-----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, CPErq0VplPyag4aB1th5VHvLaeCV31BUXHSacLufwu1wgNLjQJHlgvbIj1W+QbLE o0GgrxggdkZdWdIa/Mgt2g== 0001157523-07-009312.txt : 20070920 0001157523-07-009312.hdr.sgml : 20070920 20070920115540 ACCESSION NUMBER: 0001157523-07-009312 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070920 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070920 DATE AS OF CHANGE: 20070920 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: 071126366 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 a5498138.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) September 20, 2007 GOLDEN ENTERPRISES, INC. (Exact name of registrant as specified in its charter) DELAWARE 0-4339 63-0250005 (State or other jurisdiction of (Commission File Number) (IRS Employer ID No.) 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 September 20, 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 September 20, 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: September 20, 2007 GOLDEN ENTERPRISES, INC. By: /s/ Patty Townsend ------------------ Patty Townsend Vice President, CFO & Secretary Exhibit Index Exhibit No. Description ----------- -------------------------------------- 99.1 Press Release dated September 20, 2007 EX-99.1 2 a5498138ex99_1.txt EXHIBIT 99.1 Exhibit 99.1 Golden Enterprises, Inc Releases 1st Quarter Earnings BIRMINGHAM, Ala.--(BUSINESS WIRE)--Sept. 20, 2007--Golden Enterprises, Inc.'s (NASDAQ: GLDC) Board of Directors today declared a quarterly dividend of $.03125 per share payable October 31, 2007 to stockholders of record as of October 5, 2007. For the thirteen weeks ended August 31, 2007, Golden Enterprises, Inc.'s net income increased 283%. Basic and diluted earnings per share were $.07 compared to $.02 last year, on net sales of $28,394,228 versus $27,824,938, a 2% increase. Sales continue to show increases both organically and with innovative new products. Selling, general and administrative expenses decreased 1%, while operating income increased 269% compared to last year. During our first quarter, Golden Flake introduced a unique energy potato chip which offers consumers an energy boost infused with B vitamins, taurine, and caffeine. NRG Potato chips are unlike any other potato chips on the market today and compliment our assorted line of quality snack products. The following is a summary of sales and income information for the thirteen weeks ended August 31, 2007 and September 1, 2006. THIRTEEN WEEKS ENDED ---------------------------- August 31, September 1, 2007 2006 ------------ ------------- Net sales $ 28,394,228 $ 27,824,938 =========== ============ Income before income taxes $ 1,335,037 $ 349,035 Income taxes 492,664 128,812 ----------- ------------ Net income $ 842,373 $ 220,223 =========== ============ Basic and diluted earnings per share $ .07 $ .02 =========== ============ Basic weighted shares outstanding 11,835,288 11,835,330 =========== ============ Diluted weighted shares outstanding 11,835,288 11,835,330 =========== ============ 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-----