate finance projects as determined by the CEO of the company. The modification was approved by the Audit Committee of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Board of Directors.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>On November 7, 2014, the Company entered into a three month financial advisory services agreement with Heathcote, pursuant to which the Company engaged Heathcote to provide financial advisory services to the Company in connection with investor relations and a possible strategic transaction. &nbsp;Gary J. Heller, a member of our Board of Directors and is the principal of Heathcote.&nbsp;&nbsp;Accordingly, the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s agreement with Heathcote constitutes a related party transaction and was reviewed and approved by the Audit Committee of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Board of Directors.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b><i>SII Transaction</i></b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>On June 13, 2012, the Company entered into a Securities Purchase Agreement with SII, pursuant to which the Company agreed to issue and sell to SII, and SII agreed to purchase, 473,934 shares of newly designated Series C Convertible Preferred Stock for an aggregate purchase price of $2,000,000 (i.e., $4.22 per share), subject to the satisfaction of certain conditions precedent set forth in the purchase agreement.&nbsp;&nbsp;At the time the Company and SII entered into the purchase agreement, SII held 50.8% of our outstanding Common Stock.&nbsp;&nbsp;In addition, David L. Dobbin, the Chairman of our Board, is a principal of SII.&nbsp;&nbsp;Accordingly, the agreement constitutes a related party transaction and was reviewed and approved by the Audit Committee.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>On September 28, 2012, we completed the sale and issuance of 355,451 shares of Series C Convertible Preferred Stock to SII for an aggregate purchase price of $1,500,000.&nbsp;&nbsp;</p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:6px" align=justify><br><br></p> <p style=MARGIN:0px align=center>12</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="MARGIN-BOTTOM:0px; PAGE-BREAK-BEFORE:always; MARGIN-TOP:6px" align=justify>On March 28, 2014, Small Island Investments Limited converted all 355,451 shares of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Series C Convertible Preferred Stock, par value $0.01 per share, into 710,902 shares of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Common Stock, par value $0.001 per share. &nbsp;The effects of the conversion were to eliminate the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s payment of dividends on the Series C Convertible Preferred Stock and to eliminate the possible need for the Company to redeem the Series C Convertible Preferred Stock for a cash payment.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>On May 2, 2014, Hoak Public Equities, L.P., a Texas limited Partnership (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>HPE<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>), and Rest Redux LLC, a Texas member-managed limited liability company (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Rest Redux<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>), each purchased five hundred thousand (500,000) shares of Common Stock from SII at a price of $3.05 per share for an aggregate purchase price of $3,050,000 pursuant to a Purchase Agreement executed contemporaneously therewith between HPE, SII, the Company and Rest Redux (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>May Purchase Agreement<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>).</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>On October 8, 2014, HPE and Rest Redux each purchased three hundred thousand (300,000) shares of Common Stock from SII at a price of $4.10 per share for an aggregate purchase price of $2,460,000 pursuant to a Purchase Agreement executed contemporaneously therewith between HPE, SII and Rest Redux LLC (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>October Purchase Agreement<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>).</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>SII is a controlled affiliate of David Dobbin, our current Chairman. &nbsp;Robert Stetson, a current member of our Board of Directors, is the president of REIT Redux GP, LLC, a Delaware limited liability company, which is the general partner of REIT Redux, LP, a Delaware limited partnership, which is the controlling member of Rest Redux.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b><i>Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Transaction</i></b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>On April 9, 2013, the Company entered into a series of agreements with Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s International, LLC, a North Carolina limited liability company (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>BDI<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>), and Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Franchise Development, LLC, a North Carolina limited liability company (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>BDFD<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>), to acquire the exclusive development rights for Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Burger Bar restaurants in Colorado, additional restaurant development rights for Arizona and Kansas, and a 48% voting ownership interest in the franchisor entity, BDFD (collectively, the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Transaction<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). &nbsp;Each of the material agreements relating to the Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Transaction is summarized in the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Current Report on Form 8-K filed on April 15, 2013.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Additionally, in April 2013 the Company entered into a management services agreement with BDFD pursuant to which the Company will provide general management services as well as accounting and administrative services. Income received from the agreement by the Company is fully recognized in income and then proportionately offset by the 48% equity investment in BDFD. Total amounts received from BDFD per the management services agreement were $24,000 and $11,000 in fiscal 2014 and 2013, respectively. In addition to the management services the Company performed scope of work services and total amounts received from BDFD for these services were $64,000 and $18,000 in fiscal 2014 and fiscal 2013, respectively.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b><i>Other</i></b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Company entered into a standstill agreement with director Reuven Har-Even, pursuant to which Mr. Har-Even will agree that for the period ending December 31, 2015 neither he nor any affiliate, including but not limited to P&amp;E Capital, Inc., shall acquire any shares of capital stock of the Company or participate in any transaction intended to result in a change of control of the Company without the consent to such acquisition or participation by the Board of Directors of the Company. &nbsp;Additionally, the Company entered into a standstill agreement with director nominee Robert J. Stetson, pursuant to which Mr Stetson will agree that for the period ending September 30, 2015 neither he nor any affiliate shall not acquire any shares of capital stock of the Company which would increase his direct or indirect ownership to more than 1,500,000 shares, or participate in or encourage any transaction intended to result in a change of control of the Company.</p> <p style="MARGIN-BOTTOM:11px; MARGIN-TOP:0px"><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style=MARGIN:0px align=center>13</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>AUDIT COMMITTEE REPORT</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Management is responsible for the internal controls and financial reporting process for the Company. &nbsp;The independent accountants for the Company are responsible for performing an independent audit of the financial statements in accordance with generally accepted auditing standards and to issue a report on those financial statements. &nbsp;The Audit Committee<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s responsibility is to monitor and oversee these processes.