XML 22 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus Performance
In accordance with rules adopted by the Securities and Exchange Commission (“SEC”) pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive “compensation actually paid” (“CAP”, as calculated in accordance with the SEC rules) and certain Company performance measures for the fiscal years listed below. For information regarding the Company’s
pay-for-performance
philosophy and how the Company aligns executive pay with performance, refer to our Compensation Discussion & Analysis (“CD&A”).
 
    
CEO (1)
           
Non-CEO
NEOs (2)
                   
    
Summary
Compensation
Table Total
     
Compensation
Actually Paid
(3)(4)
           
Average
Summary
Compensation
Table Total
     
Average
Compensation
Actually Paid
(3)(4)
            
Year-end value of

$100 invested on
December 31,
2021
   
Net (Loss)
Income
(in millions)
Year    
   
$
     
$
           
$
     
$
            
$
   
$
2024
   
 
3,907,942
 
   
 
2,620,419
 
     
 
1,440,900
 
   
 
1,234,865
 
      
40
   
(15)
2023
   
 
2,760,237
 
   
 
2,496,749
 
     
 
1,358,960
 
   
 
1,323,834
 
      
44
   
(8)
2022
   
 
3,581,605
 
   
 
(348,115
) 
     
 
975,834
 
   
 
519,692
 
      
48
   
(6)
 
(1)
Amounts reported in the CEO columns reflect (i) the total compensation reported in the Summary Compensation Table for Robert Kay, the “CEO”, for each of 2022, 2023 and 2024 and (ii) the CAP for Robert Kay for each of 2022, 2023 and 2024.
 
(2)
Amounts reported in the
Non-CEO
NEOs columns reflect (i) the average of the total compensation reported in the Summary Compensation Table for Jeffrey Siegel, Daniel Siegel, and Laurence Winoker for each of 2022 and 2023; Daniel Siegel and Laurence Winoker for 2024; and (ii) the average CAP for Jeffrey Siegel, Daniel Siegel, and Laurence Winoker for each of 2022 and 2023; Daniel Siegel and Laurence Winoker for 2024.
 
(3)
To calculate the CAP, adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. The deductions from, and additions to, total compensation in the Summary Compensation Table by year that were used to calculate CAP include:
 
         
2024
          
2023
          
2022
  
         
CEO
    
Average Non-
CEO NEOs
          
CEO
    
Average Non-
CEO NEOs
          
CEO
    
Average Non-
CEO NEOs
  
Total Compensation from Summary Compensation Table
    
 $
3,907,942 
 
  
 $
1,440,900 
 
    
 $
2,760,237 
 
  
 $
1,358,960 
 
    
 $
3,581,605 
 
  
 $
975,834 
 
Adjustments for Equity Awards
                  
Adjustment for grant date values in the Summary Compensation Table
    
 $
(1,854,400)
 
  
 $
(317,200)
 
    
 $
(888,000)
 
  
 $
(145,813)
 
    
 $
(2,401,430)
 
  
 $
(199,103)
 
Year-end
fair value of unvested awards granted in the current year
    
 $
1,124,125 
 
  
 $
192,285 
 
    
 $
974,241 
 
  
 $
170,460 
 
    
 $
760,174 
 
  
 $
63,026 
 
Year-over-year difference of
year-end
fair values for unvested awards granted in prior years
    
 $
(135,807)
 
  
 $
(23,227)
 
    
 $
(147,788)
 
  
 $
(13,947)
 
    
 $
(1,649,816)
 
  
 $
(196,778)
 
Difference in fair values between prior
year-end
fair values and vest date fair values for awards granted in prior years
    
 $
(421,441)
 
  
 $
(57,893)
 
    
 $
(201,941)
 
  
 $
(45,826)
 
    
 $
(638,648)
 
  
 $
(123,287)
 
   
 
 
    
 
 
      
 
 
    
 
 
      
 
 
    
 
 
  
Total Adjustments for Equity Awards
    
 $
(1,287,523)
 
  
 $
(206,035)
 
    
 $
(263,488)
 
  
 $
(35,126)
 
    
 $
(3,929,720)
 
  
 $
(456,142)
 
Compensation Actually Paid (as calculated)*
    
 $
2,620,419 
 
  
 $
 1,234,865 
 
    
 $
 2,496,749 
 
  
 $
 1,323,834 
 
    
 $
(348,115)
 
  
 $
519,692 
 
   
 
 
    
 
 
      
 
 
    
 
 
      
 
 
    
 
 
  
*No adjustments were m
a
de for pension or dividends not otherwise included in total compensation.
 
