Lakeland Industries Inc 8-K, filed Feb 24, 2021
Lakeland Industries Inc (LAKE)
8-K
2021-02-24
For: 2021-02-22
View Original
Added on
April 07, 2026
About this 8-K
Lakeland Industries Inc filed this 8-K on February 24, 2021, reporting on events of February 22, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
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): February 22,
2021
__________________________________________
(Exact
name of registrant as specified in its charter)
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(State
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of
incorporation)
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File
Number)
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Identification
No.)
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(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:
Securities registered pursuant to Section 12(b) of the
Act:
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of each class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§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
5.02
Departure
of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On
February 22, 2021, Ms. Nikki Hamblin was designated to fill the
vacancy created by the Board of Directors’ increase in the
number of directors constituting the entire Board of Directors from
six to seven. Ms. Hamblin will serve as a Class III director,
effective April 13, 2021 (term expiring in 2022).
Ms.
Hamblin is independent under The NASDAQ Stock Market Rules and the
Company’s criteria for determining director
independence.
Ms.
Hamblin, age 43, has served as the Director of Advisor Service at
Manning & Napier Advisors, LLC (“Manning &
Napier”), a publicly traded investment management company,
since September 2019, and is a member of Manning &
Napier’s Committee for Diversity & Inclusion. Ms. Hamblin
was the Director of Retirement Plan Services at GRP Financial
California, LLC, a retirement plan consulting firm, from September
2017 to August 2019 and served as Vice President, Key Accounts at
Manning & Napier from January 2013 to August 2017. Prior to her
experience at Manning & Napier, Ms. Hamblin served as an
investment banker specializing in middle-market private and
publicly owned mergers and acquisitions and financing transactions.
Ms. Hamblin has a BS from Syracuse University, and an MBA with a
concentration in finance from the William E. Simon Graduate School
of Business Administration at the University of
Rochester.
There
are no arrangements or understandings between Ms. Hamblin and any
other person pursuant to which Ms. Hamblin was elected to serve as
a director, nor are there related party transactions requiring
disclosure pursuant to Item 404(a) of Regulation S-K under the
Securities Exchange Act of 1934, as amended.
On
February 24, 2021, the Company issued a press release announcing
the above-detailed changes. The press release issued by the Company
in connection with the announcement is attached hereto as Exhibit
99.1 and is incorporated herein by reference.
Item
9.01.
Financial
Statements and Exhibits.
(d)
Exhibits.
Press Release dated
February 24, 2021.
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.
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LAKELAND
INDUSTRIES, INC.
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Date:
February 24, 2021
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By:
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/s/ Charles D. Roberson
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Charles
D. Roberson
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Chief
Executive Officer & President
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EXHIBIT INDEX
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Exhibit
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Number
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Description
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Press
Release dated February 24, 2021.
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Exhibit 99.1
Lakeland Industries Appoints Investment Industry Veteran Nikki
Hamblin to Board of Directors
DECATUR, AL -- February 24, 2021 -- Lakeland Industries,
Inc. (NASDAQ: LAKE) (the “Company” or
“Lakeland”), a leading global manufacturer of
protective clothing for industry, healthcare and to first
responders on the federal, state and local levels, today announced
the appointment of investment industry veteran Nikki Hamblin to its
Board of Directors (the “Board”). The appointment
increases the number of directors to seven, five of whom are
independent.
Christopher
J. Ryan, Executive Chairman of Lakeland Industries, commented,
“We are pleased to have Nikki join our Board to enhance our
sound governance and solid succession planning. Her appointment and
the increased size of our Board are integral to our broader
strategy of strengthening our overall leadership as we set our
sights on continued growth and market
expansion.”
Charles
D. Roberson, President and Chief Executive Officer of Lakeland
Industries, added, “Nikki’s extensive background in
financial planning and asset management, investment risk, mergers
and acquisitions (“M&A”), and investment and
shareholder returns, combined with her leadership experience, will
serve as an important complement to the talent of our existing
Board members. We welcome Nikki’s contributions to position
Lakeland as a leading and expanding global provider of industrial
personal protective equipment.”
Nikki
Hamblin brings to Lakeland more than 20 years of experience in the
investment industry, M&A, risk management, asset allocation and
business strategy. Ms. Hamblin has spent over 15 years in various
roles of ascending responsibility with Manning & Napier
Advisors (NYSE: MN), a publicly traded investment management firm
with approximately $20 billion in assets under management,
including serving as a member of the Committee for Diversity &
Inclusion (CDI) and the CDI, Recruitment & Retention
Sub-committee. She also has served as an investment banker
specializing in middle-market private and publicly owned M&A
transactions, and provided financial advisory services to
for-profit, not-for-profit, and publicly traded companies. She
obtained a Bachelor of Science degree from Syracuse University and
a Master of Business Administration with a concentration in finance
from the William E. Simon Graduate School of Business
Administration at the University of Rochester. In addition to
attaining multiple securities and financial planning licenses and
designations, Ms. Hamblin is engaged with numerous philanthropic
and volunteer activities.
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 1,600 global safety and
industrial supply distributors. Our authorized distributors supply
end users, such as integrated oil, chemical/petrochemical,
automobile, 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. Sales are made to more than 50
countries, the majority of which were into the United States,
China, the European Economic Community ("EEC"), Canada, Chile,
Argentina, Russia, Kazakhstan, Colombia, Mexico, Ecuador, India,
Uruguay and Southeast Asia.
For
more information concerning Lakeland, please visit the Company
online at www.lakeland.com.
Contacts:
Lakeland
Industries, Inc.
256-445-4000
Allen
Dillard
aedillard@lakeland.com
Darrow
Associates
512-551-9296
Jordan
Darrow
jdarrow@darrowir.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 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 well
as the uncertain impact of the COVID-19 pandemic. 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 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," "projected," "planned,"
"intended," "anticipated," "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.