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) January 10, 2013
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 January 10, 2013 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 January 10, 2013 |
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: |
January 10, 2013 |
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GOLDEN ENTERPRISES, INC. |
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By: |
/s/ Patty Townsend |
Patty Townsend |
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Vice President, CFO & Secretary |
Exhibit Index
Exhibit No. | Description | ||
99.1 |
Press Release dated January 10, 2013 |
Exhibit 99.1
Golden Enterprises Announces Quarterly Results
BIRMINGHAM, Ala.--(BUSINESS WIRE)--January 10, 2013--Golden Enterprises, Inc.’s (NASDAQ: GLDC) Board of Directors today declared a quarterly dividend of $.0313 per share payable January 30, 2013 to stockholders of record on January 21, 2013.
Golden Enterprises, Inc.’s basic and diluted income per share for the thirteen weeks ended November 30, 2012 was $.04, unchanged from the thirteen weeks ended December 02, 2011. Net sales for the quarter were basically even at $33,208,620 compared to the same quarter of 2011.
For the twenty-six weeks ended November 30, 2012 total net sales were $67,892,075, up 2% compared to the same period last year. Basic and diluted income per share was $.10 for the twenty-six week periods ending November 30, 2012 and December 2, 2011.
The following is a summary of net sales and income information for the thirteen weeks and twenty-six weeks ended November 30, 2012 and December 02, 2011.
Thirteen Weeks Ended | Twenty-Six Weeks Ended | |||||||||||||||
November 30, | December 2, | November 30, | December 2, | |||||||||||||
2012 | 2011 | 2012 | 2011 | |||||||||||||
Net sales | $ | 33,208,620 | $ | 33,230,663 | $ | 67,892,075 | $ | 66,475,853 | ||||||||
Income before income taxes | 894,992 | 727,972 | 2,069,294 | 1,846,799 | ||||||||||||
Income taxes | 452,735 | 275,887 | 959,901 | 695,143 | ||||||||||||
Net income | $ | 442,257 | $ | 452,085 | $ | 1,112,393 | $ | 1,151,656 | ||||||||
Basic and diluted income per share |
$ | 0.04 | $ | 0.04 | $ | 0.10 | $ | 0.10 | ||||||||
Basic and diluted weighted shares outstanding |
11,734,061 | 11,734,632 | 11,734,346 | 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