Lakeland Industries Reports Director, Officer, and Compensation Changes
Ticker: LAKE · Form: 8-K · Filed: Jun 17, 2024 · CIK: 798081
Sentiment: neutral
Topics: management-change, governance, filing
Related Tickers: LAKE
TL;DR
Lakeland Industries (LAKE) filed an 8-K detailing director/officer changes and compensation. Watch for leadership impact.
AI Summary
Lakeland Industries, Inc. filed an 8-K on June 17, 2024, reporting events that occurred on June 13, 2024. The filing indicates changes related to the departure and election of directors, appointment of officers, and executive compensation arrangements. It also covers the submission of matters to a vote of security holders and includes financial statements and exhibits.
Why It Matters
This filing signals potential shifts in the company's leadership and governance structure, which could impact strategic direction and operational oversight.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with executive compensation adjustments, can indicate internal shifts that may affect future performance and strategy.
Key Players & Entities
- Lakeland Industries, Inc. (company) — Registrant
- June 13, 2024 (date) — Earliest event reported
- June 17, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- 13-3115216 (company_id) — IRS Employer Identification No.
FAQ
What specific changes were made regarding directors and officers?
The filing indicates the departure of directors or certain officers, the election of directors, and the appointment of certain officers.
What is the date of the earliest event reported in this 8-K?
The earliest event reported is dated June 13, 2024.
What other items are covered in this 8-K filing besides personnel changes?
The filing also covers the submission of matters to a vote of security holders and includes financial statements and exhibits.
What is the principal executive office address for Lakeland Industries, Inc.?
The principal executive offices are located at 1525 Perimeter Parkway, Suite 325, Huntsville, Alabama 35806.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 1,127 words · 5 min read · ~4 pages · Grade level 10.6 · Accepted 2024-06-17 15:38:12
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value LAKE NASDAQ Market Indic
Filing Documents
- lake_8k.htm (8-K) — 41KB
- lake_ex101.htm (EX-10.1) — 62KB
- lake_ex102.htm (EX-10.2) — 87KB
- 0001654954-24-007835.txt ( ) — 349KB
- lake-20240613.xsd (EX-101.SCH) — 6KB
- lake-20240613_lab.xml (EX-101.LAB) — 14KB
- lake-20240613_cal.xml (EX-101.CAL) — 1KB
- lake-20240613_pre.xml (EX-101.PRE) — 9KB
- lake-20240613_def.xml (EX-101.DEF) — 2KB
- lake_8k_htm.xml (XML) — 4KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. At the Annual Meeting, the Company's stockholders voted on six proposals. A brief description of and tabulation of votes for each proposal are set forth below. Voting results are, when applicable, reported by rounding fractional share voting to the nearest whole share. Proposal 1 . The Board's nominees for Class II directors were elected to serve for three years expiring at the Company's 2027 Annual Meeting of Stockholders and until each of their respective successors is duly elected and qualified, by the votes set forth below. There were 111,773 broker non-votes with respect to the proposal. Nominee For Withheld Martin G. Glavin 4,096,009 18,036 Jeffrey T. Schlarbaum 4,094,574 19,470 Proposal 2 . The Company's stockholders ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending January 31, 2025. There were no broker non-votes with respect to the proposal. For Against Abstain 4,220,272 4,933 613 2 Proposal 3 . The Company's stockholders approved, on an advisory (non-binding) basis, the compensation paid to the Company's named executive officers. There were 111,773 broker non-votes with respect to the proposal. For Against Abstain 3,840,565 12,493 260,985 Proposal 4 . The Company's stockholders considered, on an advisory (non-binding) basis, the frequency of the advisory vote on the compensation of the Company's named executive officers. There were 111,773 broker non-votes with respect to the proposal. One Year Two Years Three Years Abstain 3,320,836 51,436 459,900 281,873 Based on the vote of our stockholders at the Annual Meeting, and consistent with the Board's recommendation set forth in the Proxy Statement the Board has determined that the Company will conduct a vote to approve, on an advisory basis, the compensation of the Company's named executive officers every
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit Number Exhibit Description 10.1* Lakeland Industries, Inc. Employee Stock Purchase Plan 10.2* Lakeland Industries, Inc. 2017 Equity Incentive Plan, as amended 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) *Indicates management contract or compensatory plan or arrangement. 4
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: June 17, 2024 By: /s/ Roger D. Shannon Roger D. Shannon Chief Financial Officer 5