<SEC-DOCUMENT>0001193125-18-190548.txt : 20180612
<SEC-HEADER>0001193125-18-190548.hdr.sgml : 20180612
<ACCEPTANCE-DATETIME>20180612161335
ACCESSION NUMBER:		0001193125-18-190548
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20180611
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180612
DATE AS OF CHANGE:		20180612

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIFETIME BRANDS, INC
		CENTRAL INDEX KEY:			0000874396
		STANDARD INDUSTRIAL CLASSIFICATION:	CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420]
		IRS NUMBER:				112682486
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19254
		FILM NUMBER:		18894580

	BUSINESS ADDRESS:	
		STREET 1:		1000 STEWART AVENUE
		CITY:			GARDEN CITY
		STATE:			NY
		ZIP:			11530
		BUSINESS PHONE:		5166836000

	MAIL ADDRESS:	
		STREET 1:		1000 STEWART AVENUE
		STREET 2:		1000 STEWART AVENUE
		CITY:			GARDEN CITY
		STATE:			NY
		ZIP:			11530

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIFETIME HOAN CORP
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d606344d8k.htm
<DESCRIPTION>FORM 8-K
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<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B><FONT
STYLE="white-space:nowrap">FORM&nbsp;8-K</FONT> </B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of The Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Date of report (Date of earliest event reported): June&nbsp;11, 2018 </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Lifetime Brands, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact Name of Registrant as Specified in Its Charter) </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Delaware
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or Other Jurisdiction of Incorporation) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">0-19254</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">11-2682486</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Commission File Number)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(IRS Employer Identification No.)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>1000 Stewart Avenue, Garden City, New York 11530 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of Principal Executive Offices) (Zip Code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s Telephone Number, Including Area
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Code)&nbsp;516-683-6000</FONT></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Former Name or Former
Address, if Changed Since Last Report) N/A </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the <FONT STYLE="white-space:nowrap">Form&nbsp;8-K&nbsp;filing</FONT> is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<I>see</I><I></I>&nbsp;General Instruction A.2. below):
</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to <FONT STYLE="white-space:nowrap">Rule&nbsp;14a-12&nbsp;under</FONT> the Exchange Act (17 <FONT STYLE="white-space:nowrap">CFR&nbsp;240.14a-12)</FONT> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement&nbsp;communications</FONT> pursuant to <FONT STYLE="white-space:nowrap">Rule&nbsp;14d-2(b)&nbsp;under</FONT> the Exchange Act (17
<FONT STYLE="white-space:nowrap">CFR&nbsp;240.14d-2(b))</FONT> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement&nbsp;communications</FONT> pursuant to <FONT STYLE="white-space:nowrap">Rule&nbsp;13e-4(c)&nbsp;under</FONT> the Exchange Act (17
<FONT STYLE="white-space:nowrap">CFR&nbsp;240.13e-4(c))</FONT> </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or <FONT STYLE="white-space:nowrap">Rule&nbsp;12b-2&nbsp;of</FONT> the Securities Exchange Act of
<FONT STYLE="white-space:nowrap">1934&nbsp;(&#167;240.12b-2&nbsp;of</FONT> this chapter). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ITEM&nbsp;5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN
OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>(b) Departure of Principal Operating Officer </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On June&nbsp;11, 2018, Ronald Shiftan, the Vice Chairman of the Board of Directors (the &#147;<U>Board</U>&#148;) and Chief Operating Officer of Lifetime
Brands, Inc. (the &#147;<U>Company</U>&#148;), informed the Company of his retirement as an officer of the Company, effective March&nbsp;15, 2019 (the &#147;<U>Retirement Date</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>(e) Compensatory Arrangements of Principal Operating Officer </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with his retirement, the Company and Mr.&nbsp;Shiftan entered into a Retirement Agreement (the &#147;<U>Retirement Agreement</U>&#148;) setting
forth the terms of his continued employment through the Retirement Date. Prior to the Retirement Date, the Company and Mr.&nbsp;Shiftan agreed that neither will terminate Mr.&nbsp;Shiftan&#146;s employment pursuant to the Third Amended and Restated
Employment Agreement by and between the Company and Mr.&nbsp;Shiftan, dated as of November&nbsp;24, 2015, including amendments through November&nbsp;8, 2017 (the &#147;<U>Employment Agreement</U>&#148;), except by the Company for cause, by
Mr.&nbsp;Shiftan for good reason, by either of them on account of disability, or by reason of Mr.&nbsp;Shiftan&#146;s death. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the period from
June&nbsp;11, 2018 through the Retirement Date (the &#147;<U>Transition Period</U>&#148;), Mr.&nbsp;Shiftan will continue to perform such duties as may be assigned to him by the Company&#146;s Chief Executive Officer, provided that during the period
from January&nbsp;1, 2019 through the Retirement Date, his time commitment will be reduced to 50% of what it had been over the prior 36 months. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless
his employment is terminated as described above, through the Retirement Date, Mr.&nbsp;Shiftan will remain Vice Chairman of the Board (subject to <FONT STYLE="white-space:nowrap">re-election</FONT> to the Board at the Company&#146;s 2018 Annual
