ESCALADE INC
For the period ended May 5, 2026. Filed Mar 27, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 5, 2026 · Filed Mar 27, 2026
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Contents
Pay vs. Performance Table
The following table reports the compensation of the Company’s Principal Executive Officer (“PEO”), referred elsewhere in this Proxy Statement as our Chief Executive Officer and President, and the average compensation of the Company’s other named executive officers (as reported in the Summary Compensation Table under “EXECUTIVE COMPENSATION” for the past three fiscal years), as well as their “compensation actually paid” as calculated pursuant to Item 402(v) of Regulation S-K as adopted by the SEC and certain performance measures required thereunder.
| Fiscal Year1 | Summary Compensation Table Total for Walter P. Glazer, Jr., Former Principal Executive Officer (PEO-1)2 | Compensation Actually Paid to PEO-1 | Summary Compensation Table Total for Armin Boehm., Former Principal Executive Officer (PEO-2)3 | Compensation Actually Paid to PEO-2 | Summary Compensation Table Total for Patrick J. Griffin, Current Principal Executive Officer (PEO-3)4 | Compensation Actually Paid to PEO-3 | Average Summary Compensation Table Total for non-PEO Named Executive Officers (NEOs)5 | Average Compensation Actually Paid to NEOs | Value of initial fixed $100 investment based on Total Shareholder Return6 | Company Net Income for the Fiscal Year |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $550,573 | $529,2017 | $2,726,763 | $1,656,4067 | $488,161 | $478,8317 | $694,531 | $684,2697 | $148.72 | $13,701,000 |
| 2024 | $1,665,978 | $900,2368 | N/A | N/A | N/A | N/A | $549,102 | $491,2508 | $150.59 | $12,986,000 |
| 2023 | $1,757,737 | $3,299,4229 | N/A | N/A | N/A | N/A | $460,750 | $577,2499 | $201.77 | $9,829,000 |
1 The Company’s 2025, 2024 and 2023 fiscal years ended on December 31, 2025, December 31, 2024 and December 31, 2023, respectively. All numbers reported in this table relate to the applicable fiscal year.
2 Mr. Glazer served as the Company’s Chief Executive Officer and President from January 1, 2022 until his retirement effective March 31, 20225. He previously served as Interim Chief Executive Officer and President from February 19, 2021 through December 31, 2021. He also served as Chairman of the Board of Directors at all such times and continues in the role currently. Mr. Glazer’s 2025 compensation includes $184,195 received for services as a Company director after his retirement as an executive officer.
3 Mr. Boehm served as the Company’s Chief Executive Officer and President from April 1, 2025 until October 29, 2025. Mr. Boehm’s 2025 compensation includes $805,351 in severance benefits.
4 Mr. Griffin commenced service as the Company’s Interim Chief Executive Officer and President on October 29, 2025 and now serves as the Company’s full-time Chief Executive Officer and President. Previously, Mr. Griffin served as the Company’s Vice President, Corporate Development and Investor Relations since August 2012, and in other roles since 2002. His compensation for fiscal years 2024 and 2023 is included in the calculations for compensation for non-PEO named executive officers. Approximately $375,000 of Mr. Griffin’s 2025 compensation relates to the ten months prior to his becoming the Company’s Interim Chief Executive Officer and President.
5 The non-PEO named executive officer in the Company’s 2025 fiscal year consisted of Stephen R. Wawrin, , the Company’s Chief Financial Officer, Vice President Finance, and Secretary. In each of the Company’s 2024 and 2023 fiscal years, the non-PEO named executive officers were Mr. Wawrin and Mr. Griffin.
6 Calculated based upon the closing price of a share of the Company’s common stock on the last day of its 2022, 2023, 2024 and 2025 fiscal years, which prices were $10.18, $20.09, $14.28 and 13.49, respectively.
7 The amounts reported as “Compensation Actually Paid” in 2025 to Messrs. Glazer, Boehm, Griffin and Wawrin have been calculated in accordance with Item 402(v) of SEC Regulation S-K. As required by Item 402(v), the following adjustments were made to each such individual’s 2025 total compensation in order to compute “compensation actually paid”:
| Walter P. Glazer, Jr. (PEO-1) | Armin Boehm (PEO-2) | Patrick J. Griffin (PEO-3) | Average NEOs | |
|---|---|---|---|---|
| Total Compensation Reported in Summary Compensation Table(a) | $550,573 | $2,726,763 | $488,161 | $694,531 |
| Minus Fair Value of Equity Awards made in 2025(b) | (309,938) | (1,070,357) | (206,504) | (89,880) |
| Plus Fair Value of Equity Awards granted in 2025 that are outstanding and unvested at end of 2025(c) | 173,293 | 0 | 74,465 | 80,940 |
| Plus Change in Fair Value of Equity Awards granted prior to 2025 that are outstanding and unvested at end of 2025(d) | (52,195) | 0 | (4,780) | (5,986) |
| Plus Fair Value of Equity Awards granted in 2025 that vested in 2025(e) | 118,000 | 0 | 123,814 | 0 |
| Plus Change in Fair Value of Equity Awards granted prior to 2025 that vested in 2025(f) | 49,468 | 0 | 3,675 | 4,664 |
| Minus Fair Value of Equity Awards granted prior to 2025 that failed to meet applicable vesting conditions | 0 | 0 | 0 | 0 |
| Total | $529,201 | $1,656,406 | $478,831 | $684,269 |
(a) See Column (k) of Summary Compensation Table under “EXECUTIVE COMPENSATION”.
