Lakeland Industries, Inc., a leading global manufacturer of industrial protective clothing for industry, municipalities, healthcare and to first responders on the federal, state and local levels, announced that it is set to be added to the Russell Microcap Index when Russell Investments reconstitutes its U.S. and global equity indexes on Friday, June 27, 2014, according to a preliminary list of additions posted on June 13 on Russell Index website.
Annual reconstitution of Russell indices captures the 4,000 largest U.S. stocks as of the end of May, and determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $5.2 trillion in assets are benchmarked to Russell indices.
About Lakeland Industries, Inc.:
Lakeland Industries, Inc. manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing market. The Company's products are sold by a direct sales force and through independent sales representatives to a network of over 1,200 safety and mill supply distributors. These distributors in turn supply end user industrial customers such as chemical/petrochemical, automobile, steel, glass, construction, smelting, janitorial, pharmaceutical and high technology electronics manufacturers, as well as hospitals and laboratories.