DFAN14A 1 g65029adfan14a.txt DELTA APPAREL CO INC / BETTIS C. RAINSFORD 1 ----------------------------------------------------------------- SCHEDULE 14A (Rule 14a) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [] Filed by a Party other than the Registrant [X] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [x] Definitive Additional Materials [ ] Soliciting Material Pursuant to sec.240.14a-11(c) or sec.240.14a-12 DELTA APPAREL, INC. (NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) BETTIS C. RAINSFORD (NAME OF PERSON(S) FILING PROXY STATEMENT, IF OTHER THAN THE REGISTRANT) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: ....... (2) Aggregate number of securities to which transaction applies: .......... (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): ............ (4) Proposed maximum aggregate value of transaction: ...................... (5) Total fee paid: ....................................................... [ ] Fee paid previously with preliminary materials. [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: ............................................... (2) Form, Schedule or Registration Statement No.: ......................... (3) Filing Party: ......................................................... (4) Date Filed: ........................................................... --------------------------------------------------------------------------------
2 CONTACTS: BETTIS RAINSFORD MORROW & CO., INC. (803) 637-5304 Thomas Ball / Ronald Knox (212) 754-8000 BETTIS C. RAINSFORD COMMENTS ON RECENT DELTA APPAREL BOARD ACTION AND TERMINATES SOLICITATION EFFORT --------------------- EDGEFIELD, SC NOVEMBER 6, 2000 - Bettis C. Rainsford announced today that he is extremely gratified that the Board of Directors of Delta Apparel, Inc. (AMEX: DLA) has reversed many of those actions which he believed were hostile to the best interests of the shareholders and which were the basis for his proxy solicitation effort. He stated that he is especially glad to see the Company remove the poison pill. Mr. Rainsford noted: "It is my firm belief that all of these actions which the Company announced last Wednesday would not have occurred but for my proxy solicitation effort. Since I began my fight on October 6, 2000, Delta Apparel shares are up 61% in value, representing a total increase in shareholder value of $17.2 million. In Delta Apparel's sister company, Duck Head Apparel (AMEX: DHA), where I also initiated a proxy solicitation effort, shares are up 171% in value, representing a total increase in shareholder value of $4.4 million. Shareholders of Delta Apparel and Duck Head now appear to have a chance of realizing the fair value of their shares within a reasonable time frame. I deeply regret that it was necessary for the Company and me to incur such substantial costs in order to make the Board of Directors recognize their fiduciary duty to maximize shareholder value. "Since the Board has now taken these steps, I have made the decision to terminate my proxy solicitation. I want to thank those many shareholders who have offered me their encouragement and support in recent weeks. As one of the largest shareholders of Delta Apparel, I will continue to monitor the efforts of the Board to make certain that they follow through on their promises to all shareholders."