Edgar Filing: GOLDEN ENTERPRISES INC

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934

Golden Enterprises, Inc.
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(Name of Issuer)

Common Stock, .66 2/3 par value per share
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(Title of Class of Securities)

381010107
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(CUSIP Number)

Patty R. Townsend, Chief Financial Officer
One Golden Flake Drive
Birmingham, AL 35205
(205) 323-6161
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

August 2, 2005
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(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. |_|

Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.

*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
disclosures provided in a prior cover page.

The information required on 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.

CUSIP No. 381010107
Explanatory Note
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Sloan Y. Bashinsky, Sr. beneficially owned 6,698,172 shares of the Issuer, which
represented 56.6% of the issued and outstanding shares of the Issuer. Mr.
Bashinsky died on August 2, 2005. Upon Mr. Bashinsky's death, pursuant to terms
in his Last Will and Testament and the SYB, Inc. Common Stock Trust created by
Mr. Bashinsky, the Board of Directors of the Issuer (other than Audit Committee
members) is designated to vote shares of stock of the Issuer (the "Voting
Committee") beneficially owned by his Estate, Testamentary Trust and SYB, Inc.
Common Stock Trust, which represents 53.21% of the Issuer's common stock. Mr.
Bashinsky's death and the Voting Committee were previously disclosed and
reported on Form 8-K filed with the Commission on August 18, 2005 and in Golden
Enterprises' annual proxy statement dated September 1, 2005. SYB, Inc. reported
its ownership on Form 3 filed on August 5, 2005.

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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Estate and Testamentary Trust of Sloan Y. Bashinsky, Sr.
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2. Check the Appropriate Box if a Member of a Group

(a)..X................................................................
(b)...................................................................
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3. SEC Use Only................................................................
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4. Source of Funds N/A
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) .................
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6. Citizenship or Place of Organization
Alabama
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Number of 7. Sole Voting Power
Shares Bene- -----------------------------------------------------------------
ficially by 8. Shared Voting Power 6,297,628 shares
Owned by -----------------------------------------------------------------
Each 9. Sole Dispositive Power
Reporting -----------------------------------------------------------------
Person With 10. Shared Dispositive Power 6,297,628 shares
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
6,297,698
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
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13. Percent of Class Represented by Amount in Row (11)
53.21
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14. Type of Reporting Person
00
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
SYB, Inc. Common Stock Trust
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2. Check the Appropriate Box if a Member of a Group

3. SEC Use Only................................................................
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4. Source of Funds N/A
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) .................
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6. Citizenship or Place of Organization
Delaware
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
6,297,698
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
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13. Percent of Class Represented by Amount in Row (11)
53.21
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14. Type of Reporting Person
00
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).

Voting Committee created under the Last Will and Testament of Sloan Y.
Bashinsky, Sr. and the SYB, Inc. Common Stock Trust. The Voting Committee
consists of the following individuals: Joann F. Bashinsky, Mark W. McCutcheon,
John P. McKleroy, Jr., J. Wallace Nall, Jr., F. Wayne Pate, John S. Stein,
Thomas L. Davis
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2. Check the Appropriate Box if a Member of a Group

3. SEC Use Only................................................................
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4. Source of Funds N/A
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) .................
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6. Citizenship or Place of Organization
Alabama
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
6,297,698
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares

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13. Percent of Class Represented by Amount in Row (11)
53.21
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14. Type of Reporting Person
00
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CUSIP No. 381010107

Item 1. Security and Issuer

This statement on Schedule 13D relates to the common stock, par value $.66
2/3 per share (the "Shares"), of Golden Enterprises, Inc., a Delaware
corporation (the "Issuer") and is being filed by the Estate and Testamentary
Trust of Sloan Y. Bashinsky, Sr., the SYB, Inc. Common Stock Trust and the
Voting Committee (the "Reporting Persons"). The Issuer's current principal
executive offices are located at One Golden Flake Drive, Birmingham, Alabama
35205.

Item 2. Identity and Background

This schedule is filed on behalf of the Estate and Testamentary Trust of
Sloan Y. Bashinsky, Sr., the SYB, Inc. Common Stock Trust and the Voting
Committee (referred to herein individually as "Reporting Person" and
collectively as "Reporting Persons"). The names, residences or business
addresses and principal occupation of the Reporting Persons are set forth below.
None of the Reporting Persons have been convicted in criminal proceedings
(excluding traffic violations or similar misdemeanors) in the past five years.
In the past five years, none of the Reporting Persons have been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and the result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating final
order enjoining future violations of, or prohibiting or mandating activity
subject to, federal or state securities laws or finding any violation with
respect to such laws. The Reporting Persons are domiciled in the United States.

Reporting Persons Principal Address Principal Occupation/Business
------------------ ----------------- -----------------------------

Estate and Testamentary Trust Suite 312 - 21 Office N/A
of Sloan Y. Bashinsky, Sr. Plaza Building
2101 Magnolia Avenue South
Birmingham, Alabama 35205

SYB, Inc. Common Stock Trust Suite 312 - 21 Office N/A
Plaza Building
2101 Magnolia Avenue South
Birmingham, Alabama 35205

Voting Committee
consisting of:

Joann F. Bashinsky 3432 Briarcliff Road East Chairman and CEO of
Birmingham, Alabama 35223 SYB, Inc.

Mark W. McCutcheon Golden Flake Snack Foods, Inc. CEO and President of
Post Office Box 2447 the Issuer and President
Birmingham, Alabama 35201 of Golden Flake Snack
Foods, Inc.

John P. McKleroy, Jr. Spain & Gillon, L.L.C. Attorney and member
2117 Second Avenue North with Spain & Gillon,
Birmingham, Alabama 35203 L.L.C.

