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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001019056-05-000258.txt : 20050224
<SEC-HEADER>0001019056-05-000258.hdr.sgml : 20050224
<ACCEPTANCE-DATETIME>20050224102748
ACCESSION NUMBER:		0001019056-05-000258
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20050224
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050224
DATE AS OF CHANGE:		20050224

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:		05636083

	BUSINESS ADDRESS:	
		STREET 1:		817 MAXWELL AVE
		STREET 2:		P O BOX 899
		CITY:			EVANSVILLE
		STATE:			IN
		ZIP:			47717
		BUSINESS PHONE:		8124671200

	MAIL ADDRESS:	
		STREET 1:		PO BOX 889
		CITY:			EVANSVILLE
		STATE:			IN
		ZIP:			47706

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>escalade_8k.txt
<DESCRIPTION>FORM 8-K
<TEXT>
                                  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)      February 24, 2005
                                                       -------------------------

                              ESCALADE, INCORPRATED
- --------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

                                     Indiana
- --------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

                0-6996                                 13-2739290
- --------------------------------------------------------------------------------
       (Commission File Number)             (IRS Employer Identification No.)


         251 Wedcor Avenue, Wabash, Indiana 46992                    46992
- --------------------------------------------------------------------------------
         (Address of Principal Executive Offices)                  (Zip Code)

                                 (260) 569-7208
- --------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)


- --------------------------------------------------------------------------------
          (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))
<PAGE>

Section 1 - Registrant's Business and Operations

Item 1.01  Entry into a Material Definitive Agreement.

On February 18, 2005, the compensation committee met and reviewed the annual
compensation of Escalade key executives. The compensation committee then met
with the other independent directors and unanimously approved the following
annual base salaries for 2005:

         Officer                  Title                    Annual Base Salary
         -----------------------------------------------------------------------
         C. W. (Bill) Reed        President and CEO             $244,000
         Terry Frandsen           VP Finance, CFO               $150,000

In the same meeting the independent directors granted stock options under the
1997 Incentive Stock Option plan to Mr. Reed and Mr. Frandsen in the amount of
40,000 shares each. Under the terms of the option plan the options vest in equal
installments over a period of four years from the date of grant. The exercise
price is equal to the market closing price on the date of grant.



Section 8 - Other Events

Item 8.01   Other Events.

On February 18, 2005, the Board of Directors of Escalade, Inc. authorized the
payment of a fifteen cent ($0.15) per share dividend payable March 18, 2005 to
all shareholders of record on March 11, 2005.

In the same meeting the Board of Directors increased the amount available for
purchasing Escalade stock to $3,000,000 and authorized the Company to purchase
shares on the open market or in private negotiated transactions.



Section 9 - Financial Statements and Exhibits

Item 9.01  Financial Statements and Exhibits

         (c)    Exhibits


              EXHIBIT
              NUMBER         DESCRIPTION
               99.1          Press release dated February 22, 2005
               99.2          Press release dated February 24, 2005

                                       2
<PAGE>

                                   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 Wabash,
Indiana by the undersigned hereunto duly authorized.

Date:  February 24, 2005          ESCALADE, INCORPORATED

                                  By: /s/ TERRY D. FRANDSEN
                                      ------------------------------------------
                                      Vice President and Chief Financial Officer

                                       3
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                  EXHIBIT 99.1

PRESS RELEASE

ESCALADE ANNOUNCES DIVIDEND OF $0.15 PER SHARE

Wabash, IN (February 22, 2005) -- Escalade, Inc. (ESCA), announced that its
Board of Directors authorized the payment of a fifteen cent ($0.15) per share
dividend payable March 18, 2005, to all shareholders of record on March 11,
2005.

C.W. (Bill) Reed, President and CEO, stated that "This represents a 25% increase
over the dividend paid last year and reflects the continued strong cash flow of
the business. We are confident that the cash flow in 2005 will be equally as
strong and adequate to support both a dividend and our operating capital
requirements."

Escalade is a quality manufacturer and marketer of sporting goods and
office/graphic arts products sold worldwide. To obtain more information on the
Company and its products, visit our website at: www.EscaladeInc.com or contact
Terry Frandsen Vice President and CFO at 260/569-7208 or C.W. (Bill) Reed,
President and CEO at 260/569-7233.

                                       4
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>ex99_2.txt
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
                                  EXHIBIT 99.2

PRESS RELEASE

ESCALADE ANNOUNCES REPLENISHMENT OF STOCK BUYBACK PROGRAM

Wabash, IN (February 24, 2005) -- Escalade, Incorporated (NASDAQ: ESCA)
announced that it has increased the amount available for purchasing its own
stock to $3,000,000 effective immediately. In February 2003, the Board had
authorized up to $3,000,000 for stock repurchases of which $2,164,192 had been
used.

C. W. (Bill) Reed, President and CEO stated that "The Company continues to look
for opportunities to enhance shareholder value. Buying shares when the market
appears to undervalue them is just one way we intend to do that." The Company
announced that it would look for stock acquisition opportunities on the open
market as well as in private negotiated transactions.

Escalade is a quality manufacturer and marketer of sporting goods and
office/graphic arts products sold worldwide by better resellers.

For more information on Escalade, Inc., please visit our website at
www.EscaladeInc.com or contact Terry Frandsen, VP Finance at 260/569-7208 or
C.W. (Bill) Reed, President and CEO at 260/569-7233.

                                       5
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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