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)      April 27, 2007

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

                 (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) 467-4449
              (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 5.02(e) - Departure of Directors or Principal Officers; Election of
               Directors; Appointment of Principal Officers

On April 27, 2007, Escalade's stockholders approved the adoption of the
Escalade, Incorporated 2007 Incentive Plan in the form attached to the proxy
statement relating to Escalade's Annual Meeting of Stockholders held on that
date. A detailed description of the 2007 Incentive Plan is included in that
proxy statement and a copy of the Plan is attached to that proxy statement.
Following the conclusion of the Annual Meeting, consistent with the terms of the
Plan and upon the recommendation of the Compensation Committee of the Escalade
Board of Directors, the Board awarded 12,000 restricted stock units to Terry
Frandsen, the Company's Interim Chief Executive Officer, Chief Financial Officer
and Vice President Finance.


         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:  May 3, 2007                     ESCALADE, INCORPORATED

                                       By: /s/ TERRY D. FRANDSEN
                                           Terry D. Frandsen,
                                           Interim Chief Executive Officer,
                                           Vice President and Chief Financial