Lifetime Brands, Inc. Announces Results of 2020 Annual Meeting

Declares Dividend to be Paid August 17, 2020

GARDEN CITY, N.Y., June 26, 2020 (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 2020 Annual Meeting of Stockholders held Thursday, June 25, 2020.

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

Jeffrey Siegel		Chairman/Executive Chairman, Lifetime Brands, Inc.
Robert B. Kay		Chief Executive Officer, Lifetime Brands, Inc.
Rachael A. Jarosh		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		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, 2020.

On an advisory (non-binding) basis, stockholders approved the 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 25, 2020, Lifetime’s Board of Directors declared a quarterly cash dividend of $0.0425 per share payable on August 17, 2020 to stockholders of record at the close of business on August 3, 2020.

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, Kizmos, La Cafetière, MasterClass, Misto, Mossy Oak, Swing-A-Way, Taylor Kitchen, Rabbit and Vasconia; respected tableware and giftware brands, including Mikasa, Pfaltzgraff, Fitz and Floyd, Creative Tops, Empire Silver, Gorham, International Silver, Kirk Stieff, Towle Silversmiths, Wallace, Wilton Armetale, V&A and Royal Botanic Gardens Kew; and valued home solutions brands, including BUILT NY, 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
[e-mail]

or

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