[SCHEDULE 13G] LAKELAND INDUSTRIES INC SEC Filing
Rhea-AI Filing Summary
Brian David Lempel filed a Schedule 13G reporting beneficial ownership of 793,743 shares of Lakeland Industries Inc (CUSIP 511795106), representing 8.3% of the class. The filing shows Mr. Lempel has sole voting and dispositive power over all reported shares. The statement notes the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The filing lists the issuer's principal office in Huntsville, Alabama, and Mr. Lempel's residence in Berkeley, California.
Positive
- Reported ownership exceeds 5%, with an 8.3% stake disclosed, meeting materiality thresholds for investor attention
- Sole voting and dispositive power over 793,743 shares provides clarity about who controls those voting rights
- Filer certified passive intent, stating shares are held in the ordinary course and not to change or influence control
Negative
- None.
Insights
TL;DR A passive investor disclosed an 8.3% stake with full voting and disposition authority, a notable minority holding but described as non-control.
The Schedule 13G shows a meaningful 8.3% position by one individual, which can attract investor attention due to size but is explicitly filed as passive: the filer certifies the shares were acquired and are held in the ordinary course of business and not to influence control. The holder reports sole voting and dispositive power over 793,743 shares, confirming concentrated ownership that could affect liquidity and block transactions if the holder chooses to act.
TL;DR Disclosure is compliant and indicates a significant stake without stated intent to pursue control or coordination with others.
The filing follows Schedule 13G format and includes required details: issuer identity, CUSIP, filer name and addresses, percent ownership, and certification of passive intent. The explicit certification that the position is not held to influence control is important for governance signaling; however, the filing does not provide further information on plans or affiliations beyond sole ownership and control of voting/dispositive rights.