Securities and Exchange Commission
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 15, 2002
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Lakeland Industries, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-15535 13-3115216
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(State or other jurisdiction (Commission (IRS Employer of
incorporation) File Number) Identification No.)
711-2 Koehler Avenue, Ronkonkoma, NY 11779-7410
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(Address of principal executive offices)
Registrant's telephone number, including area code (631) 981-9700
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(Former name or former address, if changed since last report.)
Item 4. Changes in Registrant's Certifying Accountant.
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Items 304(a) (l) (i) and (iii) and Item 304(a) (2) Decision to change
Accountants
On October 15, 2002, the Registrant's Board of Directors dismissed
Grant Thornton, LLP as its independent accountants for its fiscal year
ending January 31, 2003.
Items 304(a)(l)(ii) Prior Independent Accountant's Report
Grant Thornton, LLP's report, as previously issued, on the
Registrant's consolidated financial statements for either of the past
two years did not contain any adverse opinion or disclaimer of
opinion, nor was it qualified or modified as to uncertainty, audit
scope or accounting principles.
Item 304(a)(1)(iii)
The decision to change accountants was recommended and approved by the
Registrant's Audit Committee.
Items 304(a)(l)(iv) Disagreements with Accountants
During the two most recent fiscal years and the subsequent interim
periods through the date of termination (October 15, 2002), there were
no disagreements with Grant Thornton, LLP, the Registrant's former
independent accountants, on any matter of accounting principles or
practice, financial statement disclosure, or auditing scope or
procedures, which disagreements if not resolved to the satisfaction of
Grant Thornton, LLP would have caused it to make reference in
connection with its report to the subject matter of the disagreements.
Item 304(a)(l)(v) Reportable Events
During the two most recent fiscal years and the subsequent interim
periods through October 15, 2002, there have been no reportable events
(as defined in Regulation S-K Item 304(a)(1) (V) ).
Item 304(a) (3) Letter of Grant Thornton, LLP
The Registrant has requested that Grant Thornton, LLP furnish it with
a letter addressed to the Securities and Exchange Commission, which is
attached as an Exhibit to this Form 8-K (or will be submitted to the
Commission under separate cover) stating that Grant Thornton, LLP,
agreed with the statements herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
LAKELAND INDUSTRIES, INC.
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(Registrant)
Date: October 21, 2002 By: /s/ Raymond J. Smith
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Raymond J. Smith
President and
Chairman of the Board
Date: October 21, 2002 By: /s/ Christopher J. Ryan
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Christopher J. Ryan
Executive Vice President -
General Counsel and
Secretary