Egan-Jones Recommends Ethan Allen Shareholders Vote FOR All Five DGB Nominees

NEW YORK, Oct. 23, 2026 /PRNewswire/ -- Egan-Jones recommends that shareholders of Ethan Allen vote FOR all five dissident nominees put forward by DGB Investment on the WHITE card at the company's November 4 annual meeting, according to its commentary on the proxy contest. The piece applies a lesson from Warren Buffett's years in textiles to the 94-year-old furniture maker.Egan-Jones Ratings Co. Buffett took control of Berkshire Hathaway in 1965, when it was a New England textile maker, and kept the mills running for twenty years before closing the business in 1985. He later wrote that he should have quit sooner. Egan-Jones cites his general rule that in a commodity business it is impossible to be a lot smarter than your dumbest competitor.