secwatch.observer — SEC 8-K summary
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Issuer:     TOFUTTI BRANDS INC (TOFB)
CIK:        0000730349
Form:       8-K
Filed at:   2021-08-17T23:59:59+00:00
Accession:  0001493152-21-020468
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tofutti Q2 net income falls to $28K from $140K; sales down 6.7% to $3.027M
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- Net income of $28K ($0.01 EPS) vs $140K ($0.03 EPS) in Q2 2020; H1 net income $108K vs $190K.
- Gross profit margin dropped to 25% from 31% due to product mix, ingredient cost increases, higher freight.
- CEO Steven Kass salary raised from $125K to $200K; Joseph Himy replaced by Franklyn Snitow on Audit Committee.
- 2014 Equity Incentive Plan amended to remove annual award limits and Qualified Performance Grants references.
- Cash increased to $2.069M from $1.459M at year-end; working capital $4.728M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730349/000149315221020468/0001493152-21-020468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730349/000149315221020468/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-020468

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