Meeting of Stockholders scheduled to be held on June&nbsp;28, 2018) and Chief Operating Officer, and will continue to be entitled to receive his base salary and expense reimbursement, automobile, vacation, pension, insurance and other benefits
provided pursuant to the Employment Agreement and continued vesting of his previously granted equity awards. The Company will continue to pay him 100% of his base salary pursuant to the Employment Agreement through December&nbsp;31, 2018, and then
for the remainder of the Transition Period will pay him at the rate of 50% of such base salary. His 2018 bonus eligibility will be determined and paid in accordance with the Employment Agreement, provided that he will not be entitled to any other
bonus compensation, including in respect of the portion of the year that he works in 2019. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On or following the Retirement Date, as long as
Mr.&nbsp;Shiftan remains employed by the Company until the Retirement Date, (i)&nbsp;his unvested time-based equity awards will vest, (ii)&nbsp;his performance-based equity awards will vest to the extent that the applicable performance goals were
obtained and <FONT STYLE="white-space:nowrap">pro-rated</FONT> for the portion of the performance period ending on the Retirement Date, (iii)&nbsp;he will receive a lump sum payment equal to the sum of (a) $650,000 and (b)&nbsp;the average of the
bonuses paid to him pursuant to the Employment Agreement for each of 2016, 2017 and 2018, (iv) he will receive reimbursement of up to six months of rental payments on an apartment that he maintains near the Company&#146;s principal offices, and
(v)&nbsp;he will be permitted to serve out the remainder of his term as a member of the Board (subject to the Board&#146;s right to remove him for cause), in each case upon the effectiveness of a customary release executed by him on or after the
Retirement Date but no later than April&nbsp;22, 2019. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Following the Retirement Date, Mr.&nbsp;Shiftan will remain subject to the <FONT
STYLE="white-space:nowrap">non-competition</FONT> and <FONT STYLE="white-space:nowrap">non-solicitation</FONT> obligations set forth in the Employment Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The foregoing description is qualified in its entirety by the Retirement Agreement, which is filed as Exhibit 10.1 hereto and hereby incorporated by reference
herein. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ITEM&nbsp;8.01. OTHER EVENTS. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On June&nbsp;12, 2018, the Company issued a press release to announce Mr.&nbsp;Shiftan&#146;s retirement. A copy of the press release is filed as Exhibit 99.1
hereto and hereby incorporated by reference herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ITEM&nbsp;9.01. FINANCIAL STATEMENTS AND EXHIBITS. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>(d) Exhibits. </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">See the Exhibit Index below, which
is incorporated by reference herein. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:28.45pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


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<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d606344dex101.htm">Retirement Agreement, dated June&nbsp;11, 2018, by and between Lifetime Brands, Inc. and Ronald Shiftan </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d606344dex991.htm">Press release of Lifetime Brands, Inc., dated June&nbsp;12, 2018</A></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3">LIFETIME BRANDS, INC.</TD></TR>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Laurence Winoker</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Laurence Winoker</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Senior Vice President&nbsp;&#150; Finance, Treasurer and Chief Financial Officer</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dated: June&nbsp;12, 2018 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d606344dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><U>Exhibit&nbsp;10.1 </U></B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June&nbsp;11, 2018 </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ronald Shiftan </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">c/o Lifetime Brands, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1000 Stewart Avenue </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Garden City, NY 11530 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Re: <U>Retirement
Agreement</U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Ron: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This letter (this
&#147;<U>Retirement Agreement</U>&#148;) will confirm our agreement relating to the terms of your remaining employment with, and retirement from, Lifetime Brands, Inc. (the &#147;<U>Company</U>&#148;). Capitalized terms not defined herein will have
the respective meanings ascribed to them in the Third Amended and Restated Employment Agreement by and between you and the Company, dated as of November&nbsp;24, 2015, including amendments through November&nbsp;8, 2017 (the &#147;<U>Employment
Agreement</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<B>Retirement from Employment. </B>You agree that you will retire as the Company&#146;s
Chief Operating Officer, and will resign from all other officer and director positions you may hold with any subsidiary or affiliate of the Company, on March&nbsp;15, 2019 (the &#147;<U>Retirement Date</U>&#148;), and neither you nor the Company
will terminate your employment prior to the Retirement Date, provided that: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;the Company may terminate your
employment for Cause pursuant to Section&nbsp;4(a) of the Employment Agreement; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;you may terminate your
