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): April 14, 2003
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ESCALADE, INCORPORATED
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(Exact name of Registrant as specified in its charter)
Indiana 0-6966 13-2739290
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(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer I.D. No.)
817 Maxwell Avenue, Evansville, Indiana 47711
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(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (812) 467-1200
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On April 14, 2003 Escalade, Inc.'s ("Escalade") wholly owned subsidiary Martin
Yale Industries, Inc. ("Martin Yale") successfully completed a tender offer for
Schleicher & Co., International AG ("Schleicher"). After the tender offer,
Martin Yale owns 97.2% of the Schleicher shares or 2,784,603. The acquisition of
shares was for cash and the cost of the acquisition was $12,486,092.
The acquisition includes Accounts Receivable, Inventory, Plant, Property and
Equipment. Schleicher, headquartered in Markdorf, Germany, manufactures and
distributes data shredders. Escalade believes the business combination of Martin
Yale and Schleicher has significant synergies that have immediate benefits to
both companies.
The Schleicher shares were acquired by purchases on the German stock market,
privately negotiated transactions and the tender offer. Cash for the acquisition
was obtained from the Company's long-term financing agreement with Bank One
Indiana, N.A.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) and (b) The financial information required by this item 7 will
be filed not later than 60 days after the date of this
Current Report on Form 8-K.
(c) Exhibits 99.1 Press Release dated April 17, 2003.
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
Evansville, Indiana by the undersigned hereunto duly authorized.
Date: April 29, 2003 ESCALADE, INCORPORATED
By: /s/ John R. Wilson
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Vice President and Chief Financial Officer
INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
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99.1 Press release dated April 17, 2003.