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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
DUCK HEAD APPAREL COMPANY, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
26410P 10 3
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(CUSIP Number)
Bettis C. Rainsford
108 1/2 Courthouse Square
Edgefield, South Carolina 29824
(803)637-5304
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 14, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. Seess. 240.13d-7 for other
parties to whom copies are to be sent.
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on following pages)
Page 1 of 6 pages
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SCHEDULE 13D
<TABLE>
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CUSIP NO. 26410P 10 3 PAGE 2 OF 6 PAGES
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<S> <C>
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Bettis C. Rainsford
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
NA
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
US
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7 SOLE VOTING POWER
334,218
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 334,218
WITH -----------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
334,218
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
(SEE INSTRUCTIONS)
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.9%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
IN
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</TABLE>
Page 2 of 6 pages
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AMENDMENT NO. 3
TO SCHEDULE 13-D
This Amendment No. 3 amends and restates the indicated items of the
statement on Schedule 13D, as amended, relating to the Common Stock, $.01 par
value ("Shares"), of Duck Head Apparel Company, Inc., a Georgia corporation,
(the "Company") filed on behalf of Bettis C. Rainsford, a shareholder of the
Company and removes Talmadge Knight, a shareholder of the Company and former
member of a "group" with Mr. Rainsford, as a reporting person.
Item 2. Identity and Background
Item 2 is hereby restated as follows:
(a) Name of filing person:
Bettis C. Rainsford
(b) Business Address:
108 1/2 Courthouse Square
Edgefield, South Carolina 29824
(c) Principal Occupation:
President
Rainsford Development Corporation
108 1/2 Courthouse Square
Edgefield, South Carolina 29824
(General business development activities)
(d) During the past five years, Mr. Rainsford has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the past five years, Mr. Rainsford has not been a
party to a civil proceeding of a judicial or administrative
body of competent jurisdiction resulting in a final judgment,
final decree or final order enjoining future violations of,
or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect
to such laws.
(f) Citizenship:
United States of America
Item 3. Source and Amount of Funds or Other Consideration
Page 3 of 6 pages
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Item 3 is hereby amended to delete the second paragraph.
Item 4. Purpose of Transaction
Item 4 is hereby restated as follows:
The November 8, 2000 annual meeting of shareholders of the Company
(the "Annual Meeting") was adjourned until November 15, 2000 due to lack of a
quorum. On November 14, 2000, Mr. Rainsford notified the Company that he was
withdrawing his intent to nominate his director nominees, including Mr. Knight,
for election to the board of directors of the Company. Following this
notification, all contracts, understandings, arrangements or relationships with
Mr. Knight, including the existence of a "group" comprising Mr. Rainsford and
Mr. Knight, were terminated. Mr. Rainsford individually holds the shares for
investment purposes and will continue to review this investment based on an
evaluation of the Company and its business and prospects, including the
Company's business and the market price of the Common Stock. Mr. Rainsford may
explore from time to time in the future a variety of alternatives with respect
to his investment, including, without limitation, one or more of the following:
(a) the acquisition of additional securities of the Company; (b) the
disposition of all or any portion of securities of the Company held by Mr.
Rainsford; (c) an extraordinary corporate transaction, such as a sale, merger,
reorganization or liquidation involving the Company; or (d) any action similar
to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
Item 5(a) is hereby restated as follows:
Name Number of Shares Percentage
Bettis C. Rainsford 334,218 13.9%
Item 5(b) is hereby restated as follows:
(i) Sole power to vote or direct the vote:
Name Number of Shares
Bettis C. Rainsford 334,218
(ii) Shared power to vote or direct the vote:
Name Number of Shares
Bettis C. Rainsford 0
(iii) Sole power to dispose or direct the disposition:
Name Number of Shares
Bettis C. Rainsford 334,218
(iv) Shared power to dispose or direct the disposition:
Name Number of Shares
Bettis C. Rainsford 0
Page 4 of 6 pages
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Mr. Rainsford owns 329,424 shares directly. In addition, the number of
shares shown above as owned by Mr. Rainsford includes an aggregate of 4,794
shares owned by The Edgefield County Foundation, a charitable trust, as to
which Mr. Rainsford holds voting and investment power, but disclaims beneficial
ownership.
Item 5(c) is hereby restated as follows:
None.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer
Item 6 is hereby amended to delete the second paragraph.
Item 7. Material Filed as Exhibits
Item 7 is hereby restated as follows:
None.
Page 5 of 6 pages
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: November 14, 2000
/s/ Bettis C. Rainsford
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Bettis C. Rainsford
Page 6 of 6 pages
