People: Golden Enterprises Inc (GLDC.W)

GLDC.W on CBOE When Trading NASDAQ Global Select Market

3.50USD
28 Jan 2013
Price Change (% chg)

$-0.10 (-2.78%)
Prev Close
$3.60
Open
$3.50
Day's High
$3.50
Day's Low
$3.50
Volume
100
Avg. Vol
7
52-wk High
$3.60
52-wk Low
$3.22

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Summary

Name Age Since Current Position

Mark McCutcheon

 57 2010 Chairman of the Board, President, CEO; President of Golden Flake Snack Foods, Inc.

Patty Townsend

 54 2004 Chief Financial Officer, Vice President, Secretary

Paul Bates

 58 2010 Executive Vice President - Sales and Marketing & Transportation of Golden Flake Snack Foods, Inc.; Director

David Jones

 60 2010 Executive Vice President - Operations, Human Resources and Quality Control of Golden Flake Snack Foods, Inc.; Director

Joann Bashinsky

 80 1996 Director

John McKleroy

 68 1976 Director

J. Wallace Nall

 72 1991 Director

F. Wayne Pate

 77 2000 Director

William Morton

 48 2010 Independent Director

Edward Pascoe

 75 1971 Independent Director

John Samford

 62 1984 Independent Director

John Stein

 47 2010 Independent Director
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Biographies

Name Description

Mark McCutcheon

 Mr. Mark W. McCutcheon is Chairman of the Board, President, Chief Executive Officer of Golden Enterprises Inc., and President of Golden Flake Snack Foods, Inc., a wholly-owned subsidiary of the Company. He has served as President and Chief Executive Officer of the Company since April 4, 2001 and as President of Golden Flake since November 1, 1998. Mr. McCutcheon was elected Chairman of the Board on July 22, 2010. He has been employed by Golden Flake since 1980.

Patty Townsend

 Ms. Patty Townsend is Chief Financial Officer, Vice President and Secretary of Golden Enterprises, Inc. She was initially elected Chief Financial Officer, Vice-President and Secretary of the Company on March 1, 2004. She has been employed with the Company since 1988. Ms. Townsend is elected to her positions on an annual basis, and her present terms of office will expire on May 31, 2013.

Paul Bates

 Mr. Paul R. Bates is Executive Vice President - Sales and Marketing & Transportation of Golden Flake Snack Foods, Inc., a wholly-owned subsidiary of Golden Enterprises Inc. He initially joined Golden Flake in 1979 as a route salesperson in Birmingham. He has also been a Divisional Manager in New Orleans, Region Manager in Nashville, Sales Manager, and Vice President of Sales for Golden Flake Snack Foods, Inc.

David Jones

 Mr. David A. Jones is Executive Vice President - Operations, Human Resources and Quality Control of Golden Flake Snack Foods, Inc., a wholly-owned subsidiary of Golden Enterprises Inc., and Director of the Company. He joined Golden Flake in 1984 as a Department Manager of Corn and Tortilla Chips. He previously was the Manager of the Nashville manufacturing plant, plant manager of the Birmingham facility, and Vice President of Manufacturing for Golden Flake.

Joann Bashinsky

 Mrs. Joann F. Bashinsky is Director of Golden Enterprises, Inc. Mrs. Bashinsky is Chairman and CEO of SYB, Inc., an investment holding company, which is a principal owner of the Company. Mrs. Bashinsky served as Vice President of SYB, Inc. from 1981 until August 8, 2005, at which time she was elected Chairman and CEO. Mrs. Bashinsky also serves as Chairman and CEO of Bashinsky Foundation, Inc., a private charitable foundation.

John McKleroy

 Mr. John P. McKleroy, Jr., is Director of Golden Enterprises, Inc. Mr. McKleroy is an attorney and member of Spain & Gillon, L.L.C., and general counsel for the Company. He has practiced law with this firm since 1968. Mr. McKleroy is also Vice President, Secretary and a Director of SYB, Inc.

