Lakeland Industries Enters Material Definitive Agreement

TL;DR

LAKE signed a big deal, details to come.

AI Summary

Lakeland Industries Inc. (LAKE) announced on March 27, 2026, that it has entered into a material definitive agreement. The company filed an 8-K report detailing this agreement, along with Regulation FD disclosures and financial exhibits. The filing does not specify the nature of the agreement or any associated dollar amounts.

Why It Matters

This filing indicates a significant new contract or partnership for Lakeland Industries, which could impact its future revenue and operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, but the lack of specific details about the agreement introduces uncertainty.

Key Players & Entities

• Lakeland Industries Inc. (company) — Filer of the 8-K report
• LAKE (company) — Ticker symbol for Lakeland Industries Inc.

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 Par Value LAKE The Nasdaq Stock Mar
• $14.0 m — urchase price (the "Purchase Price") of $14.0 million, subject to a $400,000 escrow for
• $400,000 — Price") of $14.0 million, subject to a $400,000 escrow for post-closing inventory adjus
• $1.0 million — ost-closing inventory adjustments and a $1.0 million escrow to secure the Company's indemnif

Filing Documents

• lake-20260327.htm (8-K) — 48KB
• lake-ex99_1.htm (EX-99.1) — 18KB
• img33608822_0.jpg (GRAPHIC) — 5KB
• 0001193125-26-130491.txt ( ) — 180KB
• lake-20260327.xsd (EX-101.SCH) — 23KB
• lake-20260327_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On March 27, 2026, Lakeland Industries, Inc. (the "Company") and National Safety Apparel, LLC (the "Buyer") entered into an Asset Purchase Agreement (the "Purchase Agreement") pursuant to which the Company agreed to sell, and the Buyer agreed to acquire certain assets and assume certain liabilities related to the Company's high-visibility and high-performance workwear styles consisting of ANSI-compliant high-visibility apparel and arc-rated and flame-resistant technical garments (the "Business"). The closing of the transaction (the "Closing") also occurred on March 27, 2026. In connection with the Closing, the parties also entered into a transition services agreement, a contract manufacturing agreement, a supply agreement and certain other ancillary agreements. Pursuant to the Purchase Agreement, the Company sold the Business to the Buyer for an aggregate purchase price (the "Purchase Price") of $14.0 million, subject to a $400,000 escrow for post-closing inventory adjustments and a $1.0 million escrow to secure the Company's indemnification obligations. The Purchase Agreement contains customary representations, warranties, and covenants, including a restrictive covenant that limits the Company from engaging in certain business activities for five years following the Closing. In addition, the Company and the Buyer have each agreed to indemnify one another for losses resulting from (i) any inaccuracy in or breach of the representations and warranties contained in the Purchase Agreement, the ancillary documents or any agreement or instrument pursuant to the Purchase Agreement and (ii) any breach or non-fulfilment of their covenants, agreements and other obligations pursuant to the Purchase Agreement, the ancillary documents or any agreement or instrument pursuant to the Purchase Agreement. Further, the Company has agreed to indemnify the Buyer for losses resulting from any excluded assets, retained liabilities,

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On March 30, 2026, the Company issued a press release, attached hereto as Exhibit 99.1, announcing the entry into the Purchase Agreement. The information contained in this Item 7.01 and in the accompanying Exhibit 99.1 is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press release, dated March 30, 2026 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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. LAKELAND INDUSTRIES, INC. Date: March 30, 2026 By: /s/ James M. Jenkins James M. Jenkins Chief Executive Officer, President and Executive Chairman

View Full Filing

View this 8-K filing on SEC EDGAR