Ethan Allen shareholder Bergeron urges election of all five nominees to replace board majority
ETD•Doug Bergeron urged Ethan Allen shareholders to elect all five of his nominees at the November 4, 2026, annual meeting, saying the move is needed to replace the board majority. He and his affiliates and associates beneficially own approximately 5.2% of the company’s outstanding common stock.
1. Board election contest
Doug Bergeron urged shareholders to elect all five of his nominees at Ethan Allen’s November 4, 2026, annual meeting, seeking board control. Bergeron and his affiliates and associates beneficially own approximately 5.2% of the company’s outstanding common stock.
2. Director and performance criticisms
ISS, Glass Lewis and Egan-Jones recommended removing Farooq Kathwari and David Sable; Glass Lewis and Egan-Jones also backed all five Bergeron nominees. Bergeron cited 2015 court sanctions against incumbent Cynthia Ekberg Tsai for destroying evidence and accused the company of failing to disclose them. He warned that replacing only two directors would preserve incumbent control, citing 15 consecutive quarters of year-over-year sales declines.
