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.
|Lifetime Brands, Inc.||LHA|
|Laurence Winoker, Chief Financial Officer||Harriet Fried, SVP|
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