{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-021637","form_type":"8-K","ticker":null,"cik":"0001101396","company_name":"DELTA APPAREL, INC","filed_at":"2024-07-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.177692+00:00","generated_at":"2026-05-31T23:56:04.074241+00:00","sec_items":["1.01","1.03","2.04","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Delta Apparel files Chapter 11; enters $28M stalking horse sale of Salt Life assets","bullets":["Chapter 11 petitions filed June 30, 2024 by Delta Apparel and domestic subsidiaries, including Salt Life LLC.","Stalking horse APA with FCM Saltwater Holdings for Salt Life assets: $28.03M cash, subject to higher bids and court approval.","Two directors (Hood, Medina) and CAO/Treasurer Bubanich resigned immediately before filing.","Company warns common stock likely zero recovery; expects delisting from NYSE American.","Pre-petition credit facility accelerated; DIP financing sought from Wells Fargo to fund operations."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-021637","json":"https://secwatch.observer/filing/0001437749-24-021637.json","markdown":"https://secwatch.observer/filing/0001437749-24-021637.md","text":"https://secwatch.observer/filing/0001437749-24-021637.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1101396/000143774924021637/0001437749-24-021637-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1101396/000143774924021637/dla20240619_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T23:56:04.074241+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1fb86f3c87b01984e60382fd8421afe3bca10674","claim":"DELTA APPAREL, INC entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2024-06-30).","evidence_excerpt":"On June 30, 2024 (the “Petition Date”), Delta Apparel, Inc. (the “Company”) and its domestic direct and indirect subsidiaries (collectively with the Company, the “Debtors”), including Salt Life Beverage, LLC and Salt Life, LLC (“Salt Life”), filed voluntary petitions (the “Chapter 11 Cases”) under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101396/000143774924021637/0001437749-24-021637-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the District of Delaware"},{"label":"Petition","value":"2024-06-30"}],"fact_type":"distress_event"},{"claim_id":"0afdde597c","claim":"Sonya E. Medina resigned as Director at DELTA APPAREL, INC.","evidence_excerpt":"On June 29, 2024, Sonya E. Medina resigned from service on the Board and all subcommittees of the Board effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101396/000143774924021637/0001437749-24-021637-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"7b8a51044f","claim":"Glenda E. Hood resigned as Director at DELTA APPAREL, INC.","evidence_excerpt":"On June 28, 2024, Glenda E. Hood submitted her resignation from service on the Company’s Board of Directors (\"Board\") and all subcommittees of the Board, effective as of June 30, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101396/000143774924021637/0001437749-24-021637-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"a7ea8c35bc","claim":"Nancy P. Bubanich resigned as Vice President, Chief Accounting Officer, and Treasurer at DELTA APPAREL, INC.","evidence_excerpt":"On June 27, 2024, Nancy P. Bubanich notified the Company of her decision to resign from her position as Vice President, Chief Accounting Officer, and Treasurer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101396/000143774924021637/0001437749-24-021637-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Vice President, Chief Accounting Officer, and Treasurer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}