<HTML>
<HEAD>
<TITLE>FORM S-8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center" style="font-size: 10pt; margin-top: 1pt">As filed with the Securities and Exchange Commission on December&nbsp;29, 2008
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 1pt">Registration No.&nbsp;333-________________
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt; margin-top: 2pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 6pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 6pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 3pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 4pt">REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt">
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 1pt"><B>FLOWERS FOODS, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 2pt">(Exact name of issuer as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Georgia</B><BR>
(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>58-2582379</B><BR>
(I.R.S. Employer<BR>
Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 5pt">1919 Flowers Circle, Thomasville, Georgia 31757</DIV>

<DIV align="center" style="font-size: 10pt">(Address of principal executive offices)</DIV>


<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 6pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>



<DIV align="center" style="font-size: 15pt; margin-top: 4pt"><B>FLOWERS FOODS, INC. 2005 EXECUTIVE DEFERRED COMPENSATION PLAN</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Full title of the plan)</DIV>


<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 6pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 3pt"><B>Stephen R. Avera, Esq.<BR>
Executive Vice President, General Counsel and Secretary<BR>
Flowers Foods, Inc.<BR>
1919 Flowers Circle<BR>
Thomasville, Georgia 31757</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Name and address of agent for service)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 7pt">(229)&nbsp;226-9110
</DIV>

<DIV align="center" style="font-size: 10pt">(Telephone number, including area code, of agent for service)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 7pt">With a copy to:<BR>
<B>Sterling A. Spainhour, Jr., Esq.<BR>
Jones Day<BR>
1420 Peachtree St., NE<BR>
Suite&nbsp;800<BR>
Atlanta, GA 30309-3053<BR>
(404)&nbsp;521-3939</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 5pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 4pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large accelerated
filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b2 of the Exchange Act.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="29%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Large accelerated filer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#120;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accelerated filer
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Non-accelerated filer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Smaller reporting company
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" valign="top" align="left">(Do not check if a smaller reporting company)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 4pt">CALCULATION OF REGISTRATION FEE
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="24%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Title of Each Class of</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Securities to Be</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount To Be</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount of</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Registered</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Registered (1)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Offering Price Per Unit</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Aggregate Offering Price</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Registration Fee</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Deferred
Compensation Obligations (2)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 2px solid #000000">$14,000,000</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">100%</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 2px solid #000000">$14,000,000(3)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 2px solid #000000">$551</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, $0.01 par value,
together<BR>with Preferred Share Purchase Rights</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">100,000 shares(4)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 2px solid #000000">$23.56(5)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 2px solid #000000">$2,356,000</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 2px solid #000000">$93</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Pursuant to Rule&nbsp;416 under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), this
registration statement shall be deemed to cover any additional securities to be offered or issued
from stock splits, stock dividends or similar transactions.</TD>
</TR>

<TR style="font-size: 2pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>The Deferred Compensation Obligations are unsecured obligations of Flowers Foods, Inc. (the
&#147;Company&#148;) to pay deferred compensation in the future in accordance with the terms of the Company&#146;s
 2005 Executive Deferred Compensation Plan (the &#147;Plan&#148;).</TD>
</TR>

<TR style="font-size: 2pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Computed in accordance with Rule 457(h) under the Securities Act, solely for the purposes of
determining the registration fee.</TD>
</TR>

<TR style="font-size: 2pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Consists of 100,000 shares of common stock reserved for issuance to participants in the Plan
who elect to receive all or a portion of their deferred compensation accounts in the form of common
stock.</TD>
</TR>

<TR style="font-size: 2pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated solely for calculating the amount of the registration fee pursuant to Rule 457(c) and
(h)&nbsp;of the Securities Act, the price per share is based on the average of the high and low prices
of the common stock reported on the New York Stock Exchange on
December&nbsp;23, 2008.</TD>
</TR>

</TABLE>



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">








<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EXPLANATORY NOTE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with the Note to Part&nbsp;I of From S-8, the information specified in Part&nbsp;I of Form
S-8 has been omitted from this Registration Statement.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">PART II
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by us with the Commission are incorporated herein by reference:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our Annual Report on Form 10-K for the fiscal year ended December&nbsp;29, 2007, filed with
the Commission on February&nbsp;27, 2008;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our Quarterly Reports on Form 10-Q for the quarterly periods ended April&nbsp;19, 2008, July
12, 2008 and October&nbsp;4, 2008, filed with the Commission on May&nbsp;29, 2008, August&nbsp;21, 2008
