-----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, HQW5QcBPaAJBv8K/lhOfLBb7qb4YwOHUKNuaYqMr+IuMuDSJCiSeu9o33LzRVMGG JXIi2f6vmObL8fCCKPqioQ== 0000914317-04-004160.txt : 20041117 0000914317-04-004160.hdr.sgml : 20041117 20041117093510 ACCESSION NUMBER: 0000914317-04-004160 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041117 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events FILED AS OF DATE: 20041117 DATE AS OF CHANGE: 20041117 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: 041150936 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-64117_lakeland.htm

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) November 17, 2004

__________________________________________

Lakeland Industries, Inc.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation)
0-15535
(Commission
File Number)
13-3115216
(IRS Employer
Identification No.)

711 Koehler Avenue, Suite 2, Ronkonkoma, New York 11779-7410
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code  (631) 981-9700

 
(Former name or former address, if changed since last report.)

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))


Items 8.01 and 7.01 Other Events and Regulation FD Disclosure.

  On November 17, 2004 Lakeland Industries, Inc. (“Lakeland”) issued a press release regarding Lakeland’s 10% Stock Dividend, and the election of A. John Kreft and Stephen M. Bachelder to the Board of Directors.

  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.




Date November 17, 2004





LAKELAND INDUSTRIES, INC.





/s/ Christopher J. Ryan
Christopher J. Ryan
President & CEO


EXHIBIT INDEX

Exhibit
Number

 
Description

 
99.1 Lakeland's Press Release regarding Lakeland's 10% Stock Dividend and strengthens the Board of Directors with the election of A. John Kreft and Stephen M. Bachelder to its Board.


EX-99.1 2 ex99-1.htm

Exhibit 99.1

Company Press ReleaseSource
Lakeland Industries, Inc.

LAKELAND INDUSTRIES PAYS A 10%STOCK
DIVIDEND IN STOCK

STRENGTHENS BOARD OF DIRECTORS

RONKONOMA, NY, On November 17, 2004, Lakeland Industries, Inc. (NASDAQ:LAKE) a leading manufacturer of industrial protective clothing today announced that it would split its common stock on an eleven-for-ten basis in the form of a stock dividend.

The measure is expected to further broaden Lakeland’s shareholder base by making the stock more affordable for individual investors by making it easier for them to purchase stock in round lots. This dividend will further increase the number of shares issued and outstanding, which management believes will aid in increased liquidity and trading volume. The Record Date for the above announced stock dividend will be April 30, 2005. The payable date for the dividend will be May 30, 2005. Therefore, the Ex-Dividend date should be set by NASDAQ on April 27, 2005; with 11 shares issued for every 10 shares held, under its less than 25% of the security value rule; which in this case is 10%. Any fractional shares will be half adjusted.

To illustrate, if the closing price of Lakeland’s stock is $20 per share on May 30, 2005, the opening price on May 31, 2005 will be approximately $18.00. While the dividend will increase the number of shares owned by 10%, the price per share will be reduced by approximately 10%, immediately after the payable date. Of course, market factors will influence the price before and after the dividend is payable.

At the Company’s last board of directors meeting, A. John Kreft and Stephen Bachelder were elected as Directors to Lakeland’s Board effective November 19, 2004 with their terms expiring in June 2007 and June 2006, respectively.

A.     John Kreft (54) has been President of Kreft Interests, a Houston based private investment firm, since 2001. Between 1998 and 2001, he was CEO of Baker Kreft Securities, LLC, a NASD broker-dealer. From 1996 to 1998, he was a co-founder and manager of TriCap Partners, a Houston based venture capital firm. From 1994 to 1996 he was employed as a director at Alex Brown and Sons. He also held senior positions at CS First Boston including employment as a managing director from 1989 to 1994. Mr. Kreft graduated from the Wharton School of Business in 1975.

Mr.     Stephen M. Bachelder (53) has been with Swiftview, Inc. a Portland based software company since 1999 and President since 2002. From 1991-1999 Mr. Bachelder ran a consulting firm advising software and hardware based companies in the Pacific Northwest. Mr. Bachelder was the president and owner of an Apparel Company, Bachelder Imports from 1982-1991 and worked in executive positions for Giant Foods, Inc. and Pepsico, Inc. between 1976-1982. Mr. Bachelder is a 1976 Graduate of the Harvard Business School.


TRANSFER AGENT
________________

For questions pertaining to the stock split, dividends, etc.,
Please contact Investors Relations at the
Registrar and TransferCompany
10 Commerce Drive, Cranford, NJ 07016
1-800-368-5949

For more information concerning Lakeland, please visit us at: www.lakeland.com or call Investor Relations: Mike Frank at 201-659-0101 or e-mail mike@mikefrankassociates.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in Press Releases and 8-K(s), registration statements, annual reports and other periodic reports and filings filed with the Securities and Exchange Commission. All statements, other than statements of historical facts, which address Lakeland’s expectations of sources of capital or which express the Company’s expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking statements. As a result, there can be no assurance that Lakeland’s future results will not be materially different from those described herein as “believed,” “anticipated,” “estimated” or “expected,” which words 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.


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