
DGB 投资公司正准备向伊森·艾伦家居公司(Ethan Allen Interiors Inc.)首席执行官提出某种形式的橄榄枝,因为这位活动投资者正试图取代该家具公司的董事会和首席执行官。
Investments is preparing to offer an olive branch of sorts to the head of Ethan Allen Interiors Inc. as the activist seeks to replace the furniture company’s board and chief executive officer.
知情人士透露,DGB 正准备向伊森·艾伦首席执行官兼董事长法鲁克·卡特瓦里(Farooq Kathwari)提供董事会荣誉主席(chairman emeritus)的职位,以确保若该活动投资者在股东投票挑战中获胜,能够实现平稳过渡。这些人士要求不具名,因为相关细节尚未公开。他们表示,DGB 想表彰卡特瓦里对公司所作的贡献。卡特瓦里自20世纪80年代末起担任伊森·艾伦的董事长兼首席执行官。目前,随着该家具公司计划在2027年中任命新任首席执行官,他正在逐步卸任职务。
DGB is preparing to offer Ethan Allen CEO and Chairman Farooq Kathwari a role as board chairman emeritus to ensure a smooth transition period should the activist succeed in its proxy challenge, according to people familiar with the matter. DGB, which owns about 5% of Ethan Allen, wants to recognize Kathwari’s contribution to the company, the people said, asking to not be identified because the details aren’t public. Kathwari has been chairman and CEO of Ethan Allen since the late 1980s. He’s currently in the process of stepping aside as the furniture company plans to name a new CEO by mid 2027.
知情人士称,荣誉主席职位将是一个非董事会的顾问角色。DGB 仍在寻求替换整个五人董事会,包括卡特瓦里在内。
Chairman emeritus would be a non-board advisory role. DGB continues to seek to replace the entire five-person board, including Kathwari, the people said.
DGB 投资公司创始人道格拉斯·伯杰隆(Douglas Bergeron)于8月披露了其在伊森·艾伦的持股,并开始推动罢免卡特瓦里并更换董事会,理由是糟糕的领导阻碍了公司业绩。卡特瓦里曾自荐进入董事会,并启动了他自己的首席执行官寻找过程。伊森·艾伦和 DGB 的代表未能立即回应置评请求。
DGB Investments founder Douglas Bergeron disclosed a stake in Ethan Allen and began pushing to oust Kathwari and replace the board in August, arguing that bad leadership has hampered the company’s performance. Kathwari nominated himself to the board and launched his own search for a CEO. Representatives for Ethan Allen and DGB didn’t immediately respond to requests for comment.
知情人士称,伯杰隆周二还计划进行一场投资者演示,阐述其振兴伊森·艾伦增长的计划。该计划将包括改善运营和技术、转型产品与陈列以及改变数字和零售体验的步骤。
Bergeron on Tuesday also plans to give an investor presentation that lays out plans to revitalize growth at Ethan Allen, the people said. That will include steps to improve operations and technology, transform product and merchandising and change digital and retail experiences.
周一,伊森·艾伦在纽约交易中基本持平,收盘价为20.32美元,市值约为5.12亿美元。
Ethan Allen was little changed in New York trading Monday, closing at $20.32 for a market value of about $512 million.
该演示将在伊森·艾伦11月4日的年度股东大会之前进行。公司方面曾表示,其董事会提名人具备适当技能,而在首席执行官过渡期间更换董事会存在风险。
The presentation comes ahead of Ethan Allen’s annual meeting on Nov. 4. The company has argued that its board nominees have the proper skills and that changing the board during a CEO transition is risky.
Bergeron 此前曾担任 Hudson Executive Capital 的联合管理合伙人,现居住于犹他州帕克城。
Bergeron, based in Park City, Utah, previously served as a co-managing partner at Hudson Executive Capital.