0001157523-15-000057.txt : 20150108 0001157523-15-000057.hdr.sgml : 20150108 20150108123101 ACCESSION NUMBER: 0001157523-15-000057 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150108 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150108 DATE AS OF CHANGE: 20150108 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: 15515587 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 a51015052.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) January 8, 2015




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 8, 2015 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 8, 2015

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 8, 2015

 

GOLDEN ENTERPRISES, INC.

 

 

 

By:

/s/ Patty Townsend

Patty Townsend

Vice President, CFO & Secretary

Exhibit Index

Exhibit No.   Description
 
99.1

Press Release dated January 8, 2015

EX-99.1 2 a51015052ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Golden Enterprises Announces Quarterly Results

BIRMINGHAM, Ala.--(BUSINESS WIRE)--January 8, 2015--Golden Enterprises, Inc.’s Board of Directors today declared a quarterly dividend of $.03125 per share payable January 28, 2015 to stockholders of record on January 19, 2015.

Golden Enterprises, Inc.’s total revenue for the second quarter ending November 28, 2014 was $32.0 million compared to $33.5 million last year, a decrease of 4%. Net income increased $14,531 with a flat EPS performance in Q2. Selling, general, and administrative expenses decreased $345,561 compared to the same period last year. Reduction in fuel and salary costs contributed to the total SG&A reduction.

For the twenty-six weeks ended November 28, 2014, net income was $.07 per share compared to $.07 per share in the twenty-six weeks ending November 29, 2013. Total revenues year-to-date decreased $2.5 million or 4%, $66.2 million compared to $68.6 million last year.

Revenues were negatively impacted by a loss in part by contract business that was not renewed. The Company will focus on increasing profitable revenues through the Golden Flake manufactured product portfolio, while evaluating our selection of Partner Brands.

The following is a summary of net sales and income information for the thirteen weeks and twenty-six weeks ended November 28, 2014 and November 29, 2013.

   
Thirteen Weeks Ended   Twenty-Six Weeks Ended
November 28,   November 29, November 28,   November 29,
2014     2013     2014     2013
Net sales $ 32,029,326 $ 33,486,323 $ 66,154,362 $ 68,628,161
 
Income before income taxes 88,996 108,206 1,306,781 1,487,255
Income taxes 48,269 82,010 498,828 689,531
Net income $ 40,727 $ 26,196 $ 807,953 $ 797,724
 
 
Basic income per share $ 0.00 $ 0.00 $ 0.07 $ 0.07
 

 

Basic weighted shares outstanding

11,732,632 11,732,632 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