<SUBMISSION>
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<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20071228
<ITEMS>2.02
<ITEMS>9.01
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<CONFORMED-NAME>ASHWORTH INC
<CIK>0000820774
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<STATE-OF-INCORPORATION>DE
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<ACT>34
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<BUSINESS-ADDRESS>
<STREET1>2765 LOKER AVE WEST
<CITY>CARLSBAD
<STATE>CA
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<PHONE>7604386610
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<STREET1>2765 LOKER AVENUE WEST
<CITY>CARLSBAD
<STATE>CA
<ZIP>92008
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<FORMER-CONFORMED-NAME>CHARTER GOLF INC
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>a5575275.txt
<DESCRIPTION>ASHWORTH, INC. 8-K
<TEXT>
                                  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): December 28, 2007

                                 ASHWORTH, INC.
             (Exact Name of Registrant as Specified in Its Charter)



              Delaware                 001-14547             84-1052000
  (State or Other Jurisdiction of     (Commission          (IRS Employer
           Incorporation)             File Number)       Identification No.)


                2765 Loker Avenue West
                 Carlsbad, California                        92010
       (Address of Principal Executive Offices)            (Zip Code)



       Registrant's Telephone Number, Including Area Code: (760) 438-6610


                                       N/A
          (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))

<PAGE>


Item 2.02       Results of Operations and Financial Condition.

         On December 28, 2007, Ashworth, Inc. (the "Company") issued a press
release announcing the financial results for its fourth quarter and fiscal year
2007. The Company will hold an earnings call at 4:30 p.m., Eastern Time, on
December 28, 2007 to review such results. A copy of the press release is
attached hereto as Exhibit 99.1.

Item 9.01       Financial Statements and Exhibits.

       (d)      Exhibits:

       The following exhibit is furnished with this current report on Form 8-K:

Exhibit Number       Description of Exhibit
--------------       ----------------------

99.1                 Ashworth, Inc. press release dated December 28, 2007
                     announcing the financial results for its fourth quarter and
                     fiscal year 2007.



The information in this current report on Form 8-K, including the exhibit
attached hereto, is being furnished and shall not be deemed "filed" for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise
subject to the liabilities of such section. The information in this current
report on Form 8-K shall not be incorporated by reference into any registration
statement or other document pursuant to the Securities Act of 1933, as amended,
except as shall be expressly set forth by specific reference in such filing.

<PAGE>


                                   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.



Date:    December 28, 2007            By:  /s/Greg W. Slack
                                           ----------------
                                           Greg W. Slack
                                           Chief Financial Officer and Principal
                                           Accounting Officer





<PAGE>


                                  EXHIBIT INDEX


Exhibit No.                           Description
-----------                           -----------

99.1           Ashworth,  Inc. press release dated December 28, 2007  announcing
               the financial  results for its fourth quarter and fiscal year
               2007.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5575275-ex991.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    EXHIBIT 99.1

                Ashworth, Inc. Announces Fourth Quarter
                and Fiscal Year 2007 Financial Results


    --  Revenue up 8.9% for Fourth Quarter of Fiscal Year 2007

    --  Narrowing of Net Loss for Fourth Quarter of Fiscal Year 2007
        to ($3.5) Million or ($0.24) EPS vs. ($4.4) Million or ($0.30)
        EPS

    --  New Management Team in Place Led by Allan Fletcher, the New
        CEO

    --  New Strategic Plan Focused on Enhancing Product, Marketing,
        Sales Force Management, Inventory Control and Overall
        Performance Management.


    CARLSBAD, Calif.--(BUSINESS WIRE)--December 28, 2007--Ashworth,
Inc. (NASDAQ:ASHW), a leading designer of golf-inspired lifestyle
sportswear, today announced unaudited financial results for the fourth
quarter and fiscal year ended October 31, 2007.

    Summary of Fourth Quarter and Fiscal 2007 Financials

    Consolidated net revenue for the quarter ended October 31, 2007
increased 8.9% to $54.6 million compared to $50.2 million in the same
quarter last year. Net domestic revenue increased 9.1% to $44.7
million for the fourth quarter of fiscal 2007 from $41.0 million for
the same period of fiscal 2006. Net international revenue increased
7.4% to $9.9 million for the fourth quarter of fiscal 2007 from $9.2
million for the same period of fiscal 2006.

