<SEC-DOCUMENT>0001144204-15-026240.txt : 20150430
<SEC-HEADER>0001144204-15-026240.hdr.sgml : 20150430
<ACCEPTANCE-DATETIME>20150430090556
ACCESSION NUMBER:		0001144204-15-026240
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150429
ITEM INFORMATION:		Cost Associated with Exit or Disposal Activities
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150430
DATE AS OF CHANGE:		20150430

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:		15815553

	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>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v408899_8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 8-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event
reported): April 29, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">__________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Lakeland Industries, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="width: 34%; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>0-15535</B></FONT></TD>
    <TD STYLE="width: 33%; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>13-3115216</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(State or other jurisdiction </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Commission </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(IRS Employer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">of incorporation) </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">File Number)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>701 Koehler Avenue, Suite 7, Ronkonkoma,
New York 11779-7410</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">(Address of principal executive offices)
(Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Registrant&rsquo;s telephone number, including
area code: <B><U>(631) 981-9700</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
Applicable&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Former Name or Former Address, if Changed
Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 96%"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;&nbsp;</B></P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in"><B>Item 2.05.</B></TD>
    <TD><B>Costs Associated with Exit or Disposal Activities.</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On April 29, 2015, the Board of Directors
of Lakeland Industries, Inc. (the &ldquo;Company&rdquo;) determined to exit the Brazilian market. The Company&rsquo;s Brazilian
operations have been unprofitable over the last several years. After extensively considering a number of options and the advice
of Brazilian legal counsel, the Board of Directors approved a sale of the Company&rsquo;s wholly-owned Brazilian subsidiary, Brasil
Industria E Comercio de Roupas E Equipamentos de Protecao Individual LTDA (&ldquo;Lakeland Brazil&rdquo;), to a current officer
of Lakeland Brazil, subject to successful negotiation and entry into a definitive agreement. As further set forth below, it is
intended that the sale involve the assumption of a substantial amount of liabilities by the buyer and additional funding from the
Company. The sale is also subject to the approval of the Company&rsquo;s senior lender, Alostar Bank of Commerce. The Company anticipates
receiving formal approval from the bank in approximately forty-five days. The Company expects that the sale of Lakeland Brazil
will occur during the second quarter of fiscal 2016. There can be no assurances that the sale will be successfully consummated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company&rsquo;s annual report on Form
10-K for the year ended January 31, 2015 (&ldquo;2015 Form 10-K&rdquo;) is expected to reflect (i) a prior period adjustment to
Lakeland Brazil&rsquo;s balance sheets as at January 31, 2013 and January 31, 2014 of US $1.3 million in connection with Lakeland
Brazil&rsquo;s lawsuit against the federal Brazilian government challenging the constitutionality of a federal tax imposed on a
state tax since 2002 and primarily related to judicial deposits made by Lakeland Brazil since 2006, (ii) a prior period adjustment
to its balance sheets as at January 31, 2013 and January 31, 2014 of US $1.9 million related to a credit against future VAT taxes
payable by Lakeland Brazil to the Brazilian government, and (iii) a prior period adjustment of US $0.7 million to Lakeland Brazil&rsquo;s
balance sheets as at January 31, 2013 and January 31, 2014 as a reduction to the US dollar amount of the VAT liability. More specifically,
in its prior fiscal years, Lakeland Brazil recorded the aforementioned US $1.3 million judicial deposit as an asset, but without
a contra reserve account, based upon it being highly probable that US $339,000 in taxes and US $1,011,000 in judicial deposits
would be returned to Lakeland Brazil. As the Company subsequently determined that the accounting standards require a contra account
in the full amount of the asset, as the collection of this asset is not certain, a decision was made to adjust the balance sheets
to record such contra account. Also, in the prior fiscal years, based upon similar assumptions, a US $1.9 million credit was recorded
in 2010 for overpayment of VAT taxes as a contingent asset. This VAT tax credit was a result of payments made by Lakeland Brazil
for VAT taxes, at a discounted rate, to its neighboring State of Pernambuco, which taxes were thereafter challenged by the State
of Bahia for the full amount to be paid to that State. It has since been determined that Lakeland Brazil is entitled to a VAT tax
credit against payment of future VAT taxes upon payment of the taxes into amnesty. Yet, because the possibility exists that the
