<SEC-DOCUMENT>0001193125-26-147798.txt : 20260408
<SEC-HEADER>0001193125-26-147798.hdr.sgml : 20260408
<ACCEPTANCE-DATETIME>20260408164839
ACCESSION NUMBER:		0001193125-26-147798
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		8
FILED AS OF DATE:		20260408
DATE AS OF CHANGE:		20260408

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Callaway Golf Co
		CENTRAL INDEX KEY:			0000837465
		STANDARD INDUSTRIAL CLASSIFICATION:	 [3949]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				953797580
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10962
		FILM NUMBER:		26848707

	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:	Topgolf Callaway Brands Corp.
		DATE OF NAME CHANGE:	20220906

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CALLAWAY GOLF CO
		DATE OF NAME CHANGE:	20070612

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CALLAWAY GOLF
		DATE OF NAME CHANGE:	20070604
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>d11994ddefa14a.htm
<DESCRIPTION>DEFA14A
<TEXT>
<HTML><HEAD>
<TITLE>DEFA14A</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<Center><DIV STYLE="width:8.5in" align="left">

<DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</DIV><DIV STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Arial" ALIGN="center"><B>UNITED STATES </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Arial" ALIGN="center"><B>SECURITIES AND EXCHANGE
COMMISSION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Arial" ALIGN="center"><B>Washington, D.C. 20549 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center><DIV STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</DIV></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Arial" ALIGN="center"><B>SCHEDULE 14A </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Arial" ALIGN="center"><B>Proxy Statement Pursuant to
Section&nbsp;14(a) of the </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Arial" ALIGN="center"><B>Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Arial">Filed by the Registrant&#8194;<FONT STYLE="font-family:Times New Roman">&#9746;</FONT>&#8195;&#8195;&#8195;&#8195;&#8195;Filed by a Party other than the
Registrant&#8194;<FONT STYLE="font-family:Times New Roman">&#9744;</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Arial">Check the appropriate box: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Arial; " ALIGN="left">Preliminary Proxy Statement </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT><B></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Arial; " ALIGN="left"><B></B><B>Confidential, for Use of the Commission Only (as permitted by Rule
<FONT STYLE="white-space:nowrap">14a-6(e)(2))</FONT></B> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Arial; " ALIGN="left">Definitive Proxy Statement </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9746;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Arial; " ALIGN="left">Definitive Additional Materials </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Arial; " ALIGN="left">Soliciting Material Under &#167; <FONT STYLE="white-space:nowrap">240.14a-12</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:22pt; font-family:Arial" ALIGN="center"><B>Callaway Golf Company </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Arial" ALIGN="center"><B>(Name of Registrant
as Specified in its Charter) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:Arial" ALIGN="center"><B>(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Arial">Payment of Filing Fee (Check all boxes that apply): </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9746;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Arial; " ALIGN="left">No fee required </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Arial; " ALIGN="left">Fee paid previously with preliminary materials </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Arial; " ALIGN="left">Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules
<FONT STYLE="white-space:nowrap">14a-6(i)(1)</FONT> and <FONT STYLE="white-space:nowrap">0-11</FONT> </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;
</DIV><DIV STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</DIV>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em">


<IMG SRC="g11994dsp2a.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g11994dsp2b.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="font-size:40pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="35%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><B>Online</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Arial"><I>Before the Meeting </I>- Go to</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Arial"><B>www.investorvote.com/CALY </B>or
scan the QR code</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">&#8211; login details are located in the shaded bar below.</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Arial"><I>During the Meeting </I>- Go to</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Arial"><B>meetnow.global/MH5W7PK. </B>You
may attend</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Arial">the meeting via the Internet and vote during the</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Arial">meeting. Have your
proxy card in hand and follow</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Arial">the instructions.</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="37%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="26%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="35%"></TD></TR>


