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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 22, 2003
DAN RIVER INC.
(Exact name of registrant as specified in its charter)
Commission file number 1-13421
GEORGIA 58-1854637
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
2291 Memorial Drive 24541
Danville, Virginia (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (434) 799-7000
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Item 5. Other Events and Regulation FD Disclosure.
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In order to reduce overhead costs, we have eliminated approximately 80
salaried positions throughout our operations. Affected associates have been
notified.
We anticipate this action to result in annualized overhead savings of
approximately $4.3 million per year. The annualized savings will impact our
cost of sales and our selling, general and administrative expenses on an
approximately equal basis. We expect to incur a pre-tax charge in our third
fiscal quarter, ending September 27, 2003, of approximately $820,000
relating to the severance costs associated with this personnel reduction.
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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.
DAN RIVER INC. (Registrant)
Date: August 22, 2003 /s/ Barry F. Shea
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Barry F. Shea
Executive Vice President - Chief
Financial Officer