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)      March 07, 2006

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

                 (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))

Section 1 - Registrant's Business and Operations

Item 1.01   Entry into a Material Definitive Agreement.

On March 6, 2006, 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 2006:

   Officer                       Title                       Annual Base Salary
   C. W. (Bill) Reed             President and CEO                $275,000
   Terry Frandsen                VP Finance, CFO                  $175,000
   Robert Griffin                Chairman of Board                $ 52,000

In the same meeting the independent directors granted stock options under the
1997 Incentive Stock Option plan to Mr. Reed in the amount of 20,000 and Mr.
Frandsen in the amount of 25,000 shares. 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

Section 8 - Other Events

Item 8.01   Other Events.

On March 06, 2006, the Company issued a press release announcing that an annual
dividend of $0.20 would be paid to all shareholders of record on March 17, 2006
and disbursed on March 24, 2006.

Section 9 - Financial Statements and Exhibits

Item 9.01   Financial Statements and Exhibits

         (c)      Exhibits

          99.1        Press release dated March 06, 2006


         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:  March 07, 2006             ESCALADE, INCORPORATED

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