and November&nbsp;13, 2008, respectively;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our Current Reports on Form 8-K filed with the Commission on January&nbsp;31, 2008, February
8, 2008 as amended by Form 8-K/A filed on February&nbsp;25, 2008, May&nbsp;22, 2008, June&nbsp;2, 2008,
June&nbsp;24, 2008 as amended by Form 8-K/A filed on June&nbsp;25, 2008, June&nbsp;26, 2008, August&nbsp;6,
2008, August&nbsp;14, 2008, November&nbsp;16, 2008 and November&nbsp;18, 2008;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of our Common Stock contained in the our Registration Statement on Form
10 under the Securities Exchange Act of 1934, as amended, and all amendments thereto.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by us with the Commission pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d)
of the Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) subsequent to the date of this
Registration Statement and prior to the filing of a post-effective amendment that indicates that
all securities offered have been sold or which deregisters all securities then remaining unsold,
will be deemed to be incorporated by reference in this Registration Statement and to be part hereof
from the date of filing of such documents. Any statement contained in any document incorporated or
deemed to be incorporated by reference herein will be deemed to be modified or superseded for
purposes of this Registration Statement to the extent that a statement contained herein or in any
other subsequently filed document which also is or is deemed to be incorporated by reference herein
modifies or supersedes such statement. Any such statement so modified or superseded will not be
deemed, except as modified or superseded, to constitute a part of this Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">ITEM 4. DESCRIPTION OF SECURITIES.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Deferred Compensation Plan Obligations</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Deferred Compensation
 Obligations (the &#147;Obligations&#148;) are unsecured general obligations of
the Company to pay the deferred compensation of, and our contributions to, participants in the Plan. The
Obligations will rank equally with our other unsecured and unsubordinated indebtedness payable from
the Company&#146;s general assets.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our directors and certain highly
 compensated employees of the Company or of one of its wholly-owned
subsidiaries are eligible to participate in the Plan. Directors may elect to defer all or any
portion of their annual retainer fee and meeting fees. Deferral elections by directors must be
made prior to the beginning of each year and are thereafter irrevocable. Eligible employees may
elect to defer up to 75% of their base salaries, and up to 100% of any cash bonuses and other
compensation. Deferral elections by eligible executives must be made prior to the beginning of
each year and are thereafter irrevocable. The portion of the participant&#146;s compensation that is
deferred depends on the participant&#146;s election in effect with respect to his or her elective
contributions under the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We maintain an account on behalf of each participant, to which we will credit any compensation
deferred and supplemental allocations in accordance with the Plan. The account will be credited
(or charged) with income (or loss) measured against a bond fund, or against a Company common stock
fund which tracks the performance of
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">our common stock. Participants in the Plan may choose between the investment options on a
one-time, irrevocable basis prior to the end of 2008, and may not change options thereafter. The
cash accounts will be credited as of the end of the last day of each calendar quarter at the credit
rate set forth in the Plan based on the daily account balances in the accounts over each such
quarter. A participant&#146;s deferred compensation and supplemental allocations, if applicable, vest
immediately.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The balance in a
participant&#146;s account is distributed upon the participant&#146;s death,
disability, termination of employment or membership on our board of directors, as applicable,
upon the occurrence of a change in control of the Company (as defined
in the Plan), or on a specific date
elected by the participant. Distributions are payable in quarterly installments or in a single
lump sum payment. To the extent a participant&#146;s account is invested in our common stock fund, at
the time of distribution such amounts will be distributed to the participant in the form of shares
of our common stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Participants and their beneficiaries may not voluntarily or involuntarily transfer, alienate
or assign their interests under the Plan. A participant may withdraw a portion of his or her
account if required to satisfy an unforeseeable financial emergency, as determined by the plan
administrator in its sole discretion.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our board of directors, upon the recommendation of the compensation committee, may amend,
suspend or terminate the Plan or any portion thereof at any time in accordance with the terms of
the Plan, provided that no amendment, suspension or termination may reduce the balance in the any
participant&#146;s deferred compensation account on the effective date of such action.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following summary is qualified in its entirety by reference to the complete text of the
statutes referred to below and our restated articles of incorporation and amended and restated
bylaws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;IX of our Restated Articles of Incorporation (the &#147;Articles of Incorporation&#148;)
provides that, except to the extent allowable pursuant to the Georgia Business Corporation Code
(the &#147;Georgia Code&#148;), as such provisions exist from time to time, no director of us shall be liable
to us or our shareholders for, or with respect to, any acts or omissions in the performance of his
duties as a director. Our Articles of Incorporation further provide that in discharging the duties
of their respective positions and in determining what is believed to be in our best interests, the
Board of Directors, committees of the Board of Directors, and individual directors, in addition to
considering the effects of any action on us or our shareholders, may consider the interests of our
and our subsidiaries&#146; employees, customers, suppliers, and creditors, the communities in which our
and our subsidiaries&#146; offices or other establishments are located, and all other factors such
directors consider pertinent; provided, however, that this provision shall be deemed solely to
grant discretionary authority to the directors and shall not be deemed to provide to any
constituency any right to be considered.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;X of the Articles of Incorporation and Article&nbsp;8.10 of our Amended and Restated Bylaws