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>In this context, the Audit Committee met with management and the independent accountants to review and discuss the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s financial statements for the fiscal year ended September 30, 2014. &nbsp;Management represented to the Audit Committee that the financial statements were prepared in accordance with generally accepted accounting principles, and the Audit Committee has reviewed and discussed the financial statements with management and the independent accountants.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Audit Committee has discussed with the independent accountants matters required to be discussed by Statement on Auditing Standards No. 61, Communication with Audit Committees. &nbsp;The Audit Committee has also received the written disclosures and the letter from the independent accountants required by applicable requirements of the Public Company Accounting Oversight Board regarding the independent accountants<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> communications with the Audit Committee concerning independence and the Audit Committee discussed with the independent accountants that firm<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s independence.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Based on the Audit Committee<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s review and discussions referred to above, the Audit Committee recommended to the Board of Directors that the audited financial statements be included in the Good Times Restaurants Annual Report on Form 10-K for the fiscal year ended September 30, 2014 for filing with the SEC.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px><b><u>Audit Committee</u></b></p> <p style=MARGIN:0px><i>Reuven Har-Even, Chairman</i></p> <p style=MARGIN:0px><i>Steven M. Johnson</i></p> <p style=MARGIN:0px><i>Alan A. Teran </i></p> <p style="MARGIN-BOTTOM:11px; MARGIN-TOP:0px"><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style=MARGIN:0px align=center>14</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>INDEPENDENT AUDITOR INFORMATION</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Board appointed HEIN &amp; ASSOCIATES LLP as the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s independent auditors for the fiscal year ended September 30, 2013 and the fiscal year ended September 30, 2014, and to perform other accounting services. &nbsp;Representatives of HEIN &amp; ASSOCIATES LLP are expected to be present at the annual meeting of stockholders, and will have the opportunity to make a statement if they so desire and to respond to appropriate stockholder questions.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Audit Fees</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The aggregate fees billed for professional services rendered by HEIN &amp; ASSOCIATES LLP for its audit of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s annual financial statements for the fiscal year ended September 30, 2013, and its reviews of the financial statements included in the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Quarterly Reports on Form 10-Q for the fiscal year ended September 30, 2014, were $100,350 compared to $118,395 in fees for the fiscal year ended September 30, 2013.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Audit Related Fees</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>There were no aggregate fees billed by HEIN &amp; ASSOCIATES LLP for assurance and related services that are reasonably related to the performance of the audit or review of our financial statements and are not reported under <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Audit Fees<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> for the fiscal years ended September 30, 2014 and September 30, 2013.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Tax Fees</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The aggregate fees billed by HEIN &amp; ASSOCIATES LLP for the preparation and review of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s tax returns for the fiscal year ended September 30, 2014 were $20,000 compared to $14,100 in fees for the fiscal year ended September 30, 2013.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>All Other Fees</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The aggregate fees billed to the Company for all other services rendered by HEIN &amp; ASSOCIATES LLP for the fiscal year ended September 30, 2014 were $12,675 compared to $12,636 in fees for the fiscal year ended September 30, 2013. &nbsp;These fees are primarily related to a 401(k) plan audit.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Policy on Pre-Approval Policies of Auditor Services</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Under the provisions of the Audit Committee Charter, all audit services and all permitted non-audit services (unless subject to a de minimis exception allowed by law) provided by our independent auditors, as well as fees and other compensation to be paid to them, must be approved in advance by our Audit Committee. &nbsp;All audit and other services provided by HEIN &amp; ASSOCIATES LLP during the fiscal years ended September 30, 2014 and 2013, and the related fees as discussed above, were approved in advance in accordance with SEC rules and the provisions of the Audit Committee Charter. &nbsp;There were no other services or products provided by HEIN &amp; ASSOCIATES LLP to us or related fees during the fiscal years ended September 30, 2014 and 2013 except as discussed above.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Auditor Independence</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Audit Committee of our Board has considered the effect that the provision of the services described above under the caption <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>All Other Fees<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> may have on the independence of HEIN &amp; ASSOCIATES LLP. &nbsp;The Audit Committee has determined that provision of those services is compatible with maintaining the independence of HEIN &amp; ASSOCIATES LLP as the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s principal accountants.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style=MARGIN:0px align=center>15</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The following table shows the beneficial ownership of shares of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Common Stock as of December 11, 2014 by each person known by the Company to be the beneficial owner of more than five percent of the shares of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Common Stock, each director and each executive officer named in the Summary Compensation Table, and all directors and executive officers as a group. &nbsp;The address for the principal stockholders and the directors and officers is 601 Corporate Circle, Golden, CO 80401.</p> <p style=MARGIN:0px align=justify><br></p></div> <table bordercolor=transparent style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=30> <td width=264> <td width=234> <td width=150 /> </tr><tr> <td width=294 height=9 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px"><b><u>Holder:</u></b><u> </u></p></td> <td width=234 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center><u>Number of shares beneficially owned**</u></p></td> <td width=150 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center><u>Percent of class</u><sup>1</sup></p></td></tr> <tr style=HEIGHT:0px> <td width=294 height=9 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px"><b><i>Principal stockholders:</i></b></p></td> <td width=234 height=9 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>&nbsp;</p></td> <td width=150 height=9 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>&nbsp;</p></td></tr> <tr> <td width=294 height=9 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">Small Island Investments Ltd.