DGB Proxy Supplement Reveals Kathwari's 9% Stake and Full Ownership Picture
ETD sits 15% above its 52-week low of $18.28.
Summary
DGB's proxy supplement adds new ownership data from Ethan Allen's definitive proxy statement, showing CEO Kathwari owns 9.0% and the full board/executive group owns 9.4%, ahead of the November 4 annual meeting.
Key Events · Corporate Governance and Compliance · ETD
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Supplement Adds Company Ownership Data
DGB's supplement incorporates Ethan Allen's definitive proxy statement filed September 24, 2026, which was not available when DGB filed its own proxy on September 18, 2026.
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CEO Kathwari Owns 9.0%
M. Farooq Kathwari beneficially owns 2,279,723 shares (9.0% of 25,204,416 outstanding), and all directors and executive officers as a group own 9.4%.
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Institutional Ownership Confirmed
BlackRock owns 8.2% (2,074,073 shares), Dimensional Fund Advisors owns 7.1% (1,784,135 shares), and DGB owns 5.2% (1,300,000 shares).
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Annual Meeting Set for November 4
The virtual annual meeting will be held November 4, 2026, with a record date of September 11, 2026; shareholders have until November 3 to pre-register.
Analysis · ETD · Manufacturing
DGB's supplement to its proxy statement incorporates the Company's definitive proxy statement filed September 24, 2026, which was not available when DGB filed its own proxy on September 18. The new information includes the record date of September 11, 2026, 25,204,416 shares outstanding, and — most notably — the security ownership tables showing CEO M. Farooq Kathwari beneficially owns 9.0% of the company (2,279,723 shares) and all directors and executive officers as a group own 9.4%. The supplement also confirms BlackRock (8.2%) and Dimensional Fund Advisors (7.1%) as major institutional holders. This ownership data is material to the proxy fight because it quantifies the incumbent board's economic stake — a key argument in activist campaigns about alignment of interests. The annual meeting is set for November 4, 2026, giving shareholders roughly five weeks to evaluate the competing slates.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 29.6% of the 1615 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ETD was trading at $21.08 on NYSE in the Manufacturing sector, with a market capitalization of approximately $536.6M. The 52-week trading range was $18.28 to $29.61. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.