employment for Good Reason pursuant to Section&nbsp;4(b) of the Employment Agreement, except that the events constituting Good Reason as set forth in clauses (a), (b), (c), (d), (f) and (g)&nbsp;of Section&nbsp;4(a)(iii) of the Employment Agreement
shall no longer apply, and instead Good Reason shall be limited to the occurrence of: (x)&nbsp;a material breach by the Company of this Retirement Agreement, (y)&nbsp;a failure of the Company to obtain the assumption in writing of its obligations to
perform this Retirement Agreement or the Employment Agreement (as modified by this Retirement Agreement) by any successor to all or substantially all of the business or assets of the Company not later than the effective date of such transaction, or
(z)&nbsp;an event described in clause (e)&nbsp;of Section&nbsp;4(a)(iii) of the Employment Agreement; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;your
employment will terminate upon your death pursuant to Section&nbsp;4(e) of the Employment Agreement; and </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;either you or the Company may terminate your employment on account of
Disability pursuant to Section&nbsp;4(d) of the Employment Agreement, provided that the selection of the physician to resolve any dispute as to whether or not you are disabled shall be made by the Company in good faith (i.e., the selected physician
shall be board certified in the specialty to which the disability relates) and not by you. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;<B>Responsibilities
during your Remaining Employment</B>. During the period from the date hereof through the Retirement Date, or such earlier date as may be applicable pursuant to Paragraph 1 above (the &#147;<U>Transition Period</U>&#148;), you shall continue to
perform such duties as may be assigned to you by the Chief Executive Officer, provided that during the period from January&nbsp;1, 2019 through the Retirement Date, your time commitment will be reduced to 50% of what it had been over the 36 months
prior thereto. You acknowledge that such duties may include transitioning your authority and responsibilities to any successor to your position or responsibilities, and cooperating with the Company on the content of any press releases (including any
press release in connection with your retirement). During the Transition Period, you will also continue to serve as Vice Chairman of the Board, subject to <FONT STYLE="white-space:nowrap">re-election</FONT> at the Company&#146;s upcoming 2018 annual
meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;<B>Compensation during your Remaining Employment. </B>During the Transition Period: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;the Company will continue to pay you 100% of your Base Salary pursuant to Section&nbsp;3(a) of the Employment
Agreement through December&nbsp;31, 2018, and then for the remainder of the Transition Period will pay you at the rate of 50% of such Base Salary; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;you will continue to be entitled to the reimbursements and other benefits set forth in Sections 3(d) through
(g)&nbsp;of the Employment Agreement; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;your bonus entitlement in respect of 2018 will be determined and paid
pursuant to Section&nbsp;3(b)(ii) of the Employment Agreement, provided that you will not be entitled to any other bonus compensation, including in respect of the portion of the year that you work in 2019; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;you will not be entitled to any further long-term incentive compensation awards, including any share-based awards,
provided that, for the avoidance of doubt, with respect to the awards previously granted to you, you continue to be eligible to vest in accordance with, and subject to, the terms of such awards. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp; <B>Compensation and Obligations upon the Retirement Date</B>. Your entitlements and obligations upon and following
the Retirement Date are as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;You will be entitled to payment of the Accrued Obligations, as defined in
the Employment Agreement. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;You will be entitled to a cash payment equal to the sum of (i)
$650,000 and (ii)&nbsp;the average of the bonuses paid to you pursuant to Section&nbsp;3(b)(ii) of the Employment Agreement for each of 2016, 2017 and 2018, payable in a cash lump sum within 30&nbsp;days after the Retirement Date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;Your restricted stock and stock option awards outstanding as of the date hereof that remain unvested and outstanding
on the Retirement Date will fully vest upon the Release Effective Date (as defined below), and your deferred stock awards outstanding as of the date hereof will vest at the end of the applicable performance period, subject to achievement of the
applicable performance goals, and <FONT STYLE="white-space:nowrap">pro-rated</FONT> based on the portion of the performance period that has elapsed through the Retirement Date, in accordance with the terms of your Deferred Stock Grant Certificates.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;The Company will reimburse you for up to 6 monthly rental payments for the apartment you currently maintain in
Roslyn, New York. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;The Restrictive Covenants set forth in Section&nbsp;5 of the Employment Agreement will
continue to apply following the Retirement Date in the manner set forth in therein. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;The Company agrees that you
may continue to serve out the remainder of your term as a member of the Board (assuming you are serving as such on your Retirement Date), subject to the Board&#146;s right to remove you on account of cause; provided that the Company shall have no
