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):   July 1, 2010


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.)


322 South Main Street, Greenville, South Carolina

 

29601

(Address of principal executive offices)

(Zip Code)


 

(864) 232-5200

 

(Registrant's Telephone Number

Including Area Code)


Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below)

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01.  Other Items.

On July 5, 2010, Delta Apparel, Inc. (the “Company”), through a newly formed subsidiary, entered into an agreement to purchase substantially all of the net assets of HPM Apparel, Inc. d/b/a The Cotton Exchange, subject to the satisfaction of certain terms and conditions.  The purchase price for the transaction will consist of $9 million cash, subject to a post-closing adjustment based on the actual working capital purchased.  The Company expects to complete the acquisition by July 15, 2010.

Item 9.01.          Financial Statements and Exhibits.

(d)  Exhibits.

Exhibit Number

 

Description

 
99.1 Press release issued by Delta Apparel, Inc. on July 1, 2010


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:

July 6, 2010

/s/ Deborah H. Merrill

Deborah H. Merrill

Vice President, Chief Financial Officer and Treasurer


EXHIBIT INDEX

Exhibit Number

Description

 
99.1

Press release dated July 1, 2010