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This profile was last updated on 12/13/11  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. William F. Garrett

Wrong William F. Garrett?
 
Background

Employment History

Board Memberships and Affiliations

49 Total References
Web References
Will any other matters be voted ...
phx.corporate-ir.net, 13 Dec 2011 [cached]
Will any other matters be voted on?
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Two of the directors, Mr. William F. Garrett and Dr. A. Max Lennon are retiring from the Board and will not be standing for re-election.
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William F. Garrett
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William F. Garrett
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William F. Garrett
William F. ...
www.sec.gov, 29 Sept 2010 [cached]
William F. Garrett. William F. Garrett, 69, is currently a private investor and business consultant. Previously, he served as President and Chief Executive Officer of Delta Woodside Industries, Inc., a publicly held textile company, and served in that capacity from June 2000 until October 2007. In 2006, Delta Woodside Industries, Inc. and its subsidiaries filed Chapter 11 bankruptcy petitions, and the bankruptcy court approved a joint plan of liquidation in 2007. From 1986 until June 2000, Mr. Garrett served as the President of Delta Mills Marketing Company, a division of a subsidiary of Delta Woodside Industries, Inc. or its predecessors. Previously, he served as a divisional Vice President of J. P. Stevens & Company, Inc., a textile company, from 1982 to 1984, and as a divisional President of J. P. Stevens & Company, Inc. from
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Mr. Garrett served as Chairman of the board of Delta Woodside Industries, Inc. from 2005 to 2007 and as a director of Delta Woodside Industries, Inc. from 2000 to 2005. Mr. Garrett has been a director since 1999 and is a member of the Compensation Committee. Mr. Garrett’s professional experience includes over 40 years in leadership roles in the textile and apparel industry. His intimate knowledge of the industry, coupled with his experience on other public company boards and committees, are key assets to the Board.
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William F. Garrett
William F. Garrett (62) ...
www.sec.gov, 7 Oct 2003 [cached]
William F. Garrett (62) President and Chief Executive Officer of DELTA WOODSIDE INDUSTRIES INC /SC/ (2)
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(2) William F. Garrett served as a divisional Vice President of J. P. Stevens & Company, Inc. from 1982 to 1984, and as a divisional President of J. P. Stevens & Company, Inc. from 1984 until 1986, at which time the Delta Mills Marketing Company division was acquired by a predecessor of Old Delta Woodside.From 1986 until June 2000 he served as the President of Delta Mills Marketing Company, a division of a subsidiary of DELTA WOODSIDE INDUSTRIES INC /SC/.Mr. Garrett became President and Chief Executive Officer of DELTA WOODSIDE INDUSTRIES INC /SC/ in June 2000.Mr. Garrett is also a director of Delta Apparel, Inc. ("Delta Apparel").
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William F. Garrett (13)
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(13) William F. Garrett is President and Chief Executive Officer and a director of DELTA WOODSIDE INDUSTRIES INC /SC/.
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William F. Garrett (62)
President and Chief Executive Officer (1)
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William F. Garrett
President & Chief
Executive Officer
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The amount for Mr. Garrett also includes tax assistance related to certain non-deductible expenses paid by DELTA WOODSIDE INDUSTRIES INC /SC/ that are reported as income for Mr. Garrett. (d) Includes $150,000 as the second, third or fourth of seven payments constituting a special bonus for prior service and as an incentive to remain in the employment of DELTA WOODSIDE INDUSTRIES INC /SC/.If Mr. Garrett remains in the service of the Company for the full payment period, the total special bonus will be $1,000,000. (e) For purposes of this table, awards under DELTA WOODSIDE INDUSTRIES INC /SC/'s 2000 Incentive Stock Award Plan are treated as options.Share numbers are adjusted for the 4:1 reverse stock split of February 5, 2002. (f) The fiscal 2003 amount represents $5,769 contributed by DELTA WOODSIDE INDUSTRIES INC /SC/ to the 401(k) Plan for Mr. Garrett with respect to his compensation deferred under the 401(k) Plan, $12,808 contributed by DELTA WOODSIDE INDUSTRIES INC /SC/ to the Deferred Compensation Plan for Mr. Garrett with respect to his compensation deferred under the Deferred Compensation Plan, and $92,755 earned on Mr. Garrett's deferred compensation at a rate in excess of 120% of the Federal mid-term rate.
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William F.
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The number of shares that failed to vest were 30,000 for Mr. Garrett, 3,294, for Mr. Hardman, and , and 1,830 for Mr. Walker.
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Mr. Garrett will forfeit any of these payments remaining to be made in the event that he voluntarily leaves employment with DELTA WOODSIDE INDUSTRIES INC /SC/ or such employment is terminated by DELTA WOODSIDE INDUSTRIES INC /SC/ for cause.Any remaining amounts payable to him under the arrangement will be paid to him in the event of his death or disability or in the event there is a change of control of DELTA WOODSIDE INDUSTRIES INC /SC/ and he does not remain with DELTA WOODSIDE INDUSTRIES INC /SC/.
