secwatch.observer — SEC 8-K summary
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Issuer:     ETHAN ALLEN INTERIORS INC (ETD)
CIK:        0000896156
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0001437749-22-002396
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ethan Allen enters new CEO employment agreement with Kathwari, $1.15M base salary, three-year term through June 2025
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- New employment agreement for Chairman/President/CEO M. Farooq Kathwari effective July 1, 2022, term through June 30, 2025.
- Base salary of $1,150,000 per year; annual incentive bonus target 100% of base salary ($1,150,000), maximum 140%.
- Performance-based stock units granted annually; threshold 65% of base salary, target 105%, maximum 145%.
- Restricted stock units granted annually equal to 27% of base salary ($310,500).
- Termination provisions include salary continuation and severance up to $2.0M for certain terminations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896156/000143774922002396/0001437749-22-002396-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896156/000143774922002396/eth20220203_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-002396

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