Lakeland Industries (NASDAQ: LAKE) sets $360,000 base pay for Interim CFO
Rhea-AI Filing Summary
Lakeland Industries filed an amended report to update compensation details for its Interim Chief Financial Officer, J. Calven Swinea. The Board’s Compensation Committee approved a new base salary of $360,000 for his interim CFO role, effective retroactively to February 1, 2026. This follows his previously disclosed appointment as Interim CFO effective January 1, 2026.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
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FAQ
What change did Lakeland Industries (LAKE) disclose in this 8-K/A?
Lakeland Industries disclosed updated compensation terms for Interim CFO J. Calven Swinea. The filing focuses on his new base salary level approved by the Compensation Committee and makes this change effective as of a specific retroactive date for his interim role.
What is the new base salary for Lakeland Industries’ Interim CFO?
The Interim Chief Financial Officer, J. Calven Swinea, will receive a base salary of $360,000. This amount was approved by the Board’s Compensation Committee and applies specifically to his service in the Interim CFO role at Lakeland Industries, Inc.
When does the new $360,000 salary for LAKE’s Interim CFO take effect?
The new $360,000 base salary for Interim CFO J. Calven Swinea is effective retroactive to February 1, 2026. This means his compensation for the Interim CFO role is adjusted back to cover service starting from that date.
Why did Lakeland Industries file an amended Form 8-K/A?
Lakeland Industries filed the amended report to provide compensation details that were unavailable in the original filing. The amendment discloses the approved base salary for Interim CFO J. Calven Swinea in connection with his previously announced appointment to that role.
Who approved the Interim CFO compensation at Lakeland Industries (LAKE)?
The compensation for Interim CFO J. Calven Swinea was approved by the Compensation Committee of Lakeland Industries’ Board of Directors. This committee is responsible for setting key executive pay arrangements, including base salary changes related to new or interim roles.
When was J. Calven Swinea appointed Interim CFO of Lakeland Industries?
J. Calven Swinea was appointed Interim Chief Financial Officer effective January 1, 2026. The earlier filing reported his appointment, while this amended report supplies the now-approved base salary terms associated with his interim CFO position at Lakeland Industries.