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                              UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D.C. 20549

                          --------------------

                                FORM 8-K

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                             CURRENT REPORT
                   Pursuant to Section 13 or 15(d) of
                   the Securities Exchange Act of 1934
  Date of Report (Date of earliest event reported):  March 30, 2005

                            Adams Golf, Inc.
           (Exact Name of Registrant as Specified in Charter)

          Delaware                  000-24583            75-2320087
  (State of Incorporation)        (Commission          (IRS Employer
                                  File Number)      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



     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

     [   ]     Soliciting material pursuant to Rule 14a-12(b) under the
               Exchange Act

     [   ]     Pre-commencement communications pursuant to Rule 14d-2(b)
               under the Exchange Act

     [   ]     Pre-commencement communications pursuant to Rule 13e-4(c)
               under the Exchange Act

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Item 8.01 Other Events.

     On December 30, 2004, the Registrant reported through a Form
8-K Current Report that a former employee embezzled funds in the
approximate amount of $970,000, which were materially expensed in
the years the funds were embezzled.  The Registrant submitted a
claim for reimbursement of the funds to its insurance carrier
under a crime policy.  The insurance carrier accepted the claim
and has now fully reimbursed Registrant for $965,000, which
represents the $970,000 claim less a $5,000 deductible.  The
Registrant received the reimbursement funds on March 30, 2005
and will account for them during the first fiscal quarter of
2005.




                                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.



                                        ADAMS GOLF, INC.


                                        By:  /s/  ERIC LOGAN
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                                           Eric Logan
                                           Chief Financial Officer

Date:  April 5, 2005