DGB seeks full Ethan Allen board overhaul ahead of annual meeting
ETD•Ethan Allen urged shareholders to elect its five nominees and reject DGB’s five candidates at the November 4, 2026, annual meeting, while outlining a CEO transition and warning that DGB’s proposed board replacement could disrupt operations.
1. Board contest and transition
Ethan Allen urged shareholders to elect its five nominees and withhold votes from DGB’s five candidates at the November 4, 2026, annual meeting. The company said it will announce its next CEO by June 30, 2027, separate the CEO and chair roles, and have Farooq Kathwari become a nonexecutive director after the transition before leaving the board at the 2027 annual meeting. DGB has proposed replacing the entire board and appointing an interim CEO; Ethan Allen’s incumbent board warned that the transition could disrupt operations.
