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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 18)*
GOLDEN ENTERPRISES, INC.
(Name of Issuer)
COMMON STOCK
Title of Class of Securities
381010107
(CUSIP Number)
FOR THE YEAR ENDED DECEMBER 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
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CUSIP NO. 381010107
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Golden Enterprises, Inc. and Subsidiaries Employee Stock
Ownership Plan (Stock Bonus Plan)
IRS I.D. #63-0000139
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
(a) ( )
(b) ( )
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
2101 Magnolia Avenue South
Suite 212
Birmingham, AL 35205
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
994,403 Shares
6. SHARED VOTING POWER
--
7. SOLE DISPOSITIVE POWER
994,403 Shares
8. SHARED DISPOSITIVE POWER
--
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
994,403 Shares
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
--
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.2%
12. TYPE OF REPORTING PERSON (See Instructions)
EP
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Item 1(a) Name of Issuer:
Golden Enterprises, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
2101 Magnolia Avenue South
Suite 212
Birmingham, Alabama 35205
Item 2(a) Name of person Filing:
Golden Enterprises, Inc. and Subsidiaries Employee Stock
Ownership Plan (Stock Bonus Plan)
Item 2(b) Address of Principal Business Office or, if none, Residence:
2101 Magnolia Avenue South
Suite 212
Birmingham, Alabama 35205
Item 2(c) Citizenship:
N/A
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
381010107
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Item 3 If this statement is filed pursuant to Rules 13d-1(b), or
13(d)-2(b), check whether the person filing is a:
***
(f) [X] An Employee Benefit Plan or Endowment Fund in accordance
with Rule 13d 1(b)(1)(ii)(F).
***
Item 4 Ownership.
(a) Amount Beneficially Owned:
994,403 shares
This Amendment is being filed to reflect an increase in ownership.
(b) Percent of Class:
8.2%
(c) Number of shares as to which such person has:
* (i) Sole power to vote or to direct the vote
-- 994,403 shares
(ii) Shared power to vote or to direct the vote
-- 0
(iii) Sole power to dispose or to direct the disposition of
-- 994,403 shares
(iv) Shared power to dispose or to direct the disposition of
-- 0
* Pursuant to the terms and conditions of the Golden Enterprises, Inc.
and Subsidiaries Employee Stock Ownership Plan (Stock Bonus Plan), the Plan,
through a designated Plan Administrative Committee, has the sole power to
vote all shares of Golden Enterprises, Inc. (GE) stock held by the Plan. The
Plan Administrative Committee consists of three individuals who are
designated from time to time by the Board of Directors of GE and its
subsidiary. The vote of two members in favor of any proposed action of the
Plan Administrative Committee is necessary to give legal effect thereto. The
present members of the Plan Administrative Committee and their position with
GE and its subsidiary are:
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John S. Stein -- Director, Chairman of the Board and Chief Executive
Officer of Golden Enterprises, Inc.
F. Wayne Pate -- Director, President and Chief Operating Officer of Golden
Enterprises, Inc.
John H. Shannon -- Vice President and Secretary of Golden Enterprises, Inc.
The shares of Golden Enterprises, Inc. stock held by the Plan are held and
disposed of in strict compliance with the terms and conditions of the Plan.
The Plan Administrative Committee possess no discretionary authority
concerning disposition of shares.
The Trustee of the Plan, Compass Bank, has no discretionary authority
concerning the voting of the Golden Enterprises, Inc. stock nor the
disposition of the stock. Compass Bank disclaims any beneficial ownership of
the stock held by the Plan.
Item 5 Ownership of Five percent or Less of a Class.
N/A
Item 6 Ownership of More than Five Percent on Behalf of Another Person.
N/A
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
N/A
Item 8 Identification and Classification of Members of the Group.
N/A
Item 9 Notice of Dissolution of Group.
N/A
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Item 10 Certification.
By signing below, we certify that, to the best of our knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of such securities and were not acquired and are not held in connection
with or as a participant in any transaction having such purposes or effect.
Signature
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete
and correct.
January 24, 2000
Golden Enterprises, Inc. and
Subsidiaries Employee Stock
Ownership Plan (Stock Bonus Plan)
By: Compass Bank, As Trustee
/s/ Keith R. Dale
Keith R. Dale
Its Vice President and Trust
Officer
and
By: The Plan Administrative Committee
/s/ John H. Shannon
John H. Shannon
Its Secretary
