-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LX2C3xEQMK9vVspPe/wHtmcZvxIkrwGd05g4IS71PrXhU7iShY623iR6tk/9zBqq v5/ifGpI+ec9xpaAGmfsfw== 0001019892-02-000107.txt : 20020919 0001019892-02-000107.hdr.sgml : 20020919 20020919114037 ACCESSION NUMBER: 0001019892-02-000107 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020916 ITEM INFORMATION: Other events FILED AS OF DATE: 20020919 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELTA APPAREL INC CENTRAL INDEX KEY: 0001101396 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-APPAREL, PIECE GOODS & NOTIONS [5130] IRS NUMBER: 582508794 STATE OF INCORPORATION: GA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15583 FILM NUMBER: 02767493 BUSINESS ADDRESS: STREET 1: 2750 PREMIERE PARKWAY SUITE 100 CITY: DULUTH STATE: GA ZIP: 30096 BUSINESS PHONE: 7708066800 MAIL ADDRESS: STREET 1: 2750 PREMIERE PARKWAY SUITE 100 CITY: DULUTH STATE: GA ZIP: 30096 8-K 1 form8k-091902.txt DATE OF REPORT 9/16/02 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): September 16, 2002 Delta Apparel, Inc. -------------------- (Exact name of registrant as specified in its charter) Georgia ---------- (State or Other Jurisdiction of Incorporation) 1-15583 58-2508794 ------------------- ----------------------- (Commission File Number) (IRS Employer Identification No.) 2750 Premiere Parkway, Suite 100, Duluth, Georgia 30097 - ------------------------------------------------- --------------- (Address of principal executive offices) (Zip Code) (678) 775-6900 (Registrant's Telephone Number Including Area Code) Not Applicable -------------- (Former name or former address, if changed since last report) Item 5. Other Events On September 16, 2002, the registrant announced that its Board of Directors authorized the repurchase by the Company in open market transactions of up to an additional $3.0 million of Delta Apparel common stock pursuant to its Stock Repurchase Program, bringing the total amount authorized to $6.0 million. The press release issued by the registrant on September 16, 2002 is attached hereto as Exhibit 99.1 and incorporated herein by reference thereto. Item 7. Financial Statements and Exhibits (c) Exhibits 99.1 Press Release of Delta Apparel, Inc., dated September 16, 2002. 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: September 19, 2002 /s/ Herbert M. Mueller ----------------------------------- Herbert M. Mueller Vice President and Chief Financial Officer EXHIBIT INDEX Exhibit Number Description - -------------- ----------- 99.1 Press Release of Delta Apparel, Inc., dated September 16, 2002. EXHIBIT 99.1 DELTA APPAREL ANNOUNCES INCREASE IN AMOUNT AUTHORIZED FOR SHARE REPURCHASE DULUTH, Ga.--(BUSINESS WIRE)--September 16, 2002-- Delta Apparel, Inc. (AMEX-DLA) announced that in a meeting held on Friday, September 13, 2002, its Board of Directors authorized the repurchase by the Company in open market transactions of up to an additional $3.0 million of Delta Apparel common stock pursuant to its Stock Repurchase Program, bringing the total amount authorized to $6.0 million. During the current fiscal year, the Company has purchased 7,020 shares of Delta Apparel common stock for an aggregate of $0.2 million. Since the inception of the program on November 1, 2000, the Company has purchased 122,020 shares of its stock under the program for a total cost of $2.3 million. In addition to purchases under its Stock Repurchase Program, during fiscal year 2002 the Company purchased 338,143 shares at a purchase price of $22.00 per share in a Dutch Tender Offer. The Company paid $7.6 million for the shares purchased, including expenses, pursuant to the Dutch Tender Offer. Robert W. Humphreys, President and CEO, commented, "We believe the repurchase of our shares is an excellent use of our capital. At the current trading range, we will continue the repurchase of our shares in the open market as we believe share repurchases at current prices are accretive to our per share earnings." Delta Apparel, Inc. is a vertically integrated manufacturer and marketer of high quality knit apparel. The Company specializes in selling undecorated T-shirts, golf shirts and tank tops to distributors, screen printers and private label accounts. Delta Apparel has operations in six states, two company-operated sewing facilities in Honduras and one company-operated sewing facility in Mexico. The Company employs about 3,100 worldwide. Statements and other information in this press release that are not reported financial results or other historical information are forward-looking statements. These are based on Delta Apparel's expectations and are necessarily dependent upon assumptions, estimates and data that the Company believes are reasonable and accurate but may be incorrect, incomplete or imprecise. Forward-looking statements are also subject to a number of business risks and uncertainties, any of which could cause actual results to differ materially from those set forth in or implied by the forward-looking statements. These risks and uncertainties include, among others, changes in the retail demand for apparel products, the cost of raw materials, competitive conditions in the apparel and textile industries, the relative strength of the United States dollar as against other currencies, changes in United States trade regulations, the discovery of unknown conditions (such as with respect to environmental matters and similar items) and other risks described from time to time in the Company's reports filed with the Securities and Exchange Commission. Accordingly, any forward-looking statements do not purport to be predictions of future events or circumstances and may not be realized. The Company does not undertake to publicly update or revise the forward-looking statements even if it becomes clear that any projected results will not be realized. Contact: Delta Apparel, Inc. Herb Mueller 678/775-6948 -----END PRIVACY-ENHANCED MESSAGE-----