further obligation to nominate you for <FONT STYLE="white-space:nowrap">re-election</FONT> in or following 2019. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;You will not be entitled to any payments or benefits pursuant to Section&nbsp;4 of the Employment Agreement,
provided that you may assume the life insurance policy referenced in Section&nbsp;4(i) of the Employment Agreement in accordance with the terms thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Your entitlements pursuant to subparagraphs (b), (c), (d) and (f)&nbsp;above shall be conditioned upon your execution of the Release attached as
Exhibit&nbsp;A no earlier than the Retirement Date and no later than April&nbsp;22, 2019, and your <FONT STYLE="white-space:nowrap">non-revocation</FONT> of such execution during the <FONT STYLE="white-space:nowrap">7-day</FONT> period following
such execution (the first day following the expiration of such <FONT STYLE="white-space:nowrap">7-day</FONT> period, provided you timely executed the Release and did not revoke your execution of the Release, is referred to as the &#147;<U>Release
Effective Date</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;<B>Termination prior to the Retirement Date. </B>Should your employment terminate
prior to the Retirement Date in accordance with any of subparagraphs (a)&nbsp;through (d) of Paragraph&nbsp;1, your entitlements and obligations will be governed by the applicable provisions of the Employment Agreement, and Paragraph&nbsp;4 above
shall not apply. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.&nbsp;&nbsp;&nbsp;&nbsp;<B>Miscellaneous.</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Except as modified herein, the Employment Agreement will remain in full force and effect in accordance with its
terms. You acknowledge that the Term will be extended to, but not beyond, March&nbsp;15, 2019. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Each of the
provisions of Section&nbsp;7 of the Employment Agreement are incorporated by reference and treated as if they were contained herein. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If this Retirement Agreement is acceptable to you, please sign, date and return it to me by
June&nbsp;11, 2018. At the time that you sign it, this Retirement Agreement shall take effect as a legally binding agreement between you and the Company on the basis set forth above. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


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<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Sincerely,</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Lifetime Brands, Inc.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Robert Kay</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Robert Kay</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Chief Executive Officer</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accepted and agreed: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="20%"></TD>
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<TD WIDTH="79%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Signature:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Ronald Shiftan</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Ronald Shiftan</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">June 11, 2018</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit A </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RELEASE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I, Ronald Shiftan, the
undersigned, agree to accept the payments and benefits set forth on Paragraph 4 of the retirement agreement between me and Lifetime Brands, Inc. (the &#147;Company&#148;) dated as of June&nbsp;11, 2018 (the &#147;Retirement Agreement&#148;) in full
resolution and satisfaction of, and hereby IRREVOCABLY AND UNCONDITIONALLY RELEASE, REMISE AND FOREVER DISCHARGE the Company and Releasees from any and all agreements, promises, liabilities, claims, demands, rights and entitlements of any kind
whatsoever, in law or equity, whether known or unknown, asserted or unasserted, fixed or contingent, apparent or concealed, to the maximum extent permitted by law (&#147;Claims&#148;), which I, my heirs, executors, administrators, successors or
assigns ever had, now have or hereafter can, shall or may have for, upon, or by reason of any matter, cause or thing whatsoever existing, arising, occurring or relating to my employment and/or termination thereof with the Company and Releasees, or
my economic rights as an equity holder of the Company or Releasees, at any time on or prior to the date I execute this Release, including, without limitation, any and all Claims arising out of or relating to compensation, benefits, any and all
contract claims, tort claims, fraud claims, claims for bonuses, commissions, sales credits, etc., defamation, disparagement, or other personal injury claims, claims for accrued vacation pay, claims under any federal, state or municipal wage payment,
harassment, retaliation, discrimination or fair employment practices law, statute or regulation, and claims for costs, expenses and attorneys&#146; fees with respect thereto. This release and waiver includes, without limitation, any and all rights
and claims under Title&nbsp;VII of the Civil Rights Act of 1964, the Civil Rights Acts of 1866, 1871 and 1991, Section&nbsp;1981 of U.S.C,, the Employee Retirement Income Security Act, the Age Discrimination in Employment Act (including but not
limited to the Older Workers Benefit Protection Act), the Americans with Disabilities Act, the Genetic Information <FONT STYLE="white-space:nowrap">Non-discrimination</FONT> Act, the Family and Medical Leave Act, the Equal Pay Act, New York State
Human Rights Law, New&nbsp;York Equal Pay Law, New York Equal Rights Law, New York <FONT STYLE="white-space:nowrap">Off-duty</FONT> Conduct Lawful Activities Discrimination Law, New&nbsp;York State Labor Relations Act, Article <FONT
