0001144204-15-057454.txt : 20150930 0001144204-15-057454.hdr.sgml : 20150930 20150930170751 ACCESSION NUMBER: 0001144204-15-057454 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150930 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150930 DATE AS OF CHANGE: 20150930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ESCALADE INC CENTRAL INDEX KEY: 0000033488 STANDARD INDUSTRIAL CLASSIFICATION: [3949] IRS NUMBER: 132739290 STATE OF INCORPORATION: IN FISCAL YEAR END: 1226 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-06966 FILM NUMBER: 151134499 BUSINESS ADDRESS: STREET 1: 817 MAXWELL AVE. CITY: EVANSVILLE STATE: IN ZIP: 47711 BUSINESS PHONE: 812-467-4449 MAIL ADDRESS: STREET 1: 817 MAXWELL AVE. CITY: EVANSVILLE STATE: IN ZIP: 47711 FORMER COMPANY: FORMER CONFORMED NAME: MARTIN YALE BUSINESS MACHINES CORP DATE OF NAME CHANGE: 19820310 FORMER COMPANY: FORMER CONFORMED NAME: MARTIN YALE INDUSTRIES INC DATE OF NAME CHANGE: 19720306 FORMER COMPANY: FORMER CONFORMED NAME: WILLIAMS MANUFACTURING CO DATE OF NAME CHANGE: 19710504 8-K 1 v421367_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) September 30, 2015

 

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) 467-1251

(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))

 

 

 

 

Item 8.01Other Events

 

Escalade’s wholly owned subsidiary, Indian Industries, Inc. has acquired all of the issued and outstanding shares of capital stock of Goalsetter Systems, Inc. (“Goalsetter”).

 

On September 30, 2015 Escalade issued the press release attached as Exhibit 99.1 announcing the Goalsetter acquisition.

 

Item 9.01Financial Statements and Exhibits

 

  (c)Exhibits

 

Exhibit Description
99.1 Press release dated September 30, 2015

 

 

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 30, 2015 ESCALADE, INCORPORATED  
     
  By:  /s/ STEPHEN R. WAWRIN  
    Stephen R. Wawrin, Vice President and Chief Financial Officer   

 

 

EX-99.1 2 v421367_ex99-1.htm EXHIBIT 99.1
Exhibit 99.1
 

Escalade Sports Acquires Goalsetter® To Strengthen Basketball Category Leadership



Global Sporting Goods Leader Adds Iowa-Based Brand of Premium In-Ground Basketball Goals to Its Extensive Sports Equipment Portfolio; Announces Manufacturing Partnership with Co-Line Manufacturing

EVANSVILLE, Ind., Sept. 30, 2015 /PRNewswire/ -- Escalade Sports®, a wholly owned subsidiary of Escalade, Inc. (Nasdaq: ESCA) and global leader in sports and outdoor recreational equipment, today announced that it has acquired Goalsetter Systems, Inc., a premium brand of in-ground basketball goals for residential, institutional and commercial use, from Iowa-based Co-Line Manufacturing, a company known for its advanced metal-fabrication services. The acquisition will significantly strengthen Escalade Sports' leadership in the residential in-ground basketball goal category. Escalade expects the acquisition of Goalsetter to be accretive to their business results beginning in 2016.

Escalade, Inc.

Part of a broader company strategy to strengthen its position in established and emerging sports and outdoor recreational activities, the acquisition of Goalsetter will help Escalade Sports grow its specialty channel of distribution by providing customers with the two leading brands in the industry – its existing Goalrilla brand and, now, Goalsetter. Escalade Sports will partner with Co-Line Manufacturing in manufacturing at its two modern facilities, totaling 180,000 square feet, in Sully, Iowa. The acquisition will provide Escalade Sports access to Goalsetter's extensive technology portfolio, including its internal compression height adjustment and ground anchor hinge systems.

"We are pleased to announce the addition of Goalsetter to the Escalade Sports family of sports equipment brands," said Robert J. Keller, president and chief executive officer of Escalade, Inc. "This acquisition will help support the aggressive market strategy we have implemented to strengthen our leadership of the residential in-ground basketball category through brand-building and product innovation. The acquisition of Goalsetter allows us to provide better service to our specialty channel customers and compete more broadly in the sporting goods channel. Additionally, our partnership with Co-Line Manufacturing will enable us to work with a proven supplier to increase our supply chain flexibility and increase our speed to market."

Dale Brand, co-owner of Co-Line Manufacturing said, "Co-Line is very excited about this transaction with Escalade Sports. They will be excellent stewards of the Goalsetter brand, and we will be able to focus on our core business and what we do best – exceptional quality metal fabrication. We look forward to the ongoing relationship with Escalade and the opportunity to continue to build Goalsetter products here at our Iowa-based facility."

In the early 1990s, Goalsetter was the first-to-market with a premium, in-ground, height adjustable, regulation-size basketball hoop system, enabling younger players to better develop as they grew and improved their skills. Today, Goalsetter basketball systems are "Made in the USA," have a unique look and offer features including an offset pole design as well as compression jack and hinged anchor systems. Goalsetter offers a wide variety of basketball products ranging from its 36" junior basketball hoop up to its 72" regulation-size goals. Goalsetter provides a broad range of basketball accessories and has a collegiate licensing agreement to sell pole pads and decals for most major NCAA basketball conferences.

Escalade Sports products are available at sporting goods dealers and independent retailers nationwide. For more information, visit www.EscaladeSports.com.

ABOUT ESCALADE SPORTS
Headquartered in Evansville, IN, Escalade Sports is a global manufacturer and distributor of sports and outdoor recreational equipment. Leaders in their respective categories, Escalade Sports' brands include Bear Archery and Trophy Ridge archery accessories; STIGA® and Ping-Pong® table tennis; Accudart® and Unicorn® darting; Onix Sports and Pickleball Now pickleball equipment; Goalrilla, Goaliath® and Silverback® residential in-ground basketball systems; the STEP® fitness products; Woodplay® and Childlife® premium playsets; and Cue and Case Sales – a leader in specialty billiard accessories. Escalade Sports products are available at sporting goods dealers and independent retailers nationwide. For more information on Escalade Sports, its brands, instruction manuals, game rules, retailers, warranty, replacement parts or customer service, please call 1-888-784-4288 or visit www.escaladesports.com.

FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements relating to present or future trends or factors that are subject to risks and uncertainties. These risks include, but are not limited to, Escalade's ability to successfully achieve the anticipated results of strategic acquisitions, including the integration of the operations of acquired assets and businesses, the impact of competitive products and pricing, product demand and market acceptance, and other risks detailed from time to time in Escalade's filings with the Securities and Exchange Commission. Escalade undertakes no obligation to release revisions to these forward-looking statements after the date of this report.

Media Contact:

BMLPublic Relations


Brian M. Lowe


Laurie Pepitone


973-337-6395

Logo - http://photos.prnewswire.com/prnh/20130830/MM72120LOGO



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