Ethan Allen urges vote for board slate, says DGB lacks plan to triple shareholder value
ETD•Ethan Allen urged shareholders to back its five director nominees ahead of the Nov. 4 annual meeting, saying activist DGB has no operating plan or capital allocation strategy to support its claim of tripling shareholder value. The company cited $187.5 million in cash and investments and $52.5 million in fiscal 2026 operating cash flow.
1. Proxy vote
Ethan Allen urged shareholders to support its five director nominees on the blue proxy card ahead of the Nov. 4 annual meeting. The board opposed DGB’s dissident slate, saying it lacks an operating plan or capital allocation strategy behind its value claims.
2. Board and finances
The company warned that replacing directors during an active CEO search could raise execution risk. It highlighted a debt-free balance sheet, $187.5 million in cash and investments, and $52.5 million in operating cash flow in fiscal 2026.
