Sandell Seeks to Correct Ethan Allen’s Misinformation
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Sandell Comments on Recent Ethan Allen (ETH) Presentation; Aims to Correct 'Misinformation'
November 11, 2015 9:21 AM ESTSandell Asset Management Corp. (Sandell), a large shareholder of Ethan Allen Interiors Inc. (Ethan Allen or the Company) (NYSE: ETH), has issued the following commentary after reviewing materials recently filed by Ethan Allen:
Ethan Allens Investor Presentation dated November 4, 2015 and the Companys Stockholder Presentation dated November 9, 2015, along with Ethan Allens November 9, 2015 public letter to shareholders, contain numerous distortions, half-truths, and false statements.
False Statement #1 Ethan Allen has six independent directors
Truth We believe that Ethan Allen is distorting the truth by claiming that six of its directors are independent. We reject... More