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COMPENSATION OF EXECUTIVE OFFICERS OTHER THAN MR. GARRETT DELTA WOODSIDE INDUSTRIES INC /SC/'s executive officers other than Mr. Garrett are William H. Hardman, DELTA WOODSIDE INDUSTRIES INC /SC/'s Vice President, Chief Financial Officer, Treasurer and Secretary, and Donald C. Walker, DELTA WOODSIDE INDUSTRIES INC /SC/'s Vice President, Controller and Assistant Secretary (the "Other Officers").
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COMPENSATION PAID TO W. F. GARRETT The compensation of the Chief Executive Officer includes both fixed and performance-based components.In setting the base salary level for the Chief Executive Officer, the Compensation Committee considers possible bonus awards in addition to base salary and attempts to set the base salary level so that total compensation, including bonuses, will be near to that of the median of chief executive officers of the comparable companies included in the independent consultant's report described above. Mr. Garrett was paid a special bonus of $150,000 in October 2002 as the fourth of seven annual installments of an aggregate $1,000,000 bonus awarded by the board in March 2000 to reward Mr. Garrett for prior service and to give him an incentive to remain in the employment of DELTA WOODSIDE INDUSTRIES INC /SC/.Mr. Garrett will forfeit any remaining payments in the event that he voluntarily leaves employment with DELTA WOODSIDE INDUSTRIES INC /SC/ or DELTA WOODSIDE INDUSTRIES INC /SC/ terminates his employment for cause.Any remaining amounts payable to him under the arrangement will be paid to him in the event of his death or disability or in the event there is a change of control of DELTA WOODSIDE INDUSTRIES INC /SC/ and he does not remain with DELTA WOODSIDE INDUSTRIES INC /SC/.DELTA WOODSIDE INDUSTRIES INC /SC/ also ordinarily pays a cash bonus for a fiscal year to its Chief Executive Officer based on whether certain financial targets determined by the Compensation Committee are achieved.For fiscal 2003, the targets were measured by net income and net income as a percent of sales, and DELTA WOODSIDE INDUSTRIES INC /SC/ did not achieve the targets.Consequently, no cash bonus was paid to Mr. Garrett for fiscal year 2003 other than the special bonus described above.For fiscal 2003, the total cash bonus awarded to Mr. Garrett amounted to approximately 24% of his base salary. In fiscal 2003, Mr. Garrett participated in the 2000 Incentive Stock Award Plan.No new awards were made to Mr. Garrett under the plan in fiscal 2003; however, previously outstanding awards granted in fiscal 2001 vested in fiscal 2003.Awards were made under the plan in fiscal 2001 to promote the achievement of medium-term goals.Mr. Garrett's award was structured so that twenty percent of his award vested if he remained in service with DELTA WOODSIDE INDUSTRIES INC /SC/ on the last day of each of fiscal 2001, 2002 and 2003, and up to forty percent of his award vested if he remained in service at the end of fiscal 2003 and DELTA WOODSIDE INDUSTRIES INC /SC/ met specified performance targets respecting average return on capital employed for fiscal 2001, 2002 and 2003 determined on the date DELTA WOODSIDE INDUSTRIES INC /SC/ filed its Annual Report on Form 10-K for fiscal 2003.
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In fiscal 2003, Mr. Garrett also participated in the 2000 Stock Option Plan.No new options were granted to Mr. Garrett in fiscal 2003; however, previously outstanding options granted in fiscal 2001 vested in fiscal 2003.The purpose of the plan is to promote the growth and profitability of DELTA WOODSIDE INDUSTRIES INC /SC/ over a longer term by enabling DELTA WOODSIDE INDUSTRIES INC /SC/ to attract and retain key managers and middle level managers of outstanding competence and by increasing the personal participation of its executives in DELTA WOODSIDE INDUSTRIES INC /SC/'s performance by providing these executives with an additional equity ownership opportunity in DELTA WOODSIDE INDUSTRIES INC /SC/.In making option grants to Mr. Garrett, no specific, non-subjective criteria were used, but the factors taken into account included his position and responsibilities, his performance, his compensation and his assessed potential.Each option granted under the 2000 Stock Option Plan to Mr. Garrett provided that the option became exercisable in stages over a period of three years.The final third of the options granted to Mr. Garrett in fiscal 2001 vested at the end of fiscal 2003. Section 162(m) of the Internal Revenue Code imposes limits on the ability of DELTA WOODSIDE INDUSTRIES INC /SC/ to claim income tax deductions for compensation paid to the Named Executives.Section 162(m) generally denies a corporate income tax deduction for annual compensation in excess of $1,000,000 paid to any of the Named Executives.Mr. Garrett did not receive compensation for fiscal year 2003 in excess of $1,000,000.
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As an inducement to negotiate the amendment, Duck Head agreed to reimburse Delta Woodside for all of its attorneys' fees incurred in connection with the amendment, and William F. Garrett resigned as a director of Duck Head so that Delta Woodside would have an independent director during the negotiation of the amendment.
