Anita Sehgal Elected to the Board of Directors of Escalade, Inc.
26 Abril 2022 - 10:00AM
Escalade, Inc. (NASDAQ: ESCA, or the “Company”), a leading
manufacturer and distributor of sporting goods and indoor/outdoor
recreational equipment, today announced that it has increased the
size of the Company's Board of Directors (the "Board") from five to
six members, and that Anita Sehgal has been elected to
the Board at the Company’s Annual Meeting of Shareholders.
Ms. Sehgal currently serves as the Senior
Vice President, Marketing & Communications for the Houston
Astros, LLC, a Major League Baseball franchise and is entering her
eighth season. Prior to joining the Houston Astros, Ms.
Sehgal developed extensive experience in various strategic
marketing functions with several entities including as: Senior Vice
President, Marketing & Advertising, Academy + Outdoors, Inc
from 2009-2014; Director, Customer Experience, Best Buy Canada, a
consumer electronics retailer (2004-2009); Director, Marketing,
Forzani, Group Ltd., a large Canadian sporting goods retailer
(2000-2004); and various marketing roles prior thereto with
Critical Mass, Inc. a digital marketing agency, Canadian Airlines
International Ltd., a Canadian airline; BC Tel, a British Columbia
telephone company; SaskTel, a Saskatchewan telecommunications firm,
and Bi-Rite Drugs, Ltd., a Canadian retail pharmacy chain.
Ms. Sehgal served on the board of the Texas Dow
Employees Credit Union for the past six and a half years and is
currently on the board of Reitman’s Canada Ltd., a publicly traded
Canadian retailing company specializing in women’s clothing since
2021. She has also been a board member of Women in Sports and
Entertainment (WISE) since 2017 and has been on the board of Boys
& Girls Clubs of America’s Greater Houston Chapter since 2012.
Ms. Sehgal earned a Bachelor’s degree in Business Administration
with a specialization in Marketing and Human Resources from the
University of Regina in Saskatchewan, Canada and completed the
Executive Leadership Institute program at Dartmouth College.
"Anita is a great addition to our Board,"
commented Walt Glazer, Chairman of the Company's
Board of Directors. "Her industry knowledge and her
experience as a public company director will be valuable to
Escalade. We look forward to her insights and leadership,
especially in consumer engagement, branding, and digital marketing
as we continue on our journey of connecting family and friends,
creating memorable moments, and playing life to its fullest."
“I am thrilled to be joining the team at
Escalade as an independent Board Director,” states Ms. Sehgal. “I
look forward to supporting the continued growth of the organization
and working alongside this dynamic and talented group of executives
and fellow Board members.”
ABOUT ESCALADE,
INC
Founded in 1922, and headquartered in Evansville, Indiana,
Escalade designs, manufactures, and sells sporting goods, fitness,
and indoor/outdoor recreation equipment. Our mission is to
connect family and friends creating lasting memories. Leaders in
our respective categories, Escalade’s brands include Brunswick
Billiards®; STIGA® table tennis; Accudart®; RAVE Sports® water
recreation; Victory Tailgate® custom games; Onix® pickleball;
Goalrilla™ basketball; Lifeline® fitness; Woodplay® playsets; and
Bear® Archery. Escalade’s products are available online and at
leading retailers nationwide. For more information about Escalade’s
many brands, history, financials, and governance please visit
www.escaladeinc.com.
INVESTOR RELATIONS CONTACTPatrick GriffinVice
President - Corporate Development & Investor
Relations812-467-1358
FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements relating to
present or future trends or factors that are subject to risks and
uncertainties. These risks include, but are not limited to:
specific and overall impacts of the COVID-19 global pandemic on
Escalade’s financial condition and results of operations; the
impact of competitive products and pricing; product demand and
market acceptance; new product development; Escalade’s ability to
achieve its business objectives, especially with respect to its
Sporting Goods business on which it has chosen to focus; Escalade’s
ability to successfully achieve the anticipated results of
strategic transactions, including the integration of the operations
of acquired assets and businesses and of divestitures or
discontinuances of certain operations, assets, brands, and
products; the continuation and development of key customer,
supplier, licensing and other business relationships; Escalade’s
ability to develop and implement our own direct to consumer
e-commerce distribution channel; Escalade’s ability to successfully
negotiate the shifting retail environment and changes in consumer
buying habits; the financial health of our customers; disruptions
or delays in our business operations, including without limitation
disruptions or delays in our supply chain, arising from political
unrest, war, labor strikes, natural disasters, public health crises
such as the coronavirus pandemic, and other events and
circumstances beyond our control; Escalade’s ability to control
costs; Escalade’s ability to successfully implement actions to
lessen the potential impacts of tariffs and other trade
restrictions applicable to our products and raw materials,
including impacts on the costs of producing our goods, importing
products and materials into our markets for sale, and on the
pricing of our products; general economic conditions; fluctuation
in operating results; changes in foreign currency exchange rates;
changes in the securities markets; continued listing of the
Company’s common stock on the NASDAQ Global Market and/or inclusion
in market indices such as the Russell 2000; Escalade’s ability to
obtain financing and to maintain compliance with the terms of such
financing; the availability, integration and effective operation of
information systems and other technology, and the potential
interruption of such systems or technology; risks related to data
security of privacy breaches; and other risks detailed from time to
time in Escalade’s filings with the Securities and Exchange
Commission. Escalade’s future financial performance could differ
materially from the expectations of management contained herein.
Escalade undertakes no obligation to release revisions to these
forward-looking statements after the date of this report.
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