Delta Apparel Appoints Simone Walsh as Chief Financial Officer

GREENVILLE, South Carolina – (COMMERCIAL THREAD) – Delta Apparel, Inc. (NYSE American: DLA), a leading provider of athletic and lifestyle apparel, today announced that its board of directors has appointed Simone Walsh to the role vice-president, chief financial officer and treasurer of the company. Deborah Merrill has tendered her resignation, but has agreed to continue working with the Company on an orderly transition of her responsibilities to Ms. Walsh until January 22, 2022.

Ms. Walsh, 49, recently served as the Vice President – Assistant Controller of Novelis Inc., since September 2020. Previously, she was the Chief Accounting Officer, Controller and Senior Accountant of PRGX Global, Inc. from April. 2019 to September 2020 and as Vice President – Finance from August 2017 to April 2019. Ms. Walsh worked as a consultant for Steele Consulting from October 2016 to July 2017, leading a tax and divestiture process for certain Cable operations & Wireless Communication Limited to a US public company. Previously, Ms. Walsh was Senior Director – Finance, Home Services for The Home Depot, Inc. from January 2015 to April 2016 and Senior Director – Tax from 2012 to 2014. Ms. Walsh also held other executive positions. and financial management positions at various other companies and began his career as a public accountant, working at both Ernst & Young and Deloitte. Ms. Walsh holds a Bachelor of Commerce degree from the University of Wollongong (Australia) and a Masters of Commerce (Accounting and Finance) from Sydney University of Technology (Australia). Ms Walsh is both an Australian and UK Chartered Accountant.

Robert W. Humphreys, Chairman and CEO of the Company, said, “We are delighted that Simone is joining our team. She has extensive expertise in accounting, finance, operations and global strategy. In addition, his international business experience combined with a deep understanding of tax strategies will be of great advantage in propelling the Company in its continued growth and profitability.

Mr. Humphreys commented, “On behalf of the entire Board of Directors and management team, I would like to thank Deb for her dedication and valuable contributions during her 23 year career at Delta Apparel. Deb has played an important role in improving our financial and operational performance. We wish her the best in her future endeavors and are delighted that she will remain with the Company until 2022. ”

The Company and Mr. Humphreys have agreed to extend the term of his existing employment contract by filing the Company’s Fiscal 2024 Annual Report on Form 10-K and have agreed to enter into a formal amendment in the near future.

About Delta Apparel, Inc.

Delta Apparel, Inc., along with its operating subsidiaries, DTG2Go, LLC, Salt Life, LLC and MJ Soffe, LLC, is a vertically integrated international apparel company that designs, manufactures, sources and markets a diverse portfolio of commodities . sportswear and lifestyle clothing under the main brands of Salt Life®, Soffe® and Delta. The company is a market leader in the direct-to-garment digital printing and execution industry, bringing DTG2Go technology and innovation to its customers’ supply chains. The company specializes in selling casual and athletic products through a variety of channels and distribution levels, including outdoor and sporting goods retailers, independent and specialty stores, top department stores and retailers. mid-level retailers, mass merchants and online retailers, the US military, and through its business-to-business e-commerce sites. The Company’s products are also made available to consumers directly on its websites at www.saltlife.com, www.soffe.com and www.deltaapparel.com as well as through its branded retail stores. The Company’s operations are located in the United States, Honduras, El Salvador and Mexico, and it employs approximately 8,600 people worldwide. Additional information about the Company is available at www.deltaapparelinc.com.

Caution regarding forward-looking statements

This press release may contain “forward-looking” statements that involve risks and uncertainties. A number of factors could cause actual results to differ materially from anticipated or expected results, including, but not limited to, general US and international economic conditions; the impact of the COVID-19 pandemic and the government / social measures taken to contain its spread on our operations, financial condition, liquidity and capital investments, including recent labor shortages, inventory constraints and supply chain disruptions; significant interruptions or disruptions in our manufacturing, distribution or other operations; deterioration in the financial condition of our customers and suppliers and changes in the operations and strategies of our customers and suppliers; volatility and uncertainty in the prices and availability of cotton and other raw materials; competitive conditions in the clothing industry; our ability to predict or respond to changing consumer preferences or trends; our ability to successfully open and operate new retail stores in a timely and profitable manner; the ability to grow, achieve synergies and achieve the expected profitability of acquisitions; changes in the economic, political or social stability of our offshore sites in the areas in which we, or our suppliers or vendors, operate; our ability to attract and retain key executives; the volatility and uncertainty of energy, fuel and related costs; significant disruptions to our information systems related to our business operations; compromise of the security of our data; significant changes in our effective tax rate; important disputes in national or international jurisdictions; recalls, complaints and negative publicity associated with product liability issues; the ability to protect our trademarks and other intellectual property; changes in the regulation of international trade; our ability to comply with trade regulations; changes in labor laws or regulations or in our relationships with employees; negative publicity resulting from violations of manufacturing standards or labor law or unethical business practices by our suppliers and independent contractors; the inability of suppliers or other third parties, including those related to transportation, to fulfill the terms of their contracts with us; restrictions on our ability to borrow capital or repay our debt; fluctuations in interest rates increasing our obligations under our variable rate debt; the ability to raise additional capital; impairment of acquired intangible assets; fluctuations in foreign currency exchange rates; the illiquidity of our actions; the volatility of our stock prices and general stock market volatility; and the other factors set out in “Risk Factors” contained in our most recent annual report on Form 10-K filed with the Securities and Exchange Commission and updated in our quarterly reports subsequently filed on Form 10 -Q. Except as required by law, Delta Apparel, Inc. expressly disclaims any obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unforeseen events.


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