LEADING INDEPENDENT PROXY ADVISORY FIRM ISS RECOMMENDS RETAINING A MAJORITY OF ETHAN ALLEN DIRECTORS; DOES NOT ENDORSE DGB CONTROL
Key Highlights
- ➤ISS recommends three Ethan Allen directors and two DGB nominees
- ➤ISS declines to endorse DGB’s proposal replacing Ethan Allen’s entire board
- ➤ISS cites debt-free balance sheet, cash generation, and significant capital returns
- ➤ISS notes DGB has not identified an interim CEO candidate
- ➤Ethan Allen commits to announcing the next CEO by June 30, 2027
Expert Statements
Cynthia Ekberg Tsai, Ethan Allen director
“Selecting the next CEO and continuing to drive profitable growth are the Board’s primary focus. We believe retaining our full slate keeps the Board in the hands of directors who are already leading the CEO search, and it provides an orderly transfer of institutional knowledge,”
Maria Eugenia Casar, Ethan Allen director
“We believe retaining Mr. Sable’s strategic expertise and independent leadership, together with Mr. Kathwari’s operating knowledge for the handover, provides a stronger basis for the transition than the substitutions recommended by ISS. We urge shareholders to elect our full slate,”
Urges Shareholders to Vote FOR All Five Company Nominees on the BLUE Proxy Card
DANBURY, CT, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD), a leading interior design company, manufacturer and retailer in the home furnishings marketplace, today announced that leading independent proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) has recommended that shareholders vote for a majority of the Company’s nominees and NOT to support DGB Investment’s proposal to replace the Company’s entire Board of Directors (the “Board”) at Ethan Allen’s 2026 Annual Meeting of Stockholders on November 4, 2026.
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