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Dissidents Fail to Win Ethan Allen Board Seats

2015-11-25 04:17:13| Furniture - Topix.net

Shareholders of Ethan Allen Interiors Inc. elected the seven directors nominated by the furniture company, defeating an effort by activist investor Sandell Asset Management Corp. to win control of the board, according to preliminary results released Tuesday. After its annual meeting in Danbury, Conn., Ethan Allen said shareholders "overwhelmingly" elected its nominees, but didn't provide detailed results.

Tags: board win allen fail

 

Ethan Allen proxy war comes to a vote Tuesday

2015-11-24 01:55:10| Furniture - Topix.net

Farooq Kathwari, CEO of Ethan Allen, discusses his company's business at Ethan Allen's Danbury headquarters, Friday, sept. 18, 2015.

Tags: war tuesday vote allen

 
 

Ethan Allen Election Rules Flawed, ISS Says

2015-11-18 19:29:15| Furniture - Topix.net

The election of directors by shareholders of Ethan Allen Interiors Inc. next week won't necessarily be won by those who get the most votes.

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Ethan Allen Keeps With Tradition; Stores Will be Closed on Thanksgiving Day

2015-11-16 21:26:00| Furniture - Topix.net

Ethan Allen announced today that its nearly 200 U.S. Design Centers will once again be closed on Thanksgiving Day so its associates can spend time at home with family and friends celebrating the true meaning of the holiday. "Thanksgiving is more than a day for shopping, parades, and football," says the company's Chairman, President and CEO Farooq Kathwari.

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Advisory firms back activist's efforts to take over Ethan Allen's board

2015-11-16 18:21:14| Furniture - Topix.net

Two independent advisory firms are recommending that Ethan Allen shareholders vote in favor of board candidates nominted by activist investor Sandell Asset Management during the annual meeting later this month. Sandell, a Manhattan based hedge fund, has been waging a proxy war for months against Ethan Allen Interiors claiming the locally based furniture company hasn't kept up with the competition and needs to provide more return to shareholders.

Tags: back board efforts firms

 

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