VAT tax credit could be opposed by the Brazilian government, however remote, and despite Lakeland Brazil not being challenged by
the government on a similar earlier claim for VAT taxes, it was determined that the accounting rules prohibit this credit from
being recorded as a contingent asset and therefore the Company is adjusting the balance sheets as at January 31, 2013 and January
31, 2014 accordingly. It should be noted that these assets would have been eliminated in any case in the event of the effectuation
of the proposed sale of Lakeland Brazil. The VAT liability was not entered on Lakeland Brazil&rsquo;s books in earlier years but
was treated as a consolidation entry and, accordingly, was not adjusted by the changing foreign exchange rates. This will be a
favorable adjustment and will reduce the liability in US dollars. These adjustments will be made directly to Lakeland Brazil&rsquo;s
balance sheets as at January 31, 2013 and January 31, 2014 to retained earnings or to Other Comprehensive Income, will have no
net impact on the Company&rsquo;s income statements or earnings (loss) per share for the fiscal years ended January 31, 2014 and
January 31, 2015 and will be set out in detail in the 2015 Form 10-K. It should also be noted that the Form 12b-25 being filed
by the Company to report the delayed filing of the 2015 Form 10-K will disclose, as required by the SEC rules related to this Form
for significant changes in operations, a substantially improved fiscal fourth quarter 2015 financial results as compared to the
prior year&rsquo;s fiscal fourth quarter due in part to an increase in sales of specialty protective suits worn by healthcare workers
and others in view of the recent Ebola crisis and otherwise overall strengthening of the Company&rsquo;s operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Beginning in the first fiscal quarter of
2016, historical and future financial results from the Brazilian operations will be reflected as discontinued operations in accordance
with Generally Accepted Accounting Principles (&ldquo;GAAP&rdquo;). Discontinued operations accounting will entail the reclassification
of all of the financial results of Lakeland Brazil within the consolidated financial results of the Company, and a restatement
of prior periods to reflect the same treatment. The Company&rsquo;s global operations, excluding Brazil, will be shown in financial
reports as Continuing Operations, with the operations of Lakeland Brazil presented as a separate line item under Discontinued Operations.
Further enhancements will be realized from a worthless stock deduction for Brazil that the Company will claim which it anticipates
will generate a benefit for USA taxes of approximately US $9.5 million net of a US $3.1 million valuation allowance. The Company
has yet to determine whether this USA tax benefit will be reflected in the Company&rsquo;s financial results for the fourth quarter
of fiscal 2015 or the first quarter of fiscal 2016, but will advise as such when the Company issues its earnings. This will mean
that the Company will not be expected to have to pay cash taxes in the USA for years to come (although there will be such charges,
non-cash, for accounting purposes) and will result in enhanced Free Cash Flow (earnings before interest, taxes, depreciation and
amortization, less cash paid for income taxes and less capital expenditures) as the USA generates profits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Lakeland Brazil is currently named in numerous
labor proceedings in Brazilian courts in which plaintiffs are seeking a total of nearly US $8,000,000 in damages from Lakeland
Brazil. The Company believes many of these claims are without merit and the amount of damages being sought is significantly higher
than any damages which may have been incurred. The Company estimates these claims can ultimately be resolved for less than US $1,000,000,
but it is reasonably possible that the amount may be as high as US $1,500,000. Upon a sale of Lakeland Brazil, the buyer would
assume these liabilities, as well as Lakeland Brazil&rsquo;s VAT tax liabilities. In order to effectuate a sale and aid the buyer
to meet these and other liabilities, it is anticipated the Company would contribute funding of slightly less than US $1,600,000
to the buyer, subject to possible repayment from the buyer and possible recoupment through a land sale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company currently estimates that it
will incur total pre-tax exit and disposal costs of approximately US $1.9 million, consisting of approximately US $1.6 million
of funding to the buyer in connection with the sale of Lakeland Brazil and approximately US $300,000 for legal and accounting fees
and expenses. The foregoing are estimates only. Actual amounts will not be known until the Company has fully implemented the proposed
sale transaction. The Company anticipates its contribution to the buyer will go towards payment of severance costs, taxes, supplier
termination fees, VAT tax litigation fees, labor court claims and other of the buyer&rsquo;s transaction costs and expenses. The
Company expects to accrue the full amount of the expected exit and disposal costs during the second fiscal quarter of 2016 concurrent
with the expected closing of the sale transaction. The Company believes these amounts will be more than offset by the anticipated
benefit for USA taxes as described above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company expects an aggregate net gain and an overall increase to stockholders equity
