secwatch.observer — SEC 8-K summary
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Issuer:     DELTA APPAREL, INC (—)
CIK:        0001101396
Form:       8-K
Filed at:   2024-06-18T23:59:59+00:00
Accession:  0001437749-24-020642
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

Delta Apparel exits DTG2Go unit, cuts 115 jobs, closes six facilities amid liquidity crisis
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- Board approved plan to exit DTG2Go; production ceased June 13, 2024.
- Workforce reduced by ~115 employees; facilities to close in Storm Lake, IA; Cranbury, NJ; Fayetteville, NC; Phoenix, AZ; LaVergne, TN; Miami, FL.
- Largest DTG2Go customer ended sourcing; company in default on ABL credit facility.
- Expects restructuring charges beginning Q3 FY2024; costs not yet estimable.
- Also exploring potential sale of Salt Life business; evaluating all strategic options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101396/000143774924020642/0001437749-24-020642-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101396/000143774924020642/dla20240618_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-020642

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