Sandell Believes October 5 is Record Date for Upcoming Annual Meeting
Sandell Asset Management Corp. (“Sandell”), a large shareholder of Ethan
Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE:ETH), has
issued the following statement to its fellow shareholders of Ethan Allen:
Sandell reminds Ethan Allen shareholders that they may need to take
steps with their custodial banks and brokerage firms to ensure that they
have the ability to vote their shares at the upcoming 2015 Annual
Meeting. Ethan Allen shareholders should pay particular attention to any
shares presently held in swap arrangements or in margin accounts. In
order to ensure that Ethan Allen shareholders have the ability to vote
their shares, they should consider beginning the process of promptly
unwinding any swap accounts to allow sufficient time before the record
date. Sandell also reminds Ethan Allen shareholders that any shares in
margin accounts that may be loaned by a broker will need to be moved
into a cash account in advance of the record date if shareholders want
to vote their shares. Also, any prospective purchasers of Ethan Allen
shares prior to October 5 are encouraged to pursue settlement of
purchases on a “T+1” basis if shareholders want to vote such shares. The
Company’s 2015 Annual Meeting is currently scheduled for November 24 and
Sandell believes that October 5 is the record date for the Annual
Meeting.
About Sandell Asset Management Corp.
Sandell Asset Management Corp. is a leading private, alternative asset
management firm specializing in global corporate event-driven,
multi-strategy investing with a strong focus on equity special
situations and credit opportunities. Sandell Asset Management Corp. was
founded in 1998 by Thomas E. Sandell and has offices in New York and
London, including a global staff of investment professionals, traders
and infrastructure specialists.
Sandell Asset Management Corp., Castlerigg Master Investments Ltd.,
Castlerigg International Limited, Castlerigg International Holdings
Limited, Castlerigg Offshore Holdings, Ltd., Castlerigg Active
Investment Fund, Ltd., Castlerigg Active Investment Intermediate Fund,
L.P., Castlerigg Active Investment Master Fund, Ltd., Castlerigg Equity
Event and Arbitrage Fund, Thomas E. Sandell (collectively, “Sandell”),
Edward Glickman, Kathy Herbert, Richard Mansouri, Annelise Osborne, Ken
Pilot and Alex Wolf (collectively with Sandell, the “Participants”),
intend to file with the Securities and Exchange Commission (the “SEC”) a
definitive proxy statement and accompanying form of proxy card to be
used in connection with the solicitation of proxies from the
stockholders of Ethan Allen Interiors Inc. (the “Company”) in connection
with the Company’s 2015 annual meeting of stockholders. All stockholders
of the Company are advised to read the definitive proxy statement and
other documents related to the solicitation of proxies by the
participants when they become available, as they will contain important
information, including additional information related to the
participants. When completed, the definitive proxy statement and an
accompanying proxy card will be furnished to some or all of the
Company’s stockholders and will be, along with other relevant documents,
available at no charge on the SEC website at http://www.sec.gov/.
Information about the Participants and a description of their direct
or indirect interests by security holdings is contained in Exhibit 2 to
the Schedule 14A filed by Sandell Asset Management Corp. with the SEC on
September 15, 2015. This document can be obtained free of charge from
the source indicated above.
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