Lakeland Industries Files 8-K on Officer Compensation, Other Events
Ticker: LAKE · Form: 8-K · Filed: Feb 1, 2024 · CIK: 798081
Complexity: simple
Sentiment: neutral
Topics: compensatory-arrangements, executive-changes, corporate-governance
TL;DR
**Lakeland Industries just filed an 8-K about executive pay and other events, keep an eye on how this impacts leadership and costs.**
AI Summary
Lakeland Industries, Inc. filed an 8-K on February 1, 2024, to report on changes related to executive compensation and other events. This filing indicates that the company is making adjustments to its compensatory arrangements for certain officers, which could impact future financial performance and executive retention. For investors, understanding these changes is crucial as they can affect the company's operational costs and the stability of its leadership team, potentially influencing stock valuation.
Why It Matters
Changes in executive compensation can signal shifts in company strategy or financial health, directly impacting investor confidence and the company's ability to attract and retain top talent.
Risk Assessment
Risk Level: medium — Changes in executive compensation can introduce uncertainty regarding leadership stability and future operational expenses, posing a medium risk to investors.
Analyst Insight
Investors should monitor subsequent filings for specific details on the compensatory arrangements and any potential impact on the company's financial outlook and executive team stability.
Key Numbers
- $0.01 — Par Value per share (Par value of Lakeland Industries' Common Stock)
Key Players & Entities
- Lakeland Industries, Inc. (company) — registrant filing the 8-K
- February 1, 2024 (date) — date of earliest event reported and filing date
- NASDAQ Market (company) — exchange where Lakeland Industries' Common Stock is registered
- Common Stock, $0.01 Par Value (dollar_amount) — description of Lakeland Industries' registered securities
- LAKE (company) — trading symbol for Lakeland Industries
Forward-Looking Statements
- Lakeland Industries will provide more specific details on the compensatory arrangements in future filings. (Lakeland Industries, Inc.) — medium confidence, target: Q1 2024
FAQ
What is the primary purpose of Lakeland Industries, Inc.'s 8-K filing on February 1, 2024?
The primary purpose of Lakeland Industries, Inc.'s 8-K filing on February 1, 2024, is to report on the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Other Events,' as well as 'Financial Statements and Exhibits'.
What is the trading symbol and the exchange where Lakeland Industries, Inc.'s securities are registered?
Lakeland Industries, Inc.'s securities trade under the symbol 'LAKE' on the NASDAQ Market, as stated in the filing under 'Securities registered pursuant to Section 12(b) of the Act'.
What is the state of incorporation for Lakeland Industries, Inc.?
Lakeland Industries, Inc. is incorporated in Delaware, as indicated in the filing under 'State or other jurisdiction of incorporation'.
What is the business address and phone number of Lakeland Industries, Inc.?
The business address for Lakeland Industries, Inc. is 1525 Perimeter Parkway, Suite 325, Huntsville, AL 35806, and their telephone number is (256) 350-3873, according to the filing.
What is the fiscal year end for Lakeland Industries, Inc.?
Lakeland Industries, Inc.'s fiscal year ends on January 31, as specified in the 'COMPANY DATA' section of the filing.
Filing Stats: 688 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2024-02-01 16:26:37
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 Par Value LAKE NASDAQ Market Indic
- $0.03 — d a quarterly dividend in the amount of $0.03 per share payable on February 22, 2024,
Filing Documents
- lake_8k.htm (8-K) — 25KB
- lake_ex991.htm (EX-99.1) — 7KB
- lake_ex991img2.jpg (GRAPHIC) — 5KB
- 0001654954-24-001204.txt ( ) — 163KB
- lake-20240201.xsd (EX-101.SCH) — 6KB
- lake-20240201_lab.xml (EX-101.LAB) — 14KB
- lake-20240201_cal.xml (EX-101.CAL) — 1KB
- lake-20240201_pre.xml (EX-101.PRE) — 9KB
- lake-20240201_def.xml (EX-101.DEF) — 2KB
- lake_8k_htm.xml (XML) — 4KB
01. Other Events
Item 8.01. Other Events. On February 1, 2024, the Company issued a press release, attached hereto as Exhibit 99.1, announcing that its Board declared a quarterly dividend in the amount of $0.03 per share payable on February 22, 2024, to stockholders of record as of February 15, 2024. 2
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits . 99.1 Press Release, dated February 1, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
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. / s/ James M. Jenkins James M. Jenkins Acting Chief Executive Officer and President Date: February 1, 2024 4