(the &#147;Bylaws&#148;) provide that we shall indemnify, to the fullest extent permitted by the Georgia Code
or any other laws presently or hereafter in effect, each person who is or was or had agreed to
become a director or officer of us or is or was serving or had agreed to serve at the request of our
Board of Directors or an officer of us as an employee or agent of us, as a director, officer,
employee or agent of another corporation or of a partnership, joint venture, trust or other
enterprise, including the heirs, executors, administrators or estate of such person. The right to
indemnification conferred by Article&nbsp;8.10 of our Bylaws is a contract right and includes the right
to be paid by us the expenses incurred in defending any such proceeding in advance of its final
disposition; provided, however, that, if the Georgia Code requires, the payment of such expenses
incurred by a director or officer in his or her capacity as a director or officer (and not in any
other capacity in which service was or is rendered by such person while a director or officer,
including, without limitation, service to an employee benefit plan) in advance of the final
disposition of a proceeding, shall be made only upon delivery to us of an undertaking, by or on
behalf of such director or officer, to repay all amounts so advanced if it shall ultimately be
determined that such director or officer is not entitled to be indemnified.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Georgia Code provides that a company may indemnify an individual who was or is a party to
a proceeding because he is or was a director or officer against liability incurred in the
proceeding if he acted in a
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">manner he believed in good faith to be in or not opposed to the best interests of the company, and,
in the case of any criminal proceeding, he had no reasonable cause to believe his conduct unlawful.
The termination of a proceeding by judgment, order, settlement, conviction, or a plea of nolo
contendere or its equivalent is not, of itself, determinative that the director or officer did not
meet the standard of conduct set forth in the Georgia Code. However, no indemnification shall be
made of an officer or director in connection with a proceeding by or in the right of the company in
which the director or officer was adjudged liable to the company or in connection with any other
proceeding in which he was adjudged liable on the basis that personal benefit was improperly
received by him. Indemnification in connection with a proceeding by or in the right of the company
is limited to reasonable expenses incurred in connection with the proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Georgia Code further provides that a company shall not indemnify an officer or director
unless authorized in the specific case upon a determination that indemnification of the director or
officer is permissible in the circumstances because he has met the applicable standard of conduct
set forth above and prescribes the persons who may make such determination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To the extent that a director or officer has been successful, on the merits or otherwise, in
defense of any proceeding to which he was a party or in defense of any claim, issue or matter
therein, he shall be indemnified against reasonable expenses (including attorneys&#146; fees) incurred
by him in connection therewith. We shall pay for the reasonable expenses incurred by a director or
officer who is a party to a proceeding in advance of the final disposition of the proceeding if the
director or officer furnishes us notice as required under that director&#146;s or officer&#146;s
indemnification agreement, if one exists, a written affirmation of his good faith belief that he
has met the standard of conduct set forth above, and the director or officer furnishes us a written
undertaking, executed personally or on his behalf, to repay any advances if it is ultimately
determined that he is not entitled to indemnification by us as authorized in Article&nbsp;8.10 of our
Bylaws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have entered into indemnification agreements with our directors and executive officers.
These agreements provide for the indemnification, to the full extent permitted by law, of expenses,
judgments, fines, penalties and amounts paid in settlement incurred by the director or officer in
connection with any threatened, pending or completed action, suit or proceeding on account of
service as a director, officer, employee or agent of us.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">ITEM 8. EXHIBITS.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Restated Articles of Incorporation of Flowers Foods, Inc. as amended on June&nbsp;1, 2007
(Incorporated by reference to the Company&#146;s Quarterly Report on Form&nbsp;10-Q, dated
August&nbsp;23, 2007, File No.&nbsp;1-16247).</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Articles of Amendment to the Restated Articles of Incorporation of Flowers Foods,
Inc. (Incorporated by reference to the Company&#146;s Current Report on Form&nbsp;8-K, dated
June&nbsp;2, 2008, File No.&nbsp;1-16247).</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.3</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amended and Restated Bylaws of Flowers Foods, Inc. as amended on November&nbsp;14, 2008
(Incorporated by reference to the Company&#146;s Current Report on Form&nbsp;8-K dated November
18, 2008, File No.&nbsp;1-16247).</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.4</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Share Certificate of Common Stock of Flowers Foods, Inc. (Incorporated by reference
to the Company&#146;s Annual Report on Form&nbsp;10-K, dated March&nbsp;30, 2001, File No.&nbsp;1-16247).</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Rights Agreement between Flowers Foods, Inc. and First Union National Bank, as rights
agent, dated March&nbsp;23, 2001 (Incorporated by reference to the Company&#146;s Annual Report
on Form&nbsp;10-K, dated March&nbsp;30, 2001, File No.&nbsp;1-16247).</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amendment No.&nbsp;1, dated November&nbsp;15, 2002, to Rights Agreement between Flowers Foods,
Inc. and Wachovia Bank, N.A. (as successor in interest to First Union National Bank),
as rights agent, dated March&nbsp;23, 2001. (Incorporated by reference to the Company&#146;s
Registration Statement on Form&nbsp;8-A, dated November&nbsp;18, 2002, File No.&nbsp;1-16247).</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">*4.7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Flowers Foods, Inc. 2005 Executive Deferred Compensation Plan</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">*5.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Opinion of Jones Day</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Jones Day (included in Exhibit&nbsp;5.1).</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">*23.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of PricewaterhouseCoopers, LLP, independent registered public accounting firm.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Power of Attorney (included in the signature page of this Registration Statement).</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>filed herewith</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">






