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Golden, Colorado-based Good Times Restaurants Inc. (NASDAQ:GTIM), a $26 million market cap restaurant operator generating annual revenues of $145.5 million, announced the results of its 2025 Annual Meeting of Shareholders, which took place on February 20, 2025. The company, which has maintained profitability over the last twelve months despite challenging market conditions, saw its shareholders elect five directors to its board and make key decisions on executive compensation vote frequency and the appointment of its independent auditor.According to InvestingPro data, management has been actively buying back shares, demonstrating confidence in the company’s future. InvestingPro subscribers have access to 7 additional key insights about GTIM’s performance and prospects.
During the meeting, shareholders voted to elect Charles E. Jobson, Jason S. Maceda, Sophia Rivka Rossi, Jennifer C. Stetson, and Ryan M. Zink to the company’s board of directors for a one-year term. The advisory vote on the frequency of future advisory votes to approve the compensation of the company’s named executive officers resulted in a preference for biennial votes, which the company has adopted.
Additionally, the shareholders ratified the appointment of Moss Adams LLP as the independent registered public accounting firm for the fiscal year ending September 30, 2025.
The election of directors saw varying levels of support, with Charles E. Jobson receiving 4,869,228 votes for, Jason S. Maceda with 4,393,858, Sophia Rivka Rossi at 4,396,644, Jennifer C. Stetson with 4,906,106, and Ryan M. Zink receiving 4,608,613 votes for their election. There were also a number of withheld votes and broker non-votes recorded for each candidate.
In the advisory vote on executive compensation frequency, 2,466,814 votes were cast in favor of holding the vote every two years, compared to 2,457,750 for annual votes and 127,680 for a triennial frequency.
The appointment of Moss Adams LLP as the company’s auditor for the upcoming fiscal year was overwhelmingly supported, with 8,702,036 votes for, 49,128 against, and 60,026 abstentions.
Following the annual meeting, the Board of Directors elected Charles E. Jobson as the Chairman of the Board. The company also announced the members of the Audit and Compensation Committees, with Jason S. Maceda chairing the Audit Committee and Jennifer C. Stetson heading the Compensation Committee. The board’s oversight will be crucial as the company maintains its 5.5% revenue growth and manages its financial health, which InvestingPro currently rates as "FAIR" based on comprehensive analysis of multiple financial indicators.For investors seeking deeper insights, InvestingPro offers a detailed research report on GTIM, part of its coverage of over 1,400 US stocks, providing essential metrics and expert analysis for informed investment decisions.
Good Times Restaurants Inc. has confirmed that these decisions are in line with the preferences expressed by its shareholders and has committed to implementing the biennial advisory vote on executive compensation. The information in this article is based on the company’s latest SEC filing.
In other recent news, Good Times Restaurants Inc. reported its fourth-quarter 2024 earnings, highlighting a net income of $200,000, which translates to earnings per share (EPS) of $0.02. This marks a significant improvement from the previous year’s loss of $600,000. The company’s revenue reached $36.3 million, with total restaurant sales increasing by $2 million to $26.1 million. In addition to financial results, Good Times Restaurants announced executive changes, with Donald L. Stack, the Senior Vice President of Operations, resigning effective May 31, 2025. His responsibilities will be divided between CEO Ryan M. Zink and Craig Soto, who will assume the role of Director of Operations.
The company also noted that Bad Daddy’s same-store sales experienced a decline of 5.5% in early Q2 2025. Furthermore, Good Times Restaurants is exploring new restaurant locations and continuing its share repurchase program. The company is also focusing on innovative media strategies to attract a younger demographic. Analysts have not reported any recent upgrades or downgrades for Good Times Restaurants, but the firm continues to navigate market challenges, including rising ground beef costs and competitive pressures in the fast-casual dining sector.
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