</p></td> <td width=234 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>494,236<sup>2</sup></p></td> <td width=150 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>5.23%</p></td></tr> <tr> <td width=294 height=9 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">Hoak Public Equities, LP</p></td> <td width=234 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>900,000<sup>3</sup></p></td> <td width=150 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>9.53%</p></td></tr> <tr> <td width=294 height=9 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">REST Redux, LLC</p></td> <td width=234 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>800,000<sup>4</sup></p></td> <td width=150 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>8.47%</p></td></tr> <tr> <td width=294 height=9 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">Manatuk Hill Partners, LLC</p></td> <td width=234 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>480,300<sup>5</sup></p></td> <td width=150 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>5.09%</p></td></tr> <tr> <td width=294 height=9 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">The Bailey Co.</p></td> <td width=234 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>273,837<sup>6</sup></p></td> <td width=150 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>2.90%</p></td></tr> <tr> <td width=294 height=9 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">The Erie Co. Investment Co.</p></td> <td width=234 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>338,730<sup>6</sup></p></td> <td width=150 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>3.59%</p></td></tr> <tr> <td width=294 height=9 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px"><b><i>Directors and Officers:</i></b></p></td> <td width=234 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=center><br></p></td> <td width=150 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=center><br></p></td></tr> <tr> <td width=294 height=9 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">Geoffrey R. Bailey-Director</p></td> <td width=234 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>20,432<sup>7</sup></p></td> <td width=150 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>*</p></td></tr> <tr> <td width=294 height=9 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">David L. Dobbin-Director</p></td> <td width=234 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>506,903<sup>8</sup></p></td> <td width=150 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>5.36%</p></td></tr> <tr> <td width=294 height=9 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">Robert J. Stetson-Director</p></td> <td width=234 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>880,000<sup>9</sup></p></td> <td width=150 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>9.32%</p></td></tr> <tr> <td width=294 height=9 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">Reuven Har-Even-Director</p></td> <td width=234 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>5,000<sup>10</sup></p></td> <td width=150 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>*</p></td></tr> <tr> <td width=294 height=9 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">Gary J. Heller-Director</p></td> <td width=234 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>12,667<sup>11</sup></p></td> <td width=150 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>*</p></td></tr> <tr> <td width=294 height=9 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">Boyd E. Hoback-Director/Officer</p></td> <td width=234 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>59,862<sup>12</sup></p></td> <td width=150 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>*</p></td></tr> <tr> <td width=294 height=9 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">Steven M. Johnson-Director</p></td> <td width=234 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>25,000</p></td> <td width=150 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>*</p></td></tr> <tr> <td width=294 height=9 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">Susan M. Knutson-Officer</p></td> <td width=234 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>11,556<sup>13</sup></p></td> <td width=150 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>*</p></td></tr> <tr> <td width=294 height=9 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">Scott G. LeFever-Officer</p></td> <td width=234 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>18,936<sup>14</sup></p></td> <td width=150 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>*</p></td></tr> <tr> <td width=294 height=9 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">Alan A. Teran <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font>Director</p></td> <td width=234 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>41,235<sup>15</sup></p></td> <td width=150 height=9 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>*</p></td></tr> <tr> <td width=294 height=9 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">Eric Reinhard-Director</p></td> <td width=234 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>114,034<sup>16</sup></p></td> <td width=150 height=9 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>1.21%</p></td></tr> <tr> <td width=294 height=9 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">All directors and executive officers as a group</p> <p style="FONT-SIZE:9pt; MARGIN:0px">(11 persons including all those named above)</p></td> <td width=234 height=9 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; PADDING-LEFT:0px; MARGIN:0px" align=center>1,695,625<sup>17</sup></p></td> <td width=150 height=9 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; PADDING-LEFT:1px; MARGIN:0px; PADDING-RIGHT:0px" align=center>17.27%</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">1</p></td> <td width=648 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px" align=justify>Based on 9,443,080 shares of Common Stock outstanding as of December 11, 2014.</p></td></tr> <tr> <td width=30 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style="FONT-SIZE:9pt; MARGIN:0px">2</p></td> <td width=648 colspan=3 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px" align=justify>SII is owned and controlled by director David L. Dobbin and members of his family.</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">3</p></td> <td width=648 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px" align=justify>The information as to Hoak Public Equities, LP (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Hoak<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) and entities controlled directly or indirectly by Hoak is derived in part from Schedule 13D, as filed with the SEC on May 2, 2014 and as amended on October 10, 2014 and December 5, 2014. &nbsp;</p></td></tr> <tr> <td width=30 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style="FONT-SIZE:9pt; MARGIN:0px">4</p></td> <td width=648 colspan=3 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px" align=justify>The information as to REST Redux, LLC (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>ReRe<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) and entities controlled directly or indirectly by ReRe is derived in part from Schedule 13D, as filed with the SEC on May 2, 2014 and as amended October 10, 2014.</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">5</p></td> <td width=648 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=justify>The information as to Manatuk Hill Partners, LLC (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Manatuk<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) and entities controlled directly or indirectly by Manatuk is derived in part from Schedule 13G, as filed with the SEC on September 16, 2014.</p></td></tr> <tr> <td width=30 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style="FONT-SIZE:9pt; MARGIN:0px">6</p></td> <td width=648 colspan=3 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=justify>The Bailey Company is 99% owned by The Erie County Investment Co., which should be deemed the beneficial owner of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Common Stock held by The Bailey Company.&nbsp;&nbsp;The Erie County Investment Co. also owns 64,893 shares of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Common Stock in its own name.&nbsp;&nbsp;Geoffrey R. Bailey is a director and executive officer of The Erie County Investment Co.&nbsp;&nbsp;Because of his ownership of only 24% of the voting shares of The Erie County Investment Co., Paul T. Bailey disclaims beneficial ownership of the shares of Common Stock held by The Bailey Company and The Erie County Investment Co.