-----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, UXMl6+Kg7T4bp4MN+9xq/zc1XNBvu0XaKmYBBKhSWUq1Sr9ipEj8mWxLxHrq7voQ YZYKu+me0Tx5K/Us8/NLuw== 0001157523-07-000207.txt : 20070111 0001157523-07-000207.hdr.sgml : 20070111 20070111151830 ACCESSION NUMBER: 0001157523-07-000207 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070111 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070111 DATE AS OF CHANGE: 20070111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GOLDEN ENTERPRISES INC CENTRAL INDEX KEY: 0000042228 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS [2090] IRS NUMBER: 630250005 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04339 FILM NUMBER: 07525756 BUSINESS ADDRESS: STREET 1: 2101 MAGNOLIA AVE STE 212 STREET 2: SOUTH CITY: BIRMINGHAM STATE: AL ZIP: 35205 BUSINESS PHONE: 2053266101 MAIL ADDRESS: STREET 1: 2140 11TH AVE SOUTH STREET 2: STE 208 CITY: BIRMINGHAM STATE: AL ZIP: 35205 FORMER COMPANY: FORMER CONFORMED NAME: GOLDEN FLAKE INC DATE OF NAME CHANGE: 19761019 FORMER COMPANY: FORMER CONFORMED NAME: MAGIC CITY FOOD PRODUCTS INC DATE OF NAME CHANGE: 19700805 8-K 1 a5309130.txt GOLDEN ENTERPRISES, INC. 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) January 11, 2007 GOLDEN ENTERPRISES, INC. (Exact name of registrant as specified in its charter) DELAWARE 0-4339 63-0250005 (State or other jurisdiction (Commission File Number) (IRS Employer ID No.) of incorporation) One Golden Flake Drive, Birmingham, Alabama 35205 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (205) 458-7316 N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR 240.13e-4(c)) Item 8.01 Other Events ------------ On January 11, 2007, the Company issued a press release, a copy of which is included with this Report as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits --------------------------------- (c) Exhibits. Exhibit No. Description ----------- ------------------------------------ 99.1 Press Release dated January 11, 2007 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 11, 2007 GOLDEN ENTERPRISES, INC. By: /s/ Patty Townsend ------------------ Patty Townsend Vice President, CFO & Secretary Exhibit Index Exhibit No. Description - ----------- ------------------------------------ 99.1 Press Release dated January 11, 2007 EX-99.1 2 a5309130ex991.txt GOLDEN ENTERPRISES, INC. EXHIBIT 99.1 Exhibit 99.1 Golden Enterprises Announces Quarterly Results BIRMINGHAM, Ala.--(BUSINESS WIRE)--Jan. 11, 2007--Golden Enterprises, Inc.'s (NASDAQ: GLDC) Board of Directors today declared a quarterly dividend of $.03125 per share payable January 31, 2007 to stockholders of record on January 22, 2007. For the thirteen weeks ended December 1, 2006, net sales were $26,596,212, up 5% compared to $25,430,115 last year. Gross margins for the thirteen weeks ended December 1, 2006 were $12,360,516 versus $11,628,574. During the thirteen weeks, gross margins increased $.07 million compared to the prior year. Selling, general and administrative expenses increased 6%, or $.67 million, during the thirteen weeks as a result of increased distribution costs and health care cost. Health care claims increased $640,769 or 107.2% which affected the thirteen weeks negatively $.03 per share. For the thirteen weeks ended December 1, 2006, basic and diluted loss per share was ($.02) compared to a ($.02) loss last year. For the twenty-six weeks ended December 1, 2006, net sales were $54,421,150, up 6% compared to $51,461,951 last year. The basic and diluted loss per share was $.00 compared to ($.03) last year. The following is a summary of net sales and income information for the thirteen weeks and twenty-six weeks ended December 1, 2006 and December 2, 2005. Thirteen Weeks Ended Twenty-Six Weeks Ended ------------------------ ------------------------- December 1, December 2, December 1, December 2, 2006 2005 2006 2005 ----------- ------------ ------------ ------------ Net Sales $26,596,212 $25,430,115 $54,421,150 $51,461,951 Loss before income taxes $ (378,973) $ (458,027) $ (29,938) $ (559,760) Income taxes (139,845) (168,996) (11,033) (206,487) ----------- ----------- ----------- ----------- Net loss $ (239,128) $ (289,031) $ (18,905) $ (353,273) Basic and diluted loss per share $ (0.02) $ (0.02) $ 0.00 $ (0.03) =========== =========== =========== =========== Basic weighted shares outstanding 11,835,330 11,835,330 11,835,330 11,835,330 =========== =========== =========== =========== Diluted weighted shares outstanding 11,835,330 11,864,453 11,835,330 11,863,456 =========== =========== =========== =========== This News Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those forward-looking statements. Factors that may cause actual results to differ materially include price competition, industry consolidation, raw material costs and effectiveness of sales and marketing activities, as described in the Company's filings with the Securities and Exchange Commission. CONTACT: Golden Enterprises, Inc. Patty Townsend, 205-458-7132 -----END PRIVACY-ENHANCED MESSAGE-----