STYLE="white-space:nowrap">23-A</FONT> of the New York State Corrections Law, New&nbsp;York Whistleblower Statute, New&nbsp;York Family Leave Law, New York Minimum Wage Act, New York Wage and Hour Law, New&nbsp;York Wage Hour and Wage Payment Law,
New&nbsp;York WARN Act, and retaliation provisions of New York Workers&#146; Compensation Law, and all amendments to the foregoing, and any other federal, state or local statute, ordinance, regulation or constitutional provision regarding
employment, compensation, employee benefits, termination of employment or discrimination in employment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Except as permitted by Section&nbsp;5(e) of the
Employment Agreement (as defined in the Retirement Agreement) and explained below, I&nbsp;represent and affirm (i)&nbsp;that I have not filed any Claim against the Company or Releasees and (ii)&nbsp;that to the best of my knowledge and belief, there
are no outstanding Claims. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the purpose of implementing a full and complete release and discharge of Claims, I expressly acknowledge that
this Release is intended to include in its effect, without limitation, all the Claims described in the preceding paragraphs, whether known or unknown, apparent or concealed, and that this Release contemplates the extinction of all such Claims,
including Claims for attorney&#146;s fees. I expressly waive any right to assert after the execution of this Release that any such Claim has, through ignorance or oversight, been omitted from the scope of the Release. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of this Release, the term &#147;the Company and Releasees&#148; includes the Company and its past, present and future direct and indirect
parents, subsidiaries, affiliates, divisions, predecessors, successors, and assigns, and their past, present and future officers, directors, shareholders, representatives, agents, attorneys and employees, in their official and individual capacities,
and all other related individuals and entities, jointly and individually, and this Release shall inure to the benefit of and shall be binding and enforceable by all such entities and individuals. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Notwithstanding anything in this Release to the contrary, I do not waive (i)&nbsp;my existing right to receive vested accrued benefits under plans or programs
of the Company under which I have accrued benefits (other than under any Company separation or severance plan or programs), (ii)&nbsp;any claims that, by law, may not be waived, (iii)&nbsp;any right to indemnification under the governing documents
of the Company or any indemnification agreement between me and the Company, or under any directors and officers insurance policy, with respect to my performance of duties as an officer or director of the Company, (iv)&nbsp;any claim or right I may
have for unemployment insurance benefits, workers&#146; compensation benefits, state disability and/or paid family leave insurance benefits pursuant to the terms of applicable state law and (v)&nbsp;any medical claim incurred during my employment
that is payable under applicable medical plans or an employer-insured liability plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I understand that nothing in this Release, the Retirement Agreement
or the Employment Agreement restricts or prohibits me from initiating communications directly with, responding to any inquiries from, providing testimony before, providing confidential information to, reporting possible violations of law or
regulation to, or from filing a claim or assisting with an investigation directly with a self-regulatory authority or a government agency or entity, including the U.S. Equal Employment Opportunity Commission, the Department of Labor, the National
Labor Relations Board, the Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General (collectively, the &#147;Regulators&#148;), or from making other disclosures that are protected under the
whistleblower provisions of state or federal law or regulation. However, I acknowledge that to the maximum extent permitted by law, I am waiving my right to receive any individual monetary relief from the Company or any others covered by this
Release resulting from such claims or conduct, regardless of whether I or another party has filed them, and in the event I obtain such monetary relief the Company will be entitled to an offset for the payments made pursuant to this Release and the
Retirement Agreement. I understand that this Release and the Retirement Agreement do not limit my right to receive an award from any Regulator that provides awards for providing information relating to a potential violation of law. I further
understand that I do not need the prior authorization of the Company to engage in conduct protected by this Paragraph, and that I do not need to notify the Company that I have engaged in such conduct. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I have taken notice that federal law provides criminal and civil immunity to federal and state claims for trade
secret misappropriation to individuals who disclose a trade secret to their attorney, a court, or a government official in certain, confidential circumstances that are set forth at 18&nbsp;U.S.C. &#167;&#167;&nbsp;1833(b)(1) and 1833(b)(2), related
to the reporting or investigation of a suspected violation of the law, or in connection with a lawsuit for retaliation for reporting a suspected violation of the law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I acknowledge that for purposes of my entitlement to the payments and benefits set forth in Paragraph&nbsp;4 of the Retirement Agreement, this Release will
not become effective unless and until I have signed and returned this Release to the Company, and have not revoked it pursuant to the following paragraph. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I further acknowledge that I have had at least 21 days from my receipt of this Release, to review and consider this Release, to consult with an attorney prior