<DIV align="left" style="font-size: 10pt; margin-top: 12pt">ITEM 9. UNDERTAKINGS.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;to file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) to reflect in the prospectus any facts or events arising after the effective date of this
registration statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in this registration
statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to include any material information with respect to the plan of distribution not
previously disclosed in this registration statement or any material change to such information in
the registration statement; provided, however, that the undertakings set forth in paragraphs
(1)(i) and (1)(ii) do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed by the registrant pursuant to
Section&nbsp;13 or Section 15(d) of the Exchange Act that are incorporated by reference in this
registration statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial <I>bona fide </I>offering thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;That, for purposes of determining any liability under the Securities Act, each filing of
the registrant&#146;s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange that is
incorporated by reference in the registration statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial <I>bona fide </I>offering thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Act and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred or paid by a
director, officer or controlling person of the registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person in connection with
the securities being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURES
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Thomasville, State of Georgia, on the 29th day of
December, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">FLOWERS FOODS, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">/s/ R. Steve Kinsey
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 5pt"><!-- EI Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" colspan="2" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">R. Steve Kinsey&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 5pt"><!-- EI Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">Executive Vice President and Chief
Financial Officer</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">POWER OF ATTORNEY
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Know all men by these presents, that each of the undersigned officers and/or directors of
Flowers Foods, Inc., a Georgia corporation, hereby constitutes and appoints each of George E.
Deese, R. Steve Kinsey and Stephen R. Avera, the true and lawful attorney-in-fact of the
undersigned, with full power of substitution and re-substitution, to act on and sign any and all
amendments (including post-effective amendments) to this Registration Statement and to file the
same with all exhibits thereto, and other documents in connection therewith, with the Securities
and Exchange Commission pursuant to the Securities Act of 1933, as amended, and the regulations
promulgated thereunder, or any state regulatory authority, granting unto said attorney-in-fact and
agent full power and authority to do and perform each and every act and thing requisite and
necessary to be done, as fully to all intents and purposes as he or she might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact may lawfully do or cause to
be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the date indicated:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Signature</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Title</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Date</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">/s/ George E. Deese
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
George E. Deese
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Chairman of the
Board, President
and Chief Executive
Officer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December&nbsp;29, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">/s/ R. Steve Kinsey
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
R. Steve Kinsey
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Executive Vice
President and Chief
Financial Officer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December&nbsp;29, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">/s/ Karyl H. Lauder
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Karyl H. Lauder
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Senior Vice
President and Chief
Accounting Officer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December&nbsp;29, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">/s/ Joe E. Beverly
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Joe E. Beverly
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Director&nbsp;&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December&nbsp;29, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">/s/ Franklin L. Burke
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Franklin L. Burke
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Director&nbsp;&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December&nbsp;29, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">/s/ Manuel A. Fernandez
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Manuel A. Fernandez
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Director&nbsp;&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December&nbsp;29, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">/s/ Benjamin H. Griswold, IV
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Benjamin H. Griswold, IV
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Director&nbsp;&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December&nbsp;29, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">/s/ Joseph L. Lanier, Jr.
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Joseph L. Lanier, Jr.
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Director&nbsp;&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December&nbsp;29, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">/s/ Amos R. McMullian
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Amos R. McMullian
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Director&nbsp;&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December&nbsp;29, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">/s/ J.V. Shields, Jr.
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
J.V. Shields, Jr.
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Director&nbsp;&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December&nbsp;29, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">/s/ Melvin T. Stith, Ph.D.
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Melvin T. Stith, Ph.D.