(4)
The equity valuation assumptions used for purposes of calculating CAP are not materially different from the grant date valuation assumptions.
   
Named Executive Officers, Footnote Amounts reported in the
Non-CEO
NEOs columns reflect (i) the average of the total compensation reported in the Summary Compensation Table for Jeffrey Siegel, Daniel Siegel, and Laurence Winoker for each of 2022 and 2023; Daniel Siegel and Laurence Winoker for 2024; and (ii) the average CAP for Jeffrey Siegel, Daniel Siegel, and Laurence Winoker for each of 2022 and 2023; Daniel Siegel and Laurence Winoker for 2024. 		   
PEO Total Compensation Amount $ 3,907,942 $ 2,760,237 $ 3,581,605
PEO Actually Paid Compensation Amount $ 2,620,419 2,496,749 (348,115)
Adjustment To PEO Compensation, Footnote
(3)
To calculate the CAP, adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. The deductions from, and additions to, total compensation in the Summary Compensation Table by year that were used to calculate CAP include:
 
         
2024
          
2023
          
2022
  
         
CEO
    
Average Non-
CEO NEOs
          
CEO
    
Average Non-
CEO NEOs
          
CEO
    
Average Non-
CEO NEOs
  
Total Compensation from Summary Compensation Table
    
 $
3,907,942 
 
  
 $
1,440,900 
 
    
 $
2,760,237 
 
  
 $
1,358,960 
 
    
 $
3,581,605 
 
  
 $
975,834 
 
Adjustments for Equity Awards
                  
Adjustment for grant date values in the Summary Compensation Table
    
 $
(1,854,400)
 
  
 $
(317,200)
 
    
 $
(888,000)
 
  
 $
(145,813)
 
    
 $
(2,401,430)
 
  
 $
(199,103)
 
Year-end
fair value of unvested awards granted in the current year
    
 $
1,124,125 
 
  
 $
192,285 
 
    
 $
974,241 
 
  
 $
170,460 
 
    
 $
760,174 
 
  
 $
63,026 
 
Year-over-year difference of
year-end
fair values for unvested awards granted in prior years
    
 $
(135,807)
 
  
 $
(23,227)
 
    
 $
(147,788)
 
  
 $
(13,947)
 
    
 $
(1,649,816)
 
  
 $
(196,778)
 
Difference in fair values between prior
year-end
fair values and vest date fair values for awards granted in prior years
    
 $
(421,441)
 
  
 $
(57,893)
 
    
 $
(201,941)
 
  
 $
(45,826)
 
    
 $
(638,648)
 
  
 $
(123,287)
 
   
 
 
    
 
 
      
 
 
    
 
 
      
 
 
    
 
 
  
Total Adjustments for Equity Awards
    
 $
(1,287,523)
 
  
 $
(206,035)
 
    
 $
(263,488)
 
  
 $
(35,126)
 
    
 $
(3,929,720)
 
  
 $
(456,142)
 
Compensation Actually Paid (as calculated)*
    
 $
2,620,419 
 
  
 $
 1,234,865 
 
    
 $
 2,496,749 
 
  
 $
 1,323,834 
 
    
 $
(348,115)
 
  
 $
519,692 
 
   
 
 
    
 
 
      
 
 
    
 
 
      
 
 
    
 
 
  
*No adjustments were m
a
de for pension or dividends not otherwise included in total compensation.
 
