-----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, FCr4X9m/XOtJRBlggmkXyTumIHnKnWq/SfFhbdJ0rbVAgg2Fy66z0X7AhL/JVpH5 F9xNu8ErYRlwAVA6n/enAA== 0001157523-10-005571.txt : 20100922 0001157523-10-005571.hdr.sgml : 20100922 20100922121028 ACCESSION NUMBER: 0001157523-10-005571 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100922 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100922 DATE AS OF CHANGE: 20100922 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: 101084206 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 a6439937.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) September 22, 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 September 22, 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 September 22, 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:

September 22, 2010

 

GOLDEN ENTERPRISES, INC.

 

 

 

By:

/s/ Patty Townsend

Patty Townsend

Vice President, CFO & Secretary


Exhibit Index

Exhibit No.

 

               Description               

 

     99.1

Press Release dated September 22, 2010

EX-99.1 2 a6439937ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

Golden Enterprises Announces Quarterly Results

BIRMINGHAM, Ala.--(BUSINESS WIRE)--September 22, 2010--Golden Enterprises, Inc.’s (NASDAQ: GLDC) Board of Directors today declared a quarterly dividend of $.03125 per share payable October 27, 2010 to stockholders of record as of October 4, 2010.

Net sales for the first quarter was $31,956,084 compared to $32,592,162 for the same period last year. Despite this slight decrease in sales, basic and diluted earnings per share stayed consistent as compared to last year at $.09 during the first quarter. Operating income increased by nearly $90,000 versus the same period last year.

The Company was able to take advantage of capital investments from last year to create efficiencies in our manufacturing process. These efficiencies increased gross margin by more than $200,000 as gross margins as a percentage of sales grew from 49% to 51%.

While the Company is pleased with the first quarter’s results we will continue our mission of satisfying the expectations of our consumers, customers, employees, and shareholders, in all that we do each day!

The following is a summary of net sales and income information for the thirteen weeks ended August 27, 2010 and August 28, 2009.

 
  THIRTEEN WEEKS ENDED
August 27,     August 28,
  2010   2009
Net sales $ 31,956,084 $ 32,592,162
 
Income before income taxes $ 1,733,339 $ 1,661,935
Income taxes 653,200 622,051
 
Net income $ 1,080,139 $ 1,039,884
 
Basic and diluted earnings per share $ .09 $ .09
 
Basic weighted shares outstanding 11,739,775 11,746,632
 
Diluted weighted shares outstanding 11,739,775 11,746,632
 

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
Patty Townsend, 205-458-7132

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