Ethan Allen Activist Investor Doug Bergeron Proposes Stefanie Tsen Ward As Interim CEO If His Five Director Nominees Win Board Seats At November 4 Annual Meeting

Ms. Ward Brings a Track Record of Modernizing Iconic Retail Brands Through the Integration of Digital and In-Store Experiences and is Prepared to Lead Ethan Allen from Day One

Shareholders Should Not Empower the Incumbent Board to Select Ethan Allen’s Next CEO After Failing to Undertake Meaningful Succession Planning Until Faced with a Contested Election

Mr. Bergeron Urges Shareholders to Vote the WHITE Proxy Card "FOR" All Five Director Nominees Ahead of the November 4 Annual Meeting

Doug Bergeron, a significant shareholder of Ethan Allen Interiors Inc. ("Ethan Allen" or the "Company") (NYSE:ETD) with beneficial ownership, collectively with his affiliates and associates, of approximately 5.2% of Ethan Allen’s outstanding common stock, today announced that his director nominees, if elected, intend to recommend that the Company’s Board of Directors (the "Board") appoint Stefanie Tsen Ward as interim Chief Executive Officer of Ethan Allen following the Company’s 2026 Annual Meeting of Stockholders (the "Annual Meeting"). Ms. Ward is one of Mr. Bergeron’s five existing director nominees seeking election at the Annual Meeting.

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Stefanie Tsen Ward

Ms. Ward is a seasoned operating executive with deep experience at leading global luxury retail brands. Most recently, as Chief Integrated Retail and Customer Officer at Neiman Marcus Group, she led the $4.5 billion retailer’s transformation into a more profitable, customer-led omnichannel enterprise, overseeing approximately 70% of total company revenue, more than 40 stores and 6,000 associates. During her tenure, she restored customer growth and improved store level profitability, while also scaling Neiman Marcus’ associate-led remote selling into a $1 billion business. She previously held senior roles at Sephora, where she oversaw in-store digital tools and omnichannel services, and at Louis Vuitton, where she served as General Manager of Canada.

Consistent with Mr. Bergeron’s plan to transition leadership and restore profitable growth at Ethan Allen, if his slate is elected, Ms. Ward would assume responsibility for day-to-day operations immediately following the 2026 Annual Meeting, while the reconstituted Board executes a disciplined first 100-day plan focused on validating the key assumptions and economics underlying the Company’s strategic direction and completing a rigorous search for a permanent CEO. Ms. Ward would work in close partnership with Mr. Bergeron, whose experience as a public company CEO and operator would complement her deep retail expertise. As previously announced, Ethan Allen’s Chairman, President and CEO Farooq Kathwari would be offered a non-voting advisory role as Chairman Emeritus during the planned leadership transition.