secwatch.observer — SEC 8-K summary
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Issuer:     LAKELAND INDUSTRIES INC (LAKE)
CIK:        0000798081
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001654954-23-001229
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lakeland Industries appoints Roger D. Shannon as CFO; Allen Dillard remains COO
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- Roger Shannon named CFO effective Feb 1, 2023; prior CFO/COO Allen Dillard continues solely as COO.
- Employment agreement: $300K base salary, 40% target cash bonus, 24K stock options at $14.44 vesting over 3 years.
- Shannon previously CFO at Charah Solutions and Adtran; holds CPA and CFA designations.
- Severance: 12 months base pay without cause; 24 months plus 2x bonus if terminated within 18 months of change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798081/000165495423001229/0001654954-23-001229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798081/000165495423001229/lake_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-001229

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer