-----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, HCcULnLURPqHI5CQho7Nh1uykLCcSLp8TZlDIesPQjUmJvuBSytHvNR9IrkExr6O raWq6GirM4QekwwgFxIiuQ== 0001157523-10-001965.txt : 20100408 0001157523-10-001965.hdr.sgml : 20100408 20100408121511 ACCESSION NUMBER: 0001157523-10-001965 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100408 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100408 DATE AS OF CHANGE: 20100408 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: 10739141 BUSINESS ADDRESS: STREET 1: ONE GOLDEN FLAKE DRIVE CITY: BIRMINGHAM STATE: AL ZIP: 35205 BUSINESS PHONE: 205 323 6161 MAIL ADDRESS: STREET 1: ONE GOLDEN FLAKE DRIVE 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 a6242694.htm 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 8, 2010




GOLDEN ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)

DELAWARE

0-4339

63-0250005

(State or other jurisdiction of

incorporation)

(Commission File Number)

(IRS Employer ID No.)



 

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 (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01         Other Events

On April 8, 2010 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 8, 2010


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 8, 2010

 

GOLDEN ENTERPRISES, INC.

 

 

 

By:

/s/ Patty Townsend

Patty Townsend

Vice President, CFO & Secretary


Exhibit Index

Exhibit No.   Description
 
99.1

Press Release dated April 8, 2010

EX-99.1 2 a6242694ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Golden Enterprises Announces Quarterly Results

BIRMINGHAM, Ala.--(BUSINESS WIRE)--April 8, 2010--Golden Enterprises, Inc.’s (NASDAQ: GLDC) Board of Directors today declared a quarterly dividend of $.03125 per share payable April 28, 2010 to stockholders of record on April 16, 2010.

Golden Enterprises, Inc.’s basic and diluted income per share for the thirteen weeks ended February 26, 2010 was $.08 compared to $.06 for the thirteen weeks ended February 27, 2009. Net sales increased 4% for the current quarter, and were $31,348,255 versus $30,162,920 for the same period last year. Operating income for the quarter was $1,508,374 versus $1,150,140 for the same period last year an increase of 31%.

During the quarter the company was able to generate positive results from improved margins and positive sales trends.

For the thirty-nine weeks ended February 26, 2010, basic and diluted income per share was $.23 per share compared to $.15 per share. Total net sales were $95,392,485 this year compared to $89,168,938 last year, an increase of 8%.

The following is a summary of net sales and income information for the thirteen weeks and thirty-nine weeks ended February 26, 2010 and February 27, 2009.

  Thirteen Weeks Ended     Thirty-Nine Weeks Ended
February 26,   February 27, February 26,   February 27,
2010     2009   2010     2009
Net sales $ 31,348,255 $ 30,162,920 $ 95,392,485 $ 89,168,938
 
Income (loss) before taxes 1,618,529 1,178,543 4,295,773 2,885,130
Income taxes 604,297 443,784 1,557,649 1,097,787
Net income (loss) $ 1,014,232 $ 734,759 $ 2,738,124 $ 1,787,343
 

Basic and diluted income per share

$ 0.08 $ 0.06 $ 0.23 $ 0.15
 

Basic weighted shares outstanding

11,746,632 11,746,632 11,746,632 11,762,658

Diluted weighted shares outstanding

11,746,632 11,746,632 11,746,632 11,762,658
 

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

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