Lifetime Brands Announces Results Of 2012 Annual Meeting

Lifetime Brands, Inc. (NASDAQ GS: LCUT), a global provider of branded products used to prepare, serve and consume food in the home, announced the results of the votes taken at the Company’s 2012 Annual Meeting of Stockholders held earlier today.

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

Jeffrey Siegel

Chairman, President and Chief Executive Officer
 

Ronald Shiftan
Vice Chairman and Chief Operating Officer
 

Craig Phillips
Senior Vice President - Distribution
 

David Dangoor
President, Innoventive Partners LLC
 

Michael Jeary
President, Laughlin Constable
 

John Koegel
Principal, Jo-Tan LLC
 

Cherrie Nanninga
Chief Operating Officer, New York Tri-State Region,

CB Richard Ellis, Inc.
 

Michael J. Regan
Retired Partner, KPMG LLP
 

William Westerfield
Retired Partner, Price Waterhouse LLP
 

Stockholders also approved an amendment to the Company’s 2000 Long-Term Incentive Plan to increase the number shares of the Company’s common stock and re-approved the performance criteria for certain stock-based awards and cash bonuses to qualify as performance-based compensation under Section 162(m) of the Internal Revenue Code.

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, 2012.

Lifetime’s Board of Directors also declared a quarterly cash dividend of $0.025 per share payable on August 15, 2012, to shareholders of record on August 1, 2012.

Lifetime Brands, Inc.

Lifetime Brands is a provider of kitchenware, tabletop and other products used in the home. The Company markets its products under such well-known kitchenware brands as Farberware®, KitchenAid®, CasaMōda®, Cuisinart®, Cuisine de France®, Guy Fieri®, Hoffritz®, Kizmos™, Misto®, Pedrini®, Roshco®, Sabatier®, Savora™ and Vasconia®; respected tabletop brands such as Mikasa®, Pfaltzgraff®, Creative Tops®, Calvin Klein®, Gorham®, International® Silver, Kirk Stieff®, Nautica®, Sasaki®, Towle® Silversmiths, Tuttle®, Wallace®, V&A® and Royal Botanic Gardens Kew®; and home solutions brands, including Elements®, Melannco®, Kamenstein® and Design for Living™.

The Company’s website is www.lifetimebrands.com.

Copyright Business Wire 2010

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