Good Times Restaurants Names Chief Executive Officer
April 10 2020 - 02:03PM
Business Wire
The Good Times Restaurants Inc. (Nasdaq: GTIM) Board of
Directors announced today that Ryan Zink has been named Chief
Executive Officer of Good Times Restaurants Inc. effective
immediately. Mr. Zink has served as Acting Chief Executive Officer
and Chief Financial Officer since October 2019.
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Ryan Zink Named Chief Executive Officer
(Photo: Business Wire)
“I have the utmost confidence in Ryan. As Acting CEO, he has
demonstrated outstanding leadership and the ability that will be
needed to lead the Company out of the impact of the Coronavirus
pandemic and into a bright future,” Geoff Bailey, Chairman of the
Board of Directors, said. “The Board of Directors is excited about
Mr. Zink’s fresh perspective and energy, coupled with his finance
and operations experience, and we believe it’s what the Company
needs to build strong, successful brands and to improve shareholder
value,” Mr. Bailey continued.
In Mr. Zink’s role as CEO, he will directly oversee both of the
Company’s brands and corporate functions. Mr. Zink will report to
the Chairman of the Board of Directors. The Company does not intend
to appoint a CFO at this time.
Mr. Zink commented, “I am honored to take the helm in a
permanent appointment, even at such a turbulent time for our
industry and our customers. The foundation that our management team
has built over the last six months has enabled us to be nimble and
take immediate action to maintain both liquidity and operating
capability through the pandemic. I am confident that as our
nation’s crisis passes, our brands will be well positioned to
capitalize on renewed demand for the high-quality food and unique
experience that Good Times and Bad Daddy’s provide our guests.”
Mr. Zink joined the Company in 2017 as its Chief Financial
Officer. Immediately prior to joining the Company, Mr. Zink served
as Corporate Finance Director and Reporting Leader for INVISTA, a
wholly-owned subsidiary of Koch Industries, Inc. He also served in
various capacities with F&H Acquisition Corp., parent of the
Fox and Hound and Champps restaurant brands, including Senior Vice
President of Finance, and Chief Operating Officer for its Champps
concept. Mr. Zink began his career as an accountant with the
professional services firm KPMG LLP.
About Good Times Restaurants Inc.: Good Times Restaurants
Inc. (GTIM) owns, operates, franchises and licenses 39 Bad Daddy’s
Burger Bar restaurants through its wholly-owned subsidiaries. Bad
Daddy’s Burger Bar is a full-service “small box” restaurant concept
featuring a chef-driven menu of gourmet signature burgers, chopped
salads, appetizers and sandwiches with a full bar and a focus on a
selection of craft microbrew beers in a high-energy atmosphere that
appeals to a broad consumer base. Additionally, through its wholly
owned subsidiaries, Good Times Restaurants Inc. operates and
franchises a regional quick-service restaurant chain consisting of
33 Good Times Burgers & Frozen Custard restaurants focused on
fresh, high-quality, all-natural products which are located
primarily in Colorado.
Good Times Forward Looking Statements: This press release
contains forward looking statements within the meaning of federal
securities laws. The words “intend,” “may,” “believe,” “will,”
“should,” “anticipate,” “expect,” “seek” and similar expressions
are intended to identify forward looking statements. These
statements involve known and unknown risks, which may cause the
Company’s actual results to differ materially from results
expressed or implied by the forward-looking statements. These risks
include such factors as the uncertain nature of current restaurant
development plans and the ability to implement those plans and
integrate new restaurants, delays in developing and opening new
restaurants because of weather, local permitting or other reasons,
increased competition, cost increases or shortages in raw food
products, and other matters discussed under the Risk Factors
section of Good Times’ Annual Report on Form 10-K for the fiscal
year ended September 24, 2019 filed with the SEC. Although Good
Times may from time to time voluntarily update its forward-looking
statements, it disclaims any commitment to do so except as required
by securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20200410005167/en/
GOOD TIMES RESTAURANTS INC. CONTACTS: Ryan Zink, Chief
Executive Officer (303) 384-1432 Christi Pennington (303)
384-1440
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