-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PszpT0SocwuiuPp6Cdmt/r0Gxsh0io1DAKQxWeeSOd0YDDnFeC/vJx6esA3Lc40f UpaIvQMdzCzuK64L7dhR+w== 0000927356-98-001705.txt : 19981030 0000927356-98-001705.hdr.sgml : 19981030 ACCESSION NUMBER: 0000927356-98-001705 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981029 SROS: NASD GROUP MEMBERS: BAILEY CO L P GROUP MEMBERS: PAUL T. BAILEY GROUP MEMBERS: THE ERIE COUNTY INVESTMENT CO., SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GOOD TIMES RESTAURANTS INC CENTRAL INDEX KEY: 0000825324 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 841133368 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-42729 FILM NUMBER: 98732938 BUSINESS ADDRESS: STREET 1: 8620 WOLFF CT STE 330 CITY: WESTMINSTER STATE: CO ZIP: 80030 BUSINESS PHONE: 3034274221 MAIL ADDRESS: STREET 1: 8620 WOLFF COURT STREET 2: SUITE 330 CITY: WESTMINSTER STATE: CO ZIP: 80030 FORMER COMPANY: FORMER CONFORMED NAME: PARAMOUNT VENTURES INC DATE OF NAME CHANGE: 19900205 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAILEY CO L P CENTRAL INDEX KEY: 0001024485 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 840584467 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 601 CORPORATE CIRCLE CITY: GOLDEN STATE: CO ZIP: 80401 BUSINESS PHONE: 3033840200 MAIL ADDRESS: STREET 2: 601 CORPORATE CIRCLE CITY: GOLDON STATE: CO ZIP: 80401 SC 13D/A 1 SCHEDULE 13D/A AMENDMENT NO.2 ------------------------------- OMB APPROVAL SECURITIES AND EXCHANGE COMMISSION ------------------------------- Washington, D.C. 20549 OMB Number: 3235-0145 Expires: October 31, 1994 Estimated average burden ------------------------------- SCHEDULE 13D (Rule 13d-101) Information to be included in statements filed pursuant to Rule 13d-1(a) and Amendments thereto filed pursuant to Rule 13d-2(a) (Amendment No. 2)/1/ GOOD TIMES RESTAURANTS INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $0.001 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 0003821401 ------------------------------------ (CUSIP Number) DARREN R. HENSLEY, ESQ., JACOBS CHASE FRICK KLEINKOPF & KELLEY LLC 1050 SEVENTEETH STREET, STE. 1500, DENVER, COLORADO 80265 (303) 685-4800 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) OCTOBER 5, 1998 ------------------------------------ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box[_]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. /1/The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D - ---------------------- -------------------------------------- CUSIP No. 0003821401 Page 2 of 7 Pages - ---------------------- -------------------------------------- ================================================================================ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only) THE BAILEY COMPANY, L.P., IRS # 84-0584467 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION COLORADO - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 460,828 ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON -0- ------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 460,828 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 460,828 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ---------------------- -------------------------------------- CUSIP No. 0003821401 Page 3 of 7 Pages - ---------------------- -------------------------------------- ================================================================================ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) THE ERIE COUNTY INVESTMENT CO., IRS #34-4227790 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION OHIO - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 502,608 ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON -0- ------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 475,508 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 502,608 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ---------------------- -------------------------------------- CUSIP No. 0003821401 Page 4 of 7 Pages - ---------------------- -------------------------------------- ================================================================================ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) PAUL T. BAILEY - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 22,000 ------------------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 502,608 ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 22,000 ------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 475,508 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 524,608 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 30.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - ---------------------------- ---------------------------- CUSIP No. 0003821401 Page 5 of 7 Pages - ---------------------------- ---------------------------- Amendment No. 2 to Schedule 13D This amended statement relates to the shares of Common Stock, $0.001 par value ("Common Stock"), of Good Times Restaurants Inc., a Nevada corporation (the "Company"). Item 5 of a statement on Schedule 13D previously filed by The Erie County Investment Co., an Ohio corporation ("Erie"), The Bailey Company, L.P., a Colorado limited partnership ("Bailey"), and Mr. Paul T. Bailey, an individual ("Mr. Bailey"), is amended as set forth below. 5 - -------------------- ----------------------- CUSIP No. 0003821401 Page 6 of 7 Pages - -------------------- ----------------------- Item 5. Interest in Securities of the Issuer. - --------------------------------------------- No change except for restatement of (a) and (b) as follows: (a) As of August 31, 1998, Bailey converted 1,000,000 shares of the Company's Series A Convertible Preferred Stock, $0.01 par value (the "Preferred Stock"), into 426,667 shares of Common Stock (the "Conversion"). As a result of the Conversion, Bailey owns 460,828 shares of Common Stock, which represent approximately 26.4% of the outstanding Common Stock (based on the number of shares of Common Stock outstanding as of June 30, 1998 as reported by the Company in its Quarterly Report on Form 10-QSB for the quarter ended June 30, 1998 (the "Outstanding Shares") and giving effect to the Conversion). Erie and Mr. Bailey own 41,780 shares and 22,000 shares of Common Stock, respectively, which represent approximately 2.4% and 1.3%, respectively, of the outstanding Common Stock (based upon the Outstanding Shares and giving effect to the Conversion). Erie and Mr. Bailey may be deemed to beneficially own the 460,828 shares of Common Stock held by Bailey and Mr. Bailey may be deemed to beneficially own the 41,780 shares of Common Stock held by Erie. Erie and Mr. Bailey disclaim beneficial ownership of any shares of Common Stock held by Bailey and Mr. Bailey disclaims beneficial ownership of any shares of Common Stock held by Erie. (b) Bailey, Erie and Mr. Bailey may be deemed to share voting and dispositive power over the 460,828 shares of Common Stock held directly by Bailey. Erie and Mr. Bailey may be deemed to share voting and dispositive power over 14,680 shares of Common Stock held directly by Erie and voting power over 27,100 shares of Common Stock sold by Erie to its employees. Mr. Bailey has sole voting and dispositive power over the 22,000 shares of Common Stock held by Mr. Bailey. 6 - -------------------- --------------------------- CUSIP No. 0003821401 Page 7 of 7 Pages - -------------------- --------------------------- SIGNATURE --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. October 29, 1998 ____________________________________ (Date) THE BAILEY COMPANY, a Colorado limited partnership By: THE ERIE COUNTY INVESTMENT CO., an Ohio corporation, its general partner By: /s/ William D. Whitehurst ________________________________________ William D. Whitehurst, Vice-President After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. October 29, 1998 ________________________________________________ (Date) THE ERIE COUNTY INVESTMENT CO., an Ohio corporation By: /s/ William D. Whitehurst ______________________________________ William D. Whitehurst, Vice-President After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. October 29, 1998 ________________________________________________ (Date) By: /s/ Paul T. Bailey ______________________________________ Paul T. 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