Current Report Filing (8-k)
September 18 2014 - 10:49AM
Edgar (US Regulatory)
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
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0-4339
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63-0250005
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(IRS Employer ID No.)
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One Golden Flake Drive, Birmingham,
Alabama
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35205
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(Address
of principal executive offices)
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(Zip
Code)
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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))
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
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Financial Statements and Exhibits
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(c) Exhibits.
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Exhibit No.
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Description
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99.1
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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.
Dated:
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September 18, 2014
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GOLDEN ENTERPRISES, INC.
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By:
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/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.
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Description
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99.1
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Press Release dated September 18, 2014
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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 $.07 last year for the same time period.
The following is a summary of net sales and income information for the
thirteen weeks ended
August 29, 2014 and August 30, 2013:
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THIRTEEN WEEKS ENDED
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August 29,
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August 30,
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2014
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2013
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Net sales
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$
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34,125,036
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$
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35,141,838
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Income before income taxes
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$
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1,217,785
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$
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1,379,049
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Income taxes
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450,559
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607,521
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Net income
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$
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767,226
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$
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771,528
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Basic earnings per share
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$
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.07
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$
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.07
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Basic weighted shares outstanding
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11,732,632
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11,732,632
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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
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