Lifetime Brands, Inc. Announces Results of 2024 Annual Meeting

Rhea-AI Summary

Lifetime Brands announced the results of its 2024 Annual Meeting of Stockholders held on June 20, 2024. Stockholders elected nine directors including Jeffrey Siegel and Robert B. Kay. Ernst & Young LLP was ratified as the independent auditor for 2024. Stockholders approved the 2023 executive compensation and amended the 2000 Long-Term Incentive Plan. Additionally, a cash dividend of $0.0425 per share was declared, payable on August 15, 2024, to stockholders of record on August 1, 2024.

Positive

• Election of experienced directors including Jeffrey Siegel and Robert B. Kay.
• Ratification of Ernst & Young LLP as independent auditor for 2024 ensuring financial scrutiny.
• Stockholders approved 2023 executive compensation, indicating confidence in management.
• Declaration of a quarterly cash dividend of $0.0425 per share payable on August 15, 2024, providing direct value to shareholders.

Negative

• None.

Declares Dividend to be Paid August 15, 2024

GARDEN CITY, N.Y., June 21, 2024 (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 2024 Annual Meeting of Stockholders held Thursday, June 20, 2024.

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

Jeffrey Siegel		Chairman of the Board, Former Executive Chairman, Lifetime Brands, Inc.
Robert B. Kay		Chief Executive Officer, Lifetime Brands, Inc.
Rachael A. Jarosh		Former President and Chief Executive Officer, Enactus
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, 2024.

On a non-binding advisory basis, stockholders approved the 2023 compensation of the Company’s named executive officers and a one-year frequency with which stockholders are provided an advisory vote on executive compensation.

The stockholders also approved an amendment and restatement of the Company’s Amended and Restated 2000 Long-Term Incentive Plan.

Separately, on Thursday, June 20, 2024, Lifetime’s Board of Directors declared a quarterly cash dividend of $0.0425 per share payable on August 15, 2024 to stockholders of record at the close of business on August 1, 2024.

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® 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 / T.J. O'Sullivan / Carly King
212-355-4449

FAQ

What were the results of Lifetime Brands' 2024 Annual Meeting?

The stockholders elected nine directors and approved the 2023 executive compensation, among other decisions.

When is the dividend payment date for LCUT stock?

The dividend payment date for LCUT stock is August 15, 2024.

What is the dividend amount declared by Lifetime Brands?

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

Who was ratified as the independent auditor for Lifetime Brands for 2024?

Ernst & Young LLP was ratified as the independent auditor for 2024.