Ethan Allen Interiors Inc. ("Ethan Allen" or the "Company") (NYSE:ETD), a leading interior design company, manufacturer and retailer in the home furnishings marketplace, today shared a letter from the Company’s Board of Directors (the "Board") to all shareholders in connection with the Company’s Annual Meeting of Stockholders ("Annual Meeting"), scheduled to be held at 11:00 A.M. Eastern Standard Time on November 4, 2026. Shareholders of record as of the close of business on September 11, 2026, are entitled to vote at the Annual Meeting.

The Company’s Board is sending shareholders the letter below, which highlights the following key points:

DGB seeks control of the Company with promises of tripling shareholder value but has not presented an operating plan or a capital allocation strategy to substantiate its claims of growth.
Ethan Allen has not shut its "digital front door" but has rather deployed online designer appointments, live chat, 3D floor planning and other digital tools that help clients connect with the Company’s personalized design services.
Ethan Allen’s independent directors are currently working with a nationally recognized search firm on a CEO transition. Changing the Board now would transfer oversight of both the business and the CEO search to five newcomers during an active leadership transition, creating unnecessary execution risk.
DGB says its nominees have been "held accountable for results." Shareholders should scrutinize the adverse results documented in the letter during selected periods of nominee service: declining revenue at Grove, declining shareholder returns at Cable One, both at Wayfair, and a restatement and SEC action at VeriFone.
Ethan Allen is a debt-free, vertically integrated manufacturer-retailer, and its nominees bring the directly relevant skills: global operations, manufacturing, design-center real estate, brand and digital marketing, finance, and governance. DGB has not demonstrated comparable experience overseeing the full complexity of Ethan Allen’s vertically integrated operating model. It is critical that Ethan Allen Shareholders vote "FOR" the Company's five highly qualified nominees and vote "WITHHOLD" on DGB’s nominees on the BLUE proxy card.