<SEC-DOCUMENT>0001140361-21-007841.txt : 20210309
<SEC-HEADER>0001140361-21-007841.hdr.sgml : 20210309
<ACCEPTANCE-DATETIME>20210309185033
ACCESSION NUMBER:		0001140361-21-007841
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210308
FILED AS OF DATE:		20210309
DATE AS OF CHANGE:		20210309

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Dominguez Michael J
		CENTRAL INDEX KEY:			0001320307

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10962
		FILM NUMBER:		21727501

	MAIL ADDRESS:	
		STREET 1:		C/O PROVIDENCE EQUITY PARTNERS, INC.
		STREET 2:		50 KENNEDY PLAZA
		CITY:			PROVIDENCE
		STATE:			RI
		ZIP:			02903

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PEP TG Investments GP LLC
		CENTRAL INDEX KEY:			0001849690
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10962
		FILM NUMBER:		21727502

	BUSINESS ADDRESS:	
		STREET 1:		C/O PROVIDENCE EQUITY PARTNERS L.L.C.
		STREET 2:		50 KENNEDY PLAZA, 18TH FLOOR
		CITY:			PROVIDENCE
		STATE:			RI
		ZIP:			02903
		BUSINESS PHONE:		(401) 751-1700

	MAIL ADDRESS:	
		STREET 1:		C/O PROVIDENCE EQUITY PARTNERS L.L.C.
		STREET 2:		50 KENNEDY PLAZA, 18TH FLOOR
		CITY:			PROVIDENCE
		STATE:			RI
		ZIP:			02903

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PEP TG Investments LP
		CENTRAL INDEX KEY:			0001849588
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10962
		FILM NUMBER:		21727503

	BUSINESS ADDRESS:	
		STREET 1:		C/O PROVIDENCE EQUITY PARTNERS L.L.C.
		STREET 2:		50 KENNEDY PLAZA, 18TH FLOOR
		CITY:			PROVIDENCE
		STATE:			RI
		ZIP:			02903
		BUSINESS PHONE:		(401) 751-1700

	MAIL ADDRESS:	
		STREET 1:		C/O PROVIDENCE EQUITY PARTNERS L.L.C.
		STREET 2:		50 KENNEDY PLAZA, 18TH FLOOR
		CITY:			PROVIDENCE
		STATE:			RI
		ZIP:			02903

ISSUER:		

	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

	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>
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<SEQUENCE>1
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<DESCRIPTION>FORM 3
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    <periodOfReport>2021-03-08</periodOfReport>