    For the fiscal year ended October 31, 2007, consolidated net
revenue decreased 3.5% to $202.2 million compared to $209.6 million
for fiscal 2006. Net domestic revenue decreased 3.7% to $164.8 million
for the full year fiscal 2007 from $171.1 million for fiscal 2006. Net
international revenue decreased 3.0% to $37.4 million for the full
year fiscal 2007 from $38.5 million for fiscal 2006. A more detailed
analysis of revenue for the fourth quarter and fiscal 2007 is provided
below.

    Consolidated net loss for the fourth quarter of fiscal 2007 was
($3.5) million or ($0.24) per basic and diluted share compared to a
net loss of ($4.4) million or ($0.30) per basic and diluted share for
the same quarter last year. Consolidated net loss for the full year
fiscal 2007 was ($14.1) million or ($0.97) per basic and diluted share
compared to a consolidated net income of $1.0 million or $0.07 per
basic and diluted share for fiscal 2006. As a result of the quarterly
assessments of its net deferred tax assets in accordance with
Statement of Financial Accounting Standard No. 109, Accounting for
Income Taxes during the last three quarters of fiscal 2007, the
Company recorded a tax charge of $7.3 million or $0.50 per basic and
diluted share to establish a valuation allowance against deferred tax
assets during fiscal 2007.

    The Company's gross profit improved to $20.0 million, or 36.7% of
sales, in the fourth quarter of fiscal 2007 as compared to $16.3
million, or 32.6% of sales, in the same period last year. The
improvement in gross margins was primarily due to improved fixed cost
leverage from higher sales and efficiencies realized through process
improvements in the Company's Embroidery and Distribution Center
("EDC") in Oceanside, CA. The Company's SG&A expenses increased
approximately $0.6 million primarily due to additional royalties and
commissions on increased sales as well as increased tour event
expenses, but fell as a percentage of sales to 42.2% from 44.7% in the
comparable prior year period due to improved sales leverage.

    The Company's gross profit declined to $77.8 million, or 38.5% of
sales, for the full fiscal year 2007 as compared to $85.8 million, or
40.9% of sales, for fiscal year 2006. The year-over-year gross margin
decline primarily resulted from higher discounting to clear excess
inventory as well as the underutilization of the EDC due to lower
sales volume in the Company's domestic distribution channels
(excluding Gekko Brands, LLC ("Gekko")). The Company's SG&A expenses
for fiscal 2007 increased approximately $4.3 million and as a
percentage of sales were 42.4% as compared to 38.9% in the prior year.
The increase in SG&A expenses was primarily due to an approximate $1.9
million increase in trade shows, sales meetings and license fees, a
net increase in employee severance of approximately $0.8 million,
approximately $0.7 million due to the full-year effect of the four new
outlet stores added in the second half of fiscal 2006 as well as
recognition of approximately $0.7 million of additional compensation
expense related to five officers of Gekko. This additional
compensation resulted from a change in the nature of certain
contingent acquisition obligations which previously were accounted for
as additional purchase price of the acquisition.

    Analysis of Fourth Quarter and Fiscal Year 2007 Revenues by
Channel

    The Company's fourth quarter fiscal 2007 revenues increased in
every distribution channel except for the Retail channel. For fiscal
year 2007, revenues decreased in all distribution channels except for
the Company's outlet stores and its Collegiate distribution channel.

    Golf

    For the fourth quarter of fiscal 2007, revenues from the domestic
Golf distribution channel increased 40.6% to $19.0 million from $13.5
million for the same period of fiscal 2006. The improvement in the
fourth quarter resulted from an increased number of on-course accounts
with slightly higher average order size, and fewer off-course
specialty retail accounts but with a 35.3% higher average order size.
For fiscal year 2007, revenues in the Golf distribution channel were
down 4.5% to $67.1 million from $70.3 million for fiscal 2006. For the
year, revenues in the Golf distribution channel were adversely
affected by customer consolidation within the off-course channel of
distribution and continuing competitive pressure.

    Retail

    Revenues from the Retail distribution channel decreased 45.5% to
$4.1 million for the fourth quarter of fiscal 2007 as compared to $7.6
million for the same period of the prior year. For fiscal year 2007,
revenues in the Retail distribution channel declined 28.4% to $16.3
million as compared to $22.7 million for the prior fiscal year. These
decreases were the result of the previous management's decision to
reduce the presence of its Ashworth(R) brand in this distribution
channel.

