Lakeland Industries (LAKE) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on June 12, 2025, with shareholders voting on director elections, auditor ratification, and executive compensation.

• Shareholders of record as of April 14, 2025, are eligible to vote, with 9,511,039 shares outstanding.

• Voting can be done electronically, by phone, fax, or mail, and a majority quorum is required.

Voting matters and shareholder proposals

• Three directors are nominated for election to serve until 2028.

• Ratification of RSM US LLP as the new independent auditor for fiscal year ending January 31, 2026, is proposed.

• Advisory vote on executive compensation (say-on-pay) is included.

• Shareholder proposals for the 2026 meeting must be submitted by January 2, 2026.

Board of directors and corporate governance

• The board consists of seven members, with a majority being independent.

• Four standing committees: Audit, Compensation, Nominating and Governance, and Technology.

• The Technology Committee was established in January 2025 to oversee technology and cybersecurity.

• Board leadership structure combines CEO and Chair roles, with a Lead Independent Director.

• Stock ownership guidelines and anti-hedging/pledging policies are in place.