Lakeland Industries (LAKE) has issued an update.
Lakeland Industries, Inc. shareholders have given the green light to the Employee Stock Purchase Plan and an amendment to increase the share capacity of the 2017 Equity Incentive Plan during the 2024 Annual Meeting. The approved Employee Stock Purchase Plan allows employees to acquire company stock, reflecting a vote of confidence in Lakeland’s future. Additionally, the expansion of the 2017 Equity Incentive Plan from 840,000 shares to 1,240,000 shares offers a more robust incentive for executives and aligns their interests with shareholders. These strategic moves demonstrate Lakeland’s commitment to fostering an ownership culture and incentivizing performance.
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