1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: On February 17, 2021, the Company’s Board of Directors authorized a new stock repurchase program under which the Company may repurchase up to $5,000,000 of its outstanding common stock.
−Removed: This new program replaced the prior program which had approximately $800,000 remaining for repurchases.
−Removed: On July 6, 2021, the Company’s Board of Directors authorized an increase in the Company’s current stock repurchase program under which the Company may repurchase up to an additional $5,000,000 of its outstanding common stock.
+Added: On February 17, 2021, the Company’s board of directors approved a stock repurchase program under which the Company may repurchase up to $5 million of its outstanding common stock.
+Added: On July 6, 2021, the Board of Directors authorized an increase in the Company’s current stock repurchase program under which the Company may repurchase up to an additional $5 million of its outstanding common stock (the “Existing Share Repurchase Program”).
+Added: On April 7, 2022, the Board of Directors authorized a new stock repurchase program under which the Company may repurchase up to $5 million of its outstanding common stock (the “New Share Repurchase Program”).
+Added: The New Share Repurchase Program will become effective upon the completion of the Existing Share Repurchase Program, which has approximately $0.4 million remaining for repurchases as of April 30, 2022.
+Added: The New Share Repurchase Program has no expiration date but may be terminated by the Board of Directors at any time.
The common shares available for repurchase under the authorizations currently in effect may be purchased from time to time, with consideration given to the market price of the common shares, the nature of other investment opportunities, cash flows from operations, general economic conditions and other relevant considerations.
Repurchases may be made on the open market or through privately negotiated transactions.
−Removed: The following table sets forth purchases made by or on behalf of the Company or any “affiliated purchaser,” as defined in Rule 10b-18(a)(3) of the Exchange Act, of shares of the Company’s common stock during the third quarter of 2022:
+Added: The following table sets forth purchases made by or on behalf of the Company or any “affiliated purchaser,” as defined in Rule 10b-18(a)(3) of the Exchange Act, of shares of the Company’s common stock during the first quarter of 2023:
Purchased (1)
3 unchanged sentences
the Programs (2)
−Removed: August 1 – August 31
−Removed: September 1 – September 30
−Removed: October 1 – October 31
−Removed: Includes withholding of 13,300 restricted shares to cover taxes on vested restricted shares during the third quarter of FY22.
−Removed: The Company has repurchased a total of 271,024 shares of stock under this program as of the date of this filing for $5,894,726, inclusive of commissions.
+Added: February 1 – February 28
+Added: March 1 – March 31
+Added: April 1 – April 30
+Added: Includes withholding of 39,480 restricted shares to cover taxes on vested restricted shares during the first quarter of FY23.
+Added: Represents the amount remaining under the Existing Share Repurchase Program for the February and March periods and the amount remaining under both the Existing Share Repurchase Program and the New Share Repurchase Program as of April 30, 2022.
* Filed herewith
3 unchanged sentences
(incorporated by reference to Exhibit 3.1 of Lakeland Industries, Inc.’s Form 8-K filed April 28, 2017)
−Removed: Investment Agreement, dated as of October 18, 2021, by and among Lakeland Industries, Inc., Inova Design Solutions LTD and the other parties thereto (incorporated by reference to Exhibit 10.1 of Lakeland Industries, Inc.’s Form 8-K filed on October 20, 2021)
Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or 15(d)-14(a) under the Securities Exchange Act of 1934
4 unchanged sentences
Section 1350 pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: The following financial statements from the Quarterly Report on Form 10-Q for the quarter ended October 31, 2021, formatted in Inline XBRL:
+Added: The following financial statements from the Quarterly Report on Form 10-Q for the quarter ended April 30, 2022, formatted in Inline XBRL:
(i) Condensed Consolidated Statements of Income, (ii) Condensed Consolidated Statements of Comprehensive Income, (iii) Condensed Consolidated Balance Sheets, (iv) Condensed Consolidated Statements of Stockholders’ Equity, (v) Condensed Consolidated Statements of Cash Flows, and (vi) Notes to the Condensed Consolidated Financial Statements, tagged as blocks of text and including detailed tags.
2 unchanged sentences
LAKELAND INDUSTRIES, INC.
−Removed: December 9, 2021
/s/ Charles D.
1 unchanged sentence
(Principal Executive Officer and Authorized Signatory)
−Removed: December 9, 2021
+Added: Chief Operating and Financial Officer
(Principal Financial Officer and Authorized Signatory)
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.