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    <issuer>
        <issuerCik>0000837465</issuerCik>
        <issuerName>CALLAWAY GOLF CO</issuerName>
        <issuerTradingSymbol>ELY</issuerTradingSymbol>
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            <rptOwnerCik>0001849588</rptOwnerCik>
            <rptOwnerName>PEP TG Investments LP</rptOwnerName>
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            <rptOwnerStreet1>C/O PROVIDENCE EQUITY PARTNERS L.L.C.</rptOwnerStreet1>
            <rptOwnerStreet2>50 KENNEDY PLAZA, 18TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>PROVIDENCE</rptOwnerCity>
            <rptOwnerState>RI</rptOwnerState>
            <rptOwnerZipCode>02903</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <rptOwnerCik>0001849690</rptOwnerCik>
            <rptOwnerName>PEP TG Investments GP LLC</rptOwnerName>
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            <rptOwnerStreet1>C/O PROVIDENCE EQUITY PARTNERS L.L.C.</rptOwnerStreet1>
            <rptOwnerStreet2>50 KENNEDY PLAZA, 18TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>PROVIDENCE</rptOwnerCity>
            <rptOwnerState>RI</rptOwnerState>
            <rptOwnerZipCode>02903</rptOwnerZipCode>
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            <rptOwnerCik>0001320307</rptOwnerCik>
            <rptOwnerName>Dominguez Michael J</rptOwnerName>
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        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O PROVIDENCE EQUITY PARTNERS L.L.C.</rptOwnerStreet1>
            <rptOwnerStreet2>50 KENNEDY PLAZA, 18TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>PROVIDENCE</rptOwnerCity>
            <rptOwnerState>RI</rptOwnerState>
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            <securityTitle>
                <value>Common stock, par value $0.01 per share</value>
            </securityTitle>
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                    <value>28775226</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
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                    <value>D</value>
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                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
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            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Warrant</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>25.98</value>
                <footnoteId id="F6"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2021-03-08</value>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <value>2026-07-06</value>
                <footnoteId id="F5"/>
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                <underlyingSecurityTitle>
                    <value>Common stock, par value $0.01 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>130064</value>
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    <footnotes>
        <footnote id="F1">This statement is being filed by the following Reporting Persons: PEP TG Investments LP, PEP TG Investments GP LLC and Michael Dominguez. Each of the Reporting Persons may be deemed to have become a 10% Owner of the Issuer in connection with the consummation of the merger of 51 Steps, Inc., a Delaware corporation and direct and wholly owned subsidiary of Issuer (&quot;Merger Sub&quot;), with and into Topgolf International, Inc., a Delaware corporation (&quot;Topgolf&quot;), with Topgolf surviving such merger as a wholly owned subsidiary of the Issuer (the &quot;Merger&quot;), pursuant to that certain Agreement and Plan of Merger, dated October 27, 2020, by and among the Issuer, Merger Sub and Topgolf.  In connection with the Merger, the Issuer issued 28,775,226 shares of common stock, par value $0.01 per share (the &quot;Common Stock&quot;), to PEP TG Investments LP as merger consideration in exchange for shares of Topgolf held by PEP TG Investments LP immediately prior to the Merger.</footnote>
        <footnote id="F2">PEP TG Investments GP LLC is the sole general partner of PEP TG Investments LP. By virtue of such relationship, PEP TG Investments GP LLC has shared voting and investment control with respect to the securities held directly by PEP TG Investments LP, and may be deemed to indirectly beneficially own the securities directly held by PEP TG Investments LP.</footnote>
        <footnote id="F3">Michael Dominguez is the sole member of PEP TG Investments GP LLC. By virtue of such relationship, Michael Dominguez has shared voting and investment control with respect to the securities held directly by PEP TG Investments GP LLC, and may be deemed to indirectly beneficially own the securities directly held by PEP TG Investments LP.</footnote>
        <footnote id="F4">This report shall not be deemed an admission that PEP TG Investments GP LLC or Michael Dominguez is a beneficial owner of the securities held by PEP TG Investments LP, in each case for the purpose of Section 16 of the Exchange Act, or for any other purpose, except to the extent of their pecuniary interest therein, if any. Each of PEP TG Investments GP LLC and Michael Dominguez disclaims any beneficial ownership with respect to such securities, except to the extent of its respective pecuniary interest therein, if any.</footnote>
        <footnote id="F5">The Warrant (as defined below) is exercisable to purchase shares of Common Stock at any time or from time to time after the effective time of the Merger, and prior to 5:00 p.m. Eastern Standard Time on July 6, 2026, subject to adjustment pursuant to the terms of the Warrant. The Merger was consummated on March 8, 2021.</footnote>
        <footnote id="F6">The exercise price is the amount determined by dividing $11.09 by approximately .4270, the Company Equity Award Exchange Ratio (as defined in the Merger Agreement), rounded up to the nearest whole cent, subject to adjustment pursuant to the terms of the Warrant.</footnote>
        <footnote id="F7">In connection with the Merger and pursuant to a Warrant Assumption Agreement (the &quot;Warrant Assumption Agreement&quot;), dated as of October 27, 2020, by and among the Issuer, Topgolf and PEP TG Investments LP, at the effective time of the Merger, the Issuer assumed that certain issued and outstanding Warrant to Purchase Shares of Series E Preferred Stock (the &quot;Original Warrant&quot;), dated July 6, 2016, between Topgolf and PEP TG Investments LP.   At the effective time of the Merger and pursuant to the Warrant Assumption Agreement, the Original Warrant was converted into the right to receive 130,064 shares of Common Stock (such warrant as amended by the Warrant Assumption Agreement, the &quot;Warrant&quot;).</footnote>
    </footnotes>

    <remarks>Exhibit 99.1 (Signatures and Joint Filer Information) is incorporated herein by reference.</remarks>

    <ownerSignature>
        <signatureName>PEP TG INVESTMENTS LP, by: PEP TG Investments GP LLC, by: Michael Dominguez /s/ Michael Dominguez</signatureName>
        <signatureDate>2021-03-09</signatureDate>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>brhc10021464_99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <div style="text-align: right; font-weight: bold;">Exhibit 99.1</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;"><u>Joint Filer Information</u></div>
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            <div>c/o Providence Equity Partners L.L.C.</div>
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            <div>50 Kennedy Plaza, 18th Floor</div>
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            <div>Relationship of Joint Filer to Issuer:</div>
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            <div>10% Owner</div>
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            <div>Callaway Golf Company [ELY]</div>
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          <td style="width: 40%; vertical-align: top;">&#160;</td>
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            <div>Date of Event</div>
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            <div>Requiring Statement (Month/Day/Year):</div>
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            <div>March 8, 2021</div>
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            <div>PEP TG Investments LP</div>
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    <div style="font-weight: bold;">Signature:</div>
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    <div style="font-weight: bold;">PEP TG INVESTMENTS GP LLC</div>
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            <div>By:</div>
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            <div>/s/ Michael Dominguez </div>
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            <div>Title: Authorized Signatory</div>
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    <div>Date:&#160; March 9, 2021</div>
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            <div>10% Owner</div>
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            <div>Callaway Golf Company [ELY]</div>
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          <td style="width: 40%; vertical-align: top;">&#160;</td>
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            <div>PEP TG Investments LP</div>
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    <div style="font-weight: bold;">Signature:</div>
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    <div style="font-weight: bold;">MICHAEL DOMINGUEZ</div>
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            <div>/s/ Michael Dominguez </div>
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            <div>Name: Michael Dominguez</div>
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