<TR STYLE="font-size:1pt" BGCOLOR="#d9d9d9">
<TD HEIGHT="1" STYLE="BORDER-TOP:3.00pt solid #000000;">&nbsp;</TD>
<TD HEIGHT="1" COLSPAN="2" STYLE="BORDER-TOP:3.00pt solid #000000;">&nbsp;</TD>
<TD HEIGHT="1" COLSPAN="2" STYLE="BORDER-TOP:3.00pt solid #000000;">&nbsp;</TD></TR>
<TR BGCOLOR="#d9d9d9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="padding-bottom:1pt ;BORDER-BOTTOM:3.00pt solid #000000;"><FONT STYLE="font-family:Arial; font-size:14pt"><B>&#8201;Shareholder Meeting Notice</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:3.00pt solid #000000;">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:1pt ;BORDER-BOTTOM:3.00pt solid #000000;"><FONT STYLE="font-family:Arial; ">&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:3.00pt solid #000000;">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:1pt ;BORDER-BOTTOM:3.00pt solid #000000;">


<IMG SRC="g11994dsp2c.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:14pt; font-family:Arial" ALIGN="center"><B>Important Notice Regarding the Availability of Proxy Materials for the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Arial" ALIGN="center"><B>Callaway Golf Company Shareholder Meeting to be Held on May&nbsp;21, 2026, at 11:00 am ET </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:Arial">Under Securities and Exchange Commission rules, you are receiving this notice that the proxy materials for the annual shareholders meeting are available on the
Internet. Follow the instructions below to view the materials and vote online or request a copy. The items to be voted on and location of the annual meeting are on the reverse side. Your vote is important! </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:Arial"><B>This communication presents only an overview of the more complete proxy materials that are available to you on the Internet. We encourage you to access and review
all of the important information contained in the proxy materials before voting. The proxy statement and 2025 annual report to shareholders are available at: </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="80%" BORDER="0" STYLE="BORDER-COLLAPSE:SEPARATE; font-family:ARIAL; font-size:18pt" ALIGN="center">


<TR>

<TD WIDTH="98%"></TD></TR>


<TR BGCOLOR="#d9d9d9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:18pt">
<TD VALIGN="top" ALIGN="center" STYLE="padding-bottom:4pt ;padding-top:6pt ;border-radius:14pt 14pt 14pt 14pt ; "><FONT STYLE="font-family:Arial; "><B>https://web.viewproxy.com/callawaygolfcompany/2026</B></FONT></TD></TR>
</TABLE> <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:ARIAL; font-size:12pt" ALIGN="center">


<TR>

<TD WIDTH="9%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="82%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" ROWSPAN="5">


<IMG SRC="g11994dsp2e.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Arial"><B>Easy Online Access &#8211; View your proxy materials and vote.</B></P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><B>Step&nbsp;1:</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Go to <B>www.investorvote.com/CALY.</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><B>Step 2:</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Click on the icon on the right to view meeting materials.</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><B>Step 3:</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Return to the investorvote.com window and follow the instructions on the screen to log in.</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><B>Step 4:</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Make your selections as instructed on each screen for your delivery preferences.</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><B>Step 5:</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Vote your shares.</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:12pt; font-family:Arial" ALIGN="center"><B>When you go online, you can also help the environment by consenting to receive electronic delivery of future
materials. </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</DIV>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="91%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<TD VALIGN="top">


<IMG SRC="g11994dsp2f.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><B>Obtaining a Copy of the Proxy Materials &#8211; If you want to receive a copy of the proxy materials, you must request one. There is no charge to you for requesting a copy. Please make your
request as instructed on the reverse side on or before May&nbsp;8, 2026 to facilitate timely delivery.</B></FONT></TD></TR>
</TABLE> <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:ARIAL; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

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

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<TD VALIGN="top">


<IMG SRC="g11994dsp2g.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">2 NOT</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g11994dsp2b.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:9%; font-size:6pt; font-family:Arial">049MSC </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="37%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="26%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="35%"></TD></TR>