as a result of the matters discussed in this Form 8-K, which will be reported over several reporting periods.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A copy of the press release announcing the
Company&rsquo;s determination to sell Lakeland Brazil is attached to this Current Report on Form 8-K as Exhibit 99.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>This current report on Form 8-K contains forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the expected financial effect
of the exit plan and related estimate of charges and expenses. Statements that may be considered forward-looking include statements
incorporating terms such as &quot;expects,&quot; &quot;believes,&quot; &quot;intends,&quot; &ldquo;estimates&rdquo;, &ldquo;forecasts,&rdquo;
&quot;anticipates,&quot; &ldquo;may,&rdquo; &ldquo;should&rdquo;, and similar terms that relate to future events, performance,
or results of the Company. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results
to differ materially from the historical experience of the Company and management's present expectations or projections, including
unexpected adjustments made in connection with the preparation and review of the Company's financial statements. Management believes
these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements,
which are based on current expectations. Further, forward-looking statements speak only as of the date they are made, and management
undertakes no obligation to update publicly any of them in light of new information or future events.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in"><B>Item 9.01.</B></TD>
    <TD><B>Financial Statements and Exhibits.</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in; text-align: justify">(d)&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: justify">Exhibits.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.5in">99.1</TD>
    <TD>Press Release, dated April 30, 2015.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">LAKELAND INDUSTRIES, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/<I>s/ Gary Pokrassa</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Gary Pokrassa</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><P STYLE="margin: 0pt 0">Chief Financial Officer</P>


</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated: April 30, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%">Exhibit</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 85%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">Number</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>99.1</TD>
    <TD>&nbsp;</TD>
    <TD>Press Release, dated April 30, 2015.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 6; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v408899_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: left">&nbsp;<IMG SRC="image_001.jpg" ALT="LakelandLogo" STYLE="height: 107px; width: 180px"></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: left; margin-left: 8.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; margin-left: 4.25in"><B><I>701-7
Koehler Avenue, Suite 7 - Ronkonkoma, NY 11779</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; margin-left: 4.25in"><B><I>(631)
981-9700 - <U>www.lakeland.com</U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; margin-left: 4.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Lakeland Industries Determines to Exit
Brazil</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>Discontinued Operations Accounting
Treatment to be Implemented in the First Quarter of Fiscal 2016</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>Tax Benefit in Excess of $9.5 Million
Expected</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>Company Delays Reporting of Form 10-K
for 2015 Fiscal Year Ended January 31, 2015</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">RONKONKOMA, NY -- April 30, 2015 -- Lakeland
Industries, Inc. (NASDAQ: LAKE), a leading global manufacturer of industrial protective clothing for industry, municipalities,
healthcare and to first responders on the federal, state and local levels, today announced its decision to exit Brazil. As part
of its exit strategy, the Board of Directors, after extensively considering a number of options and the advice of its Brazilian
legal counsel, approved a sale of the Brazilian operations, which have been unprofitable for the last several years, to a current
officer of its Brazilian subsidiary, subject to negotiation and entry into a definitive agreement. The sale would involve the assumption
of a substantial amount of liabilities by the buyer and additional funding from the Company. Any such sale or other action is subject
to the approval of the Company&rsquo;s senior lender, Alostar Bank of Commerce. Based upon management&rsquo;s discussions with
Alostar, the Company anticipates receiving formal approval from the bank in approximately forty-five days. With this exit from
Brazil and certain other matters, the Company expects to make the following filings with the Securities and Exchange Commission:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">A Form 8-K to detail the Company&rsquo;s plans for an orderly exit and transition out of Brazil.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">A Form 12b-25 to report the delayed filing of this year&rsquo;s annual report on Form 10-K as a
result of the ongoing exploration of strategic alternatives by the Company in respect of its Brazilian operations and the additional
time required by the Company to determine the disclosures associated with accounting for the discontinued Brazilian operations
