<SEC-DOCUMENT>0001193125-16-695755.txt : 20160829
<SEC-HEADER>0001193125-16-695755.hdr.sgml : 20160829
<ACCEPTANCE-DATETIME>20160829172801
ACCESSION NUMBER:		0001193125-16-695755
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160829
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160829
DATE AS OF CHANGE:		20160829

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CALLAWAY GOLF CO
		CENTRAL INDEX KEY:			0000837465
		STANDARD INDUSTRIAL CLASSIFICATION:	 [3949]
		IRS NUMBER:				953797580
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10962
		FILM NUMBER:		161858798

	BUSINESS ADDRESS:	
		STREET 1:		2180 RUTHERFORD RD
		CITY:			CARLSBAD
		STATE:			CA
		ZIP:			92008-8815
		BUSINESS PHONE:		7609311771

	MAIL ADDRESS:	
		STREET 1:		2180 RUTHERFORD ROAD
		CITY:			CARLSBAD
		STATE:			CA
		ZIP:			92008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CALLAWAY GOLF
		DATE OF NAME CHANGE:	20070604

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CALLAWAY GOLF CO
		DATE OF NAME CHANGE:	20070604

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CALLAWAY GOLF CO /CA
		DATE OF NAME CHANGE:	19940222
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d245957d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of Earliest Event Reported): August 29, 2016 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>CALLAWAY GOLF COMPANY </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact Name of Registrant as Specified in its Charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>1-10962</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>95-3797580</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or Other Jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of Incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File No.)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2180 Rutherford Road </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Carlsbad, California 92008-7328 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of Principal Executive Offices, Including Zip Code) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(760) 931-1771 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s Telephone Number, Including Area Code) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;7.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Regulation FD Disclosure.* </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On August 29, 2016, Callaway Golf Company (the
&#147;Company&#148;) issued a press release announcing that it has entered into an agreement to acquire Toulon Design.&nbsp;A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by this reference.&nbsp;The
acquisition is expected to have only a minimal impact on the Company&#146;s financial results in 2016 and the estimated impact is already included in the Company&#146;s financial guidance provided on July&nbsp;27, 2016.</P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits.* </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Exhibits. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following exhibit is being furnished herewith: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="88%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit&nbsp;99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press release, dated August 29, 2016, captioned &#147;Callaway Golf Company Acquires Toulon Design.&#148;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top">The information furnished under Item 7.01 and Item 9.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be &#147;filed&#148; for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, except as shall be
expressly set forth by specific reference in such filing. </TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:&nbsp;August 29, 2016</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><B>CALLAWAY GOLF COMPANY</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Brian P. Lynch<U> </U></P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Brian P. Lynch</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior Vice President, General Counsel and</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Corporate Secretary</P></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d245957dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g245957001.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CALLAWAY GOLF COMPANY ACQUIRES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TOULON DESIGN </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>Leading Equipment Manufacturer Strengthens its Premium Milled Putter Offering </I></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>and Adds Industry Innovator </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CARLSBAD, Calif., August 29, 2016 </B>&#151; Callaway Golf Company (NYSE: ELY), an industry leader in innovative golf equipment and technology, today
announced it has entered into an agreement to acquire Toulon Design. Based in Vista, California, Toulon Design is a premium milled putter company specializing in performance-driven design and exceptional customization. Sean Toulon, the
company&#146;s co-founder, is an established innovator in the golf industry with more than 30 years of experience; he will join Callaway Golf as SVP, Callaway Golf and General Manager, Odyssey Brand. Terms of the agreement were not disclosed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With the acquisition of Toulon Design, Callaway strengthens its position in the putter category, where its Odyssey brand has been the #1 Putter in Golf<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP> since Callaway acquired the brand in 1997. Odyssey is also the #1 Putter across the major worldwide Tours, with more Tour wins and major championships than any other putter company this year.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Sean is one of the most experienced and knowledgeable leaders in the golf equipment industry, and we are excited to have him come aboard to help us
continue to lead the putter category with great designs and the highest performing innovations,&#148; commented Chip Brewer, President and Chief Executive Officer at Callaway Golf Company. &#147;With today&#146;s announcement we fortify our position
as the number one equipment company in golf and add valuable experience to our leadership team.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;We are so excited to be joining forces with
Callaway and Odyssey,&#148; said Mr. Toulon. &#147;We have been inspired by the innovation of these two great brands over a long period of time.&nbsp;But what might be even more impressive is the engagement these great brands have with
golfers,&#148; he continued.&nbsp;&#147;We have always believed that a deep connection to the game and to those that love it is the key to creating world class products and experiences that golfers love.&nbsp;We feel like we have found the perfect
home and look forward to creating incredible products for passionate golfers for many years to come.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For more information about Callaway Golf,
please visit <U>www.callawaygolf.com</U>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- more - </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About Callaway Golf </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Through an unwavering commitment to innovation, Callaway Golf Company (NYSE:ELY) creates products designed to make every golfer a better golfer. Callaway
Golf Company manufactures and sells golf clubs and golf balls, and sells golf accessories under the Callaway Golf<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> and Odyssey<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> brands
worldwide. For more information please visit www.callawaygolf.com.</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">MEDIA CONTACT: </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Scott Goryl </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Callaway Golf Company
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Scott.Goryl@CallawayGolf.com </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g245957001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g245957001.jpg
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M  (1 0,1 ?_$ +X  0 " 04! 0             ("0<"! 4&"@$# 0$
M                $  " @(" 00" P         &!P0% P@! B  $# 5<#,1
M%A@1  $$  0$ P4&!04       ,! @0%$1(3!@ A% <Q(A4007$R,S!184)2
M(R!C)#46@4,T9!<2 0                   ' 3 0$  @$#!0$  P$
M  $1 "$Q$$%1(##P87%P0)&AP?_:  P# 0 "$0,1   !O\ !@ P<3P!\/H
M ..,8%09H+)RND[ 2;,O$M0 0P*\RTH\_1*\X8YTQ.9 -)W,["6FF7 55&/B
MS I2)SDOCL)V(QB0D(HF,S/)- E\0B*O281=$8T,6DGP1N.\&62MDIS+F2QD
M''&_-1M#S!'H'-^>> ]0!R)'4S(=F   (O'E^/U/3.2V     !1D<(7T
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M<RAR-<['+Z=6-&B^'GP]_'<'O!NF9'@I8SBP6V$\[(T9FN;U2V(ICN:Q$0I
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M  $     $D$@$  $ $@$@  @ $  D $$$  $D @ $D     $@      $@
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3 3\0_@__V@ ( 0,# 3\0_@__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
