---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-015218"
form_type: "8-K"
ticker: "LAKE"
cik: "0000798081"
company_name: "LAKELAND INDUSTRIES INC"
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T17:35:57.656818+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lakeland Industries acquires Pacific Helmets for NZ$14M

## Summary
- Acquired all shares of Pacific Helmets NZ Ltd for NZ$14M on Nov 30, 2023, via subsidiary Lakeland NZ Ltd.
- Purchase funded through existing line of credit and cash on hand.
- Entered into Amendment No. 3 with Bank of America to consent to acquisition and permit additional indebtedness.
- Amendment waives borrowing base limitations through Jan 31, 2024, and exempts Pacific from certain guaranty/pledge requirements.
- Deal includes customary post-closing adjustments and holdback provisions.

## SEC filing metadata
- accession: 0001654954-23-015218
- form_type: 8-K
- ticker: LAKE
- cik: 0000798081
- company_name: LAKELAND INDUSTRIES INC
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798081/000165495423015218/0001654954-23-015218-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798081/000165495423015218/lake_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-015218
- JSON: https://secwatch.observer/filing/0001654954-23-015218.json
- Plain text: https://secwatch.observer/filing/0001654954-23-015218.txt

## Key facts
- Material Agreements
  LAKELAND INDUSTRIES INC amended Amendment No. 3 to Loan Agreement with Bank of America, N.A. valued at Lender consented to acquisition; amendments to permit additional indebtedness, exempt Pacific from c (effective 2023-11-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: Lender consented to acquisition; amendments to permit additional indebtedness, exempt Pacific from c
  - Effective: 2023-11-30
  source text: On November 30, 2023, the Company entered into Amendment No. 3 to Loan Agreement by and between Bank of America, N.A. (the “Lender”) and the Company (the “Third Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/798081/000165495423015218/0001654954-23-015218-index.htm
- Material Agreements
  LAKELAND INDUSTRIES INC entered into Share Sale and Purchase Agreement with Pacific Helmets NZ Limited valued at Purchase price of NZ$14,000,000 (effective 2023-11-30).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Pacific Helmets NZ Limited
  - Value: Purchase price of NZ$14,000,000
  - Effective: 2023-11-30
  source text: On November 30, 2023, Lakeland NZ Limited, a wholly-owned subsidiary of Lakeland Industries, Inc. (the “Company”), entered into a Share Sale and Purchase Agreement (the “Purchase Agreement”), by and between Pacific Helmets NZ Limited (“Pacific”) and Lakeland NZ Limited, pursuant to which Lakeland NZ Limited acquired all of the shares of Pacific for a purchase price of NZ$14,000,000, subject to post-closing adjustments and customary holdback provisions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/798081/000165495423015218/0001654954-23-015218-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.