and related issues. The Company expects to announce its fiscal 2015 year-end results as soon as practical and will issue an earnings
release and conference call advisory announcing the timing for the release upon the finalization of the financial statements. As
required by the SEC rules related to this Form for significant changes in results of operations, the Company will disclose substantially
improved fiscal fourth quarter 2015 financial results as compared to the prior year&rsquo;s fiscal fourth quarter due in part to
an increase in sales of specialty protective suits worn by healthcare workers and others in view of the recent Ebola crisis and
otherwise overall strengthening of the Company&rsquo;s operations.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">This year&rsquo;s Form 10-K is expected to reflect (i) a prior period adjustment to its Brazilian
subsidiary&rsquo;s balance sheets as at January 31, 2013 and January 31, 2014 of US $1.3 million in connection with its lawsuit
against the federal Brazilian government since 2002 and primarily related to judicial deposits made by the Brazilian subsidiary
since 2006, (ii) a prior period adjustment to its balance sheets as at January 31, 2013 and January 31, 2014 of US $1.9 million
related to a credit against future VAT taxes payable by the Brazilian subsidiary to the Brazilian government, and (iii) a prior
period adjustment of US $0.7 million to the Brazilian subsidiary&rsquo;s balance sheets as at January 31, 2013 and January 31,
2014 as a reduction to the US dollar amount of the VAT liability. More specifically, in its prior fiscal years, the Brazilian subsidiary
recorded the aforementioned US $1.3 million judicial deposit as an asset, but without a contra reserve account, based upon it being
highly probable the judicial deposit would be returned to it. As the Company subsequently determined that the accounting standards
require a contra account in the full amount of the asset, as the collection of this asset is not certain, a decision was made to
adjust the balance sheets to record such contra account. Also, in the prior fiscal years, based upon similar assumptions, a US
$1.9 million credit was recorded in 2010 for overpayment of VAT taxes as an asset. Because the possibility exists that the VAT
tax credit could be opposed by the Brazilian government, however remote, it was determined that the accounting rules prohibit this
credit from being recorded as a contingent asset and therefore the Company is adjusting the balance sheets as at January 31, 2013
and January 31, 2014 accordingly. It should be noted that these assets would have been eliminated in any case in the event of the
effectuation of the proposed sale of the Company&rsquo;s Brazilian subsidiary. The VAT liability was not entered on the Brazil
subsidiary&rsquo;s books in earlier years but was treated as a consolidation entry and, accordingly, was not adjusted by the changing
foreign exchange rates. This will be a favorable adjustment and will reduce the liability in US dollars. These adjustments will
be made directly to the Brazilian subsidiary&rsquo;s balance sheets as at January 31, 2013 and January 31, 2014 to retained earnings
or to Other Comprehensive Income, will have no net impact on the Company&rsquo;s income statements or earnings (loss) per share
for the fiscal years ended January 31, 2014 and January 31, 2015 and will be set out in detail in this year&rsquo;s annual report
on Form 10-K.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Commencing with its first fiscal quarter 2016 Form 10-Q, historical and future financial results
from the Brazilian operations will be reflected as discontinued operations in accordance with Generally Accepted Accounting Principles
(&ldquo;GAAP&rdquo;). Discontinued operations accounting will entail the reclassification of all of the financial results of the
Brazil operations within the consolidated financial results of the parent company, and a restatement of prior periods to reflect
the same treatment. The global operations of Lakeland Industries excluding Brazil will be shown in financial reports as Continuing
Operations, with the operations in Brazil presented as a separate line item under Discontinued Operations. Further enhancements
will be realized from a worthless stock deduction for Brazil that the Company will claim which it anticipates will generate a benefit
for USA taxes of approximately US $9.5 million net of a US $3.1 million valuation allowance. The Company has yet to determine whether
this USA tax benefit will be reflected in the Company&rsquo;s financial results for the fourth quarter of fiscal 2015 or the first
quarter of fiscal 2016, but will advise as such when the Company issues its earnings. This will mean that the Company will not
be expected to have to pay cash taxes in the USA for years to come (although there will be such charges, non-cash, for accounting
purposes) and will result in enhanced Free Cash Flow (earnings before interest, taxes, depreciation and amortization, less cash
paid for income taxes and less capital expenditures) as the USA generates profits.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the course of its operations in
Brazil, the Company&rsquo;s Brazilian subsidiary has been named in numerous labor proceedings in Brazilian courts in which plaintiffs
are seeking a total of nearly US $8,000,000 in damages from the Brazilian subsidiary. The Company believes many of these claims
are without merit and the amount of damages being sought is significantly higher than any damages which may have been incurred.
