AGM/EGMApr 26, 2026, 05:27 AM
LCUT 2026 Annual Meeting; 2025 Net Sales $647.9M, Net Loss $(26.9)M
AI Summary
Lifetime Brands, Inc. announced its 2026 Annual Meeting of Stockholders to be held on June 18, 2026, where shareholders will vote on the election of nine directors, ratification of Ernst & Young LLP as auditor, advisory vote on executive compensation, and approval of an amended Long-Term Incentive Plan. The company reported 2025 net sales of $647.9 million, a net loss of $(26.9) million, and adjusted net income of $17.6 million. The Board size will decrease from ten to nine directors, with two current directors not seeking re-election.
Key Highlights
- 2026 Annual Meeting of Stockholders scheduled for June 18, 2026.
- 2025 Net sales decreased to $647.9 million from $683.0 million in 2024.
- 2025 Net loss increased to $(26.9) million from $(15.2) million in 2024.
- 2025 Adjusted net income increased to $17.6 million from $12.6 million in 2024.
- 2025 Adjusted EBITDA decreased to $50.8 million from $55.4 million in 2024.
- Board of Directors to decrease from ten to nine members; two directors not re-nominated.
- Shareholders to vote on election of nine directors and ratification of auditor.
- Centre Partners V, L.P. beneficially owns 26.2% of common stock.