Egan-Jones urges Ethan Allen shareholders to vote FOR all DGB Investment nominees on the WHITE card at the November 4 annual meeting. Drawing on Warren Buffett's experience in textiles, the firm argues furniture is largely a commoditized business with easily copied designs, weak brand recognition and little pricing power. Ethan Allen's sales have declined for several consecutive years, and it paid more in dividends than free cash flow in fiscal 2026 before declaring a $3.00 special dividend, about $76 million, two weeks after the contest began. Egan-Jones believes DGB's nominees, including a former Wayfair chief commercial officer and an eBay former chief strategy officer, are better placed to use Ethan Allen's brand, factories and debt-free balance sheet. DGB plans to name an interim CEO on November 4 if it wins.
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