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<SEC-DOCUMENT>0001144204-11-011776.txt : 20110301
<SEC-HEADER>0001144204-11-011776.hdr.sgml : 20110301
<ACCEPTANCE-DATETIME>20110301090157
ACCESSION NUMBER:		0001144204-11-011776
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110301
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110301
DATE AS OF CHANGE:		20110301

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:		11649149

	BUSINESS ADDRESS:	
		STREET 1:		701-7 KOEHLER AVENUE
		CITY:			RONKONKOMA
		STATE:			NY
		ZIP:			11779
		BUSINESS PHONE:		6319819700

	MAIL ADDRESS:	
		STREET 1:		701- 7 KOEHLER AVENUE
		CITY:			RONKONKOMA
		STATE:			NY
		ZIP:			11779
</SEC-HEADER>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED STATES</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington, D.C. 20549</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT REPORT</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

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<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item 5.02</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></div>
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<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Lakeland Industries, Inc. announced the retirement of Raymond J. Smith as Chairman of the Board effective February 25, 2011. Mr. Smith is a co-founder of the Company and served as its Chairman since 1982.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Lakeland announced that Stephen M. Bachelder, a member of the Board of Directors of Lakeland Industries since 2004, has been appointed to replace Mr. Smith as Chairman.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Lakeland&#8217;s Board has unanimously nominated Mr. Thomas McAteer to fill Mr. Bachelder&#8217;s vacated seat.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The retirement of Mr. Smith and the nomination of Mr. McAteer keeps the Company&#8217;s total number of directors to 7, a majority (being 6 of 7) of which are defined as independent in accordance with NASDAQ regulations.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Thomas McAteer serves as a Senior Vice-President and Regional Market Head for Aetna Better Health, Aetna&#8217;s Medicaid Division.&#160;&#160;He is responsible for the East Region and he has led an expansion that has seen growth of over 200% over the past three years. Tom earned his BA and MBA from Hofstra University where he taught Business Ethics in the Graduate School of Business in 2006. In 1995, he completed <font style="DISPLAY: inline; FONT-STYLE: italic">Managing the Enterprise</font> a post-graduate program at Columbia University School of Business.&#160;&#160;In 2000, he was awarded an honorary doctorate of Commercial Sciences from Dowling College.&#160; Mr. McAteer's qualifications to serve on our
board include his extensive experience as&#160;a CEO in the highly regulated health care space, experience with mergers and acquisitions, and his experience consulting to senior executives.</font></div>

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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Financial Statements and Exhibits.</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press release issued by Lakeland Industries, Inc., dated March 1, 2011, titled &#8220;Lakeland Industries Appoints Stephen M. Bachelder as Chairman of the Board Following Retirement of Raymond J. Smith&#8221;</font></div>
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<div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>