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Director&nbsp;&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December&nbsp;29, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">/s/ Jackie M. Ward
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Jackie M. Ward
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Director&nbsp;&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December&nbsp;29, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">/s/ C. Martin Wood III
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
C. Martin Wood III
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Director&nbsp;&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December&nbsp;29, 2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the
Securities Act of 1933, the trustees (or other persons who administer the employee benefit plan)
have duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Thomasville, State of Georgia, on the 29th day of December, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">FLOWERS FOODS 2005 EXECUTIVE<BR>
DEFERRED COMPENSATION PLAN<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left" style="border-bottom:1px solid #000000">/s/ Donald A. Thriffiley, Jr.
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 5pt"><!-- EI Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">Donald A. Thriffiley, Jr.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 5pt"><!-- EI Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">Plan Administrator</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EXHIBIT INDEX
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Flowers Foods, Inc. 2005 Executive Deferred Compensation Plan</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Opinion of Jones Day.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of PricewaterhouseCoopers, LLP, independent registered
public accounting firm.</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "g17143sv8.htm", "description": "FORM S-8", "secsgml_size_bytes": 62545}]
{"company-data": {"conformed-name": "FLOWERS FOODS INC", "cik": "0001128928", "assigned-sic": "2000", "irs-number": "582582379", "state-of-incorporation": "GA", "fiscal-year-end": "1229"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-156471", "film-number": "081272367"}, "business-address": {"street1": "1919 FLOWERS CIRCLE", "city": "THOMASVILLE", "state": "GA", "zip": "31757", "phone": "9122269110"}, "mail-address": {"street1": "1919 FLOWERS CIRCLE", "city": "THOMASVILLE", "state": "GA", "zip": "31757"}}
FORM S-8
As filed with the Securities and Exchange Commission on December 29, 2008
Registration No. 333-________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
FLOWERS FOODS, INC.
(Exact name of issuer as specified in its charter)
Georgia
(State or other jurisdiction of
incorporation or organization)
58-2582379
(I.R.S. Employer
Identification No.)
1919 Flowers Circle, Thomasville, Georgia 31757
(Address of principal executive offices)
FLOWERS FOODS, INC. 2005 EXECUTIVE DEFERRED COMPENSATION PLAN
(Full title of the plan)
Stephen R. Avera, Esq.
Executive Vice President, General Counsel and Secretary
Flowers Foods, Inc.
1919 Flowers Circle
Thomasville, Georgia 31757
(Name and address of agent for service)
(229) 226-9110
(Telephone number, including area code, of agent for service)
With a copy to:
Sterling A. Spainhour, Jr., Esq.
Jones Day
1420 Peachtree St., NE
Suite 800
Atlanta, GA 30309-3053
(404) 521-3939
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in Rule 12b2 of the Exchange Act.
Large accelerated filer
x
Accelerated filer
o
Non-accelerated filer
o
Smaller reporting company
o
(Do not check if a smaller reporting company)
CALCULATION OF REGISTRATION FEE
Title of Each Class of
Securities to Be
Amount To Be
Proposed Maximum
Proposed Maximum
Amount of
Registered
Registered (1)
Offering Price Per Unit
Aggregate Offering Price
Registration Fee
Deferred
Compensation Obligations (2)
$14,000,000
100%
$14,000,000(3)
$551
Common Stock, $0.01 par value,
together
with Preferred Share Purchase Rights
100,000 shares(4)
$23.56(5)
$2,356,000
$93
(1)
Pursuant to Rule 416 under the Securities Act of 1933, as amended (the "Securities Act"), this
registration statement shall be deemed to cover any additional securities to be offered or issued
from stock splits, stock dividends or similar transactions.
(2)
The Deferred Compensation Obligations are unsecured obligations of Flowers Foods, Inc. (the
"Company") to pay deferred compensation in the future in accordance with the terms of the Company's
 2005 Executive Deferred Compensation Plan (the "Plan").
(3)
Computed in accordance with Rule 457(h) under the Securities Act, solely for the purposes of
determining the registration fee.
(4)
Consists of 100,000 shares of common stock reserved for issuance to participants in the Plan
who elect to receive all or a portion of their deferred compensation accounts in the form of common
stock.
(5)
Estimated solely for calculating the amount of the registration fee pursuant to Rule 457(c) and
(h) of the Securities Act, the price per share is based on the average of the high and low prices
of the common stock reported on the New York Stock Exchange on
December 23, 2008.
EXPLANATORY NOTE
In accordance with the Note to Part I of From S-8, the information specified in Part I of Form
S-8 has been omitted from this Registration Statement.
PART II
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents filed by us with the Commission are incorporated herein by reference:
1.
Our Annual Report on Form 10-K for the fiscal year ended December 29, 2007, filed with
the Commission on February 27, 2008;
2.
Our Quarterly Reports on Form 10-Q for the quarterly periods ended April 19, 2008, July
12, 2008 and October 4, 2008, filed with the Commission on May 29, 2008, August 21, 2008
and November 13, 2008, respectively;
3.
