{"id":1009548,"date":"2026-10-13T09:52:46","date_gmt":"2026-10-13T13:52:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/doug-bergeron-releases-investor-presentation-highlighting-urgent-need-for-change-and-clear-plan-to-revitalize-growth-at-ethan-allen\/"},"modified":"2026-10-13T09:52:46","modified_gmt":"2026-10-13T13:52:46","slug":"doug-bergeron-releases-investor-presentation-highlighting-urgent-need-for-change-and-clear-plan-to-revitalize-growth-at-ethan-allen","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/doug-bergeron-releases-investor-presentation-highlighting-urgent-need-for-change-and-clear-plan-to-revitalize-growth-at-ethan-allen\/","title":{"rendered":"Doug Bergeron Releases Investor Presentation Highlighting Urgent Need for Change and Clear Plan to Revitalize Growth at Ethan Allen"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistcircle { list-style-type: circle }\n.bwlistdisc { list-style-type: disc }\n.bwmarginl1 { margin-left: 30px }\n.bwpadl0 { padding-left: 0px }\n.bwtablemarginb { margin-bottom: 10px }\n.bwuline { text-decoration: underline }\n.bwvertalignt { vertical-align: top }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Doug Bergeron Releases Investor Presentation Highlighting Urgent Need for Change and Clear Plan to Revitalize Growth at Ethan Allen<\/b><\/p>\n<p class=\"bwalignc\"><b><i>Details Two Decades of Contraction Under a Board and Management Team That Repeatedly Protected and Extended the Status Quo and Who Lack the Capabilities and Skills Required by a Modern Home Furnishings Retailer<\/i><\/b><\/p>\n<p class=\"bwalignc\"><b><i>Introduces a Focused Plan to Responsibly Transition Leadership and Restore Growth, Beginning with a Clear First 100 Days Led by a Highly Engaged and Qualified Board That is Committed to Supporting Ethan Allen\u2019s Employee Base<\/i><\/b><\/p>\n<p class=\"bwalignc\"><b><i>Extends Invitation to Chairman and CEO Farooq Kathwari to Serve as Chairman Emeritus and Special Advisor During Transition Period<\/i><\/b><\/p>\n<p class=\"bwalignc\"><b><i>Urges Shareholders to Vote the <span class=\"bwuline\">WHITE<\/span> Universal Proxy Card \u201cFOR\u201d <span class=\"bwuline\">ALL<\/span> Five of Mr. Bergeron\u2019s Highly Qualified Director Nominees<\/i><\/b><\/p>\n<p class=\"bwalignc\"><b><i>View the Presentation and Related Materials at <\/i><\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.EthanAllenGrowth.com%2FMaterials&amp;esheet=54620716&amp;newsitemid=20261012120072&amp;lan=en-US&amp;anchor=www.EthanAllenGrowth.com%2FMaterials&amp;index=1&amp;md5=9aa74add033287c75a1fc58def900b07\"><b><i>www.EthanAllenGrowth.com\/Materials<\/i><\/b><\/a><\/p>\n<p>PARK CITY, Utah&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nDoug Bergeron, a significant shareholder of Ethan Allen Interiors Inc. (\u201cEthan Allen\u201d or the \u201cCompany\u201d) (NYSE: ETD) with beneficial ownership, collectively with his affiliates and associates, of approximately 5.2% of Ethan Allen\u2019s outstanding common stock, today released a comprehensive presentation detailing why the Company\u2019s Board of Directors (the \u201cBoard\u201d) must be reconstituted following two decades of contraction and governance failures, and how, if elected, his five highly qualified director nominees would responsibly transition leadership and execute a focused plan to restore growth, accountability, and shareholder value at the Company.<\/p>\n<p>\nMr. Bergeron encourages all shareholders to review the presentation, which is available <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcdn.prod.website-files.com%2F6a5f6eeefeff83512078075d%2F6acd76a1fa68785e0f69978d_Ethan%2520Allen%2520Growth%2520Memo.pdf&amp;esheet=54620716&amp;newsitemid=20261012120072&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=7e16398717312d4c8b9e78e9c4ae3ea3\">here<\/a>, so they can make an informed decision regarding the future of their investment at the Company\u2019s 2026 Annual Meeting of Stockholders (the \u201cAnnual Meeting\u201d).<\/p>\n<p>\nHighlights of the presentation include:<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>The Assets of a Winner, the Record of a Company in Retreat.<\/b> Ethan Allen is an iconic American brand with more than 90 years of heritage, ~61% gross margins, owned North American manufacturing and customization, a national showroom and design network, and substantial financial flexibility. Yet despite continued promises of growth by the Board and management, since fiscal year 2006, the Company is down materially across nearly every discernible metric \u2013 revenue, earnings, enterprise value, market capitalization, and workforce \u2013 while peers invested in brand, digital, and stores and compounded into much larger platforms.