Business Context and Reporting Period
Company: Bridgford Foods Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: November 9, 2009
Event Date: November 12, 2009 (Press Release Date)
Context: The filing discloses a Regulation FD event regarding a special dividend declaration by the Board of Directors.
Key Financial Metrics
This filing does not contain comprehensive financial statements. The only specific financial metric disclosed is the dividend amount.
- Special Dividend: $0.10 per share of common stock.
- Record Date: December 8, 2009.
- Payment Date: January 4, 2010.
- Revenue, Profit, Cash Flow, Debt, Liquidity: The filing text does not provide clear values for these metrics.
Material Changes
The filing announces a one-time cash distribution to shareholders. No other material changes to operations, assets, or liabilities are detailed in this specific report.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors approved the one-time dividend. The press release is attached as Exhibit 99.1.
Legal Status: In accordance with General Instruction B.2 of Form 8-K, the information in this report and the attached press release is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference in any filing under the Securities Act of 1933.
Risks and Contingencies: No specific risks or contingencies are outlined in this filing text.
Investor Verification Checklist
- Verify the total number of outstanding shares to calculate the aggregate cash outflow for the $0.10 per share dividend.
- Confirm the company's liquidity position to ensure the ability to fund the dividend payment on January 4, 2010.
- Review the attached Exhibit 99.1 (Press Release) for additional context on the rationale for the one-time dividend.
- Check subsequent filings for any updates regarding the dividend payment or changes in the record date.