Oneida shareholder meeting votes to reduce board

Shareholders at Oneida Ltd.“s 124th Annual Meeting held on 25 May 2005 at the Hyatt Regency in Chicago, approved amendments to the company“s Certificate of Incorporation reducing the minimum require…

Shareholders at Oneida Ltd.“s 124th Annual Meeting held on 25 May 2005 at the Hyatt Regency in Chicago, approved amendments to the company“s Certificate of Incorporation reducing the minimum required size of the Board of Directors from nine to five Directors, increasing to 100,000,000 the number of authorized shares of Company Common Stock, and increasing to 10,000,000 the number of authorized shares of Company Series Preferred Stock. Shareholders also elected six current members of the Board of Directors to continue to serve as follows: Hugh R. Rovit and Terry G. Westbrook for one-year terms expiring in May 2006; Fred Spivak for a two-year term expiring in May 2007; and William C. Langley, Christopher H. Smith and Nick White for three-year terms expiring in May 2008. Two members of the Board of Directors, Peter J. Marshall and Gregory M. Harden will continue to serve three year terms expiring in May 2006 and May 2007 respectively. Mr. Smith succeeds Peter J. Kallet who served as Chairman of the Oneida Board from 2000. In March 2005, Mr. Kallet announced his resignation as Chairman of the Company“s Board of Directors effective 25 May 2005. Mr. Kallet was Chief Executive Officer of Oneida from 1998 through March 2005. At their 24 May 2005 meeting, the Oneida Board honored Mr. Kallet for his 35 years of dedicated service to the company. Oneida is a supplier of flatware, dinnerware, crystal, glassware and metal serveware for both the consumer and food service industries worldwide.