</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">7</p></td> <td width=648 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 15,999 shares underlying presently exercisable stock options.</p></td></tr> <tr> <td width=30 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style="FONT-SIZE:9pt; MARGIN:0px">8</p></td> <td width=648 colspan=3 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:12px" align=justify>Includes shares of Common Stock held beneficially by SII, of which 494,236 shares are pledged by SII as security for a line of credit with DHI Investments, Ltd.&nbsp;&nbsp;Also includes 12,667 shares underlying presently exercisable stock options held by Mr. Dobbin.</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">9</p></td> <td width=648 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:12px" align=justify>Includes shares of Common Stock held beneficially by ReRe. &nbsp;Mr. Stetson is the President of REIT Redux GP, LLC, which is the general partner of the controlling member of ReRe. &nbsp;Also includes 80,000 shares of common stock held directly by Mr. Stetson.</p></td></tr> <tr> <td width=30 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style="FONT-SIZE:9pt; MARGIN:0px">10</p></td> <td width=648 colspan=3 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 5,000 shares underlying presently exercisable stock options.</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">11</p></td> <td width=648 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 12,667 shares underlying presently exercisable stock options.</p></td></tr> <tr> <td width=30 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style="FONT-SIZE:9pt; MARGIN:0px">12</p></td> <td width=648 colspan=3 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 38,865 shares underlying presently exercisable stock options.</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">13</p></td> <td width=648 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 11,556 shares underlying presently exercisable stock options.</p></td></tr> <tr> <td width=30 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style="FONT-SIZE:9pt; MARGIN:0px">14</p></td> <td width=648 colspan=3 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 18,936 shares underlying presently exercisable stock options.</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">15</p></td> <td width=648 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 9,000 shares underlying presently exercisable stock options and 2,000 shares held in the entity Termar Enterprises, Inc. (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Termar<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). &nbsp;Mr. Teran is the President of Termar.</p></td></tr> <tr> <td width=30 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style="FONT-SIZE:9pt; MARGIN:0px">16</p></td> <td width=648 colspan=3 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 18,167 shares underlying presently exercisable stock options.</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">17</p></td> <td width=648 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=justify>Does not include shares of Common Stock held beneficially by The Bailey Company and The Erie County Investment Co. &nbsp;If those shares were included, the number of shares of Common Stock beneficially held by all directors and executive officers as a group would be 2,034,355 and the percentage of the class would be 20.72%. </p></td></tr> <tr> <td width=30 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style="FONT-SIZE:9pt; MARGIN:0px">*</p></td> <td width=648 colspan=3 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=justify>Less than one percent.</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">**</p></td> <td width=648 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=justify>Under SEC rules, beneficial ownership includes shares over which the individual or entity has voting or investment power and any shares which the individual or entity has the right to acquire within sixty days.</p></td></tr></table> <div style=WIDTH:662px> <p style=MARGIN:0px><br></p> <p style="MARGIN-BOTTOM:11px; MARGIN-TOP:0px"><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style=MARGIN:0px align=center>16</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>EXECUTIVE COMPENSATION</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><b>Executive Officers</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>The executive officers of the Company are as follows:</p> <p style=MARGIN:0px><br></p> <table bordercolor=transparent style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=142> <td width=54> <td width=162> <td width=201 /> </tr><tr> <td width=142 height=15 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px><b><u>Name</u></b></p></td> <td width=54 height=15 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px><b><u>Age</u></b></p></td> <td width=162 height=15 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="PADDING-LEFT:22px; MARGIN:0px"><b><u>Position</u></b></p></td> <td width=201 height=15 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:4px" align=center><b><u>Date Began With Company</u></b></p></td></tr> <tr> <td width=142 height=15 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Boyd E. Hoback</p></td> <td width=54 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:4px">59</p></td> <td width=162 height=15 style=MARGIN-TOP:0px valign=top> <p style="PADDING-LEFT:22px; MARGIN:0px">President &amp; CEO</p></td> <td width=201 height=15 style=MARGIN-TOP:0px valign=top> <p style="PADDING-LEFT:4px; MARGIN:0px; PADDING-RIGHT:16px" align=center>September 1987</p></td></tr> <tr> <td width=142 height=15 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px>Susan M. Knutson</p></td> <td width=54 height=15 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:4px">56</p></td> <td width=162 height=15 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="PADDING-LEFT:22px; MARGIN:0px">Controller</p></td> <td width=201 height=15 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="PADDING-LEFT:4px; MARGIN:0px; PADDING-RIGHT:16px" align=center>September 1987</p></td></tr> <tr> <td width=142 height=15 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Scott G. LeFever</p></td> <td width=54 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:4px">56</p></td> <td width=162 height=15 style=MARGIN-TOP:0px valign=top> <p style="PADDING-LEFT:22px; MARGIN:0px">VP of Operations</p></td> <td width=201 height=15 style=MARGIN-TOP:0px valign=top> <p style="PADDING-LEFT:4px; MARGIN:0px; PADDING-RIGHT:16px" align=center>September 1987</p></td></tr></table> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><i>Boyd E. Hoback.</i> &nbsp;See the description of Mr. Hoback<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s business experience under the heading <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Director Nominees<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> under <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Proposal #1 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> Election of Directors<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> above.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><i>Susan M. Knutson </i>has been Controller since 1993 with direct responsibility for overseeing the accounting department, maintaining cash controls, producing budgets, financials, and quarterly and annual reports required to be filed with the SEC, acting as the principal financial officer of the Company, and preparing all information for the annual audit.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><i>Scott G. LeFever</i> has been Vice President of Operations since August 1995, and has been involved in all phases of operations with direct responsibility for restaurant service performance, personnel, and cost controls.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Executive officers do not have fixed terms and serve at the discretion of the Board. &nbsp;There are no family relationships among the executive officers or directors.