<TR STYLE="font-size:1pt" BGCOLOR="#d9d9d9">
<TD HEIGHT="1" STYLE="BORDER-TOP:3.00pt solid #000000;">&nbsp;</TD>
<TD HEIGHT="1" COLSPAN="2" STYLE="BORDER-TOP:3.00pt solid #000000;">&nbsp;</TD>
<TD HEIGHT="1" COLSPAN="2" STYLE="BORDER-TOP:3.00pt solid #000000;">&nbsp;</TD></TR>
<TR BGCOLOR="#d9d9d9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="padding-bottom:1pt ;BORDER-BOTTOM:3.00pt solid #000000;"><FONT STYLE="font-family:Arial; font-size:14pt"><B>&#8201;Shareholder Meeting Notice</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:3.00pt solid #000000;">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:1pt ;BORDER-BOTTOM:3.00pt solid #000000;"><FONT STYLE="font-family:Arial; ">&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:3.00pt solid #000000;">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:3.00pt solid #000000;">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:Arial"><B>The 2026 Annual Meeting of Shareholders of Callaway Golf Company will be held on Thursday, May&nbsp;21, 2026 at 11:00 am ET,
virtually via the Internet at www.meetnow.global/MH5W7PK. To access the virtual meeting, you must have the information that is printed in the shaded bar located on the reverse side of this form. </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Arial"><B>Proposals to be voted on at the meeting are listed below along with the Board of Directors&#8217; recommendations. </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Arial"><B>The Board of Directors recommends a vote <U>FOR</U> all the nominees listed below, and <U>FOR</U> Proposals 2 and 3. </B></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt">


<TR>

<TD WIDTH="2%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="22%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="25%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="23%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="24%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">1.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Election&nbsp;of&nbsp;Directors:</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">01 - Oliver G. Brewer III</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">02 - John F. Lundgren</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">03 - Thomas G. Dundon</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2"></TD>
<TD HEIGHT="2" COLSPAN="2"></TD>
<TD HEIGHT="2" COLSPAN="2"></TD>
<TD HEIGHT="2" COLSPAN="2"></TD>
<TD HEIGHT="2" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">04 - Russell L. Fleischer</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">05&nbsp;-&#8201;Bavan&nbsp;M.&nbsp;Holloway&#8195;&#8195;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">06 - Mark D. Mandel</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2"></TD>
<TD HEIGHT="2" COLSPAN="2"></TD>
<TD HEIGHT="2" COLSPAN="2"></TD>
<TD HEIGHT="2" COLSPAN="2"></TD>
<TD HEIGHT="2" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><FONT STYLE="white-space:nowrap">07&nbsp;-&nbsp;Adebayo&nbsp;O.&nbsp;Ogunlesi&#8195;&#8195;</FONT></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">08 - Linda B. Segre</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">09&nbsp;-&#8201;Anthony&nbsp;S.&nbsp;Thornley&#8195;&#8195;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2"></TD>
<TD HEIGHT="2" COLSPAN="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">2.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" COLSPAN="7"><FONT STYLE="font-family:Arial; ">To ratify, on an advisory basis, the appointment of Deloitte&nbsp;&amp; Touche LLP as the Company&#8217;s independent registered public accounting firm for the fiscal year ending
December&nbsp;31, 2026</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2"></TD>
<TD HEIGHT="2" COLSPAN="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">3.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" COLSPAN="7"><FONT STYLE="font-family:Arial; ">To approve, on an advisory basis, the compensation of the Company&#8217;s named executive officers</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Arial">In their discretion, Brian P. Lynch and Heather D. McAllister, or either of them, are authorized to vote upon such other business
as may properly come before the meeting or any adjournment or postponement thereof. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Arial"><B>PLEASE NOTE &#8211; YOU CANNOT VOTE BY RETURNING THIS NOTICE. To vote your
shares you must go online or request a paper copy of the proxy materials to receive a proxy card. </B></P> <P STYLE="font-size:120pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:60pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</DIV> <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:ARIAL; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<TD VALIGN="top">


