Escalade, Incorporated (NASDAQ:ESCA)’s President and Chief Executive Officer, David L. Fetherman intent to retire

Total volume of the Escalade, Incorporated (NASDAQ:ESCA) was 9.92K shares during the trading session on Friday, while its average volume is 14.41K shares. The company remained among day losers, opened at the price of $11.00, whereas its closing price was recorded at $10.80. It declined -0.92% and traded within the range of $10.80 – $11.16 for the day. The 52-week range of the stock remained in between $9.65 – $13.00. The company’s total market capitalization stands at $154.22 million, along with 14.28 million outstanding shares.

Escalade, Incorporated (NASDAQ:ESCA) on November 15, 2019 revealed that David L. Fetherman has told the Escalade Board of Directors of his goal to resign from his situation as the Company’s President and Chief Executive Officer. Pending the employing of his substitution, Mr. Fetherman has consented to keep on filling in as President and Chief Executive Officer through this change period. Moreover, it is normal that Mr. Fetherman will keep on serving on Escalade’s Board of Directors until his replacement gets down to business.

Mr. Fetherman has filled in as Escalade’s President and Chief Executive Officer, and as an individual from Escalade’s Board of Directors since 2015. Before accepting those positions, he was the President of Escalade Sports since 2012 and was its Vice President of Sales and Marketing starting in 2007.

Walter P. Glazer, Jr., the Chairman of the Board of the Escalade Board of Directors, said “Dave Fetherman has made numerous significant commitments to Escalade in the course of recent years. We incredibly value Dave’s difficult work and devotion to Escalade, and are satisfied that he has consented to keep on driving Escalade until his replacement is set up. We want Dave and his family to enjoy all that life has to offer after his retirement from Escalade.”

Mr. Fetherman expressed “It has been my respect and joy to serve Escalade, our investors, and our clients throughout the years. I anticipate helping the Board of Directors and the Escalade supervisory group in affecting a smooth progress to my replacement. In the meantime, Escalade’s clients can keep on anticipating our proceeded with conveyance of value items and magnificent assistance.”

Mr. Glazer likewise remarked on the Escalade Board’s change plan. “Reliable with the Board of Directors’ progression making arrangements for the CEO position, our procedure for recognizing and employing the following Escalade CEO is as of now in progress.”

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