Good Times Restaurants Inc. (NASDAQ: GTIM), a regional restaurant company focused on operating and developing Good Times Burgers & Frozen Custard and Bad Daddy’s Burger Bar restaurants, today announced that Steven Johnson and Reuven Har-Even have been nominated by the Board of Directors of the Company to be elected as new members of the Board at the Annual Meeting of Stockholders scheduled to be held on September 27, 2013. They are intended to fill the Board vacancies created by Neil Calvert’s ceasing to be a Director and by the enlargement of the Board from seven members to eight.
Mr. Johnson, 54, was the Chief Executive Officer of F&H Acquisition Corp. from 2006 through 2012, which owns and operates the Champps, Fox & Hound, and Bailey’s restaurant concepts generating over $300 million in sales in 2012. Mr. Johnson currently serves on the board of directors of Pizza Inn, Inc. From 1999 to 2006, Mr. Johnson served as Chief Executive Officer of Fox & Hound Restaurant Group. From 1991 until 1998, Mr. Johnson was Chief Operating Officer for Coulter Enterprises, Inc., a Pizza Hut franchisee operating 100 Pizza Hut restaurants. From 1985 through 1990, he was Controller for Fugate Enterprises, Inc., a Pizza Hut, Taco Bell and Blockbuster Video franchisee. Previously, he was employed by the accounting firm of Ernst & Young. Mr. Johnson is a certified public accountant and is currently a Jimmy John’s franchisee in Oklahoma City.
Mr. Har-Even, 65, is currently an Executive Vice President and Chief Financial Officer of P&E Capital, Inc., a family office holding company. In addition to supervising, managing and guiding the portfolio companies, Mr. Har-Even evaluated and is currently evaluating numerous investment opportunities in the restaurant industry. From 2002 to 2005 Mr. Har-Even served as Executive Vice President and Chief Financial Officer of Tiffen Acquisition LLC, a photographic equipment manufacturer and distributor. From 2001 to 2002 Mr. Har-Even served as Chief Financial and Administrative Officer of The Goldman Group, a global holding company of six machine tool subsidiaries. From 1997 to 2001 Mr. Har-Even served as acting Chief Operating Officer and Chief Financial Officer of Hayward Industrial Products, Inc., a manufacturer of industrial filtration products. From 1987 to 1997 Mr. Har-Even served as the Chief Financial Officer of Hayward Industries, Inc., holding company of the largest swimming pool equipment manufacturer in North America. Prior to 1987 Mr. Har-Even was a partner at Grant Thornton, an international accounting and consulting firm.
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