UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | June 1, 2006 |
Ashworth, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 001-14547 | 84-1052000 |
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_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 2765 Loker Avenue West, Carlsbad, California | 92008 | |
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_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 760-438-6610 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On June 1, 2006, the Compensation and Human Resources Committee of the Board of Directors of Ashworth, Inc. (the "Company") approved the reinstatement, effective July 1, 2006, of the previously announced 10% base salary reduction requested by the Board, for each of Mr. Randall L. Herrel, Sr., the Company’s President and CEO, Mr. Peter E. Holmberg, the Company’s EVP of Merchandising, Design and Production and Mr. Gary I. ("Sims") Schneiderman, the Company’s EVP of Sales, Marketing and Customer Service. The reinstatement of the 10% base salary reduction is subject to the affected executive signing an acknowledgement that the prior 10% base salary reduction was voluntarily consented to.
SIGNATURES
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.
| Ashworth, Inc. | ||||
| June 7, 2006 | By: |
Winston E. Hickman
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| Name: Winston E. Hickman | ||||
| Title: EVP, CFO and Treasurer | ||||