<IMG SRC="g11994dsp3.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Arial"><B>Here&#8217;s how to order a copy of the proxy materials and select delivery preferences:</B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Arial">Current and future delivery requests can be submitted using the options below.</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Arial">If you request an email copy, you will receive an email with a link to the current meeting
materials.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Arial"><B>PLEASE NOTE:</B> You must use the number in the shaded bar on the reverse side
when requesting a copy of the proxy materials.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:10pt; font-family:Arial">&#8211;&#8195;&#8201;&#8201;<B>Internet </B>- Go to <B>www.investorvote.com/CALY.</B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:10pt; font-family:Arial">&#8211;&#8195;&#8201;&#8201;<B>Phone </B>- Call us free of
charge at <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-866-641-4276.</FONT></FONT></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:10pt; font-family:Arial">&#8211;&#8195;&#8201;&#8201;<B>Email</B> - Send an email to investorvote@computershare.com with &#8220;Proxy Materials Callaway
Golf Company&#8221; in the subject line. Include your full name and address, plus the number located in the shaded bar on the reverse side, and state that you want a paper copy of the meeting materials.</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:2.00em; text-indent:-2.00em; font-size:10pt; font-family:Arial">&#8201;&#8195;&#8194;&#8201;To facilitate timely delivery,
requests for a paper copy of proxy materials must be received by May&nbsp;8, 2026.</P></TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g11994dsp2a.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g11994dsp2a.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" !, 3D# 1$  A$! Q$!_\0
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MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#]4Z "@ H
M* "@ H RK?Q5HUWXCN_#\&J6<VN6<$=U<Z='.K3P1.2$=T!RJL5;!(YVG'2@
M#5H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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MR@\C/3(_"@!] !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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MM0;PLBZBEZ;FY>59F2[CBBR2QR-RR&,'[J J,#B@#T']@K]J7XE_&O\ :O\
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M0O"-I9P1:'>2_8;.R:UNVG0(D:$!'#A2$7(\OOD8 /F7XDQ>(OVL/^"F.@>
M_B]<:'HEKH5S'8/IFFW<DME+#&OV@PQ-*JF22<L%)**2"!CY!0!Z3_P4%\;Z
MQ^U_^TAX1_9B^'HBDLM'O5N=6OE7=%!=B-@[-CHEO"[YP>7D9."HR =/XL^*
MOC;X.?MC_ O]F?X0>+?+\%:+9:5::Y8M;6TTTY226:\,TAC9T9K15<JI4 OD
M8R" #]%/".E:GHOAZTLM9UEO$&I1!O.U)[=+<S98D?NTX7 (7_@.3R30!L4
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M>#PS!>'6-=O)FO\ 6]9D'SWUV^-S9/.T !5!YP,GDDT >UT >2_M0_M#:?\
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M?L,Z[X-^+C>/?AYX:U#6/#?BN9I;RSTFT><V&H$Y<;(U)"2D[U/(W%QQ\HH
M^Y/^";_[(G_#,7P=^WZ]:>5X_P#$P2ZU428+6<8!\JU!']T$LWJ[$<A5H ^N
M: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
E "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@#__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g11994dsp2b.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g11994dsp2b.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  ; !P# 1$  A$! Q$!_\0
