Daily News
From Home Furnishing Business
Ethan Allen Sends Shareholders Letter Urging Board Support
November 18,
2015 by in Financial Reports, Industry 
Ethan Allen (NYSE: ETH) has sent an open letter to its shareholders ahead of Tuesday’s annual meeting urging them vote for the company’s slate of board nominees.
The home furnishings company is in a proxy battle with shareholder Sandell Asset Management, which has proposed replacing six of the company’s seven directors.
The letter, signed by the company’s board of directors, outlines Ethan Allen’s record written orders last month and its anticipated results for this month. Ethan Allen also pointed out that three independent proxy advisory firms had rejected Sandell’s slate of nominated directors for the board.
In the letter, the board outlines its strategy for moving forward that includes refreshing its product designs, enhancing marketing efforts, leveraging real estate holdings to create value and more.
The letter is available in its entirety online.