06/18/2026 | Press release | Distributed by Public on 06/18/2026 14:20
The Board of Directors of Lakeland Industries, Inc. (the "Company") adopted the Lakeland Industries, Inc. 2026 Equity Incentive Plan (the "2026 Plan") on May 5, 2026 and submitted the 2026 Plan for stockholder approval at the 2026 Annual Meeting of Stockholders of the Company on June 16, 2026 (the "Annual Meeting"). The Company's stockholders approved the 2026 Plan at the Annual Meeting.
A detailed description of the terms of the 2026 Plan was set forth in Proposal 4 in the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission (the "Commission") on May 7, 2026, which description is incorporated herein by reference and is qualified in its entirety by reference to the full text of the 2026 Plan, a copy of which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
At the Annual Meeting, the Company's stockholders voted on four proposals. A brief description of and tabulation of votes for each proposal are set forth below. Voting results are, when applicable, reported by rounding fractional share voting to the nearest whole share.
Proposal 1. Class I directors were elected to serve for three years expiring at the Company's 2029 Annual Meeting of Stockholders and until each of their respective successors is duly elected and qualified, by the votes set forth below. There were 1,685,808 broker non-votes with respect to the proposal.
|
Nominee |
For |
Withheld |
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|
Ronald Herring |
6,791,048 |
229,799 |
||||||
|
Melissa Kidd |
6,512,700 |
508,147 |
||||||
|
Lee D. Rudow |
6,826,544 |
194,303 |
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Proposal 2. The Company's stockholders ratified the selection of RSM US LLP as the Company's independent registered public accounting firm for the fiscal year ending January 31, 2027. There were no broker non-votes with respect to the proposal.
|
For |
Against |
Abstain |
||||||||
|
8,657,801 |
12,616 |
36,238 |
||||||||
Proposal 3. The Company's stockholders approved, on an advisory (non-binding) basis, the compensation paid to the Company's named executive officers. There were 1,685,808 broker non-votes with respect to the proposal.
|
For |
Against |
Abstain |
||||||||
|
6,064,126 |
131,088 |
825,633 |
||||||||
Proposal 4. The Company's stockholders approved the 2026 Plan. There were 1,685,808 broker non-votes with respect to the proposal.
|
For |
Against |
Abstain |
||||||||
|
6,607,351 |
120,460 |
293,036 |
||||||||
(d) Exhibits
|
Exhibit Number |
Description |
|
|
10.1 |
Lakeland Industries, Inc. 2026 Equity Incentive Plan (incorporated by reference to Exhibit 4.3 to Lakeland Industries, Inc.'s Registration Statement on Form S-8 (File No.333-296827) filed with the Commission on June 16, 2026). |
|
|
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |