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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported)
May 1, 2024
__________________________________________
Lakeland
Industries, Inc.
(Exact name of registrant as specified in its charter)
Delaware
0-15535
13-3115216
(State or other jurisdiction
(Commission
(IRS Employer
of
incorporation)
File Number)
Identification No.)
1525 Perimeter Parkway
,
Suite
325
Huntsville
,
AL
35806
(Address of principal executive offices) (Zip
Code)
Registrant's telephone number, including area code:
(
256
)
350-3873
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act
(17 CFR 240.14a-12)
Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b) of the
Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which
registered
Common Stock, $0.01 Par Value
LAKE
NASDAQ
Market
Indicate by check
mark whether the registrant is an emerging growth company as defined in Rule
405 of the Securities Act of 1933 ((s)230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 ((s)240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to
Section 13(a) of the Exchange Act.
Item 8.01.
Other Events.
On May 1, 2024,
Lakeland Industries, Inc. (the "Company") issued a press release, attached
hereto as Exhibit 99.1, announcing that its Board of Directors declared a
quarterly dividend in the amount of $0.03 per share payable on May 22, 2024,
to stockholders of record as of May 15, 2024.
Item 9.01. Financial Statements
and Exhibits.
(d)
Exhibits
.
99.1
Press Release, dated May 1, 2024
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document)
2
SIGNATUR
ES
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 President and Chief Executive Officer
Date:
May 1, 2024
3
EXHIBIT 99.1
Press Release
Lakeland Industries Declares Cash Dividend for
Second Quarter 2025
HUNTSVILLE, AL / ACCESSWIRE / May 1, 2024 /
Lakeland
Industries, Inc. (NASDAQ: LAKE) (the "Company" or "Lakeland"), a leading
global manufacturer of protective clothing for industry, healthcare and first
responders on the federal, state, and local levels, today announced that its
Board of Directors declared a cash dividend for its fiscal second quarter of
2025 of $0.03 per share. The dividend will be paid on May 22, 2024, to
stockholders of record as of May 15, 2024.
About Lakeland Industries, Inc.
We
manufacture and sell a comprehensive line of industrial protective clothing
and accessories for the industrial and public protective clothing market. Our
products are sold globally by our in-house sales teams, our customer service
group, and authorized independent sales representatives to a network of over
2,000 global safety and industrial supply distributors. Our authorized
distributors supply end users, such as integrated oil, chemical/petrochemical,
automobile, transportation, steel, glass, construction, smelting, cleanroom,
janitorial, pharmaceutical, and high technology electronics manufacturers, as
well as scientific, medical laboratories and the utilities industry. In
addition, we supply federal, state and local governmental agencies and
departments, such as fire and law enforcement, airport crash rescue units, the
Department of Defense, the Department of Homeland Security and the Centers for
Disease Control. Internationally, we sell to a mixture of end users directly
and to industrial distributors, depending on the particular country and
market. In addition to the United States, sales are made into more than 50
foreign countries, the majority of which were into China, the European
Economic Community ("EEC"), Canada, Chile, Argentina, Russia, Kazakhstan,
Colombia, Mexico, Ecuador, India, Uruguay, Middle East and Southeast Asia.
For
more information concerning Lakeland, please visit the Company online at
www.lakeland.com.
1
Contacts:
Lakeland Industries, Inc.
256-600-1390
Roger
Shannon
rdshannon@lakeland.com
"Safe Harbor" Statement under the Private
Securities Litigation Reform Act of 1995
This press release contains
"forward-looking statements" as that phrase is defined in the Private
Securities Litigation Reform Act of 1995. All statements, other than
statements of historical facts, which address Lakeland's expectations of
sources or uses for capital or which express the Company's expectation for the
future with respect to financial performance or operating strategies,
including statements regarding payment of a quarterly dividend, can be
identified as forward-looking statements. Forward-looking statements involve
risks, uncertainties and assumptions as described from time to time in Press
Releases and Forms 8-K, registration statements, quarterly and annual reports
and other reports and filings filed with the Securities and Exchange
Commission or made by management. As a result, there can be no assurance that
Lakeland's future results will not be materially different from those
described herein as "believed," "projected," "planned," "intended,"
"anticipated," "can," "estimated" or "expected," or other words which reflect
the current view of the Company with respect to future events. We caution
readers that these forward-looking statements speak only as of the date
hereof. The Company hereby expressly disclaims any obligation or undertaking
to release publicly any updates or revisions to any such statements to reflect
any change in the Company's expectations or any change in events, conditions
or circumstances on which such statement is based, except as may be required
by law.
Source:
Lakeland Industries, Inc.
2
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