Ethan Allen Expands its Board of Directors and Declares Regular Quarterly Cash Dividend
January 25 2022 - 4:10PM
Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE:
ETD) today announced that María Eugenia (Gina) Casar has been
elected to the Company’s Board of Directors, effective January 25,
2022.
Appointment of Gina Casar to the Board
Gina Casar recently served as Assistant
Executive Director for United Nations World Food Programme, based
in Rome, Italy. In this position she was responsible for Human
Resources management, Wellness, Workplace Culture, Ombudsman and
Ethics. Prior roles include Executive Director for AMEXCID Mexican
Agency for International Cooperation, various senior leadership
positions throughout the United Nations, including Under Secretary
General and Associate Administrator from 2014 to 2016 and CFO and
Controller between 2011 and 2014 and associations with several
prominent organizations based in Mexico.
Ms. Casar is a member of the Board of Save the
Children Mexico, a member of “Global Women Leaders: Voices for
change and inclusion,” and a member of the Global Future Council of
International Governance and Sustainable Development. She holds an
MBA and a degree in public accounting, with honors, from the
Instituto Tecnológico Autónomo de México (ITAM).
Farooq Kathwari, Ethan Allen’s Chairman,
President and CEO, commented, “We are very pleased to have Gina
Casar, a leading finance and ESG executive, join our Board of
Directors. Gina joins a highly qualified group of independent
directors who bring deep industry, marketing, management, finance,
technology, and accounting experience to Ethan Allen and who
contribute on both a strategic and operational level. Her strong
strategic financial management and risk management skills combined
with her ESG perspective will be a valuable addition to our
Board.”
A full listing of the Ethan Allen’s Board of
Directors may be found
at: https://ir.ethanallen.com/corporate-governance/board-of-directors
Regular Quarterly Cash
Dividend Declared
The Company’s Board of Directors declared a
regular quarterly cash dividend of $0.29 per share, payable on
February 23, 2022, to shareholders of record at the close of
business on February 8, 2022.
Mr. Kathwari commented, “As we celebrate our 90
years of innovation across our vertically integrated enterprise, I
am pleased to continue this payment of our regular quarterly
dividend. We have a great opportunity to continue our growth in
sales and profitability due to our talented team, strong retail
network, the personal service of our interior design
professionals increasingly combined with technology, our unique
vertical integration whereby 75% of products are made in our North
American manufacturing workshops, and our strong logistics network
of national distribution centers and retail home delivery centers
delivering product with white glove service to our clients’
homes.”
As previously announced on January 13, 2022, the
Company will release its fiscal 2022 second quarter financial
results on January 27, 2022.
ABOUT ETHAN ALLEN
Ethan Allen Interiors Inc. (NYSE: ETD) is a
leading interior design company, manufacturer and retailer in the
home furnishings marketplace. The Company is a global luxury home
fashion brand that is vertically integrated from product design
through home delivery, which offers its customers stylish product
offerings, artisanal quality, and personalized service. The Company
provides complimentary interior design service to its clients and
sells a full range of home furnishings through a retail network of
design centers located throughout the United States and abroad as
well as online at ethanallen.com. Ethan Allen owns and operates
nine manufacturing facilities located in the United States, Mexico
and Honduras, including one sawmill, one rough mill and a
lumberyard. Approximately 75% of its products are manufactured or
assembled in these North American facilities.
For more information on Ethan Allen's products
and services, visit www.ethanallen.com.
Investor / Media Contact: Matt McNulty Senior Vice
President, Chief Financial Officer and Treasurer
IR@ethanallen.com
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