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) June 7, 2018

 

ESCALADE, INCORPORATED

(Exact Name of Registrant as Specified in Its Charter)

 

Indiana

(State or Other Jurisdiction of Incorporation)

 

0-6966  13-2739290
(Commission File Number)  (IRS Employer Identification No.)

 

817 Maxwell Avenue, Evansville, Indiana  47711
(Address of Principal Executive Offices)  (Zip Code)

 

(812) 467-1251

(Registrant’s Telephone Number, Including Area Code)

 

Not Applicable

(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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(e)       On June 7, 2018, the Board of Directors notified David L. Fetherman, Escalade’s Chief Executive Officer, that the Board has extended the term of his executive severance agreement for an additional one year term ending December 31, 2019. All other terms of the agreement remain unchanged and in full force and effect. For more information about the agreement, see the Company’s Form 8-K filed with the Commission on June 13, 2016.

 

Item 9.01 Financial Statements and Exhibits

 

(d)       Exhibits

 

Exhibit Description
   
10.1 Executive Severance Agreement dated as of June 9, 2016 by and between Escalade, Incorporated and David L. Fetherman*

 

* Incorporated by reference from the Registrant’s Form 8-K filed with the Commission on June 13, 2016.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, Escalade, Incorporated has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date:  June 8, 2018        ESCALADE, INCORPORATED
   
  By: /s/ STEPHEN R. WAWRIN
   
  Stephen R. Wawrin, Vice President Finance,
Chief Financial Officer and Secretary