UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
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)
September 7,2007
----------------
(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
395,661
NUMBER OF 8 SHARED VOTING POWER
SHARES - 0 -
BENEFICIALLY
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 395,661
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) 7.16%
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) 5.47%
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) 5.47%
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) 5.47%
14 TYPE OF REPORTING PERSON*
OO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
This Amendment No. 1 amends and supplemetns the Schedule 13D, dated
March 9, 2007 (the "Schedule 13D"), originally filed
with the Securities and Exchange Commission by Seymour Holtzman
and others with respect to the common stock, $.01 par value (the
"Common Stock"), of Lakeland Industries, Inc. (the "Issuer"). The
address of the principal offices of the Company is 701-7 Koehler
Avenue, Ronkonkoma, NY 11779.
Item 3. Source and Amount of Funds or Other Consideration.
The purchases of 1,740 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, RBC Capital Markets Corp. (successor to 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 $14,130.
Item 5. Interest in Securities of the Issuer.
(a) and (b) As of September 12, 2007, the Reporting Persons owned
an aggregate 395,661 shares of Common Stock, representing approximately
7.16% of the outstanding shares of Common Stock based upon the 5,523,288
shares of Common Stock reported by the Issuer to be outstanding as of
September 6, 2007 in its Form 10-Q filed with the SEC on September 6, 2007
for the period ending July 31, 2007.
As of September 12, 2007, Seymour and Evelyn Holtzman beneficially owned an
aggregate of 93,261 shares of Common Stock, representing approximately
1.69% of the outstanding shares of Common Stock.
As of September 12, 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 September 12, 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
93,261 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 395,661 shares of Common Stock,
representing approximately 7.16% of the outstanding shares of Common Stock.
Item 7. Material to be Filed as Exhibits
Exhibit 99.1. (Corrected) Joint filing agreement of all parties.
Exhibit 1. Transactions in the Common Stock of the
Issuer from January 1, 2007 to September 12, 2007.
Exhibit 2. Letter from Holtzman Opportunity Fund delievered
to Issuer on September 7, 2007.
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: September 12, 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