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As of October 6, 2003, no awards had been made under the Stock Plan and no firm decisions have been made with respect to the allocation of awards under the Stock Plan except that DELTA WOODSIDE INDUSTRIES INC /SC/ expects that 30% of the stock permitted to be awarded under the Stock Plan will be granted to William F. Garrett, the President, Chief Executive Officer and a director of DELTA WOODSIDE INDUSTRIES INC /SC/.
INTEREST OF CERTAIN PERSONS IN THE STOCK PLAN; EFFECT ON EXISTING SHAREHOLDERS DELTA WOODSIDE INDUSTRIES INC /SC/ expects that 30% of the stock permitted to be aw
On July 20, 2001, W.F. ...
www.sec.gov, 4 Oct 2002 [cached]
On July 20, 2001, W.F. Garrett resigned as a director of Duck Head.All other directors of DELTA WOODSIDE INDUSTRIES INC /SC/ were directors of Duck Head until its acquisition by Tropical Sportswear Int'l Corporation in August of 2001.In the event that any material issue were to arise between DELTA WOODSIDE INDUSTRIES INC /SC/, on the one hand, and Delta Apparel on the other hand, the directors could be deemed to have a conflict of interest with respect to that issue.
PRINCIPAL STOCKHOLDERS OF THE COMPANY, DELTA APPAREL AND DUCK HEAD In the spin-offs of Delta Apparel and Duck Head, the common stock of each of Delta Apparel and Duck Head was distributed on June 30, 2000 to DELTA WOODSIDE INDUSTRIES INC /SC/'s stockholders pro rata based on such stockholders' record ownership on June 19, 2000 of DELTA WOODSIDE INDUSTRIES INC /SC/'s common stock.Therefore, immediately following the spin-offs, DELTA WOODSIDE INDUSTRIES INC /SC/'s principal stockholders were the same individuals and entities as Delta Apparel's and Duck Head's principal stockholders, and those principal stockholders had the same respective percentages of outstanding beneficial ownership in each of Delta Woodside, Delta Apparel and Duck Head (assuming no acquisitions or dispositions of shares by those stockholders between the record date for the Delta Apparel and Duck Head spin-offs and the completion of those spin-offs).
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Mr. Garrett resigned from his position as a director of Duck Head in connection with the negotiation of the amendment so that DELTA WOODSIDE INDUSTRIES INC /SC/ would have an independent director with respect to the negotiations. Any transaction entered into between DELTA WOODSIDE INDUSTRIES INC /SC/ and any officer, director, principal shareholder or any of their affiliates has been and will be on terms which DELTA WOODSIDE INDUSTRIES INC /SC/ then believes comparable to those which would be available to DELTA WOODSIDE INDUSTRIES INC /SC/ at such time from non-affiliated persons and will be in the future subject to the approval at the time of a majority of DELTA WOODSIDE INDUSTRIES INC /SC/'s disinterested directors.
SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE
William F. ...
www.sec.gov, 11 July 2001 [cached]
William F. Garrett
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Delta Woodside Industries, Inc.'s president and chief executive officer, William F. Garrett, is a director of DUCK HEAD APPAREL CO INC.Holders of a substantial number of DUCK HEAD APPAREL CO INC's shares are also holders of a substantial number of Delta Woodside Industries, Inc.'s shares. ITEM 4.THE SOLICITATION OR RECOMMENDATION. -------------------------------------------- At a meeting held on June 26, 2001, DUCK HEAD APPAREL CO INC's board of directors (the "Board") unanimously approved the Merger Agreement, the Tender and Option Agreements and the transactions contemplated thereby, including the Offer and the Merger, and determined that the terms of the Merger Agreement, the Tender and Option Agreements, the Offer and the Merger are advisable, fair and in the best interests of DUCK HEAD APPAREL CO INC and its shareholders.The Board also took action to exempt the Merger Agreement, the Tender and Option Agreements and the transactions
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William F. Garrett (13)
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(13) William F. Garrett is a director of DUCK HEAD APPAREL CO INC, Delta Woodside and Delta Apparel.The number of Shares shown as beneficially owned by Mr. Garrett includes 208 Shares allocated to the account of Mr. Garrett in the Delta Woodside 401(k) Plan.Mr. Garrett is fully vested in the Shares allocated to his account in the Delta Woodside 401(k) Plan.The number of Shares shown as beneficially owned by Mr. Garrett includes the estimated number of Shares to be received by him as non-employee director compensation in connection with consummation of the Offer (as described in the Schedule 14D-9).Mr. Garrett may be deemed to share beneficial ownership with TSI of all of his Shares listed in the table because of the terms and provisions of his Tender and Option Agreement.
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William F. Garrett (60) President and Chief Executive Officer
1071 Avenue of the Americas
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(2) William F Garrett served as a divisional Vice President of J. P. Stevens & Company, Inc. from 1982 to 1984, and as a divisional President of J. P. Stevens & Company, Inc. from 1984 until 1986, at which time the Delta Mills Marketing Company division was acquired by a predecessor of Old Delta Woodside.From 1986 until June 2000 he served as the President of Delta Mills Marketing Company, a division of a subsidiary of Delta Woodside.Mr. Garrett became President and Chief Executive Officer of Delta Woodside in June 2000.Delta A-10 Woodside is in the business of manufacturing and selling textile fabric.Mr. Garrett is also a director of Delta Woodside and Delta Apparel.
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