-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VFQxNO1ZzYOwNbAHk4l4MklKfryRWCD0VMAeE8TCSu5zREUoZTbE+wfTWAq04d6T ZKMWGdzU/G2qYysuFAqBLA== /in/edgar/work/0000909143-00-000330/0000909143-00-000330.txt : 20001114 0000909143-00-000330.hdr.sgml : 20001114 ACCESSION NUMBER: 0000909143-00-000330 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20001106 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20001113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADAMS GOLF INC CENTRAL INDEX KEY: 0001059763 STANDARD INDUSTRIAL CLASSIFICATION: [3949 ] IRS NUMBER: 752320087 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-24583 FILM NUMBER: 760006 BUSINESS ADDRESS: STREET 1: 2801 EAST PLANO PARKWAY CITY: PLANO STATE: TX ZIP: 75074 BUSINESS PHONE: 9726739000 MAIL ADDRESS: STREET 1: 2801 EAST PLANO PARKWAY CITY: PLANO STATE: TX ZIP: 75074 8-K 1 0001.htm Form 8-K

 

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

November 6, 2000
Date of Report (Date of earliest event reported)

ADAMS GOLF, INC.
(Exact name of registrant as specified in its charter)

 

Delaware

000-24583

75-2320087

(State or other jurisdiction
of incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

300 Delaware Avenue, Suite 572
Wilmington, Delaware

 


19801

(Address of principal executive offices)

 

(Zip Code)

302.427.5892
Registrant's telephone number, including area code

N/A
(Former name or former address, if changed since last report)

<PAGE>

Item 5.     OTHER EVENTS

      As permitted by General Instruction F to Form 8-K promulgated under the Securities Exchange Act of 1934, as amended, Adams Golf, Inc., a Delaware corporation (the "Registrant"), is filing as Exhibit 99.1 to this Current Report on Form 8-K, that press release issued by and on behalf of the Registrant, on November 6, 2000, which such press release is specifically incorporated herein by reference.


Item 7.     FINANCIAL STATEMENTS AND EXHIBITS

(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits.
   

   99.1      Press Release issued on November 6, 2000 (filed herewith).

 

<PAGE>

 

SIGNATURE

      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.

Date:     November 6, 2000   ADAMS GOLF, INC.
     
     
    By: /s/ DARL HATFIELD                                       
          Darl Hatfield
         Senior Vice President - Finance and Administration,
         Chief Financial Officer

 

<PAGE>

INDEX TO EXHIBITS

 

       Exhibit       

                                       Description                                                     

99.1

  Press Release issued on November 6, 2000 (filed herewith).

 

EX-99.1 2 0002.htm Press Release

Exhibit 99.1         

Press Release

Adams Golf Declares Professional Golfer Nick Faldo in Material Breach Of Contract

PLANO, Texas, Nov. 6 /PRNewswire/ -- Adams Golf, Inc. (Nasdaq: ADGO - news) announced today that its subsidiary, Adams Golf, Ltd. has declared professional golfer Nick Faldo in material breach of his contract and ceased making payments under the contract. Specifically, Mr. Faldo has declined to use Adams iron club heads. In addition, Mr. Faldo has declined to play any Adams Golf wedge, including the Faldo Series Wedge(TM), which Mr. Faldo himself designed.

Stated Adams Golf Chairman and CEO Barney Adams, "We made numerous attempts to provide Nick with Adams iron heads that satisfy his requirements but he rejected every design. This has been a very difficult and stressful period and, although we have the greatest respect for Nick's accomplishments in golf, we now believe decisive action is required to protect the interests of our stockholders, our customers and the reputation of Adams Golf," Mr. Adams concluded.

Adams Golf designs, manufactures and markets premium quality, technologically innovative golf clubs including the new Tight Lies(R) GT irons, the Tight Lies family of fairway woods and drivers, the SC Series(R) Spin Control drivers and the Faldo Series Wedges. Further information on the Company can be found on its Web site, www.adamsgolf.com.

This release includes forward-looking statements. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: the ultimate result of the action of declaring Nick Faldo in breach of his contract with Adams Golf, Ltd.; product development difficulties; manufacturing difficulties; market and retailer demand and acceptance of products; the impact of changing economic conditions; business conditions in the golf industry; reliance on third parties, including suppliers; the impact of market peers and their products; the actions of competitors, including pricing; risks concerning future technology; and one time events and other factors detailed in the Company's prospectus, 10Ks, 10Qs and other Securities and Exchange Commission filings. These filings can be obtained by contacting Adams Golf Investor Relations. Adams Golf does not intend to update any written or oral forward- looking statements that may be made from time to time by or on behalf of the Company.

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