UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) March 07, 2006
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ESCALADE, INCORPRATED
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(Exact Name of Registrant as Specified in Its Charter)
Indiana
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(State or Other Jurisdiction of Incorporation)
0-6996 13-2739290
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(Commission File Number) (IRS Employer Identification No.)
251 Wedcor Avenue, Wabash, Indiana 46992 46992
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(Address of Principal Executive Offices) (Zip Code)
(260) 569-7208
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(Registrant's Telephone Number, Including Area Code)
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(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))
Section 1 - Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On March 6, 2006, the compensation committee met and reviewed the annual
compensation of Escalade key executives. The compensation committee then met
with the other independent directors and unanimously approved the following
annual base salaries for 2006:
Officer Title Annual Base Salary
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C. W. (Bill) Reed President and CEO $275,000
Terry Frandsen VP Finance, CFO $175,000
Robert Griffin Chairman of Board $ 52,000
In the same meeting the independent directors granted stock options under the
1997 Incentive Stock Option plan to Mr. Reed in the amount of 20,000 and Mr.
Frandsen in the amount of 25,000 shares. Under the terms of the option plan the
options vest in equal installments over a period of four years from the date of
grant. The exercise price is equal to the market closing price on the date of
grant.
Section 8 - Other Events
Item 8.01 Other Events.
On March 06, 2006, the Company issued a press release announcing that an annual
dividend of $0.20 would be paid to all shareholders of record on March 17, 2006
and disbursed on March 24, 2006.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
EXHIBIT
NUMBER DESCRIPTION
99.1 Press release dated March 06, 2006
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, Escalade,
Incorporated has duly caused this report to be signed on its behalf in Wabash,
Indiana by the undersigned hereunto duly authorized.
Date: March 07, 2006 ESCALADE, INCORPORATED
By: /s/ TERRY D. FRANDSEN
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Vice President and Chief Financial Officer
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