LCUT » Topics » Certain relatives of Jeffrey Siegel, the Chairman of the Board of Directors, Chief Executive Officer and President of the Company are employed by the Company or are retained by the Company to render services on behalf of it.

This excerpt taken from the LCUT DEF 14A filed Apr 29, 2008.

Certain relatives of Jeffrey Siegel, the Chairman of the Board of Directors, Chief Executive Officer and President of the Company are employed by the Company or are retained by the Company to render services on behalf of it.

The compensation amounts as set forth below consist of salary and bonus.

Craig Phillips, a cousin of Jeffrey Siegel, is employed by the Company as its Senior Vice-President—Distribution and Secretary and is a Director. His compensation in 2007 was $319,810.

Daniel Siegel, a son of Jeffrey Siegel, is employed by the Company as its Executive Vice-President—Sales. His compensation in 2007 was $350,614.
  
James Wells, a son-in-law of Jeffrey Siegel and the husband of Tracy Wells, is employed by the Company as its Executive Vice-President—Sales. His compensation in 2007 was
$323,151.

Clifford Siegel, a son of Jeffrey Siegel, is employed by the Company as its Senior Vice-President—Global Supply Chain Management. His total compensation in 2007 was $305,000.

Tracy Wells, a daughter of Jeffrey Siegel and the wife of James Wells, from time-to-time provides legal services to the Company's outlet stores division. She was paid a total of $22,770 in legal fees during 2007.

 

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