Activist investor urges Ethan Allen board overhaul, CEO search

Activist investor Doug Bergeron, holder of 5.2% of Ethan Allen Interiors Inc., is urging shareholders to back a board overhaul and an independent CEO search at the company's annual meeting. Bergeron criticized the company's recently announced CEO succession process as a reaction to his proxy contest, stating the board only moved after his group launched an alternative director slate and an independent CEO search on Sept. 10. He questioned the board's suitability to select a new CEO, citing years of underperformance and governance issues under Chairman-CEO Farooq Kathwari. Bergeron also warned