-----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, MFrUML68yc8NEktMmwHTzJPCbN+1x8BcKynyxZOBVF+hpGGwu2bzX3MS/5IE6hYZ nossr5Jt7JXRgalaC0i65Q== 0001157523-07-003335.txt : 20070405 0001157523-07-003335.hdr.sgml : 20070405 20070405153901 ACCESSION NUMBER: 0001157523-07-003335 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070405 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070405 DATE AS OF CHANGE: 20070405 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: 07751884 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 a5371865.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) April 5, 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 April 5, 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 April 5, 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: April 5, 2007 GOLDEN ENTERPRISES, INC. By: /s/ Patty Townsend ------------------ Patty Townsend Vice President, CFO & Secretary Exhibit Index Exhibit No. Description - ----------- --------------------------------- 99.1 Press Release dated April 5, 2007 EX-99.1 2 a5371865ex991.txt EXHIBIT 99.1 Exhibit 99.1 Golden Enterprises Announces Quarterly Results BIRMINGHAM, Ala.--(BUSINESS WIRE)--April 5, 2007--Golden Enterprises, Inc.'s (NASDAQ: GLDC) Board of Directors today declared a quarterly dividend of $.03125 per share payable April 25, 2007 to stockholders of record on April 16, 2007. Golden Enterprises, Inc.'s basic and diluted income per share for the thirteen weeks ended March 2, 2007 was $.05 compared to $.04 for the thirteen weeks ended March 3, 2006 on net sales of $27,124,000 versus $26,819,759, an increase of 1% compared to 2006. Golden Flake continues to increase sales in existing markets and constantly seeks potential areas of sales revenue throughout the region as a whole. For the thirty-nine weeks ended March 2, 2007, basic and diluted income per share was $.05 per share compared to $.01, an increase of $.04 per share. Total net sales were $81,545,150 this year compared to $78,281,710 last year, an increase of 4%. Looking forward into the fourth quarter, we are optimistic about our prospects. High quality products, innovative packaging and processing technology, superior customer service and effective marketing help make Golden Flake a favorite brand of the South. The Company continues to face significant challenges in fuel and health care costs, but through our strategic initiatives in operations and health care education we will mitigate these rising costs. Management will utilize the strength of our brand as we seek to continue building market share in the snack food industry. The following is a summary of net sales and income information for the thirteen and thirty-nine weeks ended March 2, 2007, and the thirteen weeks and thirty-nine weeks ended March 3, 2006. Thirteen Thirteen Thirty-Nine Thirty-Nine Weeks Ended Weeks Ended Weeks Ended Weeks Ended 3/2/2007 3/3/2006 3/2/2007 3/3/2006 ------------ ------------ ------------ ------------ Net Sales $27,124,000 $26,819,759 $81,545,150 $78,281,710 Income before taxes 968,965 777,000 939,027 217,240 Income taxes 357,537 286,703 346,504 80,216 ------------ ------------ ------------ ------------ Net Income $ 611,428 $ 490,297 $ 592,523 $ 137,024 ============ ============ ============ ============ Basic and diluted Income per share $ 0.05 $ 0.04 $ 0.05 $ 0.01 ============ ============ ============ ============ Basic weighted shares outstanding 11,835,330 11,835,330 11,835,330 11,835,330 ============ ============ ============ ============ Diluted weighted shares outstanding 11,835,330 11,835,330 11,835,330 11,837,696 ============ ============ ============ ============ 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., Birmingham Patty Townsend, 205-458-7132 -----END PRIVACY-ENHANCED MESSAGE-----