GLDC Golden Enterprises, Inc. (MM)

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 17, 2014




GOLDEN ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)

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))

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.

Exhibit Index

Exhibit 99.1

Golden Enterprises Announces Quarterly and Annual Results

BIRMINGHAM, Ala.--(BUSINESS WIRE)--July 17, 2014--Golden Enterprises, Inc.’s (NASDAQ: GLDC) Board of Directors today declared a quarterly dividend of $.03125 per share payable August 6, 2014 to stockholders of record on July 28, 2014.

Golden Enterprises, Inc.’s basic and diluted income for the thirteen weeks ended May 30, 2014 were $.06 net income compared to $.04 loss for the thirteen weeks ended May 31, 2013 on net sales of $35,127,812 versus $35,811,403.

For the 52 weeks ended May 30, 2014, net income was $.08 per share compared to $ .10 per share in the 52 weeks ended May 31, 2013. This year’s net income included a onetime restructuring charge of $1 million dollars. The restructuring charges occurred in the third quarter and negatively impacted net income $.05 per share. This restructure charge was done in anticipation of improved operational efficiencies from the implementation of the Infor/Lawson ERP System.

Selling, general and administrative expenses for the 52 weeks ended May 30, 2014 decreased $837,213 compared to the prior year. This decrease was due in part to operational improvements from the restructure and efficiencies gained from our investment in our new ERP system.

The following is a summary of net sales and income information.

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