-----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, NstVTcJenY0PSlotOZiMAjVQKZIlt0NqTKb2rQAjOmczfc8Ii0Y1CfKxMVNLewYd mcdxQ0krh7cgy/k4KFSi5A== 0001157523-10-004122.txt : 20100721 0001157523-10-004122.hdr.sgml : 20100721 20100721084918 ACCESSION NUMBER: 0001157523-10-004122 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100720 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100721 DATE AS OF CHANGE: 20100721 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: 10961553 BUSINESS ADDRESS: STREET 1: ETHAN ALLEN DR STREET 2: PO BOX 1966 CITY: DANBURY STATE: CT ZIP: 06811 BUSINESS PHONE: 2037438000 8-K 1 a6367163.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):  July 20, 2010

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 7 – REGULATION FD

Item 7.01

 

Regulation FD Disclosure

On July 20, 2010, Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) issued a press release setting forth comments on dividends declared and preliminary operating results for the three and twelve months ended June 30, 2010. A copy of the press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01

 

Financial Statements and Exhibits

(d) Exhibits

Exhibit

Description

99.1 Press release dated July 20, 2010

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:

July 20, 2010

By:

/s/ David R. Callen

David R. Callen

Vice President, Finance and

Treasurer


EXHIBIT INDEX

Exhibit

Description

99.1

Press release dated July 20, 2010

EX-99.1 2 a6367163ex991.htm EXHIBIT 99.1

Exhibit 99.1

Ethan Allen Declares Cash Dividend and Comments on Financial Results

DANBURY, Conn.--(BUSINESS WIRE)--July 20, 2010--Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE:ETH) today declared a regular quarterly cash dividend of $0.05 per share which will be payable to shareholders of record as of October 11, 2010 and paid on October 25, 2010.

Farooq Kathwari, Chairman and CEO commented, “In the fiscal year ended June 30, 2010 our primary focus has been to make major structural changes to improve our operations and marketing capabilities for future growth and profitability. Our focus was also to maintain strong liquidity. Our total cash and investments at June 30, 2010 amounted to $102 million as compared to $53 million on June 30, 2009. We are pleased to continue our cash dividend to our shareholders. In addition we acquired $5.4 million worth of our stock in late June and July.”

Mr. Kathwari continued, “While we plan to announce our earnings on August 5th, we are pleased to report net sales for the quarter ended June 30, 2010 were approximately $163 million, an increase of 18% from the same quarter last year. We expect our diluted earnings per share for our fourth fiscal quarter to be in the range of $0.30 to $0.32 compared to a loss per share of $0.23 in the previous year quarter, excluding restructuring, impairment, and related transition costs in both periods. The current quarter includes one-time benefits of approximately $0.16 per diluted share which if excluded would result in approximately $0.14 to $0.16 in earnings per diluted share. Not included in the results noted above, is the expected impact from a non-cash charge of approximately $36 million for a tax valuation reserve against the Company’s deferred tax assets.”

Mr. Kathwari further stated, “Our written business (booked orders) of our retail division increased 23% compared to the prior year fourth quarter, continuing the strong trends that we have experienced in the last six months. While we are gratified with the results we remain cautious as there are still many uncertainties in the economic environment. We will discuss our initiatives in greater detail during our investor conference call on August 5 at 11:00 am EDT.”

About Ethan Allen

Ethan Allen Interiors Inc. is a leading interior design company and manufacturer and retailer of quality home furnishings. The Company offers free 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 280 design centers in the United States and abroad. Ethan Allen owns and operates six manufacturing facilities in the United States, which includes one sawmill, and one manufacturing facility in Mexico, and manufactures approximately seventy percent of its products in its United States plants. 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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