Other Information
−Removed: Employment Agreements
−Removed: On November 8, 2023, the Company entered into amendments (each, an “Employment Agreement Amendment”) to the existing effective employment agreements between the Company and each of Daniel Siegel and Laurence Winoker.
−Removed: The Employment Agreement Amendment for Daniel Siegel increases his base salary from $663,000 to $725,000, effective November 1, 2023.
−Removed: The Employment Agreement Amendment for Laurence Winoker increases his target annual bonus attributable to the Company’s Adjusted EBITDA (as defined by Mr.
−Removed: Winoker’s employment agreement) for 2024 and subsequent years from 37.5% of his base salary to 50% of his base salary (the “EBITDA Target Bonus”).
−Removed: In addition, the Employment Agreement Amendment for Mr.
−Removed: Winoker amends Mr.
−Removed: Winoker’s employment agreement to address the Company’s adoption of a compensation recoupment policy.
Rule 10b5-1 Trading Plans
−Removed: None of the Company’s directors or officers adopted, modified, or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the Company’s fiscal quarter ended September 30, 2023.
+Added: None of the Company’s directors or officers adopted, modified, or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the Company’s fiscal quarter ended March 31, 2024.
See the Exhibit Index below, which is incorporated by reference herein.
Exhibit Index
−Removed: Fifth Amendment to the Amended and Restated Employment Agreement, dated as of November 8, 2023, by and between the Company and Laurence Winoker
−Removed: Fourth Amendment to the Employment Agreement, dated as of November 8, 2023, by and between the Company and Daniel Siegel
−Removed: Second Amendment, dated October 19, 2023, to that certain Stockholders Agreement, dated as of March 2, 2018, by and between Lifetime Brands, Inc.
−Removed: and Taylor Parent, LLC (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on October 20, 2023)
+Added: 10.1 Amendment No.4 to the Receivables Purchase Agreement, dated as of February 23, 2024 by and among the Company, as a Seller and as a Seller Agent and initial Servicer, for itself and each of its subsidiaries thereto as a Seller, and HSBC Bank USA, National Association, as Purchaser (incorporated by reference to Exhibit 10.51 to the C omp any's Annual Report on Form 10 - K for the year ended Dece mber 31, 2023)
Certification by Robert B.
16 unchanged sentences
/s/ Robert B.
−Removed: Kay November 9, 2023
+Added: Kay May 9, 2024
Chief Executive Officer and Director
(Principal Executive Officer)
−Removed: /s/ Laurence Winoker November 9, 2023
+Added: /s/ Laurence Winoker May 9, 2024
Laurence Winoker
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.