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
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.
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