SCHEDULE 13D
(Rule 13d-101)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(a) and
Amendments Thereto Filed Pursuant to Rule 13d-2(a)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
Delta Apparel, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
247368 10 3
(CUSIP Number)
E. Erwin Maddrey, II, 233 North Main Street, Suite 200, Greenville, SC 29601
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(864) 232-8301
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 30, 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 Rule 13d-1(e), 13d-1(f) or 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. See Rule 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).
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SCHEDULE 13D
CUSIP No. 247368 10 3 Page 2 of 5 Pages
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
1 E. Erwin Maddrey, II
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) _____
2 (See Instructions) (b) _____
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3 SEC USE ONLY
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SOURCE OF FUNDS (See Instructions)
4 OO See Note 1 in response to Item 5
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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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CITIZENSHIP OR PLACE OF ORGANIZATION
6 US
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING SOLE VOTING POWER
PERSON
WITH 7 347,592
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SHARED VOTING POWER
8 0
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SOLE DISPOSITIVE POWER
9 347,592
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SHARED DISPOSITIVE POWER
10 0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 347,592
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ____
12 (See Instructions)
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 14.8%
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TYPE OF REPORTING PERSON (See Instructions)
14 IN
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ITEM 1. SECURITY AND ISSUER
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a. Title and class of equity securities:
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Common Stock
b. Name and address of principal executive offices of Issuer:
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Delta Apparel, Inc.
3355 Breckinridge Blvd., Suite 100
Duluth, GA 30096
ITEM 2. IDENTITY AND BACKGROUND
--------------------------------
a. Name of filing person:
E. Erwin Maddrey, II
b. Residence Address:
201 Crescent Avenue
Greenville, SC 29605
c. Principal occupation:
Private Investor
d. During the last five years, Mr. Maddrey has not been convicted in
a criminal proceeding (excluding traffic violations and similar
misdemeanors).
e. During the last five years, Mr. Maddrey 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
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The shares of the common stock of Delta Apparel, Inc. (the "Issuer")
reported in this Schedule 13D were distributed on June 30, 2000 to E. Erwin
Maddrey, II (the "Reporting Person") pursuant to the distribution of all shares
of the Issuer's common stock (the "Shares") by Delta Woodside Industries, Inc.
("Delta Woodside") to the stockholders of Delta Woodside, including the
Reporting Person. This distribution is more fully described in the Form 10/A,
Amendment No. 4, filed with the Securities and Exchange Commission by the Issuer
on June 8, 2000.
ITEM 4. PURPOSE OF TRANSACTION
-------------------------------
At this time, Mr. Maddrey holds his Shares primarily for investment and has
no plan or proposal that would result in:
a. The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
b. An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
c. A sale or transfer of a material amount of assets of the Issuer
or any of its subsidiaries;
d. Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board;
e. Any material change in the present capitalization or dividend
policy of the Issuer;
f. Any other material change in the Issuer's business or corporate
structure;
g. Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person;
h. Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered
national securities association;
i. A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Act; or
j. Any action similar to any of these enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
---------------------------------------------
a. Aggregate number and percentage of class of securities
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beneficially owned by the filing person:
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Number of Shares Percentage
---------------- ----------
347,592 14.8%
b. Number of Shares as to which there is:
--------------------------------------
(i) Sole power to vote or to direct the vote:
-----------------------------------------
347,592
(ii) Shared power to vote or to direct the vote:
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0
(iii) Sole power to dispose or direct the disposition:
------------------------------------------------
347,592
(iv) Shared power to dispose or direct the disposition:
--------------------------------------------------
0
(v) Parties with whom stock powers are shared:
------------------------------------------
Mr. Maddrey holds voting and dispositive power for all
shares reported herein.
Mr. Maddrey owns 304,445 shares of common stock directly. In
addition, the number of shares shown above includes an
aggregate of 43,147 shares of common stock owned by the E.
Erwin and Nancy B. Maddrey, II Foundation, a charitable
trust, as to which shares Mr. Maddrey holds voting and
investment power but disclaims beneficial ownership.
c. Description of transactions in the class of securities effected
--------------------------- -------------------------- --------
during the past sixty days:
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None, other that the receipt of the shares as described in
response to Item 3.
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d. Statement regarding right of any other person to receive or the
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power to direct the receipt of dividends from, or the proceeds
------------------------------ --------- ----- ---------------
from the sale of such securities:
---------------------------------
On January 6, 1994, Mr. Maddrey pledged 724,987 shares of common
stock of Delta Woodside to the Wachovia Bank, N.A. (f/k/a South
Carolina National Bank) as security for a line of credit in the amount
of $5,000,000. This arrangement is now governed by a Commitment Letter
dated December 1, 1999 attached hereto as Exhibit 1. Under certain
circumstances, the number of shares pledged by Mr. Maddrey to Wachovia
Bank, N.A. may be increased. In the distribution by Delta Woodside of
shares of the Issuer's common stock as described in Item 3, Mr.
Maddrey received 72,498 shares of the Issuer's common stock with
respect to the pledged shares. The consent of Wachovia Bank, N.A. must
be obtained in order for Mr. Maddrey to dispose of these shares or to
pledge such shares to any other entity. Pursuant to Rule 13d-3(d)(3),
the bank is not to be treated as beneficially owning any of the shares
of Common Stock beneficially owned by Mr. Maddrey.
e. Statement regarding the date on which the reporting person ceased
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to be the beneficial owner of more than five percent of the class
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of securities:
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Not applicable.
ITEM 6.
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Contracts, Arrangements, Understandings, or Relationships with Respect to
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Securities of the Issuer:
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Other than the relationships described in response to Item 5 above (which
description is incorporated herein by reference) there are no contracts,
arrangements, understandings or relationships (legal or otherwise) by any person
or entity described in response to Item 2 with any person with respect to any
securities of the Issuer, including but not limited to transfer or voting of any
of the securities, finder's fees, joint ventures, loan or option arrangements,
put or calls, guarantees or profits, division of profits or loss, or the giving
or withholding of proxies.
ITEM 7.
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Material to be Filed as Exhibits:
---------------------------------
The following information is in addition to the exhibits listed in the
Reporting Person's previous filings:
1. Letter of Commitment in regard to a revolving credit facility from Wachovia
Bank, N.A.
SIGNATURE
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.
Date: July 10, 2000
/s/ E. Erwin Maddrey, II
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E. Erwin Maddrey, II
