CALLAWAY GOLF COMPANY (NYSE:ELY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April25, 2017, Callaway Golf Company (the Company) announced
that, effective April25, 2017, Robert K. Julian departed from his
position as Senior Vice President and Chief Financial Officer of
the Company.
In connection with Mr.Julians departure, effective April25, 2017,
Brian P. Lynch, the Companys Senior Vice President, General
Counsel and Corporate Secretary, was appointed to serve as the
Companys interim Chief Financial Officer in addition to
maintaining his current responsibilities, while the Company
executes its search for a permanent Chief Financial Officer. The
Company intends to consider both internal and external
candidates.
Mr.Lynch, age 55, has served as the Companys Senior Vice
President, General Counsel and Corporate Secretary since June
2012. Mr.Lynch is responsible for the Companys legal, corporate
governance and compliance functions. Mr.Lynch also serves as the
Companys Chief Ethics Officer. Mr.Lynch first joined the Company
in December 1999 as Senior Corporate Counsel and was appointed
Associate General Counsel and Assistant Secretary in April 2005
and Vice President and Corporate Secretary in November 2008.
Mr.Lynch has 30 years of experience handling legal, strategic,
financial, operational, and administrative matters for public and
private entities. Mr.Lynch received a J.D. from the University of
Pittsburgh and a B.A. in Economics from Franklin and Marshall
College.
There are no family relationships between Mr.Lynch and any
director or executive officer of the Company, and he has no
direct or indirect material interest in any transaction required
to be disclosed to Item404(a) of Regulation S-K.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
| 99.1 | Press release dated April25, 2017. |
About CALLAWAY GOLF COMPANY (NYSE:ELY)
Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of the Company’s trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of the Company’s balls that are designed, manufactured and sold by the Company. The Company sells its products to retailers, directly and through its wholly owned subsidiaries, and to third-party distributors. The Company sells pre-owned golf products through its Website, www.callawaygolfpreowned.com. In addition, the Company sells Odyssey and its products direct to consumers through its Websites www.callawaygolf.com and www.odysseygolf.com. CALLAWAY GOLF COMPANY (NYSE:ELY) Recent Trading Information
CALLAWAY GOLF COMPANY (NYSE:ELY) closed its last trading session down -0.35 at 11.52 with 1,652,811 shares trading hands.