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<td align="left" nowrap valign="top" width="35%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">/s/&#160;Christopher J. Ryan</font></td>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Exhibit 99.1</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">701-7 Koehler Avenue, Suite 7 - Ronkonkoma, NY 11779</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 90pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">(631) 981-9700 - </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; TEXT-DECORATION: underline">www.lakeland.com</font></font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 18pt" align="right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">FOR IMMEDIATE RELEASE</font></font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0.9pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Lakeland Industries Appoints Stephen M. Bachelder as Chairman of the Board Following Retirement of Raymond J. Smith</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0.9pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Thomas McAteer Nominated to Board of Directors</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">RONKONKOMA, NY &#8211; February 28, 2011 -- Lakeland Industries, Inc. (NASDAQ: LAKE), a market leader in protective apparel, today announced the retirement of Raymond J. Smith as Chairman of the Board, effective February 25, 2011.&#160;&#160;Mr. Smith is a co-founder of the Company and served as its Chairman since 1982.&#160;&#160;Stephen M. Bachelder, a member of the Board of Directors of Lakeland Industries since 2004, has been appointed to replace Mr. Smith as Chairman.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">Lakeland&#8217;s Board has unanimously nominated Mr. Thomas McAteer to fill Mr. Bachelder&#8217;s vacated seat.&#160;&#160;With these changes, Lakeland&#8217;s Board will be comprised of seven members, all of whom with the exception of Christopher J. Ryan, the Company&#8217;s President and Chief Executive Officer, are independent </font><font style="DISPLAY: inline; FONT-SIZE: 10pt">as defined by Securities &amp; Exchange Commission and NASDAQ rules</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;On behalf of the Company and its shareholders, I thank Ray for his nearly 30 years of dedication and service to Lakeland Industries,&#8221; said President and Chief Executive Officer Christopher J. Ryan.&#160;&#160;&#8220;We are grateful for his leadership that spans Lakeland&#8217;s formative years as a domestic manufacturer and distributer of a limited line of coveralls to the present day as a diversified protective apparel market leader with operations in major and emerging markets around the world.&#160;&#160;We wish Ray the very best in his well deserved retirement.&#8221;</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr. Ryan continued, &#8220;We appreciate Stephen Bachelder assuming the role of Chairman of the Board of Lakeland Industries.&#160;&#160;A member of our Board for seven years, Stephen has been integral in setting the course for Lakeland&#8217;s pursuit of global diversification.&#160;&#160;Now, with significant progress having been achieved, we look forward to enhancing our position given the abundance of opportunities we are now seeing in the marketplace, particularly in the &#8220;BRIC&#8221; nations.&#160;&#160;To this end, we welcome the addition of Thomas McAteer to the Board, who possesses significant executive level experience and remarkable achievements in building brands and sales
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Serving on Lakeland&#8217;s Board since 2004, Mr. Bachelder<font style="DISPLAY: inline; FONT-STYLE: italic">&#160;</font>was an executive and President of Swiftview, Inc., a Portland, Oregon based software company from 2002-2007. Swiftview, Inc. was sold to a private equity firm in October 2006. From 1991 to 1999 Mr. Bachelder worked in a consulting firm advising technology companies in the Pacific Northwest. Mr. Bachelder was the president and owner of an apparel company, Bachelder Imports, from 1982 to 1991, and worked in executive positions for Giant Foods, Inc. and Pepsico, Inc. between 1976 and 1982. Mr. Bachelder is a 1976 Graduate of the Harvard Business School.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Thomas McAteer is a senior level executive with nearly 30 years of experience, primarily in management, sales and marketing roles within the healthcare industry.&#160;&#160;Mr. McAteer currently leads an eastern regional business unit of Aetna Inc.&#160;&#160;Earlier, he served as the President and Chief Executive Officer of Vytra Health Plans, a major healthcare organization in New York, until it was acquired.&#160;&#160;Mr. McAteer earned a BA and MBA from Hofstra University where he taught Business Ethics in the Graduate School of Business; completed post-graduate program work at Columbia University&#160;&#160;School of Business; and was awarded an honorary doctorate of Commercial Sciences from Dowling
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">About Lakeland Industries, Inc.:</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Lakeland Industries, Inc. (NASDAQ: LAKE) manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing market.&#160;&#160;The Company&#8217;s products are sold by a direct sales force and through independent sales representatives to a network of over 1,000 safety and mill supply distributors.&#160;&#160;These distributors in turn supply end user industrial customers such as chemical/petrochemical, automobile, steel, glass, construction, smelting, janitorial, pharmaceutical, and high technology electronics manufacturers, as well as hospitals and laboratories.&#160;&#160;In addition, Lakeland supplies federal, state, and local government agencies, fire and
police departments, airport crash rescue units, the Department of Defense, the Centers for Disease Control and Prevention, and many other federal and state agencies.&#160;&#160;For more information concerning Lakeland, please visit the Company online at <font style="DISPLAY: inline; TEXT-DECORATION: underline">www.lakeland.com</font>.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"># # #</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;Safe Harbor&#8221; Statement under the Private Securities Litigation Reform Act of 1995:&#160;&#160;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 or made by management.&#160;&#160;All statements, other than statements of historical facts, which address Lakeland&#8217;s expectations of sources or uses for capital or which express the Company&#8217;s expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking
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