(b)See Columns (e) and (g) of Summary Compensation Table under “EXECUTIVE COMPENSATION”.
(c) Calculated based on 12/31/25 stock price ($13.49).
(d) Calculated based on difference between 12/31/25 stock price ($13.49) and 12/31/24 stock price ($14.28).
(e)Calculated based on vesting date stock price. See footnotes to Summary Compensation Table under “EXECUTIVE COMPENSATION”.
(f) Calculated based on difference between vesting date stock price and 12/31/24 stock price ($14.28).
8 The amounts reported as “Compensation Actually Paid” in 2024 to Messrs. Glazer, Wawrin and Griffin have been calculated in accordance with Item 402(v) of SEC Regulation S-K. As required by Item 402(v), the following adjustments were made to each such individual’s 2024 total compensation in order to compute “compensation actually paid”:
| Walter P. Glazer, Jr. (PEO) | Average NEOs | |
|---|---|---|
| Total Compensation Reported in Summary Compensation Table(a) | $1,665,978 | $549,102 |
| Minus Fair Value of Equity Awards made in 2024(b) | (736,509) | (86,535) |
| Plus Fair Value of Equity Awards granted in 2024 that are outstanding and unvested at end of 2024(c) | 820,386 | 96,390 |
| Plus Change in Fair Value of Equity Awards granted prior to 2024 that are outstanding and unvested at end of 2024(d) | (572,813) | (38,988) |
| Plus Fair Value of Equity Awards granted in 2024 that vested in 2024(e) | 0 | 0 |
| Plus Change in Fair Value of Equity Awards granted prior to 2024 that vested in 2024(f) | (276,806) | (28,719) |
| Minus Fair Value of Equity Awards granted prior to 2024 that failed to meet applicable vesting conditions | 0 | 0 |
| Total | $900,236 | $491,250 |
(a) See Column (k) of Summary Compensation Table under “EXECUTIVE COMPENSATION.”
(b) See Column (g) of Summary Compensation Table under “EXECUTIVE COMPENSATION.”
(c) Calculated based on 12/31/24 stock price ($14.28).
(d) Calculated based on difference between 12/31/24 stock price ($14.28) and 12/31/23 stock price ($20.09).
(e)Calculated based on vesting date stock price. See Column (e) of Summary Compensation Table under “EXECUTIVE COMPENSATION”.
(f) Calculated based on difference between vesting date stock price and 12/31/23 stock price ($20.09).
9 The amounts reported as “Compensation Actually Paid” in 2023 to Messrs. Glazer, Wawrin and Griffin have been calculated in accordance with Item 402(v) of SEC Regulation S-K. For purposes of this footnote 9, except as otherwise noted, see the Company’s 2024 Proxy Statement for all references to the Summary Compensation Table under “EXECUTIVE COMPENSATION”. As required by Item 402(v), the following adjustments were made to each such individual’s 2023 total compensation in order to compute “compensation actually paid”:
| Walter P. Glazer, Jr. (PEO) | Average NEOs | |
|---|---|---|
| Total Compensation Reported in Summary Compensation Table(a) | $1,757,737 | $460,750 |
| Minus Fair Value of Equity Awards made in 2023(b) | (1,346,873) | (145,200) |
| Plus Fair Value of Equity Awards granted in 2023 that are outstanding and unvested at end of 2023(c) | 1,673,698 | 139,435 |
| Plus Change in Fair Value of Equity Awards granted prior to 2023 that are outstanding and unvested at end of 2023(d) | 853,271 | 51,522 |
| Plus Fair Value of Equity Awards granted in 2023 that vested in 2023(e) | 282,171 | 56,500 |
| Plus Change in Fair Value of Equity Awards granted prior to 2023 that vested in 2023(f) | 79,418 | 14,242 |
| Minus Fair Value of Equity Awards granted prior to 2023 that failed to meet applicable vesting conditions | 0 | 0 |
| Total | $3,299,422 | $577,249 |
(a) See Column (k) of Summary Compensation Table under “EXECUTIVE COMPENSATION.”
(b) See Columns (e) and (g) of Summary Compensation Table under “EXECUTIVE COMPENSATION.”
(c) Calculated based on 12/31/23 stock price ($20.09).
(d) Calculated based on difference between 12/31/23 stock price ($20.09) and 12/31/22 stock price ($10.18).
(e)Calculated based on vesting date stock price. See Column (e) of Summary Compensation Table under “EXECUTIVE COMPENSATION”.
(f) Calculated based on difference between vesting date stock price and 12/31/22 stock price ($10.18).
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