<SEC-DOCUMENT>0001157523-11-001730.txt : 20110325
<SEC-HEADER>0001157523-11-001730.hdr.sgml : 20110325
<ACCEPTANCE-DATETIME>20110325120901
ACCESSION NUMBER:		0001157523-11-001730
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110325
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110325
DATE AS OF CHANGE:		20110325

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:		11711631

	BUSINESS ADDRESS:	
		STREET 1:		ETHAN ALLEN DR
		STREET 2:		PO BOX 1966
		CITY:			DANBURY
		STATE:			CT
		ZIP:			06811
		BUSINESS PHONE:		2037438000
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a6660324.htm
<DESCRIPTION>ETHAN ALLEN INTERIORS INC. 8-K
<TEXT>
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          &#160;
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    <p style="text-align: center">
      <font style="font-size: 18pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 18pt; font-family: Times New Roman"><br style="font-size: 18pt; font-family: Times New Roman"></font><font style="font-size: 18pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Washington
      D.C. &#160;20549</b></font><br><br><font style="font-size: 18pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><br><br><font style="font-size: 16pt; font-family: Times New Roman">Current
      Report</font><font style="font-size: 16pt"><br style="font-size: 16pt"></font><font style="font-size: 16pt; font-family: Times New Roman">Pursuant
      to Section 13 or 15(d) of the</font><font style="font-size: 16pt"><br style="font-size: 16pt"></font><font style="font-size: 16pt; font-family: Times New Roman">Securities
      Exchange Act of 1934</font><br><br><font style="font-size: 12pt; font-family: Times New Roman">Date
      of Report (Date of earliest event reported): &#160;March 25, 2011</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font><br><u><font style="font-size: 14pt; font-family: Times New Roman"><b>ETHAN
      ALLEN INTERIORS INC.</b></font></u><br><font style="font-size: 12pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
<div style="text-align:left">
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        <td valign="bottom" style="width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Delaware</b></u>
          </p>
        </td>
        <td valign="bottom" style="width: 34%; text-align: center; white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>1-11692</b></u>
          </p>
        </td>
        <td valign="bottom" style="width: 33%; text-align: center; white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>06-1275288</b></u>
          </p>
        </td>
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        <td valign="bottom" style="width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction of<br>incorporation)
          </p>
        </td>
        <td valign="top" style="width: 34%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File Number)
          </p>
        </td>
        <td valign="top" style="width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Ethan Allen Drive<br><u>Danbury, CT</u></b>
          </p>
        </td>
        <td valign="bottom" style="width: 50%; text-align: center; white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>06811</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="width: 50%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Address
            of principal executive offices)</font>
          </p>
        </td>
        <td valign="bottom" style="width: 50%; text-align: center; padding-left: 0.0px">
          <font style="font-size: 10pt; font-family: Times New Roman">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman">
      </font><font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code:&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: Times New Roman"><b>(203)
      743-8000</b></font>
    </p>
    <p style="text-align: center">
      <br>

    </p>
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          &#160;
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Not Applicable</b>
          </p>
        </td>
        <td style="width: 25%">

        </td>
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        </td>
        <td valign="top" style="width: 50%; text-align: center; padding-left: 0.0px">
          (Former name or former address, if changed since last report)
        </td>
        <td style="width: 25%">

        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form&#160;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):</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))</font>
    </p>
<div style="text-align:left">
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman" cellspacing="0">
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          &#160;
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    </div>
    <p>