    Corporate

    Revenues for the Corporate distribution channel increased 13.3% to
$6.1 million in the fourth quarter of fiscal 2007 as compared $5.4
million for the same period of the prior fiscal year. The increase was
primarily due to increased promotional activity during the fourth
quarter of fiscal 2007. For fiscal year 2007, revenues in the
Corporate distribution channel were down 4.6% to $24.6 million as
compared to $25.8 million for the prior fiscal year.

    Company-Owned Outlet Stores

    Revenues from the outlet stores increased 9.8% to $3.1 million in
the fourth quarter of fiscal 2007 as compared to $2.8 million for the
same period last year, primarily due to increased promotional
activity. For fiscal year 2007, revenues from the Company-owned outlet
stores were up 10.8% to $11.7 million as compared to $10.5 million for
the prior fiscal year. Comparative store sales were up 9.8% for the
fourth quarter of fiscal 2007 and down 1.6% for fiscal year 2007 as
compared to the same periods of the prior year. New outlet stores
added during the second half of fiscal 2006 contributed $2.7 million
in revenues for the full fiscal year 2007.

    Collegiate/Racing (The Game(R)/Kudzu(R))

    Gekko's revenues increased 6.1% to $12.4 million in the fourth
quarter of fiscal 2007 as compared to $11.7 million for the same
period of fiscal 2006. The increase was driven by higher sales of
apparel and headwear into the Collegiate channel, a change in the
timing of the Tour Championship (played in September 2007 versus
November 2006), and increased sales of Kudzu products into the
NASCAR/Racing distribution channel, partially offset by decreased
sales in the Outdoor distribution channel. For fiscal year 2007,
revenues in the Collegiate/Racing distribution channel were up 8.2% to
$45.2 million as compared to $41.8 million for the prior fiscal year,
primarily due to higher sales of apparel and headwear into an
increased number of accounts in the Collegiate/Bookstore distribution
channel and higher event sales due to the Tour Championship being
played twice during fiscal year 2007, partially offset by lower sales
of products into the NASCAR/Racing distribution channel during the
first nine months of fiscal 2007.

    International

    Revenues from Ashworth UK, Ltd. increased 5.7% to $7.8 million for
the fourth quarter of fiscal 2007 as compared to $7.4 million for the
same period of the prior year. For fiscal year 2007, revenues from
Ashworth UK, Ltd. were down 2.7% to $27.3 million as compared to $28.0
million for the prior fiscal year. The increase for the fourth quarter
was primarily due to the favorable effect of exchange rate
fluctuations, partially offset by the lack of Ryder Cup sales in
fiscal 2007. The decrease for the full fiscal year 2007 is primarily
due to Ashworth's participation as the lead vendor at the 2006 Ryder
Cup which benefited 2006 results but not 2007 as there was no such
event during the year, partially offset by the favorable effect of
exchange rate fluctuations. Other international revenues increased
approximately 14.8% to $2.1 million for the fourth quarter as compared
to $1.8 million for the same period of the prior year and decreased
3.8% to $10.1 million for fiscal year 2007 as compared to $10.5
million for the prior fiscal year. The increase for the fourth quarter
of fiscal year 2007 was primarily due to the addition of new
distributors in Guam and Saipan while the decrease for the full fiscal
year 2007 was primarily due to lower sales in Canada as compared to
the prior year.

    Fiscal 2007 Year-End Balance Sheet

    The Company's net accounts receivable increased 1.7% from a year
ago primarily due to the higher revenues in the fourth quarter of
fiscal 2007. Consolidated net inventories increased 12.4% from a year
ago primarily due to higher than planned inventory levels in the
Company's U.K. and Canada operations due to lower sell-through of
certain styles as well as accelerated receipts of inventory at Gekko
to facilitate apparel sales into the Collegiate market.