    
Non-PEO NEO Average Total Compensation Amount $ 1,440,900 1,358,960 975,834
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,234,865 1,323,834 519,692
Adjustment to Non-PEO NEO Compensation Footnote
(3)
To calculate the CAP, adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. The deductions from, and additions to, total compensation in the Summary Compensation Table by year that were used to calculate CAP include:
 
         
2024
          
2023
          
2022
  
         
CEO
    
Average Non-
CEO NEOs
          
CEO
    
Average Non-
CEO NEOs
          
CEO
    
Average Non-
CEO NEOs
  
Total Compensation from Summary Compensation Table
    
 $
3,907,942 
 
  
 $
1,440,900 
 
    
 $
2,760,237 
 
  
 $
1,358,960 
 
    
 $
3,581,605 
 
  
 $
975,834 
 
Adjustments for Equity Awards
                  
Adjustment for grant date values in the Summary Compensation Table
    
 $
(1,854,400)
 
  
 $
(317,200)
 
    
 $
(888,000)
 
  
 $
(145,813)
 
    
 $
(2,401,430)
 
  
 $
(199,103)
 
Year-end
fair value of unvested awards granted in the current year
    
 $
1,124,125 
 
  
 $
192,285 
 
    
 $
974,241 
 
  
 $
170,460 
 
    
 $
760,174 
 
  
 $
63,026 
 
Year-over-year difference of
year-end
fair values for unvested awards granted in prior years
    
 $
(135,807)
 
  
 $
(23,227)
 
    
 $
(147,788)
 
  
 $
(13,947)
 
    
 $
(1,649,816)
 
  
 $
(196,778)
 
Difference in fair values between prior
year-end
fair values and vest date fair values for awards granted in prior years
    
 $
(421,441)
 
  
 $
(57,893)
 
    
 $
(201,941)
 
  
 $
(45,826)
 
    
 $
(638,648)
 
  
 $
(123,287)
 
   
 
 
    
 
 
      
 
 
    
 
 
      
 
 
    
 
 
  
Total Adjustments for Equity Awards
    
 $
(1,287,523)
 
  
 $
(206,035)
 
    
 $
(263,488)
 
  
 $
(35,126)
 
    
 $
(3,929,720)
 
  
 $
(456,142)
 
Compensation Actually Paid (as calculated)*
    
 $
2,620,419 
 
  
 $
 1,234,865 
 
    
 $
 2,496,749 
 
  
 $
 1,323,834 
 
    
 $
(348,115)
 
  
 $
519,692 
 
   
 
 
    
 
 
      
 
 
    
 
 
      
 
 
    
 
 
  
*No adjustments were m
a
de for pension or dividends not otherwise included in total compensation.
 
    
Compensation Actually Paid vs. Total Shareholder Return
NEO CAP and Lifetime Brands’ Cumulative TSR
The graph below depicts the relationship between CEO and Average NEO’s CAP to the Company’s cumulative TSR. As depicted, CAP is generally aligned with cumulative TSR performance over the preceding three years.
 
LOGO 		   
Compensation Actually Paid vs. Net Income
NEO CAP and Lifetime Brands’ Net (Loss) Income
The graph below depicts the relationship between CEO and Average NEO’s CAP to the Company’s net (loss) income. While CAP increased in 2023 and remained relatively stable in 2024, the net loss continued to increase over the three years.
 
LOGO 		   
Total Shareholder Return Amount $ 40 44 48
Net Income (Loss) $ (15,000,000) (8,000,000) (6,000,000)
PEO Name Robert Kay    
PEO | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (1,287,523) (263,488) (3,929,720)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (1,854,400) (888,000) (2,401,430)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 1,124,125 974,241 760,174
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (135,807) (147,788) (1,649,816)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (421,441) (201,941) (638,648)
Non-PEO NEO | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (206,035) (35,126) (456,142)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (317,200) (145,813) (199,103)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 192,285 170,460 63,026
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (23,227) (13,947) (196,778)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (57,893) $ (45,826) $ (123,287)