Our Current Reports on Form 8-K filed with the Commission on January 31, 2008, February
8, 2008 as amended by Form 8-K/A filed on February 25, 2008, May 22, 2008, June 2, 2008,
June 24, 2008 as amended by Form 8-K/A filed on June 25, 2008, June 26, 2008, August 6,
2008, August 14, 2008, November 16, 2008 and November 18, 2008;
4.
The description of our Common Stock contained in the our Registration Statement on Form
10 under the Securities Exchange Act of 1934, as amended, and all amendments thereto.
All documents filed by us with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d)
of the Securities Exchange Act of 1934 (the "Exchange Act") subsequent to the date of this
Registration Statement and prior to the filing of a post-effective amendment that indicates that
all securities offered have been sold or which deregisters all securities then remaining unsold,
will be deemed to be incorporated by reference in this Registration Statement and to be part hereof
from the date of filing of such documents. Any statement contained in any document incorporated or
deemed to be incorporated by reference herein will be deemed to be modified or superseded for
purposes of this Registration Statement to the extent that a statement contained herein or in any
other subsequently filed document which also is or is deemed to be incorporated by reference herein
modifies or supersedes such statement. Any such statement so modified or superseded will not be
deemed, except as modified or superseded, to constitute a part of this Registration Statement.
ITEM 4. DESCRIPTION OF SECURITIES.
Deferred Compensation Plan Obligations
The Deferred Compensation
 Obligations (the "Obligations") are unsecured general obligations of
the Company to pay the deferred compensation of, and our contributions to, participants in the Plan. The
Obligations will rank equally with our other unsecured and unsubordinated indebtedness payable from
the Company's general assets.
Our directors and certain highly
 compensated employees of the Company or of one of its wholly-owned
subsidiaries are eligible to participate in the Plan. Directors may elect to defer all or any
portion of their annual retainer fee and meeting fees. Deferral elections by directors must be
made prior to the beginning of each year and are thereafter irrevocable. Eligible employees may
elect to defer up to 75% of their base salaries, and up to 100% of any cash bonuses and other
compensation. Deferral elections by eligible executives must be made prior to the beginning of
each year and are thereafter irrevocable. The portion of the participant's compensation that is
deferred depends on the participant's election in effect with respect to his or her elective
contributions under the Plan.
We maintain an account on behalf of each participant, to which we will credit any compensation
deferred and supplemental allocations in accordance with the Plan. The account will be credited
(or charged) with income (or loss) measured against a bond fund, or against a Company common stock
fund which tracks the performance of
our common stock. Participants in the Plan may choose between the investment options on a
one-time, irrevocable basis prior to the end of 2008, and may not change options thereafter. The
cash accounts will be credited as of the end of the last day of each calendar quarter at the credit
rate set forth in the Plan based on the daily account balances in the accounts over each such
quarter. A participant's deferred compensation and supplemental allocations, if applicable, vest
immediately.
The balance in a
participant's account is distributed upon the participant's death,
disability, termination of employment or membership on our board of directors, as applicable,
upon the occurrence of a change in control of the Company (as defined
in the Plan), or on a specific date
elected by the participant. Distributions are payable in quarterly installments or in a single
lump sum payment. To the extent a participant's account is invested in our common stock fund, at
the time of distribution such amounts will be distributed to the participant in the form of shares
of our common stock.
Participants and their beneficiaries may not voluntarily or involuntarily transfer, alienate
or assign their interests under the Plan. A participant may withdraw a portion of his or her
account if required to satisfy an unforeseeable financial emergency, as determined by the plan
administrator in its sole discretion.
Our board of directors, upon the recommendation of the compensation committee, may amend,
suspend or terminate the Plan or any portion thereof at any time in accordance with the terms of
the Plan, provided that no amendment, suspension or termination may reduce the balance in the any
participant's deferred compensation account on the effective date of such action.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
The following summary is qualified in its entirety by reference to the complete text of the
statutes referred to below and our restated articles of incorporation and amended and restated
bylaws.
Article IX of our Restated Articles of Incorporation (the "Articles of Incorporation")
provides that, except to the extent allowable pursuant to the Georgia Business Corporation Code
(the "Georgia Code"), as such provisions exist from time to time, no director of us shall be liable
to us or our shareholders for, or with respect to, any acts or omissions in the performance of his
duties as a director. Our Articles of Incorporation further provide that in discharging the duties
of their respective positions and in determining what is believed to be in our best interests, the
Board of Directors, committees of the Board of Directors, and individual directors, in addition to
considering the effects of any action on us or our shareholders, may consider the interests of our
and our subsidiaries' employees, customers, suppliers, and creditors, the communities in which our
and our subsidiaries' offices or other establishments are located, and all other factors such
directors consider pertinent; provided, however, that this provision shall be deemed solely to
grant discretionary authority to the directors and shall not be deemed to provide to any
constituency any right to be considered.