to executing this Release, and have been provided 7 days to revoke my execution of this Release by delivering a written notice of revocation to the Company. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I ACKNOWLEDGE THAT I HAVE READ THIS </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">RELEASE, AND I UNDERSTAND
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AND VOLUNTARILY ACCEPT ITS TERMS. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOT
TO BE EXECUTED PRIOR TO THE LAST DAY OF EMPLOYMENT. </B></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%"></TD>
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<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:3pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:3pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-size:10pt">Ronald Shiftan</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:10pt">Date</FONT></TD></TR>
</TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><U>Exhibit 99.1 </U></B></P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g606344g98c78.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Lifetime Brands Announces Retirement of Vice Chairman </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>and Chief Operating Officer Ronald Shiftan </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">GARDEN CITY, N.Y., June&nbsp;12, 2018 &#150; Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global provider of branded kitchenware, tableware and other
products used in the home, today announced that Vice Chairman and Chief Operating Officer Ronald Shiftan will retire from his full-time role with the Company effective December&nbsp;31, 2018 and will continue working for the Company in a <FONT
STYLE="white-space:nowrap">part-time</FONT> capacity until March&nbsp;15, 2019. Mr.&nbsp;Shiftan will continue to serve on Lifetime&#146;s Board of Directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Executive Chairman Jeffrey Siegel commented, &#147;We thank Ron for his many years of service and for helping to build Lifetime into one of the world&#146;s
largest housewares companies. We look forward to his continued input as a <FONT STYLE="white-space:nowrap">non-management</FONT> director.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Lifetime Brands, Inc. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Lifetime Brands is a leading
global provider of kitchenware, tableware and other products used in the home. The Company markets its products under well-known kitchenware brands, including Farberware<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, KitchenAid<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Sabatier<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Amco Houseworks<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Chef&#146;n<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP> Chicago&#153; Metallic, Copco<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Fred<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>&nbsp;&amp; Friends, Houdini&#153;,
KitchenCraft<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Kamenstein<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Kizmos&#153;, La&nbsp;Cafeti&egrave;re<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>,
MasterClass<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Misto<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Mossy Oak<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">Swing-A-Way</FONT></FONT><SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> Taylor<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> Kitchen and
Vasconia<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>; respected tableware and giftware brands, including Mikasa<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>,
Pfaltzgraff<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Fitz and Floyd<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Creative Tops<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Empire Silver&#153;, Gorham<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, International<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> Silver, Kirk Stieff<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Rabbit<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP> Towle<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> Silversmiths, Tuttle<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>,
Wallace<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Wilton Armetale<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, V&amp;A<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> and Royal Botanic Gardens Kew<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP>; and valued home solutions brands, including Bombay<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, BUILT NY<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Taylor<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP> Bath and Taylor<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> Weather. The Company also provides exclusive private label products to leading retailers worldwide. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#146;s corporate website is <U>www.lifetimebrands.com</U>. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Contacts: </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Lifetime Brands, Inc.</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><B>LHA</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Laurence Winoker, Chief Financial Officer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Harriet Fried, SVP</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">516-203-3590</FONT></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">212-838-3777</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><U>investor.relations@lifetimebrands.com</U></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><U>hfried@lhai.com</U></TD></TR>
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