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 19, 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 September 19, 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 September 19, 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.
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Dated: |
September 19, 2013 |
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GOLDEN ENTERPRISES, INC. |
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By: |
/s/ Patty Townsend |
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Patty Townsend |
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Vice President, CFO & Secretary |
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Exhibit Index
| Exhibit No. | Description | ||
| 99.1 |
Press Release dated September 19, 2013 |
||
Exhibit 99.1
Golden Enterprises Announces Quarterly Results
BIRMINGHAM, Ala.--(BUSINESS WIRE)--September 19, 2013--Golden Enterprises, Inc.’s (NASDAQ: GLDC) Board of Directors today declared a quarterly dividend of $.03125 per share payable October 30, 2013 to stockholders of record as of October 7, 2013.
Golden Enterprises, Inc. saw an increase in Net sales from the first quarter of 2013 to the first quarter of 2014 of 1%. Net sales for the first quarter were $35,141,838 compared to $34,683,455 for the same period in the prior year. Operating income increased $227,195 or 19% compared to the first quarter ended August 31, 2012. The Company was able to generate these positive results from improved margins and positive sales trends, despite rising selling, general and administrative expenses.
The following is a summary of net sales and income information for the thirteen weeks ended August 30, 2013 and August 31, 2012:
| THIRTEEN WEEKS ENDED | ||||||||
| August 30, | August 31, | |||||||
| 2013 | 2012 | |||||||
| Net sales | $ | 35,141,838 | $ | 34,683,455 | ||||
| Income before income taxes | $ | 1,379,049 | $ | 1,174,302 | ||||
| Income taxes | 607,521 | 504,166 | ||||||
| Net income | $ | 771,528 | $ | 670,136 | ||||
| Basic and diluted earnings per share | $ | .07 | $ | .06 | ||||
| Basic weighted shares outstanding | 11,732,632 | 11,734,632 | ||||||
| Diluted weighted shares outstanding | 11,732,632 | 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