UNITED STATES 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):
August 20, 1999
DELTA WOODSIDE INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
SOUTH CAROLINA 0-10095
57-0535180
(State or other jurisdiction of
(Commission (I.R.S. Employer
Incorporation or organization) File Number)
Identification No.)
233 North Main Street
Hammond Square, Suite 200
Greenville, South Carolina
29601
(Address of principal executive offices)
(Zip Code)
864\232-
8301
Registrant's telephone number, including area code
Not Applicable
Former name, former address or former fiscal year, if
changed since last report.
Item 5. Other Events.
The press release of Delta Woodside Industries, Inc. dated
August 20, 1999, a copy of which is attached hereto as Exhibit
99.1, is incorporated herein by reference thereto.
Item 7. Financial Statements and Exhibits
(a) Financial statements of businesses acquired
Not Applicable
(b) Pro forma financial information
Not Applicable
(c) Exhibits
Exhibit No. Description
99.1 Press release dated August
20, 1999.
SIGNATURE
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 WOODSIDE INDUSTRIES, INC.
(Registrant)
Date August 26, 1999 /s/ Robert W.
Humphreys
Robert W. Humphreys
Vice President-Finance
Exhibit Index
The following exhibit is filed herewith:
Exhibit No. Description
99.1 Press release dated August 20, 1999
August 20, 1999 Bettis C. Rainsford
Greenville, South Carolina (803) 637-5304
DELTA WOODSIDE ANNOUNCES
CHANGE IN RESTRUCTURING PLANS
Delta Woodside Industries, Inc. (NYSE-DLW) announced today
that, due to weakness in the bond market, the Company believes
that its previously announced recapitalization/spin-off strategy
is not feasible at this time. Additionally, because the Company
believes that shareholders will best be served by separating the
operating companies, the Company does not plan to pursue the
acquisition of the two apparel divisions, Delta Apparel and Duck
Head Apparel, by its textile subsidiary, Delta Mills, Inc., at
this time.
The Company is continuing to explore strategic alternatives
to accomplish the separation of its operating companies, and will
announce specific plans in the coming months.
Delta Woodside Industries, Inc., headquartered in
Greenville, South Carolina, manufactures and sells a wide variety
of textile and apparel products. The Company, which employs
about 5,000 people, operates 15 plants and 24 garment outlet
stores. These facilities are located in 12 states, Costa Rica
and Honduras.
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