Good Times Restaurants Hires New Chief Financial Officer
Executive brings extensive industry and capital markets experience to leadership team.
GOLDEN, Colo. - April 07, 2015 - (BUSINESS WIRE) - Good Times Restaurants Inc. (NASDAQ: GTIM), owner of Good Times Burgers & Frozen Custard, a regional quick-service restaurant chain focused on fresh, high quality, all natural products and a licensee of Bad Daddy’s Burger Bar, a full service, upscale concept, today announced the hiring of Jim Zielke as Chief Financial Officer, effective May 4, 2015.
“Jim brings a great combination of internal financial skills, ability to communicate with the financial community, and experience managing a high growth restaurant company in the public markets”
Mr. Zielke joins Good Times with over 20 years of experience in the restaurant and finance industries. As chief financial officer of Good Times, Mr. Zielke will oversee the financial strategy and management of the Company as well as the Information Technology, Human Resources and Legal departments.
A recognized leader in the industry, Mr. Zielke most recently served as President and Chief Financial Officer of F&H Acquisition Corp., parent company of the Fox & Hound and Champps restaurant concepts. He held the CFO post during Fox & Hound’s transition from a private to a public company and through its acquisition of Champps. Mr. Zielke also has held senior finance and accounting positions with Pepsico Restaurant Services (now known as Yum Brands) and in public accounting with Ernst & Young.
“Jim brings a great combination of internal financial skills, ability to communicate with the financial community, and experience managing a high growth restaurant company in the public markets,” said Boyd Hoback, President & CEO. “In addition to proven financial skills, he has the reputation of being one of the smartest guys around, with a close tie to and understanding of operations. That combination brings us a great balance of tight cost controls without compromising the execution of our two concepts’ brand experience that is positioned on high quality and personalized service. Jim will continue to improve our strong foundation of systems to support accelerated new unit growth. As we have indicated, we have aggressive growth goals and Jim will help maintain strong financial management and a rigorous commitment to our restaurant-level financial models, and assist in our capital formation strategy as we move forward.”
About Good Times Restaurants Inc.
Good Times Restaurants Inc. (GTIM) operates Good Times Burgers & Frozen Custard, a regional chain of quick service restaurants located primarily in Colorado, in its wholly owned subsidiary, Good Times Drive Thru Inc. Good Times provides a menu of high quality all natural hamburgers, 100% all natural chicken tenderloins, fresh frozen custard, fresh cut fries, fresh lemonades and other unique offerings. Good Times currently operates and franchises a total of 37 restaurants.
GTIM owns and operates three Bad Daddy’s Burger Bar restaurants as a licensee through its wholly owned subsidiary, BD of Colorado LLC, and franchises Bad Daddy’s Burger Bar restaurants through its 48% ownership of Bad Daddy’s Franchise Development LLC. Bad Daddy’s Burger Bar is a full service, upscale, “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.
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/A for the fiscal year ended September 30, 2014 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.
SOURCE Good Times Restaurants Inc.
Boyd E. Hoback
Good Times Restaurants Inc.
President and CEO
Good Times Restaurants Inc.
Porter, LeVay & Rose