Sandell Asset Management Corp. ("Sandell"), a large shareholder of Ethan
Allen Interiors Inc. ("Ethan Allen" or the "Company") ETH, has
issued a presentation in connection with its campaign to elect a slate
of new, highly-qualified candidates to the Board of Directors (the
"Board") of Ethan Allen. The presentation, entitled "Re-Design Ethan
Allen: The Case, Candidates and Plan for Change," discusses in great
detail a number of issues plaguing the Company that Sandell believes can
be traced back to one over-arching problem: poor corporate governance
that has enabled the centralization of apparently un-checked power in
the hands of Farooq Kathwari, the Company's Chairman, CEO and President.
The presentation can be found at:
http://www.redesignethanallen.com/content/uploads/2015/11/CaseforChange.pdf
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in