    </p>
    <div style="width: 100%; margin-right: 0pt; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>INFORMATION TO BE INCLUDED IN REPORT</b>
    </p>
    <p>
      <u><b>SECTION 1 &#8211; REGISTRANT&#8217;S BUSINESS AND OPERATIONS</b></u>
    </p>
    <p style="white-space: nowrap">
      <b>ITEM 1.01&#160;&#160;&#160;&#160;&#160;Entry into a Material Definitive Agreement.</b>
    </p>
    <p>
      On March 25, 2011, Ethan Allen Interiors Inc. and its subsidiaries
      (collectively, &#8220;Ethan Allen&#8221; or the &#8220;Company&#8221;) amended its three-year
      senior secured asset-based revolving credit facility with J.P. Morgan
      Chase Bank N.A. and Wells Fargo Bank, National Association (the &#8220;Amended
      Facility&#8221;).
    </p>
    <p>
      The Amended Facility provides revolving credit financing of up to $50
      million, subject to borrowing base availability, and includes a right
      for the Company to increase the total facility to $100 million either
      with existing or additional lenders subject to certain conditions.&#160;&#160;The
      Amended Facility extends the expiration by approximately four years to
      March 25, 2016, or June 26, 2015 if the Company&#8217;s 5.375% long term bonds
      have not been refinanced.
    </p>
    <p style="text-align: justify">
      At the Company&#8217;s option, revolving loans under the Amended Facility bear
      interest at an annual rate of either:<br>
    </p>
    <p style="text-align: justify; margin-left: 30.0px">
      (a)&#160;&#160;a London Interbank Offered (&#8220;LIBO&#8221;) rate plus 2.0% to 2.5%, based
      on the average availability, or<br>(b)&#160;&#160;the higher of (i) a prime rate,
      (ii) the federal funds effective rate plus 0.50%, or (iii) a LIBO rate
      plus 1.0% plus, in each case, an additional 1.0% to 1.5%, based on
      average availability.
    </p>
    <p>
      The Company will pay a commitment fee of 0.25% per annum on the unused
      portion of the Amended Facility and participation fees on issued letters
      of credit at an annual rate of 1.0% to 2.5%, based on the average
      availability and the letter of credit type.
    </p>
    <p>
      &#160;If the average monthly availability is less than the greater of (i)
      12.5% of the aggregate commitment and (ii) $6.3 million, the Company is
      required to meet a fixed charge coverage ratio financial covenant which
      may not be less than 1 to 1 for any period of four consecutive fiscal
      quarters. Certain payments are restricted if the availability of the
      collateral supporting the facility falls below $10 million or 20% of the
      facility size.
    </p>
    <p style="white-space: nowrap">
      <b>ITEM 2.03&#160;&#160;&#160;&#160;&#160;Creation of a Direct Financial Obligation or an
      Obligation under an Off-Balance Sheet Arrangement of a Registrant.</b>
    </p>
    <p>
      The disclosure required by this item is included in Item&#160;1.01 and is
      incorporated herein by reference.
    </p>
    <p>
      <u><b>SECTION 7 &#8211; REGULATION FD</b></u>
    </p>
    <p>
      <b>ITEM 7.01 &#160;&#160;&#160;&#160;Regulation FD Disclosure</b>
    </p>
    <p>
      On March 25, 2011, Ethan Allen Interiors Inc. (&#8220;Ethan Allen&#8221; or the
      &#8220;Company&#8221;) issued a press release setting forth comments on the Amended
      Facility. A copy of the press release is attached hereto as Exhibit 99.1
      and hereby incorporated by reference.
    </p>
    <p>
      <u><b>SECTION 9 &#8211; FINANCIAL STATEMENTS AND EXHIBITS</b></u>
    </p>
    <p>
      <b>ITEM 9.01 &#160;&#160;&#160;&#160;Financial Statements and Exhibits</b>
    </p>
    <p>
      (d) Exhibits
    </p>
<div style="text-align:left">
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td valign="top" style="width: 9%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit</u>
          </p>
        </td>
        <td valign="top" style="width: 91%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 9%; text-align: left; white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px">
          99.1
        </td>
        <td valign="top" style="width: 91%; text-align: left; padding-left: 0.0px">
          Press release dated March 25, 2011
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="width: 100%; margin-right: 0pt; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="text-align: left; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">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.</font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <br>

    </p>
<div style="text-align:left">
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 46%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            ETHAN ALLEN INTERIORS INC.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 4%; text-align: left; padding-left: 0.0px">

        </td>
        <td style="width: 46%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 28%">

        </td>
        <td style="width: 17%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 4%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          Date:
        </td>
        <td valign="top" style="width: 46%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            March 25, 2011
          </p>
        </td>
        <td valign="top" style="width: 5%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          By:
        </td>
        <td valign="top" style="width: 28%; border-bottom: solid black 1.0pt; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ David R. Callen
          </p>
        </td>
        <td style="width: 17%">

        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 46%">

        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="width: 28%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            David R. Callen
          </p>
        </td>
        <td style="width: 17%">

        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 46%">

        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="width: 28%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>Vice President, Finance and Treasurer</i>
          </p>
        </td>
        <td style="width: 17%">

        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-right: 0pt; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>EXHIBIT INDEX</b><br><br>
    </p>
    <div style="text-align:center">
    <table style="width: 100%; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td valign="top" style="width: 9%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit</u>
          </p>
        </td>
        <td valign="top" style="width: 91%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 9%; text-align: left; white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            99.1
          </p>
        </td>
        <td valign="top" style="width: 91%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Press release dated March 25, 2011
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a6660324ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Ethan
      Allen Amends Revolving Credit Facility</b></font>
    </p>
    <p>
      DANBURY, Conn.--(BUSINESS WIRE)--March 25, 2011--Ethan Allen Interiors
      Inc. and its subsidiaries (collectively, &quot;Ethan Allen&quot; or the &quot;Company&quot;)
      (NYSE:ETH) today announced it has amended its senior secured asset-based
      revolving credit facility (the &#8220;Amended Facility&#8221;). Changes to the
      facility include:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        extended expiration by approximately four years to March 25, 2016, or
        June 26, 2015 if the Company&#8217;s 5.375% long term bonds have not been
        refinanced,
      </li>
      <li style="margin-bottom: 10.0px">
        reduced the costs of the facility, and
      </li>
      <li style="margin-bottom: 10.0px">
        revised the borrowing capacity to up to $50 million with expansion
        potential to raise the total capacity to up to $100 million.
      </li>
    </ul>
    <p>
      &#8220;We are pleased to structure a facility that makes sense for our
      business,&#8221; commented Farooq Kathwari, Chairman and CEO. &#8220;Not only will
      this modification reduce the carrying costs of the facility, the
      opportunity for expansion to $100 million provides flexibility for
      future business opportunities.&#8221;
    </p>
    <p>
      The&#160;Amended Facility is provided by JPMorgan Chase Bank, N.A. and Wells
      Fargo Bank, National Association. The security supporting the Amended
      Facility continues to exclude the Company&#8217;s real property but includes
      the Company&#8217;s other assets in the United States.
    </p>
    <p>
      <b>About Ethan Allen</b>
    </p>
    <p>
      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 seven
      manufacturing facilities in North America, including five manufacturing
      plants and one sawmill in the United States and one manufacturing plant
      in Mexico. Approximately seventy-five percent of its products are made
      in its United States plants. For more information on Ethan Allen&#8217;s
      products and services, visit ethanallen.com.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>Ethan Allen Interiors Inc.<br><i>Investor/Media:</i><br>David
      R. Callen, 203-743-8305<br>Vice President Finance &amp; Treasurer
    </p>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
