Title: Good Times Restaurants Announces Senior Management Transition

In a recent development at Good Times Restaurants Inc. (NASDAQ:GTIM), Donald L. Stack, who served as the Senior Vice President of Operations for the Good Times brand, has chosen to resign from his role in the company. The resignation will come into effect on May 31, 2025.

Stack joined the company in a senior operational role, contributing significantly to the overall growth and development of the Good Times brand. As per the information provided, his decision to part ways with the company was not induced by any disagreement over the company’s operations, policies, or practices.

Following Stack’s departure, his responsibilities will be distributed between Ryan M. Zink, the current CEO of the company, and Craig Soto, a Regional Manager with Good Times who has been appointed as the Director of Operations, a newly created position in the company.

Good Times Restaurants Inc. is a Nevada-registered company. It is primarily engaged in the development, operation, franchising, and conceptualization of premium quick-service restaurants and casual dining. It’s shares are traded on the Nasdaq Stock Exchange under the trading symbol GTIM.

In an additional financial update, TransMontaigne Partners LLC has managed to raise $500 million in a private offering that dispenses registration requirements of the Securities Act of 1933, thanks to an exemption. The 8.500% senior unsecured notes raised are due 2030 and are offered at a full issue price.

The raised amount will be utilized by TransMontaigne to redeem all of its 6.125% Senior Unsecured Notes due 2026. A part of it will also be used to repay the indebtedness under its revolving credit facility and to repay TLP Finance’s term loan due 2025. Any leftover amount post these commitments will be allocated for general corporate purposes.

The notes were sold to qualified institutional buyers as per Rule 144A of the Securities Act and to some non-U.S. individuals outside the United States according to Regulation S of the Securities Act.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Good Times Restaurants’s 8K filing here.

Good Times Restaurants Company Profile

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. It operates and franchises Good Times Burgers & Frozen Custard, an upscale quick-service drive-through dining restaurant; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full-service upscale casual dining restaurant.