SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): December 30, 2002
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ESCALADE, INCORPORATED
(Exact name of Registrant as specified in its charter)
Indiana 0-6966 13-2739290
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) I.D. No.)
817 Maxwell Avenue, Evansville, Indiana 47711
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (812) 467-1200
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ITEM 5. OTHER EVENTS
On December 30, 2002, Escalade, Incorporated (Escalade) announced that Martin
Yale Industries, Inc. (Martin Yale), a wholly owned subsidiary of Escalade, had
acquired an additional 760,500 shares of the outstanding stock of Schleicher &
Co. International AG (Schleicher) for $2,784,000 in cash.
With this acquisition, Martin Yale increased its total ownership to 1,467,334
shares or 51.2% of the outstanding shares of Schleicher. Under German law,
Martin Yale is now required to make a tender offer for the remaining 1,398,666
outstanding shares of Schleicher. Martin Yale has initiated the required tender
offer and expects to complete it by the end of its first fiscal quarter in 2003.
The current acquisition and subsequent tender offer for Schleicher shares will
be financed by a term loan facility with Bank One Indiana, N.A.
A copy of the Company's press release announcing the acquisition of the
Schleicher shares, dated December 30, 2002, is attached as an exhibit to this
Current Report on Form 8-K.
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
Evansville, Indiana by the undersigned hereunto duly authorized.
Date: January 10, 2003 ESCALADE, INCORPORATED
By: /s/ John R. Wilson
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Vice President and Chief Financial Officer
INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
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99.1 Press release dated December 30, 2002.