SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of earliest event reported): November 18, 2004
Delta Apparel, Inc.
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(Exact name of registrant as specified in its charter)
Georgia
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(State or Other Jurisdiction
of Incorporation)
1-15583 58-2508794
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(Commission File Number) (IRS Employer Identification No.)
2750 Premiere Parkway, Suite 100, Duluth, Georgia 30097
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(Address of principal executive offices) (Zip Code)
(678) 775-6900
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(Registrant's Telephone Number
Including Area Code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below)
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On November 18, 2004, Delta Apparel, Inc. ("Delta") entered into an
Asset Purchase Agreement (the "Asset Purchase Agreement") with Parkdale America,
LLC ("Parkdale") pursuant to which Delta agreed to sell to Parkdale, and
Parkdale agreed to purchase from Delta, substantially all of the assets used by
Delta in the operation of its yarn spinning facility located in Edgefield, South
Carolina (the "Facility") for a purchase price equal to $10,000,000 plus an
amount equal to the cost of Delta's raw materials and work in process located at
the Facility on the closing date.
The Asset Purchase Agreement provides that at the closing of the sale
to Parkdale of substantially all of the assets used in the operation of the
Facility, Delta and Parkdale will enter into a Supply Agreement pursuant to
which Delta will purchase from Parkdale, and Parkdale will sell to Delta, all of
Delta's yarn requirements in the United States and Central America for a period
of five years.
ITEM 7.01 REGULATION FD DISCLOSURE
On November 18, 2004, Delta Apparel, Inc. issued a press release
announcing the agreement with Parkdale to sell substantially all of its assets
used in the operation of the Facility. The release is set forth as Exhibit 99.1
to this Current Report and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) The following exhibits are included with this Report:
99.1 Press Release issued by Delta Apparel, Inc. on November 18,
2004
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DELTA APPAREL, INC.
Date: November 18, 2004 /s/ Herbert M. Mueller
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Herbert M. Mueller
Vice President and Chief Financial Officer
EXHIBIT INDEX
Exhibit Number Description
99.1 Press Release issued by Delta Apparel, Inc. on November 18,
2004