Lifetime Brands, Inc. Announces Results of 2018 Annual Meeting


Declares Dividend to be Paid August 15, 2018

GARDEN CITY, N.Y., June 29, 2018 (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 2018 Annual Meeting of Stockholders held Thursday, June 28, 2018.

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

    
Jeffrey Siegel  Chairman/Executive Chairman, Lifetime Brands, Inc.
    
Ronald Shiftan

  Vice Chairman and Chief Operating Officer, Lifetime Brands, Inc.
(retiring from full-time role with the Company effective December 31, 2018)
    
Michael Jeary  Retired Advertising Executive
    
Robert Kay  Chief Executive Officer, Lifetime Brands, Inc.
    
John Koegel  Principal, Jo-Tan LLC
    
Craig Phillips  Retired Senior Vice President – Distribution, Lifetime Brands, Inc.
    
Bruce Pollack  Managing Partner, Centre Partners Management, LLC
    
Cherrie Nanninga  Partner, Real Estate Solutions Group
    
Dennis E. Reaves  Consultant
    
Michael J. Regan  Retired Certified Public Accountant
    
Sara Genster Robling  Principal, Robling Advisors
    
Michael Schnabel  Managing Director, Centre Partners Management, LLC
    
William Westerfield  Retired Certified Public Accountant
    

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, 2018.

On an advisory (non-binding) basis, stockholders approved the compensation of the Company’s named executive officers.

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

On Thursday, June 28, 2018, Lifetime’s Board of Directors declared a quarterly cash dividend of $0.0425 per share payable on August 15, 2018 to stockholders of record on August 1, 2018.

Lifetime Brands, Inc.  

Lifetime Brands is a leading global provider of kitchenware, tableware and other 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®, Kizmos™, La Cafetière®, MasterClass®, Misto®, Mossy Oak®, Swing-A-Way® Taylor® Kitchen and Vasconia®; respected tableware and giftware brands, including Mikasa®, Pfaltzgraff®, Fitz and Floyd®, Creative Tops®, Empire Silver™, Gorham®, International® Silver, Kirk Stieff®, Rabbit® Towle® Silversmiths, Tuttle®, Wallace®, Wilton Armetale®, V&A® and Royal Botanic Gardens Kew®; and valued home solutions brands, including Bombay®, BUILT NY®, Taylor® Bath and Taylor® Weather. 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.  LHA
Laurence Winoker, Chief Financial Officer  Harriet Fried, SVP
516-203-3590  212-838-3777
investor.relations@lifetimebrands.com  hfried@lhai.com