Glass Lewis Backs Bergeron Slate
Proxy advisory firm Glass Lewis endorsed Doug Bergerons campaign to replace the entire board at Ethan Allen. The firm cited operational backsliding and inadequate governance under longtime leadership. Shareholders are scheduled to vote on the director candidates on November 4.
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Proxy advisory firm Glass Lewis backed investor Doug Bergeron's campaign to replace all five directors at ETHAN ALLEN INTERIORS INC for $515M. The push targets the octogenarian CEO who has run the iconic home furnishing company across the United States for nearly four decades. The battle stands as one of corporate America's largest proxy fights as the new voting season begins.
