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Ethan Allen Named a Finalist for NYSE Governance Services 2016 Leadership Award

DANBURY, Conn., June 13, 2016 (GLOBE NEWSWIRE) -- Ethan Allen (NYSE:ETH) is pleased to announce that the company was selected as a finalist in the Exemplary Shareholder Engagement category of the 3rd annual Governance, Risk and Compliance (GRC) Leadership Awards presented by NYSE Governance Services, a subsidiary of New York Stock Exchange. Winners were announced at an awards gala held on June 8th.

Finalists in the 2016 Exemplary Shareholder Engagement category also included Atlas Air Worldwide Holdings, Inc. and Staples, Inc., with Atlas Air Worldwide Holdings, Inc. taking top honors. The award recognizes companies that demonstrate a willingness to participate in meaningful, transparent dialogue with shareholders via accessible venues and channels. The efficacy of these endeavors is evidenced in the companies' abilities to successfully work through shareholder engagement challenges in a manner that satisfies all parties.

“We thank our colleagues and our shareholders for recognizing the company’s commitment to open and meaningful communication and congratulate the other companies nominated in this category,” said Ethan Allen’s Chairman, President and CEO Farooq Kathwari. “Good governance is at the core of our leadership principles and is truly part of our DNA at Ethan Allen.”

The award recipients were selected by an independent panel of judges, who bring a range of governance and compliance expertise to the program. The 2016 panel included:

  • Luis Aguilar, Former Commissioner, U.S. Securities and Exchange Commission
  • William Chandler III, Former Chancellor, Delaware Court of Chancery
  • John Coates, Harvard Law School, Research Director of the Center on the Legal Profession & Professor of Law and Economics
  • Veta Richardson, President and CEO, Association of Corporate Counsel
  • F. Daniel Siciliano, Professor & Faculty Director, Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford Law School
  • Darla Stuckey, President and CEO, Society of Corporate Secretaries and Governance Professionals
  • Gretchen Winter, Senior Director, Center for Professional Responsibility in Business and Society, College of Business, University of Illinois

The GRC awards program recognizes outstanding companies and individuals who have demonstrated noteworthy efforts in the areas of governance and compliance. Eligible candidates included all publicly traded companies in the U.S. listed on the New York Stock Exchange and NASDAQ.

"NYSE Governance Services would like to congratulate the individuals and organizations that have truly exemplified the highest standards of compliance, ethics and governance. Their dedication and noteworthy achievements truly set the bar for best practices and standards in corporate governance, which plays an integral role in a company's success and long-term value to its shareholders," said Adam Sodowick, President of NYSE Governance Services.

About NYSE Governance Services

NYSE Governance Services is the leading governance, compliance and education solutions provider for companies and their boards of directors. Through a complete set of technology-enabled and data-driven solutions designed to address compliance, accountability and risk management, NYSE Governance Services helps companies comprehensively build a culture of integrity from employee to board level. NYSE Governance Services is a subsidiary of the New York Stock Exchange Group, an Intercontinental Exchange company. For more information, connect with them at nyse.com/governance, @nysegov or LinkedIn.

About Intercontinental Exchange

Intercontinental Exchange operates the leading network of global futures and equity exchanges and provides world-class clearing, data and listing services across many markets. The New York Stock Exchange is the world leader in capital raising and equities trading.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange, Interactive Data and Trayport. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange Inc. and/or its affiliates is located at intercontinentalexchange.com/terms-of-use.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2015, as filed with the SEC on February 4, 2016.

About Ethan Allen

Ethan Allen Interiors Inc. (NYSE:ETH) is a leading interior design company and manufacturer and retailer of quality home furnishings. The company offers complimentary interior design service to its clients and sells a full range of furniture products and decorative accessories through ethanallen.com and a network of approximately 300 Design Centers in the United States and abroad. Ethan Allen owns and operates nine manufacturing facilities, which include six manufacturing plants and one sawmill in the United States plus one plant each in Mexico and Honduras. Approximately seventy percent of its products are made in its North American plants. For more information on Ethan Allen’s products and services, visit www.ethanallen.com. Follow Ethan Allen: Facebook, Pinterest, Twitter, Houzz, You Tube, Instagram, Google Plus

MEDIA CONTACT: November Rawlings Ethan Allen Global, Inc. nrawlings@ethanalleninc.com

Source: Ethan Allen