Lakeland Industries Amends 10-K to Correct Shares Outstanding by 8.27%
LAKE sits 53% above its 52-week low of $7.15.
Summary
Lakeland Industries filed an amended 10-K to correct an 8.27% error in its reported common shares outstanding, reducing the count from 10.7 million to 9.8 million shares.
Key Events · Corporate Governance and Compliance · LAKE
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Corrected Shares Outstanding
The company amended its Form 10-K to revise the number of common shares outstanding as of April 10, 2026, from an erroneous 10,723,205 to the correct 9,836,286 shares.
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Material Correction
This correction represents an 8.27% reduction in the previously reported share count, providing a more accurate basis for per-share financial analysis.
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Administrative Update
The amendment solely addresses this share count error and does not alter any other financial statements or disclosures from the original 10-K filed on April 16, 2026.
Analysis · LAKE · Industrial Applications And Services
Lakeland Industries filed an amendment to its recent 10-K to correct a material error in the reported number of common shares outstanding. The original filing incorrectly stated 10,723,205 shares, which has now been corrected to 9,836,286 shares. This 8.27% reduction in the reported share count is a significant administrative correction that impacts per-share metrics and provides a more accurate capitalization picture, especially following the recent disclosure of a wider net loss and material weakness in the original 10-K.
At the time of this filing, LAKE was trading at $10.94 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $117.3M. The 52-week trading range was $7.15 to $20.50. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.