UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Lakeland Industries Inc.
---------------------------
(Name of Issuer)
Common Stock, $.01 Par Value per share
------------------------------------------
(Title of Class of Securities)
511795106
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(CUSIP Number)
Seymour Holtzman
c/o Jewelcor Companies
100 N. Wilkes Barre Blvd.
Wilkes Barre, Pennsylvania 18702
(570) 822-6277
--------------
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
February 27,2007
----------------
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f), or 240.13d-1(g), check
the following box: |_|
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
SCHEDULE 13D
CUSIP No. 511795106
1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Seymour Holtzman
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)x
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2 (e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
7 SOLE VOTING POWER
393,921
NUMBER OF 8 SHARED VOTING POWER
SHARES - 0 -
BENEFICIALLY
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 393,921
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER
-0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 5
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.13%
14 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP No. 511795106
1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Evelyn Holtzman
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)x
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2 (e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
7 SOLE VOTING POWER
- 0 -
NUMBER OF 8 SHARED VOTING POWER
SHARES - 0 -
BENEFICIALLY
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH - 0 -
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 5
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
SEE ITEM 5
14 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP No. 511795106
1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Holtzman Opportunity Fund, L.P. 20-2923350
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)x
3 SEC USE ONLY
4 SOURCE OF FUNDS*
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2 (e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Nevada
7 SOLE VOTING POWER
302,400
NUMBER OF 8 SHARED VOTING POWER
SHARES - 0 -
BENEFICIALLY
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 302,400
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 5
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.48%
14 TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP No. 511795106
1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SH Independence, LLC 20-2923276
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)x
3 SEC USE ONLY
4 SOURCE OF FUNDS*
NA
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2 (e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Nevada
7 SOLE VOTING POWER
302,400
NUMBER OF 8 SHARED VOTING POWER
SHARES - 0 -
BENEFICIALLY
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 302,400
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 5
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.48%
14 TYPE OF REPORTING PERSON*
OO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP No. 511795106
1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Holtzman Financial Advisors, LLC 20-0236486
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)x
3 SEC USE ONLY
4 SOURCE OF FUNDS*
NA
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2 (e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Nevada
7 SOLE VOTING POWER
302,400
NUMBER OF 8 SHARED VOTING POWER
SHARES - 0 -
BENEFICIALLY
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 302,400
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 5
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.48%
14 TYPE OF REPORTING PERSON*
OO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1. Security and Issuer.
The class of equity securities to which this Statement relates is
the common stock (the "Common Stock") of Lakeland Industries Inc. (the
"Issuer"). The principal executive offices of the Issuer are located at
701-7 Koehler Avenue, Ronkonkoma, NY 11779.
Item 2. Identity and Background.
(a) -(c), (f) Holtzman Opportunity Fund, L.P. ("Opportunity") is
a Nevada limited partnership which is primarily involved in acquiring,
holding and disposing of investments in various companies. The address
of the principal business and principal offices of Opportunity is 100 N.
Wilkes Barre Blvd., 4th Floor, Wilkes Barre, Pennsylvania 18702.
The general partner of Opportunity is Holtzman Financial Advisors,
LLC ("Advisors"), a Nevada limited liability company which is
primarily involved in managing Opportunity's affairs and assets.
The address of the principal business and principal offices of
Advisors is 100 N. Wilkes Barre Blvd., 4th Floor, Wilkes Barre,
Pennsylvania 18702.
The Managing Member of Advisors is SH Independence, LLC ("Independence"),
a Nevada limited liability company which is involved in serving as
the Managing Member of Advisors. The address of the principal business
and principal offices of Independence is 100 N. Wilkes Barre Blvd., 4th
Floor, Wilkes Barre, Pennsylvania 18702. The sole member of Independence
is Seymour Holtzman.
Seymour Holtzman, a United States citizen whose business address is 100 N.
Wilkes Barre Blvd., 4th Floor, Wilkes Barre, Pennsylvania 18702. Mr.
Holtzman's principal occupation is serving as Chairman of the Board of
Casual Male Retail Group, Inc. and Co-Chairman of the Board for George
Foreman Enterprises, Inc. He also serves as Chairman of Web.com, Inc.,
an online marketing services company, and Chairman and Chief Executive
Officer of each of Jewelcor Management, Inc., which is primarily involved
in investment and management services, C.D. Peacock, Inc., a Chicago retail
jewelry establishment, and S.A. Peck & Company, a Chicago based retail
and mail order jewelry company.
