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Challenges the Board's Assertion That Continuity is the Safer Path Following Two Decades of Declining Revenue, Profitability, and Shareholder Value
Publishes Accountability Matrix That Contrasts Incumbent Directors' Record of Underperformance and Lack of Relevant Expertise with the Proven Leadership and Capabilities of Mr. Bergeron’s Five Nominees
Details Actionable Plan to Break the Cycle of Contraction and Restore Profitable Growth While Maintaining a Regular Dividend at Ethan Allen Under New Board Leadership
Urges Shareholders to Vote the WHITE Universal Proxy Card “FOR” ALL Five of Mr. Bergeron’s Highly Qualified Director Nominees
PARK CITY, Utah--(BUSINESS WIRE)--
Doug Bergeron, a significant shareholder of Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD) with beneficial ownership, collectively with his affiliates and associates, of approximately 5.2% of Ethan Allen’s outstanding common stock, today sent a letter to the Company’s stockholders contrasting the track records and qualifications of the incumbent members of Ethan Allen’s Board of Directors (the “Board”) with those of Mr. Bergeron’s five director nominees seeking election to the Board at the Company’s 2026 Annual Meeting of Stockholders (the “Annual Meeting”). The letter also outlines the credible, actionable plan Mr. Bergeron and his nominees have developed to help restore profitable growth and drive sustainable shareholder value at Ethan Allen, while maintaining a regular dividend.
In the letter, Mr. Bergeron challenges the Board’s portrayal of continuity as the safer path forward, arguing that continuity at Ethan Allen means continued decline and continued irrelevance, and a regular dividend under threat of extinction. He highlights the Company’s deteriorating earnings power and its aging customer base, and warns that Ethan Allen is a shrinking company whose recovery is growing more difficult and more costly by the day, necessitating an urgent change in leadership and direction.
Additional materials related to Mr. Bergeron’s campaign, including video interviews with his five director candidates, may be found at www.EthanAllenGrowth.com. Shareholders are encouraged to follow the campaign’s LinkedIn and X pages to stay informed in real time.
PROTECT YOUR INVESTMENT. RENEW AN AMERICAN ICON. VOTE THE WHITE UNIVERSAL PROXY CARD TODAY
DGB Investment, Inc. and Douglas G. Bergeron, together with the other participants in their solicitation (collectively, “DGB”), have filed a definitive proxy statement and accompanying WHITE universal proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit proxies with respect to the election of DGB’s slate of highly qualified director candidates and the other proposals to be presented at the 2026 annual meeting of stockholders (the “Annual Meeting”) of Ethan Allen Interiors Inc., a Delaware corporation (the “Company”). Stockholders are advised to read the proxy statement and any other documents related to the solicitation of stockholders of the Company in connection with the Annual Meeting because they contain important information, including information relating to the participants in DGB’s proxy solicitation. These materials and other materials filed by DGB with the SEC in connection with the solicitation of proxies are available at no charge on the SEC’s website at http://www.sec.gov. The definitive proxy statement and other relevant documents filed by DGB with the SEC are also available, without charge, by directing a request to DGB’s proxy solicitor, Okapi Partners LLC, at its toll-free number (877) 285-5990 or via email at info@okapipartners.com.
A universal proxy card is a single voting ballot sent to shareholders that lists every director nominee put forward by both the existing board and any challengers, allowing investors to pick any mix of candidates they prefer. Like a combined ballot at a community election, it makes voting easier, increases individual shareholder control, and can materially change the dynamics, cost and likely outcome of contested board elections.
beneficial ownershipfinancial
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
proxy solicitationregulatory
Proxy solicitation is the process of asking shareholders for permission to vote their shares on corporate matters, usually by sending voting forms or requests by mail, email or phone. Investors should watch proxy solicitations because they signal attempts to change control, influence board elections or approve big deals — like neighbors organizing votes on a shared building project — and the outcome can materially affect a company’s strategy and stock value.
