Escalade Inc. Files 8-K on Security Holder Vote Matters

TL;DR

ESCALADE INC. is holding a shareholder vote, details to follow.

AI Summary

On May 8, 2024, Escalade, Incorporated filed an 8-K report detailing a submission of matters to a vote of security holders. The filing does not contain specific details about the nature of the vote or any associated resolutions, but it marks a formal procedural step for the company.

Why It Matters

This filing indicates that Escalade, Inc. is engaging in a process requiring shareholder approval or input, which could have implications for corporate governance or strategic decisions.

Risk Assessment

Risk Level: low — The filing is procedural and does not disclose any immediate financial or operational risks.

Key Players & Entities

• ESCALADE, INCORPORATED (company) — Registrant
• May 8, 2024 (date) — Date of report
• Indiana (location) — State of Incorporation
• 817 Maxwell Avenue, Evansville, Indiana 47711 (address) — Principal Executive Offices
• ( 812 ) 467-1358 (phone_number) — Registrant's Telephone Number

FAQ

Filing Documents

• esca20240508_8k.htm (8-K) — 37KB
• 0001437749-24-015356.txt ( ) — 168KB
• esca-20240508.xsd (EX-101.SCH) — 3KB
• esca-20240508_def.xml (EX-101.DEF) — 11KB
• esca-20240508_lab.xml (EX-101.LAB) — 15KB
• esca-20240508_pre.xml (EX-101.PRE) — 11KB
• esca20240508_8k_htm.xml (XML) — 3KB

07 – Submission of Matters to a Vote of Security Holders

Item 5.07 – Submission of Matters to a Vote of Security Holders On May 8, 2024, Escalade, Incorporated ("Escalade" or the "Company") held its Annual Meeting of Stockholders for which Escalade's Board of Directors (the "Board") solicited proxies. At the Annual Meeting, the stockholders voted on the election of directors, the appointment of the Company's independent registered public accounting firm for the Company's 2024 fiscal year and the approval, by non-binding vote, of the compensation of named executive officers. In the election of directors, as described in the Company's proxy statement relating to the Annual Meeting, the nominees presented for election include current directors, Richard F. Baalmann, Jr., Katherine F. Franklin, Walter P. Glazer, Jr., Patrick J. Griffin, and Edward E. Williams. Each individual elected will serve a one year term, expiring at the 2024 Annual Meeting or until their successors are elected and qualified. The results of the voting in the election of directors are as follows: Number of Votes Director Nominee FOR WITHHELD Richard F. Baalmann, Jr. 8,176,322 403,604 Katherine F. Franklin 7,570,763 1,009,163 Walter P. Glazer, Jr. 8,338,257 241,669 Patrick J. Griffin 8,342,843 237,083 Edward E. Williams 7,684,964 894,962 Therefore, Messrs. Baalmann, Glazer, Griffin, and Williams and Ms. Franklin were elected to the Board. There were 4,094,734 broker non-votes with respect to the election of each of the nominees. As to the appointment of the firm, FORVIS, LLP, to serve as the Company's independent registered public accounting firm for the Company's 2024 fiscal year, the Company's stockholders ratified such appointment by a vote of 11,055,525 shares FOR, 1,428,040 shares AGAINST, and 191,095 shares ABSTAINED, with no broker non-votes. Therefore, the appointment of FORVIS, LLP was approved. As to the approval, by non-binding vote, of the compensation of our named executive officers the Company's stockholders rati

FORWARD-LOOKING STATEMENTS

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: Escalade's ability to achieve its business objectives; 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 or discontinuances of certain operations, assets, brands, and products; the continuation and development of key customer, supplier, licensing and other business relationships; Escalade's ability to develop and implement our own direct to consumer e-commerce distribution channel; the impact of competitive products and pricing; product demand and market acceptance; new product development; Escalade's ability to successfully negotiate the shifting retail environment and changes in consumer buying habits; the financial health of our customers; disruptions or delays in our business operations, including without limitation disruptions or delays in our supply chain, arising from political unrest, war, labor strikes, natural disasters, public health crises such as the coronavirus pandemic, and other events and circumstances beyond our control; the impact of management's conclusion, in consultation with the Audit Committee, that material weaknesses existed in the Company's internal control procedures over financial reporting; the evaluation and implementation of remediation efforts designed and implemented to enhance the Company's control environment, which remediation efforts are ongoing; the potential identification of one or more additional material weaknesses in the Company's internal control of which the Company is not currently aware or that have not yet been detected; the Company's inability or failure to fully remediate material weaknesses in our internal control procedures over financial reporting or any other ma

SIGNATURES

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: May 8, 2024 ESCALADE, INCORPORATED By: /s/ STEPHEN R. WAWRIN Stephen R. Wawrin, Vice President and Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR