Lakeland Industries Files Proxy Materials

TL;DR

Lakeland Industries filed proxy docs, no fee. Standard shareholder info.

AI Summary

Lakeland Industries, Inc. filed a Definitive Additional Materials (DEFA14A) on May 10, 2024. This filing is related to their proxy statement and indicates no fee was required for this submission. The company is based in Huntsville, AL, and operates in the orthopedic, prosthetic & surgical appliances & supplies sector.

Why It Matters

This filing is a routine regulatory submission for Lakeland Industries, Inc., providing shareholders with information related to their proxy statement, which is crucial for upcoming shareholder votes and corporate governance.

Risk Assessment

Risk Level: low — This filing is a routine DEFA14A, indicating standard corporate disclosure rather than a significant event or risk.

Key Players & Entities

• LAKELAND INDUSTRIES INC (company) — Registrant
• 0001654954-24-005956 (filing_id) — Accession Number
• 20240510 (date) — Filing Date
• Huntsville, AL (location) — Company Address

FAQ

Filing Documents

• lake_defa14a.htm (DEFA14A) — 24KB
• lake_def14aimg2.jpg (GRAPHIC) — 1KB
• 0001654954-24-005956.txt ( ) — 26KB

From the Filing

14A lake_defa14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 Lakeland Industries, Inc. (Name of Registrant as Specified in its Charter) Not applicable. (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Lakeland Industries, Inc. SUPPLEMENT TO PROXY STATEMENT DATED MAY 1, 2024 FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD THURSDAY, JUNE 13, 2024 Explanatory Note On May 1, 2024, Lakeland Industries, Inc. (the "Company") filed its Definitive Proxy Statement on Schedule 14A (the "Proxy Statement") in connection with the Company's 2024 Annual Meeting of Stockholders to be held on June 13, 2024 (the "Annual Meeting") with the Securities and Exchange Commission (the "SEC"). This supplement to the Proxy Statement, dated as of May 10, 2024 (this "Supplement"), is being filed for the following purposes: (i) To clarify the description of the vote required to approve the proposals. With respect to Proposal 1, the updated disclosure in the Supplement clarifies that the election of directors requires a plurality of the votes cast. With respect to Proposals 2, 3, 5 and 6, the Supplement clarifies that the vote required for stockholders to approve each such proposal is the affirmative vote of a majority of the shares present in person or represented by proxy at the Annual Meeting and entitled to vote on the matter. In each case, the disclosure regarding the effect of abstentions and broker non-votes on the outcome of the vote remains unchanged. (ii) To correct the date of filing of the Schedule 13G/A filed by Private Capital Management, LLC in footnote 7 to the "Security Ownership of Certain Beneficial Owners and Management" table on page 45 of the Proxy Statement from February 10, 2024 to February 5, 2024. This Supplement does not change the proposals to be acted on at the Annual Meeting or the recommendation of the Board of Directors of the Company with respect to any proposals. Except as specifically supplemented by the information contained in this Supplement, all information set forth in the Proxy Statement continues to apply and should be considered in voting your shares. Capitalized terms used in this Supplement and not otherwise defined herein have the meaning given to them in the Proxy Statement. 2 Changes to the Proxy Statement The disclosure appearing on page 3 of the Proxy Statement under the heading "What vote is required to approve each proposal?" is amended and restated to read as follows: What vote is required to approve each proposal? Proposal No. 1: The election of directors requires a plurality of the votes cast in the election at the Annual Meeting. Any shares not voted on the election of the two director nominees will have no effect on the outcome of the election. Proposal No. 2: The ratification of the selection of Deloitte & Touche LLP as our independent registered public accounting firm requires the affirmative vote of a majority of the shares present in person or represented by proxy at the Annual Meeting and entitled to vote on the matter. If you "abstain" from voting with respect to this proposal, your vote will have the same effect as a vote "against" the proposal. Proposal No. 3: The advisory vote on named executive officer compensation will be considered approved by the affirmative vote of a majority of the shares present in person or represented by proxy at the Annual Meeting and entitled to vote on the matter. Because your vote is advisory, it will not be binding on the Board or the Compensation Committee of the Board, which is comprised of independent directors. However, the Board and Compensation Committee expect to take into account the outcome of the vote when considering further executive compensation decisions. Abstentions will have the same effect as votes "against" the proposal, but broker non-votes will have no effect on the outcome of voting. Proposal No. 4: The frequency option (one year, two years or three years) receiving a plurality of the votes cast will be the frequency that has been "approved" by stockholders. Because your vote is advisory, it will not be binding on the Board of Directors of Lakeland. However, the Board will consider the outcome of the vote when deter

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View this DEFA14A filing on SEC EDGAR