Occasional Digest

Glass Lewis backs activist’s bid to replace entire Ethan Allen board (ETD:NYSE)

An Ethan Allen store in Sarasota, Florida, USA.

JHVEPhoto/iStock Editorial via Getty Images

Proxy advisory firm Glass Lewis has recommended that Ethan Allen (ETD) shareholders support activist investor Doug Bergeron’s campaign to replace all five directors, including longtime Chief Executive Farooq Kathwari, intensifying a boardroom battle ahead of the furniture maker’s Nov. 4 annual meeting.

Source link

Exit mobile version