Lifetime Brands, Inc. Stockholders Elect New Directors at Meeting
Results from the Annual Meeting of Lifetime Brands, Inc.
Lifetime Brands, Inc. (Nasdaq: LCUT), a prominent player in the kitchenware and tableware market, recently announced the outcomes of their annual meeting. This gathering, held on June 18, 2025, provided stockholders with an opportunity to review and influence the company's future direction.
New Directors Elected
During this significant meeting, stockholders exercised their voting rights to elect a new slate of directors who will guide the company as it moves forward. The following individuals were elected:
Leadership Team
First on the list is Jeffrey Siegel, who will continue as Chairman of the Board. Robert B. Kay, who also serves as Chief Executive Officer, remains a critical figure in the organization. Others elected include:
- Jeffrey H. Evans, with previous experience in the retail sector at Walmart U.S.
- Rachael A. Jarosh, formerly the President and CEO of Enactus.
- Cherrie Nanninga, a partner at Real Estate Solutions Group, LLC.
- Craig Phillips, who has retired from Lifetime Brands, following a successful career as Senior Vice President of Distribution.
- Veronique Gabai-Pinsky, who once held the position of Global President at Vera Wang Group, LLC.
- Bruce G. Pollack, Managing Partner of Centre Partners Management, LLC.
- Michael J. Regan, a retired Certified Public Accountant.
- Michael Schnabel, also part of Centre Partners Management, LLC as Senior Partner.
Approval of Auditor and Executive Compensation
In addition to electing the board members, stockholders also ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the company for the upcoming fiscal year. This decision reaffirms confidence in the audit process and the financial oversight of Lifetime Brands.
Furthermore, a non-binding advisory vote saw stockholders supporting the compensation package of the company’s named executive officers for the year 2024. This vote indicates stockholder satisfaction with management practices aimed at progressing company goals.
Quarterly Dividend Declared
Another highlight of the meeting was the announcement of a quarterly cash dividend of $0.0425 per share. This dividend will be payable on August 15, 2025, to those stockholders who are on record by August 1, 2025, showcasing the company’s commitment to returning value to its investors.
About Lifetime Brands, Inc.
Lifetime Brands, Inc. is a frontrunner in the design, development, and marketing of a diverse array of branded consumer products tailored for home usage. Their impressive portfolio includes renowned kitchenware brands like Farberware, KitchenAid, and Sabatier, in addition to respected tableware brands such as Mikasa and Pfaltzgraff. Furthermore, the company is committed to providing quality home solutions products, enhancing everyday life for consumers.
The company continuously innovates and adapts its product offerings in response to market trends and consumer needs, positioning itself for sustained growth in a competitive marketplace.
Frequently Asked Questions
What were the main outcomes of the recent annual meeting?
The main outcomes included the election of new board members, ratification of auditors, and the declaration of a quarterly dividend.
Who are the newly elected directors?
The new directors include individuals with diverse backgrounds in leadership roles across various sectors, ensuring strong guidance for the company.
What is the amount and date of the declared dividend?
The declared dividend is $0.0425 per share, payable on August 15, 2025, for stockholders recorded by August 1, 2025.
Which accounting firm was approved during the meeting?
Ernst & Young LLP was ratified as the independent registered public accounting firm for the upcoming year, demonstrating stockholder confidence.
What does Lifetime Brands, Inc. specialize in?
Lifetime Brands specializes in creating and marketing a wide range of consumer products for the kitchen and home, known for their quality and innovative design.
About The Author
Contact Hannah Lewis privately here. Or send an email with ATTN: Hannah Lewis as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