The Company estimates these claims can ultimately be resolved for less than US $1,000,000, but it is reasonably possible that the
amount may be as high as US $1,500,000. In the case of a sale of the Company&rsquo;s Brazilian subsidiary, the buyer would assume
these liabilities, as well as the Brazilian subsidiary&rsquo;s VAT tax liabilities. In order to effectuate a sale and aid the buyer
to meet these and other liabilities, it is anticipated the Company would contribute funding of slightly less than US $1,600,000
to the buyer, subject to possible repayment from the buyer and possible recoupment through a land sale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company currently estimates that it
will incur total pre-tax exit and disposal costs of approximately US $1.9 million, consisting of approximately US $1.6 million
of funding to the buyer in connection with the sale of the Brazilian subsidiary and approximately US $300,000 for legal and accounting
fees and expenses. The foregoing are estimates only. Actual amounts will not be known until the Company has fully implemented the
proposed sale transaction. The Company anticipates its contribution to the buyer will go towards payment of severance costs, taxes,
supplier termination fees, VAT tax litigation fees, labor court claims and other of the buyer&rsquo;s transaction costs and expenses.
The Company expects to accrue the full amount of the expected exit and disposal costs during the second fiscal quarter of 2016
concurrent with the expected closing of the sale transaction. The Company believes these amounts will be more than offset by the
anticipated benefit for USA taxes as described above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company expects an aggregate net gain and an overall increase to stockholders
equity as a result of the matters discussed in this press release, which will be reported over several reporting periods.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Christopher J. Ryan, President and Chief
Executive Officer of Lakeland Industries, commented, &ldquo;Once fully implemented, the plan to exit from our operations in Brazil
is expected to deliver multiple benefits. These advantages are worth the more complex accounting work and potential continuing
liabilities from, among other things, labor disputes, VAT taxes and other issues faced by the Company in Brazil. The Company&rsquo;s
financial performance will be improved since we will be formally discontinuing operations and thereby removing the Brazil business
unit&rsquo;s contributions which in recent years had been experiencing net losses amid declining revenues. The end results anticipate
the removal of a business that has been a drain on management&rsquo;s time and our consolidated financial performance for the past
several years, and that ultimately our actions will favorably contribute to improvements in net income and cash flow.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Lakeland Industries, Inc.:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Lakeland Industries, Inc. (NASDAQ: LAKE)
manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing market.
The Company&rsquo;s products are sold by a direct sales force and through independent sales representatives to a network of over
1,200 safety and mill supply distributors. 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. 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. For more information concerning Lakeland, please visit the Company online at <U>www.lakeland.com</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Contacts:</B></FONT></TD>
    <TD STYLE="width: 50%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Lakeland Industries</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Darrow Associates</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">631-981-9700</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">631-367-1866</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Christopher Ryan, <U>CJRyan@lakeland.com</U></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Jordan Darrow, <U>jdarrow@darrowir.com</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Gary Pokrassa, <U>GAPokrassa@lakeland.com</U></FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 40.5pt 0pt 0; text-align: center"># # #</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 40.5pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;Safe Harbor&rdquo; 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. All statements, other than statements
of historical facts, which address Lakeland&rsquo;s expectations of sources or uses for capital or which express the Company&rsquo;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&rsquo;s future results will not be materially different from
those described herein as &ldquo;believed,&rdquo; &ldquo;projected,&rdquo; &ldquo;planned,&rdquo; &ldquo;intended,&rdquo; &ldquo;anticipated,&rdquo;
&ldquo;estimated&rdquo; or &ldquo;expected,&rdquo; 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&rsquo;s expectations or any change in events conditions or circumstances on which such statement is based.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!PD'!@H)"`D+"PH,#QD0#PX.
