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) February 9, 2007
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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 5 - Corporate Governance and Management
Item 5.02 - Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
On February 9, 2007, the compensation committee met to review 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 2007:
Officer Title Annual Base Salary
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Daniel Messmer President and CEO $247,500
Terry Frandsen VP Finance, CFO $181,500
Robert Griffin Chairman of Board $53,500
In addition, the compensation committee, with the unanimous support the other
independent directors, authorized the payment of $15,000 to Mr. Robert Griffin
in recognition of his services performed in 2006 as interim Chief Executive
Officer.
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: February 13, 2007 ESCALADE, INCORPORATED
By: /s/ TERRY D. FRANDSEN
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Vice President and Chief Financial Officer
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