Lakeland Industries Files 8-K with Material Agreements

TL;DR

LAKE filed an 8-K on Jan 22, reporting material agreements and other events. Watch for details.

AI Summary

Lakeland Industries, Inc. filed an 8-K on January 24, 2025, reporting events as of January 22, 2025. The filing indicates the entry into a material definitive agreement and other events, along with financial statements and exhibits. The company is incorporated in Delaware and headquartered in Huntsville, AL.

Why It Matters

This 8-K filing signals significant corporate actions or agreements by Lakeland Industries, Inc., which could impact its business operations and financial standing.

Risk Assessment

Risk Level: medium — 8-K filings often disclose material events that can significantly impact a company's stock price and future performance.

Key Players & Entities

• Lakeland Industries, Inc. (company) — Registrant
• January 22, 2025 (date) — Date of earliest event reported
• January 24, 2025 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation
• Huntsville, AL (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 Par Value LAKE NASDAQ Market Indic
• $22.00 — ng price of the Underwritten Shares was $22.00 per share, and the Underwriter agreed t
• $20.68 — he Underwriting Agreement at a price of $20.68 per share (the "Purchase Price"). Under
• $42.8 million — ffering expenses, will be approximately $42.8 million. The Underwriting Agreement contains c

Filing Documents

• lake_8k.htm (8-K) — 31KB
• lake_ex11.htm (EX-1.1) — 235KB
• lake_ex51.htm (EX-5.1) — 11KB
• lake_ex991.htm (EX-99.1) — 11KB
• lake_ex992.htm (EX-99.2) — 12KB
• lake_ex993.htm (EX-99.3) — 12KB
• lake_ex994.htm (EX-99.4) — 7KB
• lake_ex993img2.jpg (GRAPHIC) — 4KB
• lake_ex993img1.jpg (GRAPHIC) — 4KB
• lake_ex51img1.jpg (GRAPHIC) — 4KB
• lake_ex992img2.jpg (GRAPHIC) — 4KB
• lake_ex992img1.jpg (GRAPHIC) — 4KB
• lake_ex991img2.jpg (GRAPHIC) — 4KB
• lake_ex991img1.jpg (GRAPHIC) — 4KB
• 0001654954-25-000715.txt ( ) — 563KB
• lake-20250122.xsd (EX-101.SCH) — 6KB
• lake-20250122_lab.xml (EX-101.LAB) — 14KB
• lake-20250122_cal.xml (EX-101.CAL) — 1KB
• lake-20250122_pre.xml (EX-101.PRE) — 9KB
• lake-20250122_def.xml (EX-101.DEF) — 2KB
• lake_8k_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On January 22, 2025, Lakeland Industries, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Roth Capital Partners, LLC, as representative of the several underwriters listed on Schedule I to the Underwriting Agreement (the "Underwriters"), relating to the previously announced underwritten public offering (the "Offering") by the Company of 1,820,000 shares (the "Underwritten Shares") of the Company's common stock, par value $0.01 per share (the "Common Stock"). The public offering price of the Underwritten Shares was $22.00 per share, and the Underwriter agreed to purchase the Underwritten Shares from the Company pursuant to the Underwriting Agreement at a price of $20.68 per share (the "Purchase Price"). Under the terms of the Underwriting Agreement, the Company granted the Underwriters an option, exercisable for 45 days, to purchase up to an additional 273,000 shares of Common Stock (the "Option Shares" and, together with the Underwritten Shares, the "Shares") at the Purchase Price, which was exercised in full on January 23, 2025. The Company estimates that the net proceeds from the Offering, after deducting underwriting discounts and commissions and estimated offering expenses, will be approximately $42.8 million. The Underwriting Agreement contains customary representations, warranties and agreements by the Company, indemnification obligations of the Company and the Underwriters, including for liabilities under the Securities Act of 1933, as amended (the "Securities Act"), other obligations of the parties and other terms and conditions customary in agreements of this type. A copy of the Underwriting Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference. The foregoing description of the Underwriting Agreement is qualified in its entirety by reference to such exhibit. The Offering was made pursuant to a she

01 . Other Events

Item 8.01 . Other Events. On January 22, 2025, the Company issued a press release announcing that it had commenced the Offering, on January 23, 2025, the Company issued a press release announcing that it had priced the Offering, and on January 24, 2025, the Company issued a press release announcing that it had closed the Offering. Copies of these press releases are attached as Exhibits 99.1, 99.2 and 99.3 hereto, respectively, and are incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description of Exhibit 1.1* Underwriting Agreement by and between Lakeland Industries, Inc. and Roth Capital Partners, LLC, as representative of the underwriters, dated January 22, 2025. 5.1 Opinion of Maynard Nexsen PC. 23.1 Consent of Maynard Nexsen PC (contained in Exhibit 5.1). 99.1 Press Release of the Company, dated January 22, 2025. 99.2 Press Release of the Company, dated January 23, 2025. 99.3 Press Release of the Company, dated January 24, 2025. 99.4 Information relating to Part II, Item 14 "Other Expenses of Issuance and Distribution" of the Registration Statement (Registration No. 333-280783) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Schedules and exhibits to this Exhibit have been omitted pursuant to Item 601(a)(5) of Regulation S-K under the Securities Act of 1933, as amended. A copy of any omitted schedule or exhibit will be furnished to the SEC upon request. 2

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/ Roger D. Shannon Roger D. Shannon Chief Financial Officer Date: January 24, 2025 3

View Full Filing

View this 8-K filing on SEC EDGAR