Item 8.01 Other Events.

On September 24, 2012, Good Times Restaurants Inc. (the "Company") issued a press release announcing that it has received shareholder approval for the closing scheduled this week of the previously announced $2 million convertible preferred stock transaction with Small Island Investments, Ltd. The shareholder vote approving the transaction was previously reported by the Company on a Current Report on Form 8-K filed with the Securities and Exchange Commission on September 20, 2012.

Following the closing, the Company's net equity will exceed the required minimum of $2.5 million for continued listing on the Nasdaq Capital Market.

The Company intends to use the proceeds of the transaction to repay all remaining bank debt and to increase its working capital position as it continues to evaluate acquisition and growth opportunities.

A copy of the Company's press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are filed as part of this report:

Exhibit Number Description

99.1 Company Press Release dated September 24, 2012.