-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TbYb37LnPOnDDqpaWHlCmet/MoQukMM7iUdb6n/3RSxaibnGq1SdL/v0xqGyBxYm oYP0JQ0VhqYxdjH4DLx7yg== 0001157523-09-004322.txt : 20090603 0001157523-09-004322.hdr.sgml : 20090603 20090603170204 ACCESSION NUMBER: 0001157523-09-004322 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090603 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities ITEM INFORMATION: Material Impairments ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090603 DATE AS OF CHANGE: 20090603 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ETHAN ALLEN INTERIORS INC CENTRAL INDEX KEY: 0000896156 STANDARD INDUSTRIAL CLASSIFICATION: WOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED) [2511] IRS NUMBER: 061275288 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11692 FILM NUMBER: 09871899 BUSINESS ADDRESS: STREET 1: ETHAN ALLEN DR STREET 2: PO BOX 1966 CITY: DANBURY STATE: CT ZIP: 06811 BUSINESS PHONE: 2037438000 8-K 1 a5979715.htm ETHAN ALLEN INTERIORS INC. 8-K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington D.C.  20549

FORM 8-K

Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  June 3, 2009

ETHAN ALLEN INTERIORS INC.
(Exact name of registrant as specified in its charter)

Delaware

1-11692

06-1275288

(State or other jurisdiction of
incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)


Ethan Allen Drive
Danbury, CT

06811

(Address of principal executive offices)

(Zip Code)


Registrant’s telephone number, including area code:    (203) 743-8000


 

Not Applicable

(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





INFORMATION TO BE INCLUDED IN REPORT

SECTION 2 – FINANCIAL INFORMATION

Item 2.05     Costs Associated with Exit or Disposal Activities

On June 3, 2009, Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) issued a press release announcing a plan to expand its Maiden, North Carolina upholstery operations and exit its leased facility in Chino, California.  A copy of the press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.

Item 2.06     Material Impairments

The information set forth above in Item 2.05 is hereby incorporated into Item 2.06 by reference.

SECTION 7 – REGULATION FD

Item 7.01     Regulation FD Disclosure

The information set forth above in Item 2.05 is hereby incorporated into Item 7.01 by reference

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01     Financial Statements and Exhibits

(d) Exhibits

Exhibit

Description

99.1 Press release dated June 3, 2009


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


ETHAN ALLEN INTERIORS INC.

 
Date:

June 3, 2009

By:

/s/ David R. Callen

David R. Callen

Vice President, Finance and

Treasurer


EXHIBIT INDEX

Exhibit

Description

99.1 Press release dated June 3, 2009

EX-99.1 2 a5979715ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Ethan Allen Announces Plans to Expand Its Maiden, North Carolina Upholstery Operations and Exit Leased Facility in Chino, California

DANBURY, Conn.--(BUSINESS WIRE)--June 3, 2009--Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE:ETH) today announced it will expand its upholstery manufacturing operations in Maiden, North Carolina as it transfers production from its upholstery operation in Chino, California.

The Chino facility lease expires in seven months and was the Company’s only leased manufacturing facility. The consolidation of the Chino operations will affect 65 employees plus an additional 137 contracted workers provided by employment agencies. The Company expects to record pre-tax restructuring, impairment, severance and other related charges of approximately $2.7 to $3.1 million, the majority of which will be non-cash in nature representing an after-tax impact of $1.7 to $2.0 million or $0.06 to $0.07 per diluted share. The majority of this charge is expected to be recorded in the quarter ending June 30, 2009.

The Maiden, North Carolina operation currently has 540 employees and with this change the Company expects to add 302 additional jobs over the next three years.

Farooq Kathwari, Chairman and CEO commented, “The severe recession has resulted in many challenges and also created opportunities to accelerate the reinvention process in establishing a stronger enterprise. We very much regret the impact of this consolidation to our Chino associates. Our plan to expand upholstery operations in Maiden, North Carolina, where we have been operating since 1949, will start immediately. We are pleased that the state and local governmental authorities in North Carolina worked with us in this transition.”

About Ethan Allen

Ethan Allen Interiors Inc. is a leading manufacturer and retailer of quality home furnishings. The Company sells a full range of furniture products and decorative accessories through a network as of March 31, 2009 of 290 design centers in the United States and abroad, of which 159 are Company owned. Ethan Allen operates eight manufacturing facilities in the United States, which include two sawmills, and one manufacturing facility in Mexico. For more information on Ethan Allen’s products and services, visit ethanallen.com.

CONTACT:
Ethan Allen Interiors Inc.
Investor / Media Contact:
David R. Callen, 203-743-8305
Vice President Finance & Treasurer

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