M#QX6%Q(9)"`F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$!`)C!&2T4^2CD_0#W_
MVP!#`0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P``1"`!K`+0#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#V:BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`::*6B@!:*
M**`"BDSB@$&@!:***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`:>O0T4'-%`#J;N%.KFO$6OG3+ZWM,8CF0F63'*@Y`Q]#S2;25V*4N57)-;\
M50::B"W43O*K;&!^4$''/XU@>&O$<D.JS-J4Y,=P,EF_A;M@5D.WD1'3KY>(
MR3#*O5,]QZJ:C@6SAV2W4C2L.?*B''_`F/3\*YW-MW.9S;=SUE6S7*:W\2]`
MT#59=.OI+@7$6-P2$L.1D<UI^&+^XU#2A-=X#ESM&,?+V_"O#OBD,_$34?\`
M=C_]!KH3NKG2G=7/=?#GB2P\4Z<U[IC2-"LAC)="IR.O'XUJYKSSX)_\B5+_
M`-?<G\A4WQ#^(=WX,U*SMK:R@N%N(C(3(Y4C!QVIC.]S7.>)/'FC>%;R*UU1
MYEEE3S%$<188SBO-G^.6K,/W>DV(]<R,:P_B#XA7Q2^BZHL7E-):NLD><A65
M^<>U`'N7AWQ+8>*-/>]TQI&A60QDNA4Y'M^-:V:^?_#_`(XO?"'@ZWBTU('G
MN+R9G\Y20%`4#I6M%\8]931YIKBVM'N9)/+@"H0J@#+,>>>N,4`>UU@^)?&.
ME^$UMVU5IE%P2(_+C+9QUZ5Y+_PNCQ)_SQL,_P#7-O\`&J/C'QA-XP\/:7-=
MP+%=6]Q)'(8_NME0010![3X:\8:7XL2X;2WE86Y`?S(RO7I6YFOG_P`%>*Y_
M!WAK5+^WMX[AY+R*$I(Q``*$YX^E:I^.>JD?+I-B#ZF1B*`/:\T9KR&?XP:A
M/X6^VVMK;0W\5T(948%D*%201W[5G1?&?6_L-RTL-E]HW((`$.,<[B>?I0![
M?FLK7O$VF>&;:*?5K@P1ROL0A"V3C/85Y]8?&&1O"%W>75DC:E;R+$J(2(WW
M=&]L8Y%<'XH\>:KXNLX;;48[94AD\Q?)4@YQCN?>@#W?0/&.C>)I9X])NC,T
M`#2`QLN`>G4>U;E>-_`P?\3'6?\`KE%_-J]C'2@!#10>M%(!U<;XWTTW#PW,
M39E5"#%W*CDD#OC-=C7,>-(D^QV]QYSP31/^[D7.`2.A/;ZU,U>)%3X3B%F\
MVW\F1A\G,1/4?[.?2I5FM;7'EP"YE'627[@/LHZ_C3[B(WC([;$N"VV8YPI&
M,[_\:L6<-N\RQV5A-?RG`\R7(3Z[1V^IKGL[G,CH/!8N[R[NM1N68HR")3C`
M.#V'H*\C^*7_`"434?\`=C_]!KZ%@B6"%$5%4*H&%&`/I7CGC[P#XAUKQG>W
MVGV`EMI53:_FJ,X'/!-=,596.J*LK&E\)O$NCZ-X2D@U+4;>VF-T[!)'P<<8
M--^(_C31!/8_9]+T_6)9(2ZW$QRB+NQ@8Z\@UQA^%GBSOI:'_MLG^-;>I?"[
M7Y_#>D/!;1_;;:-XIX#(`<%R5(/0\&J*.+UJ4W9M+W[-:6JW$9*Q6L>Q0%;'
M(]:;?G&BZ,,_P3?^C!73R?"CQ4;6U"V\;G:Q:-IE'E<]!]>M/OOAEXH;3-,@
M2P1Y($E$@$RX&Y\COZ4`<.PD\I"P;RR3LSTSWK9U9+1/"NA&S9G+/<&8L,'?
MN'%=+-\,_$+^$K.)=/7[?%=RED\U?]6P&#GZBHH?A9XEGT65);18[B"7?%&T
MJD2*P^8`]B,=Z`.?TKPWJ.O:7OTZV@;RICODDG5">/NX)IVM:%?Z#HEM%J*1
M(\MTS*(Y5DR`@ZXZ5?\`^%6^+>/^)8/^_P"O^-3GX8^*_P"SEB_LT;Q-NQYR
M]-N/6D!7\,ZS8Z-X4U)K[3(M2\V[C6*&8X16"'YC^%9>KZD-7LUGCTW3K&..