    New Management Team and Strategic Plan

    Allan H. Fletcher, the Company's Chief Executive Officer,
commented, "As many of you know, we've had a substantial turnover in
executive management in the second half of fiscal 2007. Eddie Fadel
was appointed President on May 23, 2007, Paul Bourgeois joined the
Company as SVP of Sales on October 1, 2007 and on October 24, 2007 I
was appointed CEO and Greg W. Slack was appointed CFO of Ashworth.
This is an experienced team with an excellent understanding of the
golf industry. We have been working together to develop a plan to
build on the Company's strong apparel and headwear brands and return
Ashworth to profitable growth. Our goal is to reinvigorate the
Ashworth brand, by focusing on its quality, strength, authenticity and
innovation. We are currently evaluating and implementing plans to
improve or add product lines, reorganize and strengthen the sales
force team and cut supply chain and operating costs. We are looking at
all opportunities to improve profitability and foster a stronger
alignment of the interests of management, employees and sales
representatives with those of shareholders and strategic partners.
This Company faced many challenges in the past few years and a
complete turnaround will take hard work and time and may result in
short-term peaks and valleys, but I believe the plans we've started to
implement will, in time, return the Company to sustainable
profitability."

    Conference Call

    Investors and all others are invited to listen to a conference
call discussing fourth quarter and fiscal year 2007 results, today at
4:30 p.m. Eastern Time (1:30 p.m. Pacific Time). Domestic participants
can access the conference call by dialing 800-765-8779. International
participants should dial 480-248-5081. Callers should ask to be
connected to Ashworth's fourth quarter earnings teleconference or
provide the conference ID number: 3825153. The call will also be
broadcast live over the Internet and can be accessed by visiting the
Company's investor information page at www.ashworthinc.com.

    About Ashworth, Inc.

    Ashworth, Inc. (NASDAQ:ASHW) is a leading designer of men's and
women's golf-inspired lifestyle sportswear distributed domestically
and internationally in golf pro shops, resorts, upscale department and
specialty stores and to corporate customers. Ashworth's three
market-leading brands include: Ashworth Collection (TM), a range of
upscale sportswear designed to be worn on and off-course; Ashworth
Authentics (TM), which showcases popular items from the Ashworth line;
and Ashworth Weather Systems(R), a technical performance line.
Ashworth is also an Official Apparel Licensee of Callaway Golf
Company.

    Ashworth is also a leading designer, producer and distributor of
headwear and apparel under The Game(R) and Kudzu(R) brands. The Game
is a leading headwear brand in collegiate bookstores and Kudzu
products are sold into the NASCAR/racing markets and through outdoors
sports distribution channels, including fishing and hunting. Ashworth
is also the exclusive on-site event merchandiser for the Kentucky
Derby.

    For more information, please visit the Company's Web site at
www.ashworthinc.com.

    Forward-Looking Statements

    This press release contains forward-looking statements related to
the Company's market position, finances, operating results, marketing
and business plans and strategies within the meaning of Section 27A of
the Securities Act, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking statements may
contain the words "believes," "anticipates," "expects," "predicts,"
"estimates," "projects," "will be," "will continue," "will likely
result," or other similar words and phrases. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date hereof. The Company undertakes no obligation
to update any forward-looking statements, whether as a result of new
information, changed circumstances or unanticipated events unless
required by law. These statements involve risks and uncertainties that
could cause actual results to differ materially from those projected.
These risks include the uncertainties associated with implementing a
successful transition in executive leadership, the continued
willingness of the Company's lenders to provide waivers of compliance
with financial covenants, the evaluation of strategic alternatives
that may be presented, timely development and acceptance of new
products, as well as strategic alliances, the integration of the
Company's acquisition of Gekko Brands, LLC, the impact of competitive
products and pricing, the success of the Callaway Golf apparel product
line, the preliminary nature of bookings information, the ongoing risk
of excess or obsolete inventory, the potential inadequacy of booked
reserves, the successful operation of the distribution facility in
Oceanside, CA, the successful implementation of the Company's ERP
system, and other risks described in Ashworth, Inc.'s SEC reports,
including the annual report on Form 10-K for the year ended
October 31, 2006, quarterly reports on Form 10-Q filed thereafter and
amendments to any of the foregoing reports, including the Form 10-K/A
for the year ended October 31, 2006.



