8-K 1 tv524216_8k.htm FORM 8-K

 

 

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 25, 2019

 

 

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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol Name of Exchange on which registered
Common Stock, No Par Value ESCA The NASDAQ Stock Market LLC

 

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 25, 2019, the Board of Directors of Escalade, Incorporated (“Escalade”) 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, 2020. The Board also authorized Escalade to enter into Amendment No.1 to the Executive Severance Agreement, which Amendment has been executed by Escalade and Mr. Fetherman. The Amendment provides that future extensions, if any, of the term will be made on or before November 30 of each year rather than on or before June 30. All other terms of the Executive Severance Agreement remain unchanged and in full force and effect. For more information about the Executive Severance 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 Amendment No.1 to Executive Severance Agreement dated as of June 25, 2019 between Escalade, Incorporated and David L. Fetherman
10.2 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, as amended, Escalade, Incorporated has duly caused this report to be signed on its behalf in Evansville, Indiana by the undersigned hereunto duly authorized.

 

Date:  June 25, 2019 ESCALADE, INCORPORATED  
     
  By: /s/ STEPHEN R. WAWRIN    
 

Stephen R. Wawrin, Vice President Finance, Chief

Financial Officer and Secretary