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Lifetime Brands, Inc. Announces Results of 2017 Annual Meeting

GARDEN CITY, N.Y., June 23, 2017 (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NasdaqGS: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 2017 Annual Meeting of Stockholders held Thursday, June 22, 2017.

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

Jeffrey Siegel Chairman and Chief Executive Officer
Ronald Shiftan Vice Chairman and Chief Operating Officer
Michael Jeary Retired President, Laughlin Constable
John Koegel Principal, Jo-Tan LLC
Cherrie Nanninga Partner, Real Estate Solutions Group, LLC, formerly Chief Operating Officer, New York Tri-State Region of CB Richard Ellis, Inc.
Craig Phillips Retired Senior Vice President - Distribution at Lifetime Brands, Inc.
Dennis E. Reaves Retired Senior Vice President and General Merchandise Manager of Wal-Mart Stores, Inc.
Michael J. Regan Retired Partner, KPMG LLP
Sara Genster Robling Principal, Robling Advisors and formerly Executive Vice President of Pinnacle Foods Corporation
William Westerfield Retired Partner, Price Waterhouse LLP


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, 2017.

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

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

On Thursday, June 22, 2017, Lifetime’s Board of Directors declared a quarterly cash dividend of $0.0425 per share payable on August 15, 2017 to shareholders of record on August 1, 2017.

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®, Chicago™ Metallic, Copco®, Fred® & Friends, Kitchen Craft®, Kamenstein®, Kizmos™, La Cafetière®, Misto®, Mossy Oak®, Reo®, Savora™, Swing-A-Way® and Vasconia®; respected tableware and giftware brands, including Mikasa®, Pfaltzgraff®, Creative Tops®, Empire Silver™, Gorham®, International® Silver, Kirk Stieff®, Towle® Silversmiths, Tuttle®, Wallace®, Wilton Armetale®, V&A® and Royal Botanic Gardens Kew®; and valued home solutions brands, including Bombay®, BUILT NY®, Debbie Meyer® and Design for Living™. 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. Lippert/Heilshorn & Assoc.
Laurence Winoker, Chief Financial Officer Harriet Fried, SVP
516-203-3590 212-838-3777
investor.relations@lifetimebrands.com hfried@lhai.com


Source:Lifetime Brands, Inc.