Good Times Restaurants Inc. Hires New Chief Financial Officer
July 19 2017 - 12:35PM
Business Wire
Executive brings a deep background of financial
and operating roles
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 of Bad Daddy’s Burger Bar, a full service, upscale
concept, today announced the resignation of Jim Zielke as Chief
Financial Officer and the hiring of Ryan Zink as its new Chief
Financial Officer. Mr. Zielke’s resignation as Chief Financial
Officer will take effect on July 31, 2017; however, Mr. Zielke will
continue as an employee of the Company through August 31, 2017 to
facilitate his successor’s transition into the role.
Mr. Zielke submitted his formal resignation as a result of an
ownership opportunity in a privately held restaurant company. The
Company has had prior discussions with Mr. Zink, who worked
extensively with Mr. Zielke while at F&H Acquisition Corp, and
they will have approximately one month of working together for a
transition prior to Mr. Zielke’s departure.
Prior to his appointment as Chief Financial Officer, Mr. Zink,
38, was the Corporate Finance Director and Reporting Leader, and
previously Operations Controller for INVISTA, a wholly-owned
subsidiary of Koch Industries, Inc., positions he has held since
March 2014. From January 2000 to March 2014, he 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. Prior to his service with F&H, Mr. Zink worked for
KPMG, LLP.
“We appreciate all of the hard work and contributions that Jim
has made on behalf of the Company over the last two plus years and
we wish him well in his new venture. Ryan came highly recommended,
not only by Jim but by others that have worked with him inside and
outside the restaurant industry for his intellect, work ethic,
financial sophistication and experience. He brings the same great
combination of internal financial skills and ability to communicate
with the financial community as Jim, but also more experience in
other roles managing a restaurant company in the public markets,”
said Boyd Hoback, President & CEO. “He has extensive experience
in the IT, marketing and operating arenas with considerable depth
in financial planning, analysis and forecasting. We expect that
Ryan will be able to continue to improve on our strong foundation
of systems to support our significant expansion plans and help to
improve our operating margins by working closely with our
operations teams for both brands.”
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, natural cut fries, fresh lemonades and other unique
offerings. Good Times currently operates and franchises a total of
38 restaurants.
GTIM owns, operates and licenses twenty-three Bad Daddy’s Burger
Bar restaurants. 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 for the fiscal
year ended September 27, 2016 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170719006109/en/
Good Times Restaurants Inc.Investor Relations
Contacts:Boyd E. Hoback, 303-384-1400President and CEOorChristi
Pennington, 303-384-1440orJim Zielke, 303-384-1437
Good Times Restaurants (NASDAQ:GTIM)
Historical Stock Chart
From Apr 2024 to May 2024
Good Times Restaurants (NASDAQ:GTIM)
Historical Stock Chart
From May 2023 to May 2024