M;8%M8RI8D9Y.>1Q76V7PM\03^%KVVFMT@O%N4FA1Y01(-N&&1T/UJB/A-XJ^
MQD_9H0YD_P!4)UQC'WL_I3`YJ'CPO>?]?D7_`*`U,M8(VT/4960&2.2$(W=0
M<Y_.NN_X5EXHBT&XMS81M+)<QR*JS*?E"L"?U%-MOAKXICT74('TY1++)"47
MSEY`SGG/O0!R]L/^*7U+_KY@_K5/8G]G%\#S/."YSSC:3_.O0=&^%NNSZ'JM
MG?0I:3R&.2V9I`RNRDY!QTK)'PJ\4_9I':P7S5<*J>:OS#G)SGM0!T7P+_Y"
M.L_]<HOYM7LE>9_"CPGK'AJ]U.35K40+-'&L9WALD%L]/K7I8Z4`(>M%!/-%
M2`ZH;BUANH'AGC62-Q@J>AJ:BJ`XJ708(/$T=M9HKA(&F6.;E0<X`^E:MAK4
MMP)K":T-E?A#Y:X^1CV(-;'V&W^V_;/*'VC9Y>_)SM]*GP/2I4;;&:A9W1B>
M%;?6;?39%UZ82W!E8H<@D)V!(Z]ZYK4KJ9?#7C9A/*&BN'6,ASE!M7IZ?A7H
M&!49MX2KJ8HRLARX*C#?7UJC0X&]OK[2H=)T:^GE=FO+=K2[R<SQ9Y1B/XAW
M]1S5N<:=<>.-;36+GRXH;>`QA[AHPF0V2`".:[1X(I-GF1(VPY7<H.T^WI4<
MMC:S2B66VA>0?QM&"?SH`XI[F^?X=ZE(9;AXXIS]DG;(E>`2+ACWZ9Y[@5H:
MWJ,5[K7AJ+3[H2EKDRR+#)G,80Y+8[9(ZUUA4$8(&,8Q4,-C:VS%H+:&)B,$
MH@!/Y4`<9K;PZ/K%SJ-Y+%J-N\T:F$7!6:V/`"H@.&]<<&KOB[3;9[K2K@B5
M9+B_BBD*RNNY-K<$`X["NE-C:F?SS;0F;.?,,8W9^M2M&C[=Z*VTY&1G!]10
M!RGB6Q$4VAV%G%OC,T@\EYW17PA/+#GK69!=3+\.]1W7,RW45R5DA9CNM3Y@
M_=@GD@#H3U!KOS&C,K,H++T)'3Z4PV\)WYBC/F'+Y4?,??UH`X[Q05D\964,
MIB:(V,C>7/<M"A.\<Y'4U=UVR:ZMM+:WO;:)(,M]EEG(CN/EQC>#GCJ#^==%
M<65K=$&YMH9B.GF(&Q^=))8VLL:1R6T+HGW59`0OT':@#)\.:O97'A\7*1_8
M[>*1HV$DFY=P;!*N?O`GH:BN97'Q`LXO,;RSI\K%,_*3O'.*V;K3+.\MDM[B
MW1X$=76/&%!4Y'`]#4YB0R"0HI<#`;'./3-`'FMC?7FB^#[F]GGGGT^^CN-T
MC.6:TFRP4@]=AP/H:U[ZX?\`L_PU#?7,L.F3Q#[7,KE=S[`45GZ@$Y^M=B;>
M$PF$Q1^4004VC:<]>*5H(GB\IHT,>,;".,>F*`*.F6^FVYE_LYHR3C?ME+_3
MJ3BM$=*B@L[>US]G@BBW==B!<_E4U`#3UHH/6BI;0QU%%%4(****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`&FBE-%2T,6BDHIW$+12
M447`6BDHHN`M%)11<!:*2BBX"T4E%%P%HI**+@+12447`6BDHHN`M%)11<!:
..*2BBX"8/:BES13`__]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