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Executive Compensation</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The following table sets forth compensation information for the fiscal years ended September 30, 2014 and September 30, 2013 with respect to the Named Executive Officers:</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px><b>Summary Compensation Table for the Fiscal Years Ended September 30, 2014 and September 30, 2013:</b></p> <p style=MARGIN:0px><br></p></div> <table bordercolor=transparent style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=30> <td width=84> <td width=34> <td width=54> <td width=42> <td width=54> <td width=60> <td width=90> <td width=96> <td width=72> <td width=54 /> </tr><tr> <td width=219 height=48 colspan=2 style="WIDTH:219px; BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px><b>Name and</b></p> <p style=MARGIN:0px><b>Principal Position</b></p></td> <td width=34 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px><b>Year</b></p></td> <td width=54 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px align=center><b>Salary</b></p> <p style=MARGIN:0px align=center><b>$</b></p></td> <td width=42 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px align=center><b>Bonus $</b></p></td> <td width=54 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px align=center><b>Stock Awards $</b></p></td> <td width=60 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px align=center><b>Option Awards $<sup>3</sup></b></p></td> <td width=90 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px align=center><b>Non-Equity Incentive Plan Compensation $</b></p></td> <td width=96 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px align=center><b>Nonqualified Deferred Compensation Earnings $</b></p></td> <td width=72 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px align=center><b>All Other Comp $</b></p></td> <td width=54 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px><b>Total $</b></p></td></tr> <tr> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=34 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=54 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=42 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=54 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=60 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=90 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=96 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=72 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=54 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=114 height=1 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="PADDING-LEFT:2px; MARGIN:0px">Boyd E. Hoback</p></td> <td width=34 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>2014</p></td> <td width=54 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=right>206,400</p></td> <td width=42 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=right>13,248</p></td> <td width=54 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:4px" align=center>57,020</p></td> <td width=90 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=72 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:16px" align=right>15,401</p></td> <td width=54 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=center>292,069</p></td></tr> <tr> <td width=114 height=1 colspan=2 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="PADDING-LEFT:2px; MARGIN:0px">President &amp; Chief Executive Officer</p></td> <td width=34 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style=MARGIN:0px align=center>2013</p></td> <td width=54 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style=MARGIN:0px align=right>182,800</p></td> <td width=42 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style=MARGIN:0px align=center>-</p></td> <td width=54 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; PADDING-RIGHT:4px" align=center>26,330</p></td> <td width=90 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style=MARGIN:0px align=center>-</p></td> <td width=72 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; PADDING-RIGHT:16px" align=right>16,496<sup>1</sup></p></td> <td width=54 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style=MARGIN:0px align=center>225,626</p></td></tr> <tr> <td width=134 height=1 colspan=2 style="WIDTH:134px; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="PADDING-LEFT:2px; MARGIN:0px" align=left>Scott&nbsp;G. LeFever</p></td> <td width=34 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>2014</p></td> <td width=54 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=right>123,396</p></td> <td width=42 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=right>9,723</p></td> <td width=54 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="MARGIN:0px; PADDING-RIGHT:4px" align=center>22,834</p></td> <td width=90 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=72 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="MARGIN:0px; PADDING-RIGHT:16px" align=right>12,775<sup>2</sup></p></td> <td width=54 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>168,728</p></td></tr> <tr> <td width=114 height=1 colspan=2 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="PADDING-LEFT:2px; MARGIN:0px">Vice President of Operations</p></td> <td width=34 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style=MARGIN:0px align=center>2013</p></td> <td width=54 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style=MARGIN:0px align=right>111,700</p></td> <td width=42 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=54 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; PADDING-RIGHT:4px" align=center>13,918</p></td> <td width=90 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=72 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; PADDING-RIGHT:16px" align=right>12,6112<sup>2</sup></p></td> <td width=54 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style=MARGIN:0px align=center>138,229</p></td></tr> <tr> <td width=189 height=1 colspan=2 style="WIDTH:189px; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="PADDING-LEFT:2px; MARGIN:0px" align=left>Susan M. Knutson</p></td> <td width=34 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=center>2014</p></td> <td width=54 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=right>94,500</p></td> <td width=42 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style=MARGIN:0px align=right>10,321</p></td> <td width=54 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:4px" align=center>18,346</p></td> <td width=90 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=72 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:16px" align=right>6,633<sup>2</sup></p></td> <td width=54 height=1 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style=MARGIN:0px align=center>129,800</p></td></tr> <tr> <td width=114 height=1 colspan=2 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="PADDING-LEFT:2px; MARGIN:0px">Controller</p></td> <td width=34 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style=MARGIN:0px align=center>2013</p></td> <td width=54 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=right>88,300</p></td> <td width=42 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=54 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=60 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:4px" align=center>11,125</p></td> <td width=90 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=96 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>-</p></td> <td width=72 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:16px" align=right>6,552<sup>2</sup></p></td> <td width=54 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>105,977</p></td></tr> <tr> <td width=30 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style="FONT-SIZE:9pt; MARGIN:0px"><sup>1</sup></p></td> <td width=640 colspan=10 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px" align=justify>The amount indicated for Mr. Hoback includes an automobile allowance, long-term disability and personal expenses.</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px"><sup>2</sup></p></td> <td width=640 colspan=10 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px" align=justify>The amounts indicated for Mr. LeFever and Ms. Knutson include an automobile allowance and long-term disability.</p></td></tr> <tr> <td width=30 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style="FONT-SIZE:9pt; MARGIN:0px"><sup>3</sup></p></td> <td width=640 colspan=10 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px" align=justify>The value of equity awards shown in these columns includes all amounts expensed in the Company's financial statements in fiscal years 2014 and 2013 for equity awards in accordance with the guidance of FASB ASC 718-10-30, Compensation <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> Stock Compensation, excluding any estimate for forfeitures. &nbsp;The Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s accounting treatment for, and assumptions made in the valuations of, equity awards is set forth in Note 1 of the notes to the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s 2014 consolidated financial statements included in the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Annual Report on Form 10-K for the fiscal year ended September 30, 2014. &nbsp;There were no option awards re-priced in 2014.