Ethan Allen Declares Quarterly Dividend
Ticker: ETD · Form: 8-K · Filed: Jul 31, 2024 · CIK: 896156
| Field | Detail |
|---|---|
| Company | Ethan Allen Interiors INC (ETD) |
| Form Type | 8-K |
| Filed Date | Jul 31, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: dividend, shareholder-return
TL;DR
Ethan Allen is paying out another $0.32/share dividend on Sept 13. Buy now!
AI Summary
Ethan Allen Interiors Inc. announced on July 30, 2024, that its Board of Directors has declared a quarterly dividend of $0.32 per share, payable on September 13, 2024, to shareholders of record as of August 23, 2024. This dividend declaration is part of the company's ongoing commitment to returning value to its shareholders.
Why It Matters
This dividend payment indicates the company's financial stability and its confidence in future earnings, which can be a positive signal for investors.
Risk Assessment
Risk Level: low — The filing is a routine dividend declaration, which typically carries low risk.
Key Numbers
- $0.32 — Quarterly Dividend Per Share (Amount to be paid to shareholders)
Key Players & Entities
- Ethan Allen Interiors Inc. (company) — Registrant
- $0.32 (dollar_amount) — Quarterly dividend per share
- September 13, 2024 (date) — Dividend payment date
- August 23, 2024 (date) — Record date for dividend
FAQ
What is the amount of the quarterly dividend declared by Ethan Allen Interiors Inc.?
The company declared a quarterly dividend of $0.32 per share.
When will the declared dividend be paid?
The dividend is payable on September 13, 2024.
Who is eligible to receive this dividend payment?
Shareholders of record as of August 23, 2024, are eligible to receive the dividend.
What is the filing date of this Form 8-K?
This Form 8-K was filed on July 31, 2024.
What is the primary business of Ethan Allen Interiors Inc.?
Ethan Allen Interiors Inc. is involved in the manufacturing and retailing of wood household furniture, specifically not upholstered.
Filing Stats: 856 words · 3 min read · ~3 pages · Grade level 12 · Accepted 2024-07-31 16:16:28
Key Financial Figures
- $0.01 — ange on which registered Common Stock $0.01 Par Value ETD New York Stock Exchang
Filing Documents
- eth20240731_8k.htm (8-K) — 32KB
- ex_705862.htm (EX-10.1) — 7KB
- ex_705863.htm (EX-99.1) — 303KB
- 0001437749-24-024107.txt ( ) — 498KB
- eth-20240730.xsd (EX-101.SCH) — 3KB
- eth-20240730_def.xml (EX-101.DEF) — 11KB
- eth-20240730_lab.xml (EX-101.LAB) — 15KB
- eth-20240730_pre.xml (EX-101.PRE) — 11KB
- eth20240731_8k_htm.xml (XML) — 3KB
02
Item 2.02 Results of Operations and Financial Condition On July 31, 2024, Ethan Allen Interiors Inc. ("Ethan Allen" or the "Company") issued a press release announcing its financial results for the fiscal 2024 full year and fourth quarter ended June 30, 2024. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated by reference herein. The information furnished pursuant to this Item 2.02 (Results of Operations and Financial Condition), including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (such act being the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Exhibit 99.1 to this report contains certain financial measures that are considered non-GAAP financial measures as defined in the rules issued by the Securities and Exchange Commision. These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies. Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the Company's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Ethan Allen's results of operations in conjunction with the corresponding GAAP measures. Ethan Allen believes that the presentation of non-GAAP measures when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and its historical and projected results of operations. Exhibit 99.1 to this Current Report contains the
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On July 30, 2024, Ethan Allen Interiors Inc. and its wholly owned subsidiary, Ethan Allen Global, Inc. (collectively, the "Company") amended the existing employment agreement dated February 3, 2022, between the Company and M. Farooq Kathwari (the "2022 Employment Agreement"). Pursuant to the amendment, Mr. Kathwari will remain as Chairman, President and Chief Executive Officer of the Company, for an additional term of two years ending June 30, 2027. No other terms of the 2022 Employment Agreement were changed. The amended 2022 Employment Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Amended Employment Agreement between the Company and M. Farooq Kathwari, dated as of July 30, 2024 99.1 Press release dated July 31, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ETHAN ALLEN INTERIORS INC. (Registrant) Date: July 31, 2024 By: /s/ Matthew J. McNulty Matthew J. McNulty Senior Vice President, Chief Financial Officer and Treasurer