Ethan Allen Preliminary Annual Meeting Results Indicate Stockholders Overwhelmingly Support Election of ALL Ethan Allen Director Nominees
(Thomson Reuters ONE) -
Ethan Allen Preliminary Annual Meeting Results Indicate Stockholders
Overwhelmingly
Support Election of ALL Ethan Allen Director Nominees
DANBURY, Conn., Nov. 24, 2015-Ethan Allen Interiors Inc. ("Ethan Allen" or the
"Company") (NYSE: ETH) today announced that, based on the preliminary vote count
provided by its proxy solicitor following the Company's 2015 Annual Meeting of
Stockholders, Ethan Allen stockholders have overwhelmingly voted to elect ALL of
Ethan Allen's director nominees: James B. Carlson, Clinton A. Clark, John J.
Dooner, Jr., Domenick J. Esposito, M. Farooq Kathwari, James W. Schmotter and
Tara I. Stacom.
Commenting on the preliminary results, Ethan Allen issued the following
statement:
The Ethan Allen Board and management team sincerely thank our stockholders for
their support and the valuable insights they have offered throughout this
process. We are committed to maintaining an open dialogue with all of our
stockholders, and remain confident in our ability to generate near- and long-
term value creation for all Ethan Allen stockholders.
The results of the Annual Meeting confirm the confidence our stockholders have
in our transformation strategy and vision for growth and underscore their
recognition of the strength and expertise of our Board and management team to
create compelling opportunities for continued performance.
With the Annual Meeting behind us, we look forward to continuing to execute on
our transformation strategy, which we expect will generate in excess of $1
billion in sales supported by our well-positioned retail and manufacturing
footprint, completion of our phase 3 and phase 4 initiatives and enhanced
marketing and e-commerce strategies to continue driving value for all Ethan
Allen stockholders.
The preliminary voting also indicated that stockholders approved all of the
other proposals submitted for a vote at the Annual Meeting.
Final results of the election will be published once they are certified by the
independent inspector of elections following the customary review period.
About Ethan Allen
Ethan Allen Interiors Inc. (ETH) is a leading interior design Company and
manufacturer and retailer of quality home furnishings. The Company offers
complimentary interior design service to its clients and sells a full range of
furniture products and decorative accessories through ethanallen.com and a
network of approximately 300 Design Centers in the United States and abroad.
Ethan Allen owns and operates eight manufacturing facilities including five
manufacturing plants and one sawmill in the United States plus one plant each in
Mexico and Honduras. Approximately seventy percent of its products are made in
its North American plants. For more information on Ethan Allen's products and
services, visit ethanallen.com.
Forward Looking Statements
This press release and related discussions should be read in conjunction with
the Company's Annual Report on Form 10-K for the year ended June 30, 2015 (the
"2015 Form 10-K") and other reports filed with the Securities and Exchange
Commission. This press release and related discussions contain forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements include
statements about such matters as: our capital structure; future or targeted
operational and financial performance; liquidity, capital and debt levels;
strategic plans; transformation initiatives; the pending proxy contest, the
impacts thereof and other possible changes in the composition of the Company's
board of directors; any challenges to the composition of the board or results of
election of directors; stock repurchase and dividend plans; our intent to secure
debt or other forms of financing; demand for our products; our position in
markets we serve; and regional and global economic and industry market
conditions and changes therein. Such forward-looking statements reflect
management's current expectations concerning future events and results of the
Company, and are subject to various assumptions, risks and uncertainties
including specifically, and without limitation, those set forth in Part I, Item
1A "Risk Factors" of the 2015 Form 10-K. Accordingly, actual future events or
results could differ materially from those contemplated by the forward-looking
statements. The Company assumes no obligation to update or provide revision to
any forward-looking statement at any time for any reason.
Contact:
Ethan Allen Interiors Inc.
Investor / Media Contact:
Corey Whitely
Executive Vice President, Administration
Chief Financial Officer and Treasurer
cwhitely(at)ethanalleninc.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ethan Allen Interiors Inc. via GlobeNewswire
[HUG#1969160]
Unternehmensinformation / Kurzprofil:
Datum: 24.11.2015 - 17:46 Uhr
Sprache: Deutsch
News-ID 435566
Anzahl Zeichen: 5842
contact information:
Town:
DANBURY
Kategorie:
Business News
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