Lifetime Brands, Inc. Announces Results of 2022 Annual Meeting

Rhea-AI Summary

Lifetime Brands, Inc. (Nasdaq: LCUT) has announced that a quarterly cash dividend of $0.0425 per share will be paid on August 15, 2022, to stockholders of record by the close of business on August 1, 2022. The decision was made during the Company’s 2022 Annual Meeting of Stockholders held on June 23, 2022, where stockholders elected several directors, ratified Ernst & Young LLP as the independent auditor for 2022, and approved the 2021 compensation of named executives. The Company also amended its Long-Term Incentive Plan.

Positive

• Declared a quarterly cash dividend of $0.0425 per share.
• Stockholders elected directors for the upcoming period.
• Ratified Ernst & Young LLP as the independent auditor for 2022.
• Approved the 2021 compensation for the named executive officers.
• Amended the Long-Term Incentive Plan.

Negative

• None.

Declares Dividend to be Paid August 15, 2022

GARDEN CITY, N.Y., June 24, 2022 (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (Nasdaq: LCUT), a leading global provider of branded kitchenware, tableware and other products used in the home, announced the results of the votes taken at the Company’s 2022 Annual Meeting of Stockholders held Thursday, June 23, 2022.

Stockholders elected the following directors to serve until the next Annual Meeting of Stockholders:

Jeffrey Siegel		Executive Chairman, Lifetime Brands, Inc.
Robert B. Kay		Chief Executive Officer, Lifetime Brands, Inc.
Rachael A. Jarosh		Former President and Chief Executive Officer, Enactus
John Koegel		Principal, Jo-Tan, LLC
Cherrie Nanninga		Partner, Real Estate Solutions Group, LLC
Craig Phillips		Retired Senior Vice President — Distribution, Lifetime Brands, Inc.
Veronique Gabai-Pinsky		Former Global President, Vera Wang Group, LLC
Bruce G. Pollack		Managing Partner, Centre Partners Management, LLC
Michael J. Regan		Retired Certified Public Accountant
Michael Schnabel		Senior Partner, Centre Partners Management, LLC

In addition, stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2022.

On a non-binding advisory basis, stockholders approved the 2021 compensation of the Company’s named executive officers.

Stockholders approved the amendment and restatement of the Company’s Amended and Restated 2000 Long-Term Incentive Plan.

On Thursday, June 23, 2022, Lifetime’s Board of Directors declared a quarterly cash dividend of $0.0425 per share payable on August 15, 2022 to stockholders of record at the close of business on August 1, 2022.

Lifetime Brands, Inc.

Lifetime Brands is a leading global designer, developer and marketer of a broad range of branded consumer products used in the home. The Company markets its products under well-known kitchenware brands, including Farberware®, KitchenAid®, Sabatier®, Amco Houseworks®, Chef’n® Chicago™ Metallic, Copco®, Fred® & Friends, Houdini™, KitchenCraft®, Kamenstein®, La Cafetière®, MasterClass®, Misto®, Swing-A-Way®, Taylor® Kitchen, and Rabbit®; respected tableware and giftware brands, including Mikasa®, Pfaltzgraff®, Fitz and Floyd®, Empire Silver™, Gorham®, International® Silver, Towle® Silversmiths, Wallace®, Wilton Armetale®, V&A®, Royal Botanic Gardens Kew® and Year & Day®; and valued home solutions brands, including BUILT NY®, S’well®, Taylor® Bath, Taylor® Kitchen, Taylor® Weather and Planet Box®. The Company also provides exclusive private label products to leading retailers worldwide.

The Company’s corporate website is www.lifetimebrands.com.

Contacts:

Lifetime Brands, Inc.
Laurence Winoker, Chief Financial Officer
516-203-3590
investor.relations@lifetimebrands.com

or

Joele Frank, Wilkinson Brimmer Katcher
Ed Trissel / Andrew Squire / Rose Temple
212-355-4449

FAQ

When is the dividend for LCUT paid?

The dividend for LCUT is set to be paid on August 15, 2022.

What was the outcome of the LCUT Annual Meeting?

At the LCUT Annual Meeting on June 23, 2022, stockholders elected directors, ratified the independent auditor, and approved executive compensation.

What is the dividend amount declared by Lifetime Brands, Inc.?

Lifetime Brands, Inc. declared a quarterly cash dividend of $0.0425 per share.

Who were the directors elected at the LCUT Annual Meeting?

Jeffrey Siegel, Robert B. Kay, Rachael A. Jarosh, John Koegel, Cherrie Nanninga, Craig Phillips, Veronique Gabai-Pinsky, Bruce G. Pollack, Michael J. Regan, and Michael Schnabel were elected as directors.