Ethan Allen shareholder Bergeron seeks board overhaul with five-director slate for 2026 meeting

• Activist shareholder Doug Bergeron filed a preliminary proxy to nominate five directors for Ethan Allen’s 2026 annual meeting.
• Bergeron disclosed 5.2% beneficial ownership, including affiliates and associates.
• Campaign targets CEO Farooq Kathwari, citing long-term underperformance, declining revenue since 2006, weak governance, lost market share.
• Criticized special dividends as draining cash, urging reinvestment in digital tools, omnichannel capabilities, marketing, retail execution.
• Proposed slate includes Bergeron, Anna Brockway, Kristine Miller, Steve Oblak, Stefanie Tsen Ward.

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