PARK CITY, Utah–(BUSINESS WIRE<\/a>)– \nAll three leading independent proxy advisory firms, Institutional Shareholder Services Inc. (\u201cISS\u201d), Glass, Lewis & Co. (\u201cGlass Lewis\u201d) and Egan-Jones Proxy Services (\u201cEgan-Jones\u201d), have unanimously recommended removing Chairman and CEO Farooq Kathwari and Lead Independent Director David Sable. Glass Lewis and Egan-Jones have gone further, recommending that shareholders vote \u201cFOR\u201d all five of Mr. Bergeron\u2019s nominees and withhold votes from the entire incumbent Board. If shareholders replace only Mr. Kathwari and Mr. Sable, however, Cynthia Ekberg Tsai and the other incumbent directors would retain majority control. Ms. Tsai’s record includes the following:<\/p>\n \nMr. Bergeron commented, \u201cShareholders deserve to know the full records of those overseeing the Company. The Board placed someone sanctioned by a court for destroying evidence in charge of the Audit Committee and never told shareholders. Replacing a minority of the Board will not change the status quo. If only two directors are replaced, the Board would remain controlled by the same directors who made those decisions. Ms. Tsai and fellow incumbent directors also entrenched Mr. Kathwari through his employment agreement and, after 15 consecutive quarters of year-over-year sales declines, are forcing shareholders to vote without seeing the Company\u2019s latest financial results.<\/p>\n \n\u201cReplacing a Board majority is a significant move. But after years of underperformance and governance failures, the greater risk is leaving the same directors in charge. We have assembled a first-class slate of director nominees, identified an exceptionally qualified CEO candidate in Stefanie Tsen Ward, and developed a clear first 100-day plan. We are ready to execute and be held accountable, but we need a Board majority and a clear mandate from shareholders to deliver real change.\u201d<\/p>\n \nShareholders with questions on how to vote their shares may visit www.EthanAllenGrowth.com\/How-To-Vote<\/a>. If you have already sent a proxy card furnished by Company management or the Board, you may revoke it by signing, dating and returning the WHITE card or voting instruction form. The latest dated proxy is the only one that counts. Any proxy may be revoked at any time before the Annual Meeting by delivering a written notice of revocation or a later dated proxy, or by voting electronically at the meeting. Written notice may be sent to DGB Investment in care of Okapi at the address below, or to the Company’s Corporate Secretary.<\/p>\n PROTECT YOUR INVESTMENT. RENEW AN AMERICAN ICON. VOTE FOR ALL FIVE DGB NOMINEES ON THE WHITE<\/span> UNIVERSAL PROXY CARD TODAY<\/b><\/p>\n \nAdditional materials related to Mr. Bergeron\u2019s campaign, including video interviews with his five director candidates, may be found at www.EthanAllenGrowth.com<\/a>. Shareholders are encouraged to follow the campaign\u2019s LinkedIn<\/a> and X<\/a> pages to stay informed in real time.<\/p>\n ADDITIONAL INFORMATION<\/b><\/p>\n \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 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 info@okapipartners.com<\/a>.<\/p>\n
\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 highlighted the undisclosed record of incumbent director Cynthia Ekberg Tsai, who is seeking re-election to Ethan Allen\u2019s Board of Directors (the \u201cBoard\u201d) at the Company\u2019s 2026 Annual Meeting of Stockholders (the \u201cAnnual Meeting\u201d) on November 4, 2026.<\/p>\n\n