Ethan Allen shareholder Doug Bergeron urges vote for new directors, interim CEO plan at 2026 annual meeting

By Public Technologies
  • Activist shareholder Doug Bergeron, holder of about 5.2% of Ethan Allen, escalated a proxy fight ahead of the 2026 annual meeting.
  • Bergeron urged shareholders to back his five director nominees, arguing the board should be reconstituted following years of contraction.
  • Campaign criticized long-serving CEO Farooq Kathwari’s tenure, citing more than $55 million in compensation and special-dividend value since 2015.
  • Bergeron said the board should not control CEO succession, noting a public search timeline emerged only after his group launched its own search.
  • Plan calls for an interim CEO within 100 days, a strategic reset, growth investment while protecting the regular dividend, and tighter governance oversight.


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