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MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#]4Z /EO\
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JPXQSP >[:#IIT;0].T\R"4VEM' 9 ,;MJA<X[9Q0!?H * "@ H * /_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g11994dsp2c.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g11994dsp2c.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  9 *D# 1$  A$! Q$!_\0
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M_D"@ _X5+XU_Z+;XN_\ !7HG_P @4 '_  J7QK_T6WQ=_P""O1/_ ) H /\
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M0 4 % 'E_P ?%-OIG@O4K>(/J=EXOT<6KA<NBSW:6UP5[_\ 'O/.#[9)X!H
M]0H \R\>^&M=\.>,HO'_ (1L1J]Z;-=/UK0E=(Y-3M4=GA>%V(43Q-)+M#,%
M=974D':R@%BS_:!\$SQ9O=0N]#N5)62RUK3KBSG0CJ"DB#(_VERI[$B@"?\
MX7U\/_\ H9[/\G_^)H /^%]?#_\ Z&>S_)__ (F@ _X7U\/_ /H9[/\ )_\
MXF@ _P"%]?#_ /Z&>S_)_P#XF@ _X7U\/_\ H9[/\G_^)H /^%]?#_\ Z&>S
M_)__ (F@ _X7U\/_ /H9[/\ )_\ XF@ _P"%]?#_ /Z&>S_)_P#XF@ _X7U\
M/_\ H9[/\G_^)H /^%]?#_\ Z&>S_)__ (F@ _X7U\/_ /H9[/\ )_\ XF@
M_P"%]?#_ /Z&>S_)_P#XF@ _X7U\/_\ H9[/\G_^)H /^%]?#_\ Z&>S_)__
M (F@ _X7U\/_ /H9[/\ )_\ XF@ _P"%]?#_ /Z&>S_)_P#XF@ _X7U\/_\
MH9[/\G_^)H BNOV@? -M \B:]]M902(+"TGN9GP,X2.-&9CQT - &;H]AK7Q
M5\9Z5XCUO2+KP[X8T&5Y](TN_(2[O+HJ\8NYXP3Y:+&S>7&QW9D+.JLJ@ 'J
KM !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g11994dsp2e.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g11994dsp2e.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" !( $$# 1$  A$! Q$!_\0
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MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#]4Z "@ H
M* "@ H * "@ H * "@#XV^#_ (U_:,^/.G>)]=T/QSX*T#2M/\1ZEHMO9WOA
MN:XEV6TYC5F=;A021CL* .]_X0?]J+_HJ?P__P#"2N/_ )*H /\ A!_VHO\
MHJ?P_P#_  DKC_Y*H /^$'_:B_Z*G\/_ /PDKC_Y*H /^$'_ &HO^BI_#_\
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FMHK>WB2"WA01QQ1*%1% P% '  '&!0!+0 4 % !0 4 % !0!_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g11994dsp2f.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g11994dsp2f.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  V "X# 1$  A$! Q$!_\0
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MGU*[DN[AP.\DLA+N?=B30!X-^R)_R//[1O\ V4>Z_P#2*SH NZ?_ ,I =?\
M^R8:=_Z=;Z@#L_CA^S-\-OVD+72K;XB^'6\0V^EN\EI'_:%U:B-G #']Q*FX
MD*/O9QVQDT >2_\ #KC]F+_HF7_E?U3_ .2: #_AUQ^S%_T3+_ROZI_\DT ?
M1W@CP5HWPX\(:1X7\.VAL-"TFV2SLK4S23>5$@PJ[Y&9FP.,L2: /"_V1/\
MD>?VC?\ LH]U_P"D5G0!T/QA_9\U_P 6_$O2OB1X \=OX"\;V>EOHEQ-/IJ:
MC97]B9#*L4L+.A!21F975@06(P0<4 <]_P *K_:9_P"B\^&/_"$7_P"2J #_
M (57^TS_ -%Y\,?^$(O_ ,E4 '_"J_VF?^B\^&/_  A%_P#DJ@ _X57^TS_T
M7GPQ_P"$(O\ \E4 >@?L^_ \? [PMJEK=^(;OQ=XDUW4I=:US7[R%(&OKV14
21W6%/EB3;&@5%R !U/6@#__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g11994dsp2g.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g11994dsp2g.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  6 !\# 1$  A$! Q$!_\0
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3S9Y)VWLB(IPTK 84< =3R0#_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g11994dsp3.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g11994dsp3.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  X # # 1$  A$! Q$!_\0
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M ? 'PC\<_C%\%O!?C>[_ &C=8TZYU[3(;^2TA\)Z,Z1,ZY*@FWR0/>@#O_\
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2O) H>5R  .$50J@ !0!0!__9

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