SECURITIES AND EXCHANGE COMMISSION
Washington, DC 25049
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): August 18, 1994
DELTA WOODSIDE INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
South Carolina
(State of other jurisdiction of incorporation)
1-10095 57-0535180
(Commission File Number) (I.R.S. employer
Identification No.)
233 North Main Street
Hammond Square, Suite 200
Greenville, South Carolina 29601
(Address of principal (Zip Code)
executive offices)
(803/232/8301
(Registrant's Telephone Number, Including Area Code)
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Item 4. Changes in Registrant's Certifying Accountants
On August 19, 1994, Delta Woodside Industries, Inc., a South
Carolina corporation (the "Company"), disengaged the accounting
firm of Ernst & Young LLP as principal accountants for the
Company upon completion of the annual audit for the Company's
1994 fiscal year. The decision to change accountants was
approved by the audit committee of the Company's Board of
Directors on August 18, 1994. On August 19, 1994 KPMG Peat
Marwick LLP was engaged by the Company pursuant to approval by
the Board of Directors as principal accountants for the Company's
1995 fiscal year, subject to shareholders approval.
In connection with the audits of each of the two fiscal years
ended June 27, 1992 and July 3, 1993, and in the subsequent
period preceding August 19, 1994, there have been no
disagreements with Ernst & Young LLP on any matter of accounting
principles or practices, financial statement disclosure, or
auditing scope or procedures, which disagreements, if not
resolved to the satisfaction of Ernst & Young LLP, would have
caused Ernst & Young LLP to make reference to the subject matter
of the disagreement in their reports.
The audit reports of Ernst & Young LLP on the consolidated
financial statements of the Company and subsidiaries for the
Company's 1992 and 1993 fiscal years did not contain any adverse
opinion or disclaimer of opinion, nor was it qualified or
modified as to uncertainty, audit scope, or accounting
principles.
The Company has requested Ernst & Young LLP to furnish it a
letter addressed to the Commission stating whether or not it
agrees with the above statements. A copy of this letter dated
August 25, 1994 is filed as Exhibit 16.1 to this Form 8-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Delta Woodside Industries, Inc.
Date: August 25, 1994 /s/ Douglas J. Stevens
Name: Douglas J. Stevens
Controller and Assistant
Secretary
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EXHIBIT INDEX
16.1 LETTER FROM CERTIFYING ACCOUNTANTS
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ERNST & YOUNG LLP Two Insignia Financial Plaza
Suite 800
P.O. Box 10647
Greenville, SC 29603
Phone 803-242-5740
EXHIBIT 16 to FORM 8-K
AUGUST 25, 1994
Securities and Exchange Commission
450 Fifth Street, N. W.
Washington, D. C. 20549
Gentlemen:
We have read Item 4 of Form 8-K dated Aguust 25, 1994, of
Delta Woodside Industries, Inc. and are in agreement with
the statements contained in the first sentence of the
first paragraph, and the second, third, and fourth
paragraphs on page one therein. We have no basis to agree or
disagree with other statements of the registrant contained
therein.
/s/ Ernst & Young LLP
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