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 18, 2014
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))
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Item 8.01 |
Other Events |
On September 18, 2014 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.
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Exhibit No. |
Description |
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99.1 |
Press Release dated September 18, 2014 |
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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 18, 2014 |
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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 18, 2014 |
Exhibit 99.1
Golden Enterprises Announces Quarterly Results
BIRMINGHAM, Ala.--(BUSINESS WIRE)--September 18, 2014--Golden Enterprises, Inc.’s Board of Directors today declared a quarterly dividend of $.03125 per share payable October 29, 2014 to stockholders of record as of October 6, 2014.
Golden Enterprises, Inc. saw a 3% decrease in Net sales from the first quarter of 2014 to the first quarter of 2015. Net sales for the first quarter were $34,125,036 compared to $35,141,838. Selling general and administrative costs decreased $228,099 during the first quarter which reflected the impact of the restructuring which occurred in 2014 fiscal year. The Company completed the sale of extra property in Decatur, Georgia for a gain of $229,044 in the first quarter 2015.
Net income per share for the quarter ended August 29, 2014 was $767,226 or $.07 compared to $771,528 or $.07 last year for the same time period.
The following is a summary of net sales and income information for the thirteen weeks ended
August 29, 2014 and August 30, 2013:
| THIRTEEN WEEKS ENDED | ||||||
| August 29, | August 30, | |||||
| 2014 | 2013 | |||||
| Net sales | $ | 34,125,036 | $ | 35,141,838 | ||
| Income before income taxes | $ | 1,217,785 | $ | 1,379,049 | ||
| Income taxes | 450,559 | 607,521 | ||||
| Net income | $ | 767,226 | $ | 771,528 | ||
| Basic earnings per share | $ | .07 | $ | .07 | ||
| Basic weighted shares outstanding | 11,732,632 | 11,732,632 | ||||
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