(e) On September 14, 2012, Escalade, Incorporated ("Escalade") entered into the agreement attached hereto as Exhibit 10.1 with Robert J. Keller, Escalade's Chief Executive Officer. Escalade's Board of Directors, acting through its Compensation Committee, deemed it in Escalade's best interests to enter into the agreement as an additional inducement to Mr. Keller to retain his services. The agreement provides that if Escalade would terminate Mr. Keller's employment without cause, or if Mr. Keller would resign for good reason, then Mr. Keller would receive a payment equal to one year of his base salary. Escalade would also pay Mr. Keller a proportionate amount of any incentive compensation payable to Mr. Keller for the year in which such a severance would occur, determined at the end of such year if the incentive criteria are achieved. The agreement has an initial term ending December 31, 2013, which term may be extended for additional one year terms upon notice by the Board to Mr. Keller not later than one year prior to expiration of the then current term. Mr. Keller remains an employee at will, as are Escalade's other executive officers and employees.

The copy of the agreement included as Exhibit 10.1 to this Current Report on Form 8-K is incorporated herein by reference. The foregoing summary of this agreement is qualified in its entirety by reference thereto.

(d) Exhibits

Exhibit    Description

10.1       Executive Severance Agreement dated as of September 14, 2012 by and
           between Escalade, Incorporated and Robert J. Keller