-----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, OfxhOYDUPd+rqgloLqtHDhAwq2GKdRVcZejDGwdq717BPGe8JKzAmPB5h5P/n8Uu oGFlYJcrvF8C3Pjw2LlulQ== 0001157523-09-004582.txt : 20090624 0001157523-09-004582.hdr.sgml : 20090624 20090624163858 ACCESSION NUMBER: 0001157523-09-004582 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090624 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: 20090624 DATE AS OF CHANGE: 20090624 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: 09907728 BUSINESS ADDRESS: STREET 1: ETHAN ALLEN DR STREET 2: PO BOX 1966 CITY: DANBURY STATE: CT ZIP: 06811 BUSINESS PHONE: 2037438000 8-K 1 a5994424.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 24, 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 24, 2009, Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) issued a press release announcing a plan to consolidate the operations of two case goods plants.  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 24, 2009

1

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 24, 2009

By:

/s/ David R. Callen

David R. Callen

Vice President, Finance and

Treasurer

2

EXHIBIT INDEX

Exhibit

Description

99.1

Press release dated June 24, 2009

3

EX-99.1 2 a5994424-ex991.htm EXHIBIT 99.1

Exhibit 99.1

Ethan Allen Announces Plans to Realign its Case Goods Manufacturing

DANBURY, Conn.--(BUSINESS WIRE)--June 24, 2009--Ethan Allen Interiors Inc. (“Ethan Allen” or “Company”) (NYSE:ETH) today announced the consolidation of its Andover, Maine sawmill and dimension mill to its Beecher Falls, Vermont sawmill and dimension mill operations. The Company will also consolidate machining, assembly and finishing operations from its Beecher Falls, Vermont plant to its Orleans, Vermont plant. The Company will also continue operations in its case goods plant at Old Fort, North Carolina. This consolidation will impact approximately 60 associates at Andover, Maine and approximately 260 at the Beecher Falls location.

The Company expects to record pre-tax restructuring, impairment, severance and other related charges of approximately $12.9 to $13.5 million, the majority of which will be non-cash in nature representing an after-tax impact of $8.2 to $8.6 million or $0.28 to $0.30 per diluted share. Most of this charge is expected to be recorded in the quarter ending June 30, 2009.

Farooq Kathwari, Chairman and CEO commented, “We very much regret the impact of this realignment to our Andover and affected Beecher Falls associates. This consolidation provides an opportunity to our remaining associates in Vermont to resume a more normal work schedule.”

Mr. Kathwari further commented, “While the severe recession has resulted in many challenges it has also accelerated our process of reinvention. We have one of the largest U.S. based home furnishings manufacturing operations, which we are committed to maintaining. Currently about 65% of our products are made in the U.S. This realignment provides us an opportunity to maintain a competitive advantage from manufacturing in the U.S.”

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 were 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.
Investors / Media:
David R. Callen, 203-743-8305
Vice President Finance & Treasurer

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