United States
Securities and Exchange Commission
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 10, 2004
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Lakeland Industries, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-15535 13-3115216
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(State or other jurisdiction (Commission (IRS Employer of
incorporation) File Number) Identification No.)
711-2 Koehler Avenue, Ronkonkoma, NY 11779-7410 (Address of principal executive
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offices) (Zip Code)
Registrant's telephone number, including area code (631) 981-9700
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(Former name or former address, if changed since last report.)
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Item 5. Other Events and Regulation FD Disclosure
1. On February 10, 2004, Lakeland Industries, Inc. ("Lakeland") issued a press
release that fourth quarter consolidated sales increased by approximately
8.6% over the prior year's fourth quarter.
2. That Lakeland is providing the majority of the protective garments used to
clean up the three senate office buildings in the Capitol where the toxin
Ricin may have been sent, and that sales of the Company's high end chemical
protective suits continues to increase at rates of 55% for the year, while
its Fire Turnout Gear sales have risen 21%.
3. That round 31 of the assistance to Fire Fighters grants was completed on
January 30, 2004 with $651 million of the $750 million appropriated for
2003 has been received by U.S. fire departments. President Bush's new
budget includes an additional $500 million for Grant Programs in 2004.
4. That Lakeland has recently expanded its sales force in Canada, the U.S.,
and China.
5. That Lakeland has begun marketing its woven anti-static clean room garments
and is completing the certification process for the sale of medical
garments in both the Chinese domestic markets and the U.S. and Canadian
markets.
6. That targets to increase gross margins are on track by shifting more
production to the Company's wholly owned Chinese and Mexican subsidiaries.
7. The Company increased its line of credit by an additional $3 million
dollars in anticipation of increased sales in calendar 2004 and beyond.
SIGNATURE
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.
LAKELAND INDUSTRIES, INC.
Date: February 10, 2004 By: /s/ Christopher J. Ryan
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Christopher J. Ryan
President
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EXHIBIT INDEX
Exhibit
Number Description
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99.1 Text of press release issued by Lakeland Industries, Inc., dated
February 10, 2004, and titled "Lakeland Reports Sales for the
Three Months Ended January 31 2004 Increased by 8.6%."