Article X of the Articles of Incorporation and Article 8.10 of our Amended and Restated Bylaws
(the "Bylaws") provide that we shall indemnify, to the fullest extent permitted by the Georgia Code
or any other laws presently or hereafter in effect, each person who is or was or had agreed to
become a director or officer of us or is or was serving or had agreed to serve at the request of our
Board of Directors or an officer of us as an employee or agent of us, as a director, officer,
employee or agent of another corporation or of a partnership, joint venture, trust or other
enterprise, including the heirs, executors, administrators or estate of such person. The right to
indemnification conferred by Article 8.10 of our Bylaws is a contract right and includes the right
to be paid by us the expenses incurred in defending any such proceeding in advance of its final
disposition; provided, however, that, if the Georgia Code requires, the payment of such expenses
incurred by a director or officer in his or her capacity as a director or officer (and not in any
other capacity in which service was or is rendered by such person while a director or officer,
including, without limitation, service to an employee benefit plan) in advance of the final
disposition of a proceeding, shall be made only upon delivery to us of an undertaking, by or on
behalf of such director or officer, to repay all amounts so advanced if it shall ultimately be
determined that such director or officer is not entitled to be indemnified.
The Georgia Code provides that a company may indemnify an individual who was or is a party to
a proceeding because he is or was a director or officer against liability incurred in the
proceeding if he acted in a
manner he believed in good faith to be in or not opposed to the best interests of the company, and,
in the case of any criminal proceeding, he had no reasonable cause to believe his conduct unlawful.
The termination of a proceeding by judgment, order, settlement, conviction, or a plea of nolo
contendere or its equivalent is not, of itself, determinative that the director or officer did not
meet the standard of conduct set forth in the Georgia Code. However, no indemnification shall be
made of an officer or director in connection with a proceeding by or in the right of the company in
which the director or officer was adjudged liable to the company or in connection with any other
proceeding in which he was adjudged liable on the basis that personal benefit was improperly
received by him. Indemnification in connection with a proceeding by or in the right of the company
is limited to reasonable expenses incurred in connection with the proceeding.
The Georgia Code further provides that a company shall not indemnify an officer or director
unless authorized in the specific case upon a determination that indemnification of the director or
officer is permissible in the circumstances because he has met the applicable standard of conduct
set forth above and prescribes the persons who may make such determination.
To the extent that a director or officer has been successful, on the merits or otherwise, in
defense of any proceeding to which he was a party or in defense of any claim, issue or matter
therein, he shall be indemnified against reasonable expenses (including attorneys' fees) incurred
by him in connection therewith. We shall pay for the reasonable expenses incurred by a director or
officer who is a party to a proceeding in advance of the final disposition of the proceeding if the
director or officer furnishes us notice as required under that director's or officer's
indemnification agreement, if one exists, a written affirmation of his good faith belief that he
has met the standard of conduct set forth above, and the director or officer furnishes us a written
undertaking, executed personally or on his behalf, to repay any advances if it is ultimately
determined that he is not entitled to indemnification by us as authorized in Article 8.10 of our
Bylaws.
We have entered into indemnification agreements with our directors and executive officers.
These agreements provide for the indemnification, to the full extent permitted by law, of expenses,
judgments, fines, penalties and amounts paid in settlement incurred by the director or officer in
connection with any threatened, pending or completed action, suit or proceeding on account of
service as a director, officer, employee or agent of us.
ITEM 8. EXHIBITS.
Exhibit
Number
Description
4.1
Restated Articles of Incorporation of Flowers Foods, Inc. as amended on June 1, 2007
(Incorporated by reference to the Company's Quarterly Report on Form 10-Q, dated
August 23, 2007, File No. 1-16247).
4.2
Articles of Amendment to the Restated Articles of Incorporation of Flowers Foods,
Inc. (Incorporated by reference to the Company's Current Report on Form 8-K, dated
June 2, 2008, File No. 1-16247).
4.3
Amended and Restated Bylaws of Flowers Foods, Inc. as amended on November 14, 2008
(Incorporated by reference to the Company's Current Report on Form 8-K dated November
18, 2008, File No. 1-16247).
4.4
Share Certificate of Common Stock of Flowers Foods, Inc. (Incorporated by reference
to the Company's Annual Report on Form 10-K, dated March 30, 2001, File No. 1-16247).
4.5
Rights Agreement between Flowers Foods, Inc. and First Union National Bank, as rights
agent, dated March 23, 2001 (Incorporated by reference to the Company's Annual Report
on Form 10-K, dated March 30, 2001, File No. 1-16247).
