Douglas G. Bergeron is reported to beneficially own 1,275,000 Ethan Allen shares, equal to 5.0% of the class, in an activist position. The stake matters to investors because the stated purpose includes a books-and-records Demand on board matters, while DGB Investment withdrew its 2026 board nomination on August 27 pending responsive records.

Key Highlights

  • DGB Investment beneficially owns 1,050,000 Ethan Allen shares, representing approximately 4.1% of the class.
  • Bergeron’s two trusts hold 90,000 shares and 135,000 shares, equal to approximately 0.4% and 0.5%, respectively.
  • DGB Investment withdrew its nomination of Ms. O’Reilly for the 2026 Annual Meeting on August 27, 2026.

The position is presented through DGB Investment, the Douglas Bergeron Qualified Personal Residence Trust and the Bergeron Nieces and Nephews Trust.

DGB Investment beneficially owns 1,050,000 shares, or approximately 4.1% of the class. The Douglas Bergeron Qualified Personal Residence Trust holds 90,000 shares, representing approximately 0.4%, while the Bergeron Nieces and Nephews Trust holds 135,000 shares, or approximately 0.5%. As trust adviser for both trusts, he has sole voting and dispositive power over their shares and may therefore be deemed to beneficially own those holdings. Jennifer M. Harrison is listed with 25,000 shares of Ethan (NYSE: ETD) Allen common stock.

Books And Records Demand

The demand seeks corporate records concerning any reduction in the board’s size, including records supplied in a format that preserves and provides relevant metadata. That representation conflicted with information previously shared by a member of Ethan Allen’s senior management with a DGB Investment representative. DGB Investment requested records addressing the board action and expressly reserved its rights pending production of records responsive to the demand.

Nomination Withdrawn August 27

The Withdrawal followed Ethan Allen’s counsel’s representation about the board’s size and was made to conform with Rule 14a-19 under the Securities Exchange Act of 1934, as amended.

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