</p></td></tr></table> <div style=WIDTH:662px> <p style=MARGIN:0px align=justify><br></p> <p style="PADDING-LEFT:12px; MARGIN:0px" align=justify>There were no shares of SARs granted during the fiscal years ended September 30, 2014 or 2013 nor has there been any nonqualified deferred compensation paid to any named executive officers during the fiscal years ended September 30, 2014 or 2013. &nbsp;The Company does not have any plans that provide for specified retirement payments and benefits at, following or in connection with retirement.</p> <p style=MARGIN:0px><br></p></div> <div style=WIDTH:902px> <p style=MARGIN:0px><br></p> <p style="MARGIN-BOTTOM:6px; MARGIN-TOP:0px"><br><br></p> <p style=MARGIN:0px align=center>17</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="MARGIN-BOTTOM:6px; MARGIN-TOP:0px">The following table sets forth information as of September 30, 2014 on all unexercised options previously awarded to the Named Executive Officers:</p></div> <table bordercolor=transparent style="FONT-SIZE:10pt; BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=30> <td width=106> <td width=90> <td width=114> <td width=103> <td width=66> <td width=72> <td width=64> <td width=72> <td width=96> <td width=121 /> </tr><tr> <td width=936 height=19 colspan=11 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; PADDING-LEFT:124px; MARGIN:0px" align=center><b>Outstanding Equity Awards at Fiscal Year-End</b></p></td></tr> <tr> <td width=582 height=19 colspan=7 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center><b>Option Awards</b></p></td> <td width=354 height=19 colspan=4 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center><b>Stock Awards</b></p></td></tr> <tr> <td width=136 height=113 colspan=2 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Name</p></td> <td width=90 height=113 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Number of Securities Underlying Unexercised Options -Exercisable (#)</p></td> <td width=114 height=113 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Number of Securities Underlying Unexercised Options -Unexercisable (#)</p></td> <td width=103 height=113 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#)</p></td> <td width=66 height=113 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Option Exercise Price $</p></td> <td width=72 height=113 style="BORDER-RIGHT:#000000 3px solid; BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Option Expiration Date</p></td> <td width=64 height=113 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Number of Shares or Units of Stock That Have Not Vested (#)</p></td> <td width=72 height=113 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Market Value of Shares or Units of Stock That Have Not Vested ($)</p></td> <td width=96 height=113 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)</p></td> <td width=121 height=113 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)</p></td></tr> <tr> <td width=136 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:16px; MARGIN:0px">&nbsp;Boyd E. Hoback</p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>4,000</p></td> <td width=114 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$9.33</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>10/01/14</p></td> <td width=64 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:2px" align=center>_</p></td> <td width=72 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; PADDING-LEFT:4px; MARGIN:0px; PADDING-RIGHT:4px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:16px; MARGIN:0px">&nbsp;</p></td> <td width=90 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>2,833</p></td> <td width=114 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$17.04</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>10/01/15</p></td> <td width=64 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:2px" align=center>_</p></td> <td width=72 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; PADDING-LEFT:4px; MARGIN:0px; PADDING-RIGHT:4px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:16px; MARGIN:0px">&nbsp;</p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>6,333</p></td> <td width=114 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$19.14</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>11/17/16</p></td> <td width=64 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:2px" align=center>_</p></td> <td width=72 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; PADDING-LEFT:4px; MARGIN:0px; PADDING-RIGHT:4px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>9,501</p></td> <td width=114 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$4.41</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>11/14/18</p></td> <td width=64 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:2px" align=center>_</p></td> <td width=72 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; PADDING-LEFT:4px; MARGIN:0px; PADDING-RIGHT:4px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>4,551</p></td> <td width=114 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$3.45</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>11/06/19</p></td> <td width=64 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:2px" align=center>_</p></td> <td width=72 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; PADDING-LEFT:4px; MARGIN:0px; PADDING-RIGHT:4px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>10,647</p></td> <td width=114 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$1.56</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>12/13/20</p></td> <td width=64 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:2px" align=center>_</p></td> <td width=72 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; PADDING-LEFT:4px; MARGIN:0px; PADDING-RIGHT:4px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>5,000</p></td> <td width=114 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$1.31</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>12/14/21</p></td> <td width=64 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:2px" align=center>_</p></td> <td width=72 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; PADDING-LEFT:4px; MARGIN:0px; PADDING-RIGHT:4px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>0</p></td> <td width=114 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:21px" align=right>45,696 <sup>(1)</sup></p></td> <td width=103 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$2.31</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>01/02/23</p></td> <td width=64 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:2px" align=center>_</p></td> <td width=72 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; PADDING-LEFT:4px; MARGIN:0px; PADDING-RIGHT:4px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>0</p></td> <td width=114 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:21px" align=right>44,000 <sup>(2)</sup></p></td> <td width=103 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$2.48</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>11/21/23</p></td> <td width=64 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:2px" align=center>_</p></td> <td width=72 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; PADDING-LEFT:4px; MARGIN:0px; PADDING-RIGHT:4px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="FONT-SIZE:9pt; PADDING-LEFT:16px; MARGIN:0px">&nbsp;Scott G. LeFever</p></td> <td width=90 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>1,917</p></td> <td width=114 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$9.33</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>10/01/14</p></td> <td width=64 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-LEFT:16px; MARGIN:0px">&nbsp;</p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>1,917</p></td> <td width=114 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$17.04</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>10/01/15</p></td> <td width=64 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="FONT-SIZE:9pt; PADDING-LEFT:16px; MARGIN:0px">&nbsp;</p></td> <td