Leading Independent Proxy Advisory Firm Glass Lewis Recommends Ethan Allen Shareholders Vote the WHITE Proxy Card “FOR” All Five of Doug Bergeron’s Director Nominees

Glass Lewis recommended Ethan Allen shareholders vote the WHITE proxy card FOR all five of Doug Bergeron's director nominees and WITHHOLD from all five incumbents, including Chairman and CEO M. Farooq Kathwari. The advisory firm cited persistent underperformance, unfulfilled growth promises, and board oversight failures, noting Ethan Allen has been a short-, mid- and long-term underperformer with 'persistently worst-in-class growth.' Egan-Jones has likewise endorsed the dissident slate. Bergeron, holding roughly 5.2% of shares, is seeking a full board spill at the November 4, 2026 annual meeting, backed by a 100-day plan and mid-term operating bridge.

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