ASHWORTH, INC.
Consolidated Statements of Operations
Fourth Quarter and Twelve Months ended October 31, 2007 and 2006

                                          Summary of Results of
                                           Operations
                                               2007          2006
                                          -------------- -------------
FOURTH QUARTER                             (Unaudited)
-----------------------------------------
Net Revenue                               $  54,591,000  $ 50,152,000
Cost of Sales                                34,566,000    33,824,000
                                          -------------- -------------
 Gross Profit                                20,025,000    16,328,000
Selling, General and Administrative
 Expenses                                    23,014,000    22,431,000
                                          -------------- -------------
Loss from Operations                         (2,989,000)   (6,103,000)
Other Income (Expense):
 Interest Income                                 52,000        15,000
 Interest Expense                              (712,000)     (668,000)
 Other Expense, net                            (101,000)     (333,000)
                                          -------------- -------------
 Total Other Expense, net                      (761,000)     (986,000)
                                          -------------- -------------
Loss Before Provision for Income Taxes       (3,750,000)   (7,089,000)
Provision for Income Taxes                      264,000     2,734,000
                                          -------------- -------------
 Net Loss                                   ($3,486,000)  ($4,355,000)
                                          ============== =============
Loss Per Share - BASIC                           ($0.24)       ($0.30)
Weighted-Average Common Shares
 Outstanding                                 14,660,000    14,520,000
                                          ============== =============

Loss Per Share - DILUTED                         ($0.24)       ($0.30)
Adjusted-Weighted Average Shares and
 Assumed Conversions                         14,660,000    14,520,000
                                          ============== =============

TWELVE MONTHS
-----------------------------------------
Net Revenue                               $ 202,189,000  $209,600,000
Cost of Sales                               124,422,000   123,787,000
                                          -------------- -------------
 Gross Profit                                77,767,000    85,813,000
Selling, General and Administrative
 Expenses                                    85,814,000    81,475,000
                                          -------------- -------------
Income (Loss) from Operations                (8,047,000)    4,338,000
Other Income (Expense):
 Interest Income                                134,000        55,000
 Interest Expense                            (2,921,000)   (2,897,000)
 Other Income (Expense), net                   (215,000)      257,000
                                          -------------- -------------
Total Other Expense, net                     (3,002,000)   (2,585,000)
                                          -------------- -------------
Income (Loss) Before Provision for Income
 Taxes                                      (11,049,000)    1,753,000
Provision for Income Taxes                   (3,067,000)     (802,000)
                                          -------------- -------------
 Net Income (Loss)                         ($14,116,000) $    951,000
                                          ============== =============
Income (Loss) Per Share - BASIC                  ($0.97) $       0.07
Weighted-Average Common Shares
 Outstanding                                 14,576,000    14,400,000
                                          ============== =============

Income (Loss) Per Share - DILUTED                ($0.97) $       0.07
Adjusted-Weighted Average Shares and
 Assumed Conversions                         14,576,000    14,514,000
                                          ============== =============




ASHWORTH, INC.
Condensed Consolidated Balance Sheets
As of October 31, 2007 and 2006
                                             October 31,  October 31,
                                                 2007         2006
ASSETS                                       (Unaudited)
-------------------------------------------- ------------ ------------

CURRENT ASSETS
 Cash and Cash Equivalents                   $  6,104,000 $  7,508,000
 Accounts Receivable-Trade, net                34,545,000   33,984,000
 Inventories, net                              50,529,000   44,971,000
 Other Current Assets                           6,293,000   12,632,000
                                             ------------ ------------
   Total Current Assets                        97,471,000   99,095,000

Property and Equipment, net                    37,515,000   39,126,000
Intangible Assets, net                         25,056,000   25,495,000
   Other Assets, net                              372,000      327,000
                                             ------------ ------------
                Total Assets                 $160,414,000 $164,043,000
                                             ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY
---------------------------------------------

CURRENT LIABILITIES
 Line of Credit                              $ 19,615,000 $ 14,000,000
 Current Portion of Long-Term Debt              2,360,000    2,117,000
 Accounts Payable - Trade                      12,728,000   10,724,000
 Other Current Liabilities                     10,677,000   10,758,000
                                             ------------ ------------
 Total Current Liabilities                     45,380,000   37,599,000

Long-Term Debt                                 13,844,000   15,671,000
Other Long-Term Liabilities                     1,553,000    2,139,000
Stockholders' Equity                           99,637,000  108,634,000
                                             ------------ ------------
 Total Liabilities and Stockholders' Equity  $160,414,000 $164,043,000
                                             ============ ============




    CONTACT: Ashworth, Inc.
             Allan H. Fletcher, CEO
             Edward J. Fadel, President
             Greg W. Slack, CFO
             (760) 929-6100

</TEXT>
</DOCUMENT>
</SUBMISSION>
