Ethan Allen shareholder Doug Bergeron urges vote for new directors, interim CEO plan at 2026 annual meeting

Bitget2026/10/13 12:01

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Activist shareholder Doug Bergeron, holder of about 5.2% of Ethan Allen, escalated a proxy fight ahead of the 2026 annual meeting.
Bergeron urged shareholders to back his five director nominees, arguing the board should be reconstituted following years of contraction.
Campaign criticized long-serving CEO Farooq Kathwari’s tenure, citing more than $55 million in compensation and special-dividend value since 2015.
Bergeron said the board should not control CEO succession, noting a public search timeline emerged only after his group launched its own search.
Plan calls for an interim CEO within 100 days, a strategic reset, growth investment while protecting the regular dividend, and tighter governance oversight.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ethan Allen Interiors Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261012120072) on October 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Ethan Allen shareholder Doug Bergeron urges vote for new directors, interim CEO plan at 2026 annual meeting

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