ESCALADE, INCORPORATED (NASDAQ:ESCA) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders
On May 17, 2017, Escalade, Incorporated (the Company) held its
Annual Meeting of Stockholders for which the Board of Directors
solicited proxies. At the Annual Meeting, the stockholders voted
on the election of directors, the appointment of the Companys
independent registered public accounting firm for the Companys
2017 fiscal year, the approval to adopt the Escalade,
Incorporated 2017 Incentive Plan, the approval, by non-binding
vote of the compensation of named executive officers.
In the election of directors, as described in the Companys proxy
statement relating to the Annual Meeting, the seven incumbent
directors whose terms were expiring were nominated for reelection
for a one-year term. The results of the voting in the election of
directors are as follows:
| Number of Votes | ||
| Director Nominee | For | Withheld |
| George Savitsky | 9,247,244 | 77,767 |
| Richard D. White | 9,140,227 | 184,784 |
| Edward E. Williams | 8,975,585 | 349,426 |
| Richard Baalmann, Jr. | 8,976,323 | 348,688 |
| David L. Fetherman | 8,719,485 | 605,526 |
| Patrick J. Griffin | 8,335,944 | 989,067 |
| Walter P. Glazer, Jr. | 9,256,402 | 68,609 |
Therefore, Messrs. George Savitsky, Richard D. White, Edward E.
Williams, Richard Baalmann, Jr., David L. Fetherman, Patrick
Griffin, and Walter Glazer, Jr. were elected to the Board. There
were 3,902,383 broker non-votes with respect to the election of
each of the nominees.
As to the appointment of the firm, BKD, LLP, to serve as the
Companys independent registered public accounting firm for the
Companys 2017 fiscal year, the Companys stockholders ratified
such appointment by a vote of 12,301,570 shares FOR, 465,731
shares AGAINST, and 460,093 shares ABSTAINED, with no broker
non-votes. Therefore, the appointment of BKD, LLP was approved.
As to the approval to adopt the Escalade, Incorporated 2017
Incentive Plan, including issuance of shares of common stock
authorized thereunder, the Companys stockholders ratified by a
vote of 8,067,397 FOR, 1,205,818 shares AGAINST, and 51,796
shares ABSTAINED. There were 3,902,383 broker non-votes.
Therefore, the adoption of the Escalade, Incorporated 2017
Incentive Plan was approved.
As to the approval, by non-binding vote, of the compensation of
our named executive officers the Companys stockholders ratified
by a vote of 12,433,975 shares FOR, 706,586 shares AGAINST, and
86,833 shares ABSTAINED. Therefore the compensation for our named
executive officers was approved, by non-binding vote.
About ESCALADE, INCORPORATED (NASDAQ:ESCA)
Escalade, Incorporated (Escalade) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The Company operates in Sporting Goods (Escalade Sports) segment. Escalade Sports manufactures, imports and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key online retailers, traditional department stores and mass merchants. Escalade offers table tennis tables, residential in-ground basketball goals and in archery bows. Its brands, owned or distributed include Bear Archery, Trophy Ridge, Whisker Biscuit, Cajun Bowfishing, STIGA, Ping-Pong, Prince, Goalrilla, Goaliath, Silverback, Hoopstar, Goalsetter, Woodplay, Childlife, The STEP, USWeight, Atomic, Redline, Mizerak, Minnesota Fats, Accudart, Arachnid, Nodor, Pickleball Now, Onix and Viva Sol. Escalade Sports manufactures in the United States and Mexico, and imports product from Asia. ESCALADE, INCORPORATED (NASDAQ:ESCA) Recent Trading Information
ESCALADE, INCORPORATED (NASDAQ:ESCA) closed its last trading session up +0.15 at 11.90 with 29,456 shares trading hands.
