Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) January 30, 2007
__________________________________________

Lakeland Industries, Inc.
(Exact name of registrant as specified in its charter)


Delaware
0-15535
13-311521
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)

701 Koehler Avenue, Suite 7, Ronkonkoma, New York 11779-7410
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (631) 981-9700


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 2.02
Regulation FD Disclosure.

Item 1.01
Entry into a Material Definitive Agreement

On January 30, 2007, Lakeland Industries, Inc. (the "Company") issued a press release announcing the purchase of a Single Premium Group Annuity Contract from the John Hancock Life Insurance Company to cover all participants in the Fireland Pension Fund in connection with Lakeland’s termination of the plan.
 
Item 9.01
Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits. The following exhibit is being furnished herewith:
99.1 Press Release of Lakeland Industries, Inc., dated January 30, 2007.






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 hereunto duly authorized.



 
LAKELAND INDUSTRIES, INC.
   
   
Date: January 30, 2007
 
   
   
 
/s/ Christopher J. Ryan
 
Christopher J. Ryan
 
President & CEO
 


EXHIBIT INDEX

Exhibit
    
Number
Description
  
     
99.1
Text of press release issued by Lakeland Industries, Inc., dated January 30, 2007, titled “Lakeland Industries Announces the Settlement and Termination of the Fireland Pension Fund”.