Lifetime Brands, Inc. announced that on January 27, 2020, Michael J. Jeary, resigned from his position as a member of the Board of Directors of Lifetime Brands, Inc., a Delaware corporation, and all committees of the Board. Mr. Jeary’s resignation was not due to any disagreement with the Company or the Board on any matter relating to the Company’s operations, policies or practices. On January 27, 2020, the Board, elected Rachael A. Jarosh to serve on the Board of the Company, effective immediately. Ms. Jarosh fills a vacancy on the Board created by the resignation of Michael J. Jeary. The Board has determined that Ms. Jarosh qualifies as an “independent director” as defined under Rule 5605(a)(2) of the NASDAQ Marketplace Rules. In connection with her election to the Board, Ms. Jarosh was appointed to the Board’s Nominating and Governance Committee. As a non-employee director, Ms. Jarosh will receive the same compensation as the other non-employee directors of the Company, prorated from Ms. Jarosh’s election to the date of the Company’s 2020 Annual Meeting of Stockholders. In connection with her election to the Board, Ms. Jarosh entered into the Company’s standard form of indemnification agreement.
Lifetime Brands, Inc. designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through two segments: United States and International. The Company designs, markets and distributes its products to retailers, distributors and directly to consumers through retail Websites. The Company's product categories include two categories of products used to prepare, serve, and consume foods, including Kitchenware (kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantry ware, spice racks and bakeware) and Tableware (dinnerware, stemware, flatware, and giftware). Its Home Solutions category includes products used in the home (thermal beverageware, bath scales, weather and outdoor household products, food storage, neoprene travel products and home decor). Its brands include Farberware, Mikasa, KitchenAid, Taylor, BUILT NY, KitchenCraft, Kamenstein, Pfaltzgraff, Rabbit, and MasterClass.
LIFETIME BRANDS, INC. 