Evelyn Holtzman is a United States citizen whose business address is
100 N. Wilkes Barre Blvd., Wilkes Barre, Pennsylvania 18702.
(d-e) During the last five years none of Holtzman Opportunity Fund,
L.P., Holtzman Financial Advisors, LLC, SH Independence, LLC, Mr.
Holtzman and Mrs.Holtzman, (i) has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors)
or (ii) has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
The purchases of 91,521 shares of Common Stock by Seymour and
Evelyn Holtzman were made in the open market and were funded by working
capital, which may, at any given time, include margin loans made by
their brokerage firms, National Financial Services and/or Spear, Leeds &
Kellog, in the ordinary course of business. The amount of funds
expended for such purchases (including brokerage commissions and related
fees) was approximately $1,247,456.
The purchases of 302,400 shares of Common Stock by Holtzman Opportunity
Fund, L.P.were made in the open market and were funded by working capital,
which may, at any given time, include margin loans made by its brokerage
firm, Spear, Leeds & Kellog, in the ordinary course of business. The amount
of funds expended for such purchases (including brokerage commissions
and related fees) was approximately $4,220,270.
Item 4. Purpose of Transaction.
The shares of common stock covered by this Statement were acquired
for the purpose of investment. The Reporting Persons filing this
Statement may decide, jointly or individually, to purchase additional
shares of the Common Stock or other securities of the Issuer.
In addition the Reporting Persons, jointly or individually, may
dispose of any or all securities of the Issuer in any manner permitted
by applicable securities laws.
Representatives of the Reporting Persons may attempt to meet with
the Board of Directors of the Issuer and the Issuer's management to
discuss ways to maximize shareholder value. Any such discussion may
include conducting a comprehensive review and analysis of the potential
value that could be achieved from a potential sale.
Item 5. Interest in Securities of the Issuer.
(a) and (b) As of March 9, 2007, the Reporting Persons owned
an aggregate 393,921 shares of Common Stock, representing approximately
7.13% of the outstanding shares of Common Stock based upon the 5,521,824
shares of Common Stock reported by the Issuer to be outstanding as of
December 7, 2006 in its Form 10-Q filed with the SEC on December 7, 2006
for the period ending October 31, 2006.
As of March 9, 2007, Seymour and Evelyn Holtzman beneficially owned an
aggregate of 91,521 shares of Common Stock, representing approximately
1.66% of the outstanding shares of Common Stock.
As of March 9, 2007, Opportunity beneficially owned an aggregate of
302,400 shares of Common Stock, representing 5.47% of the
outstanding shares of Common Stock. By virtue of the relationships described
under Item 2 of this Schedule 13D, Advisors and Independence may be deemed
to have indirect beneficial ownership of the 302,400 shares of Common Stock
held by Opportunity.
As of March 9, 2007, by virtue of the relationships described under
Item 2 of this Schedule 13D, Seymour Holtzman may be deemed to have indirect
beneficial ownership of the 302,400 shares of Common Stock held by
Opportunity. Seymour Holtzman has sole voting and dispositive power over the
91,521 shares of Common Stock beneficially owned by him and his wife and the
302,400 shares owned by Opportunity. Therefore, Seymour Holtzman may
be deemed to benefically own in the aggregate 393,921 shares of Common Stock,
representing approximately 7.13% of the outstanding shares of Common Stock.
The schedule attached as Annex 1 describes transactions in
the Common Stock effected by the Reporting Persons during the past 60 days.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
There are no contracts, arrangements or understandings among the
Reporting Persons, or between any Reporting Person and any other person, with
respect to the securities of the Issuer.
Item 7. Material to be Filed as Exhibits
Exhibit 99.1. Joint filing agreement of all parties.
SIGNATURES
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After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
Statement is true, complete and correct.
Dated: March 9, 2007
Holtzman Opportunity Fund, L.P.
By: Holtzman Financial Advisors, LLC,its
By: SH Independence, LLC, its Managing Member
By: /s/ Seymour Holtzman
----------------------------
Name: Seymour Holtzman
Title: Managing Member
Holtzman Financial Advisors, LLC
By: SH Independence, LLC its Managing Member
By: /s/ Seymour Holtzman
----------------------------
Name: Seymour Holtzman
Title: Managing Member
SH Independence, LLC
By: /s/ Seymour Holtzman
----------------------------
Name: Seymour Holtzman
Title: Managing Member
/s/ Seymour Holtzman
-------------------------------
Seymour Holtzman
/s/ Evelyn Holtzman
-------------------------------
Evelyn Holtzman