ESCALADE INC — Capital/Financing Update 2007

Dec 19, 2007

8-K 1 escalade_8k.htm FORM 8-K

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) December 18, 2007

| 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) 467-4449 | |
| (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):

| o | Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| --- | --- |
| o | Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
| o | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |

Section 1 – Registrant’s Business and Operations

Item 1.01 Entry into a Material Definitive Agreement

On December 18, 2007, the Company’s wholly owned subsidiary, Indian-Martin Inc., executed an amendment to its revolving term agreement extending the maturity date of the credit facility to June 30, 2010. All other terms and conditions of the agreement were unchanged. As of December 18, 2007 the outstanding balance on this line was $19.3 million.

Item 9.01 Financial Statements and Exhibits

(c)
Exhibit	Description
10.1	Third Amendment to Amended
and Restated Credit Agreement effective September 5, 2003 by and between
Indian-Martin Inc. and JPMorgan Chase Bank, NA. The effective date of the
Amendment was December 14, 2007.
10.2	Promissory note between
Indian-Martin Inc. and JPMorgan Chase Bank, NA dated December 14, 2007.

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:
December 19, 2007 |
| --- |
| By: /s/ TERRY D. FRANDSEN |
| Terry D. Frandsen, Interim Chief Executive Officer,
Vice President and Chief Financial Officer |

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