Home Stocks Glass Lewis backs activist’s bid to replace entire Ethan Allen board (ETD:NYSE)

Glass Lewis backs activist’s bid to replace entire Ethan Allen board (ETD:NYSE)

by Deidre Salcido
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Proxy advisory firm Glass Lewis has recommended that Ethan Allen (ETD) shareholders support activist investor Doug Bergeron’s campaign to replace all five directors, including longtime Chief Executive Farooq Kathwari, intensifying a boardroom battle ahead of the furniture maker’s Nov. 4 annual meeting.

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