Mill Road Capital II Reduces Stake in Lifetime Brands, Inc. (LCUT) Below 5% Threshold

On June 17, 2026, Mill Road Capital II, L.P., along with its general partner Mill Road Capital II GP LLC and Thomas E. Lynch, filed Amendment No. 13 to their Schedule 13D for Lifetime Brands, Inc. (LCUT). The reporting persons currently beneficially own 1,063,079 shares of Common Stock, representing approximately 4.7% of the company based on 22,855,008 shares outstanding. This filing reflects a decrease in holdings below the 5% threshold, as the previous ownership was not specified but now stands at 4.7%. During the reporting period from April 18, 2026, to June 17, 2026, the Fund sold 1,382 shares on June 15 at $9.2930 and 1,349 shares on June 16 at $9.2424. Additionally, the Fund sold standard American-style call options covering 120,800 underlying shares with a strike price of $7.50 and an expiration date of November 20, 2026. The acquisitions were funded through working capital and margin loan facilities. Thomas E. Lynch maintains shared voting and dispositive power over the shares in his capacity as Chairman and Management Committee Director.