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) May 18, 2006
------------------------------
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.)
251 Wedcor Avenue, Wabash, Indiana 46992
--------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(260) 569-7208
--------------------------------------------------------------------------------
(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))
Section 2 - Financial Information
Item 2.01 Completion of Acquisition or Disposition of Assets.
On May 15, 2006, the Company acquired substantially all of the assets of
Carolina Archery Products which manufactures and distributes archery
accessories. The assets acquired include Inventory and Accounts Receivable
valued at $3.3 million, patents valued at $10.4 million, other intangible assets
valued at $0.7 million, and goodwill valued at $4.5 million. The total purchase
price was paid in cash and was financed through the Company's current debt
facilities. The Company intends to relocate the operation into its existing
facilities in Gainesville, Florida.
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 18, 2006 ESCALADE, INCORPORATED
By: /s/ TERRY D. FRANDSEN
-------------------------------------
Terry D. Frandsen, Vice President and
Chief Financial Officer
2