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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

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Source: Lifetime Brands, Inc.