Furniture Brands (FBN) Files Letter with SEC, Opposes SCSF Proposal

April 7, 2008 9:44 AM EDT

Furniture Brands International (NYSE: FBN) filed with the Securities and Exchange Commission the following letter to all stockholders eligible to vote at the company's 2008 annual meeting on May 1, 2008:

We are writing you at an important time for Furniture Brands. We are asking that you support all of your Board's nominees that are up for election at this year's Annual Meeting of Stockholders on May 1. In this letter, we will summarize why this vote is so important.

The Company's transformational plan is in its early stages and is already showing progress. We now have the right management team in place to execute the turnaround strategy, have significantly strengthened our balance sheet and are delivering results in a very challenging market environment. We're very excited about the future of Furniture Brands.

As you may know, Sun Capital, which owns substantial stakes in many of our competitors, has acquired an equity position in our Company and now is trying to run a proxy fight to put its hand-picked nominees on our Board. Sun Capital has previously indicated a verbal indication of interest in acquiring Furniture Brands in a proposal that undervalued the Company and was subject to due diligence. Sun Capital appears to be unhappy that your Board rejected this attempt to capture value that belongs to our stockholders. Simply put, Sun Capital's agenda is not your agenda.

(See Complete Filing Under Symbol FBN)

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