ETHAN ALLEN INTERIORS INC. (NYSE:ETH) Files An 8-K Regulation FD DisclosureItem 7.01Regulation FD Disclosure
On April 24, 2018, Ethan Allen Interiors, Inc. (“Ethan Allen” or the “Company”) announced that its Board of Directors declared a regular quarterly cash dividend of $0.19 per share of common stock and increased the current share repurchase authorization. A copy of the communication is being furnished as Exhibit 99.1 hereto and hereby incorporated by reference.
On April 24, 2018, the Company’s Board of Directors authorized an increase in the amount available for share repurchases under the Company’s existing share repurchase program (the “Share Repurchase Program”) by approximately 2,000,000 shares. After giving effect to the increase in the authorized repurchase amount, as of April 24, 2018, approximately 3,000,000 shares may yet be purchased by the Company under the Share Repurchase Program. The timing, number and amount of any shares repurchased will be determined by the Company’s officers at their discretion, and as permitted by securities laws, covenants under existing bank agreements and other legal requirements, and will be based on a number of factors, including an evaluation of general market and economic conditions and the trading price of the common stock. The Share Repurchase Program may be suspended or discontinued at any time without prior notice
The information in this form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “1934 Act”), nor shall it be deemed “incorporated by reference” into any filing under the Securities Act of 1933, as amended, or the 1934 Act, except as may be expressly set forth by specific reference in such filing.
Item 9.01Financial Statements and Exhibits
ETHAN ALLEN INTERIORS INC ExhibitEX-99.1 2 ex_111118.htm EXHIBIT 99.1 ex_111118.htm Exhibit 99.1 Ethan Allen Declares Regular Quarterly Cash Dividend and Increases Share Repurchase Authorization DANBURY,…To view the full exhibit click
About ETHAN ALLEN INTERIORS INC. (NYSE:ETH)
Ethan Allen Interiors Inc. is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East. It offers complimentary interior design service to its clients and sells a range of furniture products and decorative accents through ethanallen.com and a network of design centers in the United States and abroad. Its wholesale segment, principally involved in the development of the Ethan Allen brand, encompasses various aspects of design, manufacture, sourcing, sale, and distribution of its range of home furnishings and accents. The Company’s retail segment sells home furnishings and accents to consumers through a network of Company-operated design centers. As of June 30, 2016, the Company owned and operated nine manufacturing facilities.