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>A Board That Protected the Status Quo. <\/b>After 38 years under the same Chairman and CEO Farooq Kathwari, Mr. Bergeron believes the Board chose acquiescence over accountability, repeatedly extending Mr. Kathwari\u2019s tenure and lowering performance hurdles. Since the 2015 proxy contest alone, the Board has delivered more than $55 million of compensation and special-dividend value to Mr. Kathwari, his family and related entities<sup>1<\/sup>, while shareholders and employees were left with a shrinking company.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>The Directors Who Presided Over the Decline Should Not Select the Next CEO.<\/b> A formal CEO search and transition timetable became public on September 21, 2026, only after Mr. Bergeron and his director candidates launched their own independent CEO search on September 10, 2026. The same directors who failed to plan for succession, repeatedly extended Mr. Kathwari\u2019s tenure, and failed to impose sufficient accountability as the business contracted should not be entrusted to choose Mr. Kathwari\u2019s successor.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>Five Nominees, One Complementary Board. <\/b>Doug Bergeron, Anna Brockway, Kristine Miller, Steve Oblak, and Stefanie Tsen Ward bring complementary experience across home furnishings, modern retail, brand, digital, merchandising, manufacturing, growth, capital allocation, transformation, and governance. These are the capabilities and skills required by Ethan Allen today \u2013 and precisely the capabilities and skills lacked by the incumbent Board.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>A Focused Plan and a Clear First 100 Days.<\/b> Mr. Bergeron and his director nominees have developed a focused and actionable plan to responsibly transition leadership and position Ethan Allen for the future. The plan will seek to:\n<ul class=\"bwlistcircle\">\n<li>\nRejuvenate the Ethan Allen brand and ignite customer growth;<\/p>\n<\/li>\n<li>\nTransform product and merchandising;<\/p>\n<\/li>\n<li>\nRevitalize digital and retail experiences; and<\/p>\n<\/li>\n<li>\nImprove operations and technology.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>\nThe plan is supported by three key enablers: talent, capital allocation, and governance. If elected, Mr. Bergeron and his nominees will:<\/p>\n<ul class=\"bwlistcircle bwmarginl1\">\n<li>\nInvest in Ethan Allen\u2019s people while strengthening leadership and critical capabilities;<\/p>\n<\/li>\n<li>\nProtect the regular dividend while funding growth that earns attractive returns; and<\/p>\n<\/li>\n<li>\nSet direction and provide engaged oversight, working closely with management on strategic decisions while instilling accountability for results.<\/p>\n<\/li>\n<\/ul>\n<p class=\"bwmarginl1\">\nUnderpinning the plan is a clear first 100 days, beginning with the appointment of an experienced interim CEO and a strategic reset led by the highly engaged Board. Over that period, the Board will validate the key assumptions and economics underlying the Company\u2019s strategic direction, prioritize the capabilities required for execution, and finalize detailed operating and investment initiatives, culminating in the establishment of a new direction, funded priorities, and accountable owners. Protecting Ethan Allen\u2019s core strengths and acting with discipline will be central to Mr. Bergeron and his nominees\u2019 stewardship.<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Ethan Allen Employees Are Calling for Change \u2013 And We Hear Them.<\/b> Since launching the campaign, Mr. Bergeron and his nominees have received numerous unsolicited messages from Ethan Allen employees expressing support for change and frustration with the Company\u2019s leadership, culture, and direction. Mr. Bergeron and his nominees believe Ethan Allen\u2019s employees are one of its most important assets and, if elected, intend to listen broadly across the organization, retain and support high-performing employees and institutional knowledge, and build a culture where people are empowered to speak openly, contribute ideas, and help Ethan Allen succeed.\n<\/li>\n<\/ul>\n<p>\nThe presentation also notes that, should Mr. Bergeron and his director nominees be elected at the Annual Meeting, they would extend an invitation to Mr. Kathwari to serve as Chairman Emeritus and special advisor to the Board during the planned leadership transition, subject to his acceptance. This non-voting, consultative role recognizes Mr. Kathwari\u2019s past contributions to the Company while preserving the independence and fresh start Ethan Allen and its Board need to reverse the Company\u2019s downward spiral and chart a new path forward.