Current Report Filing (8-k)
December 21 2015 - 9:30AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event
reported): December 18, 2015
Lakeland Industries, Inc.
(Exact name of registrant as specified in its
charter)
Delaware | |
0-15535 | |
13-3115216 |
(State or other jurisdiction | |
(Commission | |
(IRS Employer |
of incorporation) | |
File Number) | |
Identification No.) |
3555 Veterans Memorial Highway, Suite
C, Ronkonkoma, New York 11779-7410
(Address of principal executive offices) (Zip
Code)
Registrant’s telephone number, including
area code: (631) 981-9700
Not
Applicable
(Former Name or Former Address, if Changed Since
Last Report)
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:
| ¨ | Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On December 17, 2015, Lakeland Industries, Inc.
(the “Company”) announced that it entered into a Loan Agreement for VAT Payment with its former subsidiary in Brazil,
the purpose of which was to permit such former subsidiary to completely resolve and close the two largest outstanding VAT (value
added tax) claims with the State of Bahia. On December 18, 2015, the Company was notified that the amnesty agreement and payment
were made. Whatever reserves may be needed against the $2.3 million loan will be reported, in the fourth quarter of the current
fiscal year, as loss from discontinued operations and will not impact continuing operations results.
SIGNATURES
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. |
|
|
|
|
|
/s/ Christopher J. Ryan |
|
Christopher J. Ryan |
|
Chief Executive Officer & |
|
President |
Dated: December 21, 2015
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