4.6
Amendment No. 1, dated November 15, 2002, to Rights Agreement between Flowers Foods,
Inc. and Wachovia Bank, N.A. (as successor in interest to First Union National Bank),
as rights agent, dated March 23, 2001. (Incorporated by reference to the Company's
Registration Statement on Form 8-A, dated November 18, 2002, File No. 1-16247).
*4.7
Flowers Foods, Inc. 2005 Executive Deferred Compensation Plan
*5.1
Opinion of Jones Day
23.1
Consent of Jones Day (included in Exhibit 5.1).
*23.2
Consent of PricewaterhouseCoopers, LLP, independent registered public accounting firm.
24.1
Power of Attorney (included in the signature page of this Registration Statement).
*
filed herewith
ITEM 9. UNDERTAKINGS.
The undersigned registrant hereby undertakes:
(1) to file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i) to include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) to reflect in the prospectus any facts or events arising after the effective date of this
registration statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in this registration
statement;
(iii) to include any material information with respect to the plan of distribution not
previously disclosed in this registration statement or any material change to such information in
the registration statement; provided, however, that the undertakings set forth in paragraphs
(1)(i) and (1)(ii) do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed by the registrant pursuant to
Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this
registration statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial
bona fide
offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(4) That, for purposes of determining any liability under the Securities Act, each filing of
the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange that is
incorporated by reference in the registration statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial
bona fide
offering thereof.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Act and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred or paid by a
director, officer or controlling person of the registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person in connection with
the securities being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Thomasville, State of Georgia, on the 29th day of
December, 2008.
FLOWERS FOODS, INC.
By:
/s/ R. Steve Kinsey
Name:
R. Steve Kinsey
Title:
Executive Vice President and Chief
Financial Officer
POWER OF ATTORNEY
Know all men by these presents, that each of the undersigned officers and/or directors of
Flowers Foods, Inc., a Georgia corporation, hereby constitutes and appoints each of George E.
Deese, R. Steve Kinsey and Stephen R. Avera, the true and lawful attorney-in-fact of the
undersigned, with full power of substitution and re-substitution, to act on and sign any and all
amendments (including post-effective amendments) to this Registration Statement and to file the
same with all exhibits thereto, and other documents in connection therewith, with the Securities
and Exchange Commission pursuant to the Securities Act of 1933, as amended, and the regulations
promulgated thereunder, or any state regulatory authority, granting unto said attorney-in-fact and
agent full power and authority to do and perform each and every act and thing requisite and
necessary to be done, as fully to all intents and purposes as he or she might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact may lawfully do or cause to
be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the date indicated:
Signature
Title
Date
/s/ George E. Deese
George E. Deese
Chairman of the
Board, President
and Chief Executive
Officer
December 29, 2008
/s/ R. Steve Kinsey
R. Steve Kinsey
Executive Vice
President and Chief
Financial Officer
December 29, 2008
/s/ Karyl H. Lauder
Karyl H. Lauder
Senior Vice
President and Chief
Accounting Officer
December 29, 2008
/s/ Joe E. Beverly
Joe E. Beverly
Director
December 29, 2008
/s/ Franklin L. Burke
Franklin L. Burke
Director
December 29, 2008
/s/ Manuel A. Fernandez
Manuel A. Fernandez
Director
December 29, 2008
/s/ Benjamin H. Griswold, IV
Benjamin H. Griswold, IV
Director
December 29, 2008
/s/ Joseph L. Lanier, Jr.
Joseph L. Lanier, Jr.
Director
December 29, 2008
/s/ Amos R. McMullian
Amos R. McMullian
Director
December 29, 2008
/s/ J.V. Shields, Jr.
J.V. Shields, Jr.
Director
December 29, 2008
/s/ Melvin T. Stith, Ph.D.
Melvin T. Stith, Ph.D.
Director
December 29, 2008
/s/ Jackie M. Ward
Jackie M. Ward
Director
December 29, 2008
/s/ C. Martin Wood III
C. Martin Wood III
Director
December 29, 2008
Pursuant to the requirements of the
Securities Act of 1933, the trustees (or other persons who administer the employee benefit plan)
have duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Thomasville, State of Georgia, on the 29th day of December, 2008.
FLOWERS FOODS 2005 EXECUTIVE
DEFERRED COMPENSATION PLAN
By:
/s/ Donald A. Thriffiley, Jr.
Name:
Donald A. Thriffiley, Jr.
Title:
Plan Administrator
EXHIBIT INDEX
Exhibit
Number
Description
4.7
Flowers Foods, Inc. 2005 Executive Deferred Compensation Plan
5.1
Opinion of Jones Day.
23.2
Consent of PricewaterhouseCoopers, LLP, independent registered
public accounting firm.