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Ethan Allen Interiors: Jones Is Second Firm To Recommend FOR ALL Ethan Allen Nominees Following Glass Lewis Recommendation FOR ALL Ethan Allen Nominees

The following excerpt is from the company's SEC filing.

Ethan Allen Reiterates ISS Rejection of Sandell’s Attempt to Take Control

of the Board

DANBURY, Conn., Nov. 16, 2015 -- Ethan Allen Interiors Inc. ("Ethan Allen" or the "Company") (NYSE:ETH) today announced that Egan-Jones Ratings Company ("Egan-Jones"), a leading independent proxy voting and corporate governance firm, has recommended that stockholders vote FOR ALL Ethan Allen’s nominees and FOR ALL proposals on the WHITE proxy card at the Company’s November 24, 2015 Annual Meeting of Stockholders.

Ethan Allen notes that Egan-Jones is now the second independent proxy advisory firm to recommend ALL of Ethan Allen’s nominees following the recommendation from another leading proxy advisory firm, Glass Lewis, in a report issued on November 13, 2015. The Company also reiterated that Institutional Shareholder Services (“ISS”) recommended that stockholders reject efforts by Sandell Asset Management Corp. (“Sandell”) to replace six members of the Company’s Board of Directors.

In its report issued today, Egan-Jones stated,

“We believe that it is in the best interests of stockholders to vote with Management using the White Proxy Card because the dissidents have made an insufficient case to warrant their election to the Company’s Board of Directors.”

Ethan Allen noted:

We are pleased that Egan-Jones and Glass Lewis, two leading independent proxy advisory firms, recognize the strength of our independent, highly qualified and engaged Board of Directors and the actions the Board and management team are taking to continue creating value through the execution of our ongoing strategy. With this oversight, and a strong management team in place, we believe we are well positioned to deliver results through the remainder of 2015, into 2016 and beyond. The Ethan Allen Board urges stockholders to protect their investment by voting FOR all the Company’s nominees in the WHITE proxy card TODAY.

Ethan Allen stockholders are reminded that their vote is important, no matter how many or how few shares they...


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