Preliminary AGM Results Indicate Stockholders Support Election of ALL Ethan Allen Director Nominees
Commenting on the preliminary results, Ethan Allen issued the following statement:
The Ethan Allen Board and management team sincerely thank our stockholders for their support and the valuable insights they have offered throughout this process. We are committed to maintaining an open dialogue with all of our stockholders, and remain confident in our ability to generate near- and long-term value creation for all Ethan Allen stockholders.
The results of the Annual Meeting confirm the confidence our stockholders have in our transformation strategy and vision for growth and underscore their recognition of the strength and expertise of our Board and management team to create compelling opportunities for continued performance.
With the Annual Meeting behind us, we look forward to continuing to execute on our transformation strategy, which we expect will generate in excess of $1 billion in sales supported by our well-positioned retail and manufacturing footprint, completion of our phase 3 and phase 4 initiatives and enhanced marketing and e-commerce strategies to continue driving value for all Ethan Allen stockholders.
The preliminary voting also indicated that stockholders approved all of the other proposals submitted for a vote at the Annual Meeting.
Final results of the election will be published once they are certified by the independent inspector of elections following the customary review period.
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