0001157523-12-004900.txt : 20120920 0001157523-12-004900.hdr.sgml : 20120920 20120920115651 ACCESSION NUMBER: 0001157523-12-004900 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120920 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120920 DATE AS OF CHANGE: 20120920 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: 121101402 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 a50415568.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 20, 2012

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, 2011 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


	Exhibit No.		Description

	99.1		Press Release dated September 20, 2012

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, 2012

		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, 2012

EX-99.1 2 a50415568ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Golden Enterprises Announces Quarterly Results

BIRMINGHAM, Ala.--(BUSINESS WIRE)--September 20, 2012--Golden Enterprises, Inc.’s (NASDAQ: GLDC) Board of Directors today declared a quarterly dividend of $.03125 per share payable October 31, 2012 to stockholders of record as of October 1, 2012.

Golden Enterprises, Inc. saw an increase in Net sales from the first quarter of 2012 to the first quarter of 2013 of 4%. Net sales for the first quarter were $34,683,455 compared to $33,245,190 for the same period in the prior year. Golden Enterprises was able to maintain .06 earnings per share in spite of rising selling, general, and administrative expenses, as well as continuing challenges with commodities. Commodity costs continue to be a concern going forward due to recent drought conditions affecting corn and refinery issues that have contributed to higher fuels costs. The Company was able to stabilize commodity supplies albeit at higher prices. Golden Enterprises continues to be focused on the future by investing back into the Company while producing quality snacks for our consumers.

The following is a summary of net sales and income information for the thirteen weeks ended August 31, 2012 and September 02, 2011:


		THIRTEEN WEEKS ENDED
		August 31,		September 2,
		2012		2011
Net sales	$	34,683,455	$	33,245,190

Income before income taxes	$	1,174,302	$	1,118,827
Income taxes		504,166		419,256

Net income	$	670,136	$	699,571

Basic and diluted earnings per share	$	.06	$	.06

Basic weighted shares outstanding		11,734,632		11,734,632

Diluted weighted shares outstanding		11,734,632		11,734,632

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, Inc.
Patty Townsend, 205-458-7132