Lifetime Brands Elects Directors, Adjusts Compensation

TL;DR

Board shakeup and pay adjustments at Lifetime Brands.

AI Summary

Lifetime Brands, Inc. announced on June 20, 2024, a significant event involving the election of new directors and changes in officer compensation. The company also disclosed matters submitted for a vote of security holders and provided updates under Regulation FD. This filing includes financial statements and exhibits, indicating potential shifts in corporate governance and financial arrangements.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, financial priorities, and future performance.

Risk Assessment

Risk Level: medium — Changes in directorship and compensation can indicate internal restructuring or strategic shifts that may impact future performance.

Key Players & Entities

• Lifetime Brands, Inc. (company) — Registrant
• Delaware (jurisdiction) — State of Incorporation
• June 20, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value LCUT The Nasdaq Global Select
• $0.0425 — aration of a quarterly cash dividend of $0.0425 per share payable on August 15, 2024 to

Filing Documents

• lcut-20240620.htm (8-K) — 59KB
• ex99106202024.htm (EX-99.1) — 13KB
• g789074g0807061801219a01.jpg (GRAPHIC) — 3KB
• 0001628280-24-029205.txt ( ) — 203KB
• lcut-20240620.xsd (EX-101.SCH) — 2KB
• lcut-20240620_lab.xml (EX-101.LAB) — 21KB
• lcut-20240620_pre.xml (EX-101.PRE) — 12KB
• lcut-20240620_htm.xml (XML) — 3KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. The Company held its Annual Meeting on June 20, 2024, at which the Company's stockholders voted on the following matters, which are described in detail in the Proxy Statement: (i) to elect nine (9) directors to serve on the Company's Board until the 2025 Annual Meeting of Stockholders or until their successors are duly elected and qualified ("Proposal 1"); (ii) to ratify the appointment of Ernst & Young LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024 ("Proposal 2"); (iii) to approve, on a non-binding advisory basis, the compensation of the Company's named executive officers ("Proposal 3"); (iv) to approve, on a non-binding advisory basis, the frequency with which stockholders are provided an advisory vote on executive compensation ("Proposal 4"); and (v) to approve an amendment and restatement of the Plan ("Proposal 5"). Set forth below are the final voting results with respect to each of the proposals acted upon at the Annual Meeting. Proposal 1 The Company's stockholders elected each of the following nine (9) nominees unanimously recommended by the Board, each of whom were named in the Proxy Statement, to serve on the Board to hold office until the 2025 Annual Meeting of Stockholders or until their successors are duly elected and qualified, based on the following votes: FOR WITHHELD ABSTAIN BROKER NON-VOTES Jeffrey Siegel 14,005,126 2,155,218 2,467 3,979,833 Robert B. Kay 14,743,666 1,416,678 2,467 3,979,833 Rachael A. Jarosh 14,479,061 1,679,751 3,999 3,979,833 Cherrie Nanninga 14,453,960 1,704,852 3,999 3,979,833 Craig Phillips 13,809,991 2,348,321 4,499 3,979,833 Veronique Gabai-Pinsky 14,818,137 1,340,675 3,999 3,979,833 Bruce G. Pollack 14,499,460 1,658,852 4,499 3,979,833 Michael J. Regan 13,676,175 2,482,137 4,499 3,979,833 Michael Schnabel 14,596,483 1,561,829 4,499 3,979,833 Proposal 2 The Company's sto

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On June 21, 2024, the Company issued a press release announcing the results of the votes cast at the Annual Meeting and the declaration of a quarterly cash dividend of $0.0425 per share payable on August 15, 2024 to stockholders of record as of the close of business on August 1, 2024 (the "Press Release"). The Press Release is attached to this Current Report on Form 8-K as Exhibit 99.1. The information contained in this Item 7.01 and Exhibit 99.1 hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. See the Exhibit Index below, which is incorporated by reference herein. EXHIBIT INDEX 99.1 Press release issued by Lifetime Brands, Inc. on June 21, 2024, announcing the results of the 2024 Annual Meeting and the declaration of a quarterly cash dividend. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Lifetime Brands, Inc. By: /s/ Laurence Winoker Laurence Winoker Executive Vice President – Treasurer and Chief Financial Officer Date: June 21, 2024

View Full Filing

View this 8-K filing on SEC EDGAR