-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ni30/qTPk9dDJjH51WcVELQEv+z8ywZxc9xZV2bmJg5W/5VwInksP158rwS4+wic 1fksH+qUqw6omxjUCdui2A== 0000914317-04-003406.txt : 20040910 0000914317-04-003406.hdr.sgml : 20040910 20040910093622 ACCESSION NUMBER: 0000914317-04-003406 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040910 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040910 DATE AS OF CHANGE: 20040910 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LAKELAND INDUSTRIES INC CENTRAL INDEX KEY: 0000798081 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] IRS NUMBER: 133115216 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15535 FILM NUMBER: 041024096 BUSINESS ADDRESS: STREET 1: 711-2 KOEHLER AVENUE CITY: RONKONKOMA STATE: NY ZIP: 11779 BUSINESS PHONE: 5169819700 MAIL ADDRESS: STREET 1: 711- 2 KOEHLER AVENUE CITY: RONKONKOMA STATE: NY ZIP: 11779 8-K 1 form8k-62924_lakeland.txt United States Securities and Exchange Commission Washington, DC 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) September 10, 2004 ---------------- Lakeland Industries, Inc. (Exact name of registrant as specified in its charter) Delaware 0-15535 13-3115216 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 711-2 Koehler Avenue, Ronkonkoma, New York 11779-7410 (Address of principal executive offices) (Zip Code) (631) 981-9700 Registrant's telephone number, including area code - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [_] 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 (17CFR 240.14d-2(b) [_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c) Item 7.01. Regulation FD Disclosure. Attached as an exhibit to this report is Notice of a Teleconference Call to discuss Lakeland Industries, Inc.'s September 8, 2004 Earnings Release, Related Topics, and a Question and Answer Session scheduled for 10:00 A.M. September 10, 2004. The information in this report shall not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. - -------------------------------------------------------------------------------- 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: September 10, 2004 By: /s/ Christopher J. Ryan ----------------------- Christopher J. Ryan President & CEO EXHIBIT INDEX Exhibit Number Description ======= ============================================================== 99.1 Lakeland's Notice of a Teleconference Call to discuss Lakeland Industries, Inc.' September 8, 2004 Earnings Release, Related Topics, and a Question and Answer Session. EX-99.1 2 ex99-1.txt Lakeland INDUSTRIES, INC Exhibit 99.1 711-2 Koehler Avenue - Ronkonkoma, NY 11779 (631) 981-9700 - www.lakeland.com ---------------- Lakeland Industries to Host Conference Call on September 10, 2004 at 10:00 A.M. EDT RONKONKOMA, NY -- September 9, 2004 -- Lakeland Industries, Inc. (NASDAQ: LAKE), a leading manufacturer of industrial protective clothing, will host a conference call to discuss its financial results for the second quarter ended July 31, 2004 on Friday, September 10, 2004 at 10:00 AM (EDT). The call will be hosted by Christopher J. Ryan, Lakeland's President and CEO. Investors can listen to the call by dialing (800) 921-9431 (Domestic) or (973) 582-2703 (International) or logging onto: Live - ---- Real Player Conference Stream Link: Windows Media Conference Stream Link: http://tinyurl.com/7xmup http://tinyurl.com/5wvjt - ------------------------ ------------------------ Archived - -------- Real Player Conference Stream Link: Windows Media Conference Stream Link: http://tinyurl.com/6lrp5 http://tinyurl.com/3mcye - ------------------------ ------------------------ Besides holding a question and answer session, Mr. Ryan will also discuss the following topics: 1. Calculation of earnings per share as it will affect the third and fourth quarter and full-year results. Management guidance of $1.50 to $1.60 prior to the June 18, 2004 public offering based on the then outstanding number of shares or 3,280,135 shares x $1.50 to $1.60 equals $4.9 million to $5.2 million. As of July 31, 2004, the Company earned $2,567,965; therefore management still feels its guidance given in June is appropriate. For the third quarter ended December 31, 2004, there will be 3,899,932 shares outstanding and for the year ending January 31, 2005 there will be 4,065,170 shares outstanding for earnings per share calculations. Exact fully diluted shares outstanding for future quarters cannot be estimated since the closing price of the stock on the last day of the reported quarter is needed to compute the outstanding option shares to be added to the actual shares outstanding at that quarter end. 2. Calculation of Minority Interest in Net Income of Variable Interest Entities pursuant to FASB Interpretation #46. The Company receives financial statements from the accountant for the two related party partnerships that lease real estate to the Company at the end of the Company's fiscal quarter. Lakeland records any cash, fixed assets, net (land and buildings) and a minority interest liability that is equal to the partnerships retained earnings. In the income statement, this is basically a reclassification of rent expenses from these two related party partnerships G&A to minority interest in net income of variable interest entities, which is a wash with no profit and loss effect. Thus this FIN #46 consolidation for the quarter adds cash of $60,000, property of $1.2 million and a minority interest liability of $1.2 million to the balance sheet. The only impact on the profit and loss is to reclassify 294,000 in expenses from the G&A to the minority interest line. There is no impact on earnings per share. About Lakeland Industries, Inc.: Among leading companies designing and manufacturing protective garments for industry, municipalities, and the burgeoning healthcare field, Lakeland Industries' products have established and maintained their global reputation for overall quality. Indeed, our products have long been recognized as the field's gold standard for quality - that essential, expected and deserved constituent of any protective wear. For more information concerning Lakeland, please visit us at: www.lakeland.com ---------------- For those not able to participate on the call please contact Investor Relations: Mike Frank at 201-659-0101 or mike@mikefrankassociates.com. ---------------------------- "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Lakeland Industries, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. -----END PRIVACY-ENHANCED MESSAGE-----