width=90 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>1,917</p></td> <td width=114 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$19.14</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>11/17/16</p></td> <td width=64 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-LEFT:16px; MARGIN:0px">&nbsp;</p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>5,669</p></td> <td width=114 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$4.41</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>11/14/18</p></td> <td width=64 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>1,449</p></td> <td width=114 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$3.45</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>11/06/19</p></td> <td width=64 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>7,985</p></td> <td width=114 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$1.56</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>12/13/20</p></td> <td width=64 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:2px" align=center>_</p></td> <td width=72 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; PADDING-LEFT:4px; MARGIN:0px; PADDING-RIGHT:4px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>0</p></td> <td width=114 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:21px" align=right>22,346 <sup>(1)</sup></p></td> <td width=103 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$2.31</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>01/02/23</p></td> <td width=64 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>0</p></td> <td width=114 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:21px" align=right>13,000 <sup>(2)</sup></p></td> <td width=103 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$2.48</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>11/21/23</p></td> <td width=64 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="FONT-SIZE:9pt; PADDING-LEFT:16px; MARGIN:0px">Susan M. Knutson</p></td> <td width=90 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>1,320</p></td> <td width=114 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$9.33</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>10/01/14</p></td> <td width=64 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-LEFT:16px; MARGIN:0px">&nbsp;</p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>1,467</p></td> <td width=114 height=17 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$17.04</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>10/01/15</p></td> <td width=64 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style="FONT-SIZE:9pt; PADDING-LEFT:16px; MARGIN:0px">&nbsp;</p></td> <td width=90 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>1,467</p></td> <td width=114 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$19.14</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>11/17/16</p></td> <td width=64 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-LEFT:16px; MARGIN:0px">&nbsp;</p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>2,033</p></td> <td width=114 height=17 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$4.41</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>11/14/18</p></td> <td width=64 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>1,267</p></td> <td width=114 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$3.45</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>11/06/19</p></td> <td width=64 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>5,323</p></td> <td width=114 height=17 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; PADDING-LEFT:23px; MARGIN:0px; PADDING-RIGHT:21px" align=center>_</p></td> <td width=103 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$1.56</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>12/13/20</p></td> <td width=64 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style=MARGIN-TOP:0px> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>0</p></td> <td width=114 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:21px" align=right>18,132 <sup>(1)</sup></p></td> <td width=103 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$2.31</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>01/02/23</p></td> <td width=64 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc"><p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=136 height=17 colspan=2 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:22px" align=right>0</p></td> <td width=114 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:21px" align=right>10,000 <sup>(2)</sup></p></td> <td width=103 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=66 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=right>$2.48</p></td> <td width=72 height=17 style="BORDER-RIGHT:#000000 3px solid; BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>11/21/23</p></td> <td width=64 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td> <td width=72 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:8px" align=center>_</p></td> <td width=96 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px; PADDING-RIGHT:10px" align=center>_</p></td> <td width=121 height=17 style="BORDER-BOTTOM:#000000 3px solid; MARGIN-TOP:0px"> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>_</p></td></tr> <tr> <td width=30 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top><p style="FONT-SIZE:9pt; MARGIN:0px"><sup>1</sup></p></td> <td width=906 colspan=10 style="MARGIN-TOP:0px; BACKGROUND-COLOR:#ccffcc" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">The options were granted on January 2, 2013. Assuming continued employment with the Company, the shares under the option agreements will become fully exercisable on January 2, 2016.</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px"><sup>2</sup></p></td> <td width=906 colspan=10 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px">The options were granted on November 21, 2013. Assuming continued employment with the Company, the shares under the option agreements will become fully exercisable on November 21, 2016.</p></td></tr></table> <div style=WIDTH:902px> <p style=MARGIN:0px><br></p></div> <div style=WIDTH:662px> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify><br><br></p> <p style=MARGIN:0px align=center>18</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style=MARGIN:0px align=justify><b>Employment Agreement</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Hoback entered into an employment agreement with us in October 2001 and the terms of the agreement were revised effective October 2007 for compliance with Section 409A of the Internal Revenue Code and further amended effective as of December 1, 2013.&nbsp;&nbsp;The amended agreement provides for his employment as president and chief executive officer for two years from the date of the agreement at a minimum salary of $225,000 per year and performance cash bonuses and equity awards, terminable by us only for cause.&nbsp;&nbsp;The agreement provides for payment of one year<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s salary and benefits and the average of the annual incentive compensation for the two years immediately prior to the year of the termination in the event that change of ownership control results in a termination of his employment or termination other than for cause.&nbsp;&nbsp;This agreement renews automatically unless specifically not renewed by our Board of Directors.&nbsp;&nbsp;Mr. Hoback<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s compensation, including salary, expense allowance, bonus and any equity award, is reviewed and set annually by the Compensation Committee.&nbsp;&nbsp;Mr. Hoback<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s bonus, when applicable, is based on the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s achieving certain Earnings Before Interest, Taxes, Depreciation and Amortization (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>EBITDA<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) targets for the year and other operating metrics.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Other Employment Arrangements</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. LeFever and Ms. Knutson are employed as <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>employees at will<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> and do not have written employment agreements.