Current Report Filing (8-k)
September 03 2019 - 4:03PM
Edgar (US Regulatory)
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)
|
September 3, 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)
467-1358
(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 1.01
|
Entry into a Material Definitive Agreement.
|
On September 3, 2019, Escalade, Incorporated (the “Company”)
and its wholly owned subsidiary, Indian Industries, Inc. (“Indian”), entered into the First Amendment to the Amended
and Restated Credit Agreement dated as of January 21, 2019 among the Company, Indian, each of their domestic subsidiaries, and
JPMorgan Chase Bank, N.A., as Administrative Agent. The sole purpose of the First Amendment was to permit the increase in authorized
stock repurchases described in Item 8.01 below and in Exhibit 99.1 hereto.
On September 3, 2019, the Company issued a press release announcing
authorization to increase its expenditures for the Company’s stock repurchase program, a copy of which is filed as Exhibit
99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
|
Item 9.01
|
Financial Statements and Exhibits.
|
Exhibit
|
Description
|
|
|
10.1
|
First Amendment dated as of September 3, 2019 to the Amended
and Restated Credit Agreement dated as of January 21, 2019 among Escalade, Incorporated, Indian Industries, Inc., each of their
domestic subsidiaries, and JPMorgan Chase Bank, N.A., as Administrative Agent
|
99.1
|
Press release dated September 3, 2019
|
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: September
3, 2019
|
ESCALADE,
INCORPORATED
|
|
|
|
|
|
By:
|
/s/
STEPHEN R. WAWRIN
|
|
|
|
Stephen
R. Wawrin, Vice President and
Chief
Financial Officer
|
|
Escalade (NASDAQ:ESCA)
Historical Stock Chart
From Apr 2024 to May 2024
Escalade (NASDAQ:ESCA)
Historical Stock Chart
From May 2023 to May 2024