Escalade reports material weaknesses in internal controls; will amend 2022 10-K and Q1-Q3 2023 reports

ESCALADE INC

Material weaknesses identified in IT general controls, year-end closing, documentation/design, and monitoring.
Controls deemed ineffective as of Dec 31, 2022 and each quarter in 2023.
Company to file amended 10-K for 2022 and amended 10-Qs for Q1-Q3 2023 stating controls not effective.
Management does not expect impact on FORVIS's unqualified opinion on financial statements.
Remediation efforts being evaluated; weaknesses only remediated after sufficient effective operation.

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