StocksMedium•4 November 2026•
1 min read
Ethan Allen Shareholders Vote to Remove CEO Farooq Kathwari from Board
Key Facts
1Ethan Allen shareholders voted to remove CEO Farooq Kathwari from the company's Board of Directors.
2Preliminary results indicate the election of three DGB group nominees versus only two company nominees.
Ethan Allen shareholders voted to remove CEO Farooq Kathwari from the company's Board of Directors. Investing.com reported that preliminary results indicate the election of three DGB group nominees versus only two company nominees.
The removal follows a shareholder activism campaign by the DGB group that resulted in a board split, where activist nominees gained seats at the expense of management's preferred candidates. This shift in the corporate governance of Ethan Allen indicates a change in control following the proxy contest.