Good Times Restaurants Announces Change in Chief Executive Officer

Good Times Restaurants Inc. (Nasdaq: GTIM) today announced the departure of its Chief Executive Officer, Boyd Hoback and his resignation from the Company’s Board of Directors. The Company has named Ryan Zink, the Company’s current Chief Financial Officer, as its acting Chief Executive Officer. Mr. Zink is a candidate for the permanent CEO position and will also remain the Company’s Chief Financial Officer until a permanent CEO is named.

“We are grateful to Boyd for his many invaluable contributions to Good Times as Chief Executive Officer and during his 30 plus year tenure at the company. As a founder of the Good Times brand, Boyd will always be indelibly linked to the company and deservedly so,” said Geoff Bailey, Chairman of the Board of Directors of Good Times. “It goes without saying that we wish Boyd all the best in his future endeavors.”

“Good Times is a first-class organization with an exciting future, and I am proud of my legacy there. I will sincerely miss all of the company’s various constituents that I have gotten to know and worked closely with during my leadership of Good Times, including our customers, management team and employees,” said Boyd Hoback. “I wish the company the very best and look forward to my next chapter.”

Mr. Bailey, further commented, “We want to thank Ryan for stepping up to fill the role of Chief Executive Officer on an acting basis. Ryan’s familiarity with the company, his financial responsibilities and his role across the organization makes him a logical choice to serve as our top executive at this time, and his broad understanding of the needs and character of our organization will be of great value as we pursue filling the permanent CEO role.”