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January 22, 2013
16:33 EDTETHEthan Allen reports Q2 EPS ex-items 39c, consensus 37c
Reports Q2 revenue $191.3M, consensus $190.94M. Comparable design center written orders increased 0.1% over the prior year. The company said, "Hurricane Sandy negatively impacted our written orders, delivered sales, and our manufacturing margins during the quarter. Twenty eight of our Retail division design centers and eight independent retailer locations were affected. No adjustment to earnings per share was made to reflect the impact of Hurricane Sandy which we estimate may have been approximately $0.02 to $0.03 per diluted share."
News For ETH From The Last 14 Days
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November 24, 2015
11:48 EDTETHEthan Allen preliminary AM results indicate investors elect director nominees
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10:42 EDTETHSandell says 'disappointed' directors not elected to Ethan Allen board
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November 18, 2015
08:50 EDTETHEthan Allen urges stockholders to vote for director nominees
Ethan Allen issued an open letter to stockholders in connection with its upcoming 2015 Annual Meeting of Stockholders, in which it stated in part: "As you may know, Sandell Asset Management ("Sandell"), a stockholder owning approximately 5.5% of Ethan Allen's outstanding shares, is attempting to take control of your Board by replacing six of seven directors. The Sandell slate of nominees lacks important and relevant experience in Ethan Allen's global, vertically integrated business and has no experience in areas critical to the execution of the Company's strategy, including e-commerce...While we are focused on the future, our recent fiscal first quarter 2016 results underscore the strength of our strategy that the Board and management team are implementing and the value it is creating...We urge you not to risk electing Sandell's nominees, who we believe are not additive to the diverse and highly relevant expertise of the Ethan Allen Board that has a demonstrated track record of execution and stockholder value creation...We reiterate that ISS, Glass Lewis and Egan-Jones have all rejected Sandell's attempt to take control of the Board."
November 16, 2015
16:39 EDTETHEthan Allen says proxy advisor Egan-Jones in favor of company nominees
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08:37 EDTETHEthan Allen: ISS, Glass Lewis recommend all Ethan Allen board nominees
Ethan Allen announced that Institutional Shareholder Services, or ISS, and Glass Lewis have recommended that shareholders reject efforts by Sandell Asset Management to replace six members of the company's board. Glass Lewis has recommended Ethan Allen shareholders vote FOR ALL of the Ethan Allen nominees on the WHITE proxy card. The Ethan Allen board has been recently refreshed through the addition of two new independent directors and is composed of highly qualified directors with a range of experience and expertise in areas critical to Ethan Allen's business, including furniture and retail, e-commerce, real estate and finance. The Ethan Allen Board has a strategic and operating plan in place that is delivering value and continuing to transform the company, with industry leading margins and accelerating top line growth due to its ongoing initiatives. Ethan Allen stockholders are reminded that their vote is important, no matter how many or how few shares they own. The Ethan Allen Board urges shareholders to vote the WHITE proxy card today "FOR ALL" of Ethan Allen's director nominees: James Carlson, Clinton Clark, John Dooner, Jr., Domenick Esposito, M. Farooq Kathwari, James Schmotter and Tara Stacom.
08:15 EDTETHSandell says ISS recommends Ethan Allen investors vote for director nominees
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November 15, 2015
19:24 EDTETHISS backs three Sandell nominees for Ethan Allen board, WSJ says
Proxy advisory firm Institutional Shareholder Services has recommended Ethan Allen shareholders vote for three of the six board candidates nominated by activist investment firm Sandell Asset Management, reports the Wall Street Journal. ISS noted that Sandell has made a "compelling case that change at the board level is warranted," the report adds. Reference Link

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