Current Report Filing (8-k)
17 July 2015 - 2:10AM
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) July 16, 2015
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 July 16, 2015 the Company issued a press release, a copy of which is
included with this Report as Exhibit 99.1.
Item 2.02
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Results of Operations and Financial Condition
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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 July 16, 2015
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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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July 16, 2015
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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 July 16, 2015
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Exhibit 99.1
Golden
Enterprises Announces Quarterly and Annual Results
BIRMINGHAM, Ala.--(BUSINESS WIRE)--July 16, 2015--Golden Enterprises,
Inc.’s Board of Directors today declared a quarterly dividend of $.03125
per share payable August 5, 2015 to stockholders of record on July 27,
2015.
Golden Enterprises, Inc.’s basic and diluted income for the thirteen
weeks ended May 29, 2015 were $.06 net income compared to $.06 for the
thirteen weeks ended May 30, 2014 on net sales of $34,048,700 versus
$35,127,812.
For the 52 weeks ended May 29, 2015, net income was $.15 per share
compared to $ .08 per share in the 52 weeks ended May 30, 2014.
Increased income per share of $.07 this year ($.02 net of restructure
charges last year), were achieved through improvements in manufacturing
margins and mix, as well as improved efficiencies in selling and
delivery.
Fiscal year 2015 was a year of strategic improvements. Operational
income increased $316,545, while net income increased $184,739 without
restructuring charge over prior year.
As we continue to develop and expand our manufactured product portfolio,
and invest in our operations, we are positioned to grow our sales
through effective and efficient product offerings to our consumers.
The following is a summary of net sales and income information.
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Three Months Ended
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Twelve Months Ended
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Thirteen Weeks Ended
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52 Weeks Ended
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52 Weeks Ended
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May 29, 2015
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May 30, 2014
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May 29, 2015
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May 30, 2014
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Net Sales
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$
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34,048,700
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$
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35,127,812
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$
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131,724,721
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$
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135,896,895
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Income before income taxes
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1,090,834
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1,013,261
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3,066,430
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1,593,888
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Income taxes
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397,469
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328,303
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1,292,589
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672,059
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Net income
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693,365
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684,958
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1,773,841
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921,829
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Basic and diluted income per share
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$
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0.06
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$
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0.06
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$
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0.15
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$
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0.08
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Basic weighted shares outstanding
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11,291,757
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11,732,632
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11,552,164
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11,732,632
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Diluted weighted shares outstanding
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11,321,992
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11,732,632
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11,582,399
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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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