J. Wallace Nall, Jr. Nall Development Corporation President of Nall
119 Euclid Avenue Development
Birmingham, Alabama 35213 Corporation and
General Partner of
Nall Partnership, Ltd.

F. Wayne Pate 1309 Kingsway Lane Retired President of
Birmingham, Alabama 35243 the Issuer

John S. Stein Golden Flake Snack Foods, Inc. Chairman of the Board
One Golden Flake Drive of the Issuer
Birmingham, Alabama 35205

Thomas L. Davis 75 Saddlebrook Drive Retired Employee/Officer
Jackson, Tennessee 38305 of Golden Flake Snack
Foods, Inc.

Item 3. Source and Amount of Funds or Other Consideration

Not applicable.

Item 4. Purpose of Transaction

Sloan Y. Bashinsky, Sr. died on August 2, 2005. At the time of Mr.
Bashinsky's death, he beneficially owned 6,698,172 shares of common stock of the
Issuer which constituted voting control of the Issuer. The stock beneficially
owned by Mr. Bashinsky was registered in and held by the following entities:

SYB, Inc., a Delaware corporation 5,283,128 shares

SYB, Inc. as Trustee of the
Sloan Y. Bashinsky, Sr. Trust
Dated February 16, 1982
("SYB, Inc. Trust") 1,000,000 shares

Bashinsky Foundation, Inc., an Alabama 400,544 shares
non-profit corporation

Sloan Y. Bashinsky, Sr. 14,500 shares

As a result of Mr. Bashinsky's death and the probate of his Will on August
12, 2005, the 1,000,000 shares held in the SYB, Inc. Trust and the 14,500 shares
held in his name have passed to his Estate/Testamentary Trust created under his
Will. SYB, Inc. continues to own 5,283,128 shares and the Bashinsky Foundation,
Inc. continues to own 400,544 shares.

Mr. Bashinsky's Will and the SYB, Inc. Common Stock Trust provide that
shares of the Issuer held by SYB, Inc. and his Estate/Testamentary Trust, along
with the voting shares of SYB, Inc., shall be voted by a committee made up of
each member of the Board of Directors of Golden Enterprises, Inc. and one member
designated by his Estate Personal Representatives/Trustees ("Voting Committee").
The Estate Personal Representatives and Trustees have appointed Thomas L. Davis
to serve on the Voting Committee. The Board members who serve on the Audit
Committee of the Issuer have resigned from any participation in the Voting
Committee. Consequently, the 5,283,128 shares of the Company stock held by SYB,
Inc. and the 1,014,500 of the Company stock held by Mr. Bashinsky's
Estate/Testamentary Trust, all of which constitute a majority of the voting
stock of the Company (53.21%), will be voted by the Voting Committee (the shares
of Issuer's stock held by Bashinsky Foundation, Inc. are not voted by the Voting
Committee). The decision of the majority of the members of the Voting Committee
shall govern how the stock is voted. The Estate and Testamentary Trust of Sloan
Y. Bashinsky, Sr., the SYB, Inc. Common Stock Trust and the Voting Committee
constitute a voting group under Rule 13D-5 and will be reported as such and the
Issuer will remain a Controlled Corporation for reporting purposes.

Item 5. Interest in Securities of the Issuer

(a) The contents of the cover page of this statement are incorporated into
this Item 5 for each Reporting Person.

(b) Except for the purchase of 2,500 shares by John P. McKleroy, Jr., a
member of the Voting Committee, on December 20, 2005, no transaction in the
common shares was effected by a Reporting Person since the last filing or within
the past 60 days.

(d) Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer

See Item 4.

Item 7. Material to Be Filed as Exhibits

1) Excerpts of Last Will and Testament of Sloan Y. Bashinsky, Sr. creating
the Voting Committee.

2) Excerpts of SYB, Inc. Common Stock Trust creating the Voting Committee.

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

ESTATE AND TESTAMENTARY TRUST OF SLOAN Y. BASHINSKY, SR.

1/25/06
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Date
/s/ John S. Stein
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Signature
John S. Stein, Personal Representative
Name/Title

1/25/06
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Date
/s/ M. Owen Sims
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Signature
M. Owens Sims, Personal Representative
Name/Title

1/25/06
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Date
/s/ John P. McKleroy, Jr.
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Signature
John P. McKleroy, Jr., Personal Representative
Name/Title

SYB, INC. COMMON STOCK TRUST

1/25/06
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Date
/s/ John P. McKleroy, Jr.
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Signature
John P. McKleroy, Jr., Trustee
Name/Title

1/25/06
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Date
/s/ M. Owens Sims
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Signature
M. Owens Sims, Trustee
Name/Title

VOTING COMMITTEE CREATED UNDER THE LAST WILL AND TESTAMENT OF SLOAN Y.
BASHINSKY, SR. AND SYB, , INC. COMMON STOCK TRUST

1/25/06
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Date
/s/ John S. Stein
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Signature
John S. Stein, Chairman and Member
Name/Title

1/25/06
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Date
/s/ John P. McKleroy, Jr
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Signature
John P. McKleroy, Jr., Secretary and Member
Name/Title

1/25/06
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Date
/s/ Joann F. Bashinsky
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Signature
Joann F. Bashinsky, Member
Name/Title

1/25/06
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Date
/s/ Mark W. McCutcheon
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Signature
Mark W. McCutcheon, Member
Name/Title

1/25/06
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Date
/s/ J. Wallace Nall, Jr.
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Signature
J. Wallace Nall, Jr., Member
Name/Title

1/25/06
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Date
/s/ F. Wayne Pate
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Signature
F. Wayne Pate, Member
Name/Title

1/25/06
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Date
/s/ Thomas L. Davis
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Signature
Thomas L. Davis, Member
Name/Title