J. Wallace Nall

 Mr. J. Wallace Nall, Jr., is Director of Golden Enterprises, Inc. Mr. Nall is President of Nall Development Corporation and a General Partner of Nall Partnership, Ltd. He has held these positions since 1981. Nall Development Corporation is an investment holding company and Nall Partnership, Ltd. is a real estate investment and development company.

F. Wayne Pate

 Mr. F. Wayne Pate is Director of Golden Enterprises, Inc. Mr. Pate retired as President of the Company on May 31, 2000. He served as President from November 1, 1998 until retirement. He also served as President of Golden Flake Snack Foods, Inc., a wholly-owned sub-sidiary of the Company from September 20, 1991, to November 1, 1998.

William Morton

 Mr. William B. Morton, Jr., is Independent Director of Golden Enterprises Inc. Mr. Morton is CEO and President (since 2002) of Robins & Morton, a general contracting company based in Birmingham, Alabama with capabilities in the latest construction technology and project management techniques. He has been with Robins & Morton since 1988. Mr. Morton has worked as a Field Engineer, Assistant Superintendent and Project Manager on construction projects throughout the country. Mr. Morton also worked in various management positions in Robins & Morton's home office prior to being named its President and assuming day-to-day leadership.

Edward Pascoe

 Mr. Edward R. Pascoe is Independent Director of Golden Enterprises, Inc. Mr. Pascoe is retired Chairman of the Board of Steel City Bolt & Screw, Inc. (formerly Coosa Acquisition, Inc.) which, in 1995, acquired the bolt and special fastener business owned by the Company. He served as President of Steel City Bolt & Screw, Inc. and Nall & Associates, Inc., which were wholly-owned subsidiaries of the Company, from 1972 and 1973, respectively, until 1995.

John Samford

 Mr. John S. P. Samford is Independent Director of Golden Enterprises, Inc. Mr. Samford is President and sole owner of Samford Capital Corporation, an investment holding company which he formed in 1989. He also serves on the Board of Directors of Southland National Insurance Corporation, a privately owned company headquartered in Tuscaloosa, Alabama and is the secretary of and serves on the Board of Directors of the Ford Plantation Club, a private residential and sporting development near Savannah, Georgia.

John Stein

 Mr. John S. Stein, III., is Independent Director of Golden Enterprises Inc. Mr. Stein is a co-founder and principal (since 2001) of Fidelis Capital, an SEC registered investment advisor based in Birmingham, Alabama. Mr. Stein is also Chairman and CEO of National Alabama Corporation, a company organized to manufacture railcars in northwest Alabama. From 2001 to 2009, Mr. Stein served as CEO of IntraMicron, Inc., a technology research, development and deployment company, and continues to serve as Chairman of the Board. Mr. Stein is a member of the Board of Directors of Wise Metals Group, LLC, the world's third producer of aluminum can stock for the beverage and food industries. Mr., Stein is also Chairman of the Board of Raycom Media, Inc. (television broadcasting) and a board member of SiO2 Medical Products, Inc. (a company developing novel parenteral containers for the pharmaceutical industries).

Basic Compensation

Name Fiscal Year Total

Mark McCutcheon

 432,634

Patty Townsend

 216,828

Paul Bates

 258,665

David Jones

 261,348

Joann Bashinsky

 --

John McKleroy

 --

J. Wallace Nall

 --

F. Wayne Pate

 198,491

William Morton

 --

Edward Pascoe

 --

John Samford

 --

John Stein

 --
As Of 31 May 2012

Options Compensation

Name Options Value

Mark McCutcheon

 60,000 0

Patty Townsend

 0 0

Paul Bates

 29,000 0

David Jones

 30,000 0

Joann Bashinsky

 0 0

John McKleroy

 0 0

J. Wallace Nall

 0 0

F. Wayne Pate

 30,000 0

William Morton

 0 0

Edward Pascoe

 0 0

John Samford

 0 0

John Stein

 0 0

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