A NEW DAY AT ETHAN ALLEN

(NYSE:ETD) (NYSE:PAY) (NASDAQ:CTLP) (NASDAQ:EBAY) (NYSE:W) (NYSE:CEB) (NYSE:BCS) (NYSE:JPM) Ethan Allen Interiors Inc. announced enhancements to its leadership team and Board of Directors to guide the company's next phase of growth. On November 9, 2026, Stefanie Tsen Ward, former Chief Integrated Retail and Customer Officer of Neiman Marcus Group, was appointed Interim Chief Executive Officer, effective immediately. At Neiman Marcus, Ms. Ward led the $4.5 billion retailer’s transformation, overseeing approximately 70% of total company revenue, more than 40 stores, and 6,000 associates. Ms. Ward will oversee Ethan Allen’s day-to-day operations and begin execution of its strategic reset while the Board conducts a search for a permanent CEO. Farooq Kathwari is no longer with the company. On the same date, Anna Brockway, Lindsay O’Reilly, Adam Treanor, and Stefanie Tsen Ward were appointed as directors. The new directors join Douglas G. Bergeron, Maria Eugenia Casar, Kristine E. Miller, Steve Oblak, and Tara I. Stacom, who were elected at the 2026 Annual Meeting of Stockholders. Douglas G. Bergeron has been named Executive Chairman, and Kristine E. Miller has been named Lead Independent Director. Mr. Bergeron stated that the new directors are actively working with management and visiting manufacturing facilities in Vermont, Virginia, and North Carolina. Ms. Ward expressed enthusiasm for collaborating with designers and the HQ team to drive the company forward. The newly constituted Board brings experience in modern retail, brand revitalization, digital and omnichannel execution, home furnishings, financial oversight, and public company governance. Maria Eugenia Casar and Tara I. Stacom have served on the Board since 2022 and 2015, respectively. Other Board members include Douglas G. Bergeron, former Chairman and CEO of VeriFone Systems, Inc. and former Chairman of Cantaloupe, Inc.; Kristine E. Miller, former Chief Strategy Officer of eBay Inc. and a 24-year veteran of Bain & Company; Stefanie Tsen Ward, former senior leader at Sephora and Louis Vuitton; Anna Brockway, Co-Founder and former President of Chairish and former Vice President of Worldwide Marketing at Levi Strauss & Co.; Steve Oblak, former Chief Commercial Officer of Wayfair Inc.; Lindsay O’Reilly, former Group Chief Internal Auditor, Group Chief Data Officer, and Group Chief Operating Officer for Risk and Finance at Barclays PLC, with earlier roles at JPMorgan Chase & Co.; and Adam Treanor, Managing Partner of Stone Bay Capital. Ethan Allen manufactures about 75% of its custom-crafted furniture in its own North American manufacturing facilities.