<\/p>\n<p>\nAdditional materials related to Mr. Bergeron\u2019s campaign, including video interviews with his five director candidates, may be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.EthanAllenGrowth.com&amp;esheet=54620716&amp;newsitemid=20261012120072&amp;lan=en-US&amp;anchor=www.EthanAllenGrowth.com&amp;index=3&amp;md5=23bd6748ec8612a3458e66a68a4fd9f3\">www.EthanAllenGrowth.com<\/a>. Shareholders are encouraged to follow the campaign\u2019s <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fethan-allen-growth%2Fhome%2F&amp;esheet=54620716&amp;newsitemid=20261012120072&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=4&amp;md5=46b34634db599471469e91f28dda1a47\">LinkedIn<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fx.com%2FEthanAllenGrow&amp;esheet=54620716&amp;newsitemid=20261012120072&amp;lan=en-US&amp;anchor=X&amp;index=5&amp;md5=9f449b6fbe1a4d9ccc5d93b75133c660\">X<\/a> pages to stay informed in real time.<\/p>\n<p class=\"bwalignc\"><b>PROTECT YOUR INVESTMENT. RENEW AN AMERICAN ICON. VOTE THE <span class=\"bwuline\">WHITE<\/span> UNIVERSAL PROXY CARD TODAY<\/b><\/p>\n<p>\nShareholders with questions on how to vote their shares may visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.EthanAllenGrowth.com%2FHow-To-Vote&amp;esheet=54620716&amp;newsitemid=20261012120072&amp;lan=en-US&amp;anchor=www.EthanAllenGrowth.com%2FHow-To-Vote&amp;index=6&amp;md5=2bba7dbafd2535db46819085f45dfaf6\">www.EthanAllenGrowth.com\/How-To-Vote<\/a>.<\/p>\n<p class=\"bwalignc\"><b>ADDITIONAL INFORMATION<\/b><\/p>\n<p>\nDGB Investment, Inc. and Douglas G. Bergeron, together with the other participants in their solicitation (collectively, \u201cDGB\u201d), have filed a definitive proxy statement and accompanying WHITE universal proxy card with the Securities and Exchange Commission (\u201cSEC\u201d) to be used to solicit proxies with respect to the election of DGB\u2019s slate of highly qualified director candidates and the other proposals to be presented at the 2026 annual meeting of stockholders (the \u201cAnnual Meeting\u201d) of Ethan Allen Interiors Inc., a Delaware corporation (the \u201cCompany\u201d). 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\u2019s 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\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54620716&amp;newsitemid=20261012120072&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.sec.gov&amp;index=7&amp;md5=a0db7cf625b363023c4d0f26ed59a92a\">http:\/\/www.sec.gov<\/a>. 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\u2019s proxy solicitor, Okapi Partners LLC, at its toll-free number (877) 285-5990 or via email at <a rel=\"nofollow\" href=\"mailto:info@okapipartners.com\">info@okapipartners.com<\/a>.<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>1<\/sup> Based on compensation and dividend figures reported in the Company\u2019s SEC filings and share price data from Bloomberg.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\n\u00a0<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261012120072r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20261012120072\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261012120072\/en\/<\/a><\/span><\/p>\n<p>\nMedia:<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:DGB@gasthalter.com\">DGB@gasthalter.com<\/a><\/p>\n<p>\nInvestor:<br \/>\n<br \/>Bruce Goldfarb \/ Chuck Garske<br \/>\n<br \/>Okapi Partners<br \/>\n<br \/>(877) 285-5990<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:info@okapipartners.com\">info@okapipartners.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Utah United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Home Goods Interior Design Retail Department Stores Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Doug Bergeron Releases Investor Presentation Highlighting Urgent Need for Change and Clear Plan to Revitalize Growth at Ethan Allen Details Two Decades of Contraction Under a Board and Management Team That Repeatedly Protected and Extended the Status Quo and Who Lack the Capabilities and Skills Required by a Modern Home Furnishings Retailer Introduces a Focused Plan to Responsibly Transition Leadership and Restore Growth, Beginning with a Clear First 100 Days Led by a Highly Engaged and Qualified Board That is Committed to Supporting Ethan Allen\u2019s Employee Base Extends Invitation to Chairman and CEO Farooq Kathwari to Serve as Chairman Emeritus and Special Advisor During Transition Period Urges Shareholders to Vote the WHITE Universal Proxy Card \u201cFOR\u201d ALL Five of Mr. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/doug-bergeron-releases-investor-presentation-highlighting-urgent-need-for-change-and-clear-plan-to-revitalize-growth-at-ethan-allen\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Doug Bergeron Releases Investor Presentation Highlighting Urgent Need for Change and Clear Plan to Revitalize Growth at Ethan Allen&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1009548","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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