LAKELAND INDUSTRIES INC 8-K

What Happened

• On February 20, 2026, Lakeland Industries' Board appointed Lee D. Rudow as a Class I director, effective April 9, 2026. His term as a Class I director will expire at the Company’s 2026 Annual Meeting of Stockholders, when he will stand for election. The Board increased its size from seven to eight members and has determined Mr. Rudow to be independent under Nasdaq listing standards. The Company issued a press release about the appointment on February 23, 2026 (Exhibit 99.1 to the 8-K).

Key Details

• Appointment announced by the Board on Feb 20, 2026; effective Apr 9, 2026.
• Board size increased from 7 to 8 members; Mr. Rudow not assigned to any committees at this time.
• Mr. Rudow has served as CEO of Transcat, Inc. since July 2013 (previously COO since Nov 2011) and is retiring from Transcat effective March 28, 2026.
• He will be eligible for Lakeland’s standard non-employee director compensation (annual retainer, potential equity awards and expense reimbursement) per the Company’s 2025 proxy practices.

Why It Matters

• This is a governance update: Lakeland added an independent, experienced industry executive to its Board, which may strengthen board oversight and expertise.
• The appointment is timed with Mr. Rudow’s upcoming retirement from his CEO role at Transcat, reducing potential time conflicts.
• There is no special compensation arrangement or related-party transaction disclosed beyond the Company’s standard non-employee director compensation. Investors should note he must still stand for election at the 2026 Annual Meeting.