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) April 21, 2016
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) 467-4449
(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)) |
Section 8 – Other Events
Item 8.01 | Other Events. |
On April 21, 2016, the Company issued a press release announcing that a quarterly dividend of eleven cents $0.11 per share would be paid to all shareholders of record on June 10, 2016 and disbursed on June 17, 2016.
Section 9 – Financial Statements and Exhibits
Item 9.01 | Financial Statements and Exhibits |
(c) | Exhibits |
EXHIBIT NUMBER |
DESCRIPTION |
99.1 | Press release dated April 21, 2016 |
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 21, 2016 | ESCALADE, INCORPORATED | ||
By: | /s/ Stephen R. Wawrin | ||
Vice President Finance, Chief Financial Officer and Secretary |
2 |
Escalade Announces Quarterly Dividend Of $0.11 Per Share
EVANSVILLE, Ind., April 21, 2016 /PRNewswire/ -- Escalade, Inc. (NASDAQ: ESCA) The Board of Directors of Escalade, Inc. announced today a quarterly dividend of $0.11 per share would be paid to all shareholders of record on June 10, 2016 and disbursed on June 17, 2016.
"We are pleased to continue our quarterly dividend payment," stated Dave Fetherman, President and Chief Executive Officer of Escalade, Inc. "We remain committed to providing dividends for our shareholders, while maintaining a strong balance sheet. We are confident in our growth strategy, entering new categories with innovative products and acquisitions in the sports and recreation equipment markets, which will drive future revenue and earnings growth."
Escalade is a leading manufacturer and marketer of sporting goods products sold worldwide. To obtain more information on the Company and its products, visit our website at: www.EscaladeInc.com or contact Patrick Griffin, Vice President of Corporate Development & Investor Relations at 812/467-4449.
FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements relating to present or future trends or factors that are subject to risks and uncertainties. These risks include, but are not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, Escalade's ability to achieve its business objectives, especially with respect to its Sporting Goods business on which it has chosen to focus, Escalade's ability to successfully achieve the anticipated results of strategic transactions, including the integration of the operations of acquired assets and businesses and of divestitures of non-core assets and businesses, the continuation and development of key customer and supplier relationships, disruptions or delays in our supply chain, Escalade's ability to control costs, general economic conditions, fluctuation in operating results, changes in foreign currency exchange rates, changes in the securities market, Escalade's ability to obtain financing and to maintain compliance with the terms of such financing and other risks detailed from time to time in Escalade's filings with the Securities and Exchange Commission. Escalade's future financial performance could differ materially from the expectations of management contained herein. Escalade undertakes no obligation to release revisions to these forward-looking statements after the date of this report.
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