Ethan Allen Announces NYSE Ticker Symbol Change to ETD

Rhea-AI Summary

Ethan Allen Interiors Inc. announced a change of its ticker symbol from ETH to ETD, effective August 16, 2021. This decision, according to Chairman Farooq Kathwari, aims to emphasize the company’s focus on interior design and to avoid confusion with Ethereum, which is also abbreviated as ETH. Shareholders do not need to take any action regarding this change, as the company will continue to trade on the NYSE under the new symbol. Ethan Allen is a prominent player in the home furnishings market, offering complimentary design services and manufacturing a majority of its products in North America.

Positive

• The ticker symbol change to ETD reflects a stronger focus on interior design, enhancing brand identity.
• No action required from existing shareholders simplifies the transition process.

Negative

• None.

DANBURY, CT, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETH) announced today that it will be changing its ticker symbol from “ETH” to “ETD”. Effective on Monday, August 16, 2021, the Company’s common shares will trade on the New York Stock Exchange (NYSE) under the new symbol “ETD”.

Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “The Company is changing its ticker symbol to ETD, using the “D” for Design, to reflect our focus on interior design and the personal services of our design professionals throughout our global retail network of over 300 design centers. We also believe this change will better differentiate Ethan Allen news from Ethereum news in search results, as Ethereum is often abbreviated as ETH.”

No action is required by existing Ethan Allen shareholders with respect to the ticker symbol change. The Company’s common stock will continue to be listed on the NYSE and the CUSIP will remain unchanged.

ABOUT ETHAN ALLEN

Ethan Allen Interiors Inc. (NYSE: ETH) is a leading interior design company, manufacturer and retailer in the home furnishings marketplace. The Company provides complimentary interior design service to its clients and sells a full range of furniture products and decorative home accents through a retail network of approximately 300 design centers in the United States and abroad as well as online at ethanallen.com. Ethan Allen owns and operates nine manufacturing facilities, including six manufacturing plants in the United States, two manufacturing plants in Mexico and one manufacturing plant in Honduras. 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
Vice President, Finance
IR@ethanallen.com

FAQ

When is the ticker symbol change for Ethan Allen?

The ticker symbol change for Ethan Allen will take effect on August 16, 2021.

What will Ethan Allen's new ticker symbol be?

Ethan Allen's new ticker symbol will be ETD.

Why is Ethan Allen changing its ticker symbol from ETH?

The change is intended to reflect a focus on interior design and to reduce confusion with Ethereum, which is abbreviated as ETH.

Do existing shareholders need to take action for the ticker symbol change?

No action is required by existing shareholders regarding the ticker symbol change.

What is the primary business focus of Ethan Allen?

Ethan Allen primarily focuses on interior design and the retail of home furnishings.