&nbsp;&nbsp;Their compensation, including salary, expense allowance, bonus and any equity awards, is reviewed and approved by the Compensation Committee annually.&nbsp;&nbsp;They participate in a bonus program that is based on both the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s level of EBITDA for the year and achieving certain operating metrics and sales targets approved by the Compensation Committee.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>BDFD Compensation Arrangements</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Amended and Restated Operating Agreement of BDFD (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>BDFD Operating Agreement<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) provides that BDFD may issue Class B Units which are intended to be issued as <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>profits interests<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> in BDFD.&nbsp;&nbsp;The Board of Managers of BDFD has authority to issue up to such number of Class B Units as is equal to an aggregate of 15% of the outstanding units of BDFD owned by all members.&nbsp;&nbsp;In addition to the provisions of the Operating Agreement, all Class B Units are subject to the terms and conditions of a grant agreement governing the terms of such Units. Initial grants of 5% each have been made to Boyd Hoback, in his capacity as Chief Executive Officer of BDFD, and Scott Somes, in his capacity as Chief Operating Officer of BDFD, pursuant to Class B Unit Grant Agreements between BDFD and such individuals dated April 9, 2013.&nbsp;&nbsp;The Class B Units are fully earned but subject to forfeiture, in all or in part, during the first 36 months after the grant date.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>STOCKHOLDER NOMINATIONS AND OTHER PROPOSALS</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Any stockholder proposal for the annual meeting of stockholders for the fiscal year ended September 30, 2014, to be held in 2015, must be received by the Company by September 7, 2014 for the proposal to be included in the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s proxy statement and form of proxy for that meeting. &nbsp;If notice of a proposal for which a stockholder will conduct his or her own proxy solicitation is not received by the Company by November 22, 2014, such proposal will be considered untimely pursuant to Rules 14a-4 and 14a-5(e) of the Securities Exchange Act of 1934, and the person named in proxies solicited by the Board may use his or her discretionary authority when the matter is raised at the meeting, without including any discussion of the matter in the proxy statement.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>OTHER MATTERS</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>As of the date of this Proxy Statement, our Board does not intend to present at the Annual Meeting any matters other than those described herein and does not presently know of any matters that will be presented by other parties. &nbsp;If any other matter is properly brought before the Annual Meeting for action by the stockholders, proxies in the enclosed form returned to us will be voted in accordance with the recommendation of our Board or, in the absence of such recommendation, in accordance with the judgment of the proxy holder.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify><b>WHERE YOU CAN FIND MORE INFORMATION</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Company is subject to the informational requirements of the Securities Exchange Act of 1934, as amended. &nbsp;The Company files reports, proxy statements, and other information with the SEC. &nbsp;The public may read and copy any materials that we file with the SEC at the SEC<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Public Reference Room at 100 F Street, N.E., Washington D.C. 20549. &nbsp;The public may obtain information on the operation of the Public Reference Room by calling 1-800-SEC-0330. &nbsp;The statements and forms we file with the SEC have been filed electronically and are available for viewing or copy on the SEC maintained Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. &nbsp;The Internet address for this site can be found at <u>www.sec.gov</u>.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br><br></p> <p style=MARGIN:0px align=center>19</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style=MARGIN:0px align=justify>A copy of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Annual Report on Form 10-K for the fiscal year ended September 30, 2014 and copies of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Quarterly Reports on Form 10-Q for the fiscal quarters ended December 31, 2013, March 31, 2014 and June 30, 2014, can be found at the SEC<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s internet site. &nbsp;The Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Annual Report on Form 10-K (including the financial information set forth therein) is incorporated by reference into this Proxy Statement, as described below. &nbsp;The Company will provide upon written request, without charge to each stockholder of record as of the record date, a copy of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Annual Report on Form 10-K for the fiscal year ended September 30, 2014, as filed with the SEC. &nbsp;Any exhibits listed in the Form 10-K report also will be furnished upon request at the actual expense incurred by the Company in furnishing such exhibits. &nbsp;Any such requests should be directed to the attention of our corporate secretary at the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s corporate offices located at 601 Corporate Circle, Golden, Colorado 80401.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>INCORPORATION OF DOCUMENTS BY REFERENCE</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The SEC allows the Company to <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>incorporate by reference<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> into this Proxy Statement documents that we file with the SEC. &nbsp;This means that the Company can disclose important information to you by referring to those documents. &nbsp;The information incorporated by reference is considered to be a part of this Proxy Statement. &nbsp;We incorporate by reference the following information from the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Annual Report on Form 10-K for the fiscal year ended September 30, 2014:</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:12pt; FONT-FAMILY:Symbol; WIDTH:96px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:48px">&#183;</p> <p style="PADDING-LEFT:96px; MARGIN:0px; TEXT-INDENT:-2px" align=justify>the information under the caption <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Item 6. Management<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Discussion and Analysis of Financial Condition and Results of Operations<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>;</p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:12pt; FONT-FAMILY:Symbol; WIDTH:96px; FLOAT:left; CLEAR:left; MARGIN-TOP:0px; TEXT-INDENT:48px">&#183;</p> <p style="PADDING-LEFT:96px; MARGIN:0px; TEXT-INDENT:-2px" align=justify>the information under the caption <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Item 7. Financial Statements<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>; and</p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:12pt; FONT-FAMILY:Symbol; WIDTH:96px; FLOAT:left; CLEAR:left; MARGIN-TOP:0px; TEXT-INDENT:48px">&#183;</p> <p style="PADDING-LEFT:96px; MARGIN:0px; TEXT-INDENT:-2px" align=justify>the information under the caption <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Item 8. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>.</p> <p style="CLEAR:left; MARGIN:0px" align=justify><br></p> <p style=MARGIN:0px align=center><b>STOCKHOLDERS ARE URGED TO IMMEDIATELY MARK, DATE, SIGN, AND RETURN THE ENCLOSED PROXY IN THE ENCLOSED POSTAGE-PAID ENVELOPE. &nbsp;YOUR VOTE IS IMPORTANT.</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><b>BY ORDER OF THE BOARD OF DIRECTORS</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><i>/s/ Boyd E. Hoback</i></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>Boyd E. Hoback</p> <p style=MARGIN:0px>President and Chief Executive Officer</p> <p style=MARGIN:0px><br><br></p> <p style=MARGIN:0px align=center>20</p></div></body>
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