-----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, S3/YsvReuPWqYWG+PhOSgtMZ8DqAU7stfUJOV/ix9nrlARTs6Af06pEoXfrk+Zzy EqFssYtz12wc9KqkehNC8Q== 0000950134-07-024185.txt : 20071116 0000950134-07-024185.hdr.sgml : 20071116 20071116172140 ACCESSION NUMBER: 0000950134-07-024185 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20071116 DATE AS OF CHANGE: 20071116 EFFECTIVENESS DATE: 20071116 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: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-24583 FILM NUMBER: 071254188 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 DEFA14A 1 d51693e8vk.htm FORM 8-K e8vk
 

 
 
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) November 16, 2007
ADAMS GOLF, INC.
(Exact name of registrant as specified in its charter)
         
Delaware   0-24583   75-2320087
(State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
2801 E. Plano Pkwy, Plano, Texas   75074
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code (302) 427-5892
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 (see General Instruction A.2. below):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
þ   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 7.01   Regulation FD Disclosure.
     On November 16, 2007, the registrant issued a press release. A copy of the press release is furnished herewith as Exhibit 99.1 hereto.
     THE REGISTRANT ADVISES SECURITY HOLDERS TO READ THE PROXY STATEMENT, WHEN AND IF IT IS AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN THE SOLICITATION. INVESTORS CAN GET THE PROXY STATEMENT, AND ANY OTHER RELEVANT DOCUMENTS, WHEN AND IF IT IS AVAILABLE, FOR FREE AT THE COMMISSION’S WEB SITE AT HTTP://WWW.SEC.GOV. THE PROXY STATEMENT, AND ANY OTHER RELEVANT DOCUMENTS, WHEN AND IF IT IS AVAILABLE, WILL ALSO BE AVAILABLE FOR FREE FROM THE PARTICIPANTS BY CONTACTING: PATTY WALSH, DIRECTOR, INVESTOR RELATIONS, ADAMS GOLF, INC. AT (972) 673-9000 OR PATTYWALSH@ADAMSGOLF.COM.
     THE IDENTITY OF THE PARTICIPANTS IN THE SOLICITATION AND A DESCRIPTION OF THEIR DIRECT OR INDIRECT INTERESTS, BY SECURITY HOLDINGS OR OTHERWISE, IS CONTAINED IN EXHIBIT 99.2 HERETO. Security holders can also obtain information with respect to the identity of the participants in the solicitation and a description of their direct or indirect interests, by security holdings or otherwise, for free by contacting: Patty Walsh, Director, Investor Relations, Adams Golf, Inc. at (972) 673-9000 or pattywalsh@adamsgolf.com.
     Pursuant to General Instruction B.2 of Form 8-K, the information in this report furnished pursuant to Item 7.01 and each exhibit to this report relating to Item 7.01 shall be deemed furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section and is not intended to be deemed or considered “filed” and is not incorporated by reference into any filing under the Securities Act or the Exchange Act, whether made before, on, or after the date hereof and notwithstanding any general incorporation language or reference in any such filing.
Item 8.01   Other Events.
     On November 16, 2007, the registrant issued a press release. See Item 7.01.
Item 9.01   Financial Statements and Exhibits.
  (d)   Exhibits.
         
Exhibit    
No.   Description of Exhibit
  99.1    
Press Release (furnished herewith)
       
 
  99.2    
Solicitation Participant Information (furnished herewith)

 


 

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.
         
  ADAMS GOLF, INC.
 
 
     Date: November 16, 2007  By:   /s/ Eric Logan    
  Name:   Eric Logan   
  Title:   Chief Financial Officer   
 

 


 

EXHIBIT INDEX
         
Exhibit    
No.   Description of Exhibit
  99.1    
Press Release (furnished herewith)
       
 
  99.2    
Solicitation Participant Information (furnished herewith)

 

EX-99.1 2 d51693exv99w1.htm PRESS RELEASE exv99w1
 

EXHIBIT 99.1
(ADAMS GOLF LOGO)
NEWS RELEASE
FOR IMMEDIATE RELEASE
Adams Golf Plans Reverse Stock Split to Apply for NASDAQ Listing
PLANO, TEXAS, November 16, 2007 — Adams Golf, Inc. (OTCBB:ADGO) today announced that it intends to apply for listing on The NASDAQ Capital Market. The Company believes that it meets all NASDAQ Capital Market listing requirements, except for bid price, and plans to seek stockholder approval of a 1 for 4 reverse stock split at a special meeting of stockholders for purposes of satisfying the initial listing bid price requirement.
“We are pleased to announce our intent to seek listing on the NASDAQ Capital Market,” stated Mr. Chip Brewer, President and CEO of Adams Golf. “Our business has grown substantially over the last 5 years, and we’ve been profitable since 2003. We’ve strengthened our organization, particularly our R&D team, and we’ve been recognized as a leader in the hybrid iron set category. We’ve upgraded our PGA, LPGA and Champions Tour staff, and we’ve been ranked as the #1 hybrid in play on the combined men’s tours since 2006. We believe it’s the right time to re-introduce our company to NASDAQ investors. By obtaining a listing on NASDAQ, we believe we can increase the investor audience and interest in our common stock. We believe that this status coupled with the continued execution of our growth strategy may lead to an increase in our valuation, one that we believe is more in-line with our long-term growth opportunities.”
If the reverse stock split is approved by stockholders, the Company intends to effect the reverse stock split as soon as practicable thereafter, and hopes to complete the listing in the first quarter of 2008. If the bid price requirement is satisfied following the reverse stock split, the common stock could begin trading on The NASDAQ Capital Market as soon as its listing is approved. However, there can be no assurance that stockholders will approve the reverse stock split, that the reverse stock split will result in the required minimum bid price, that Nasdaq will approve the listing, or that our investor audience or valuation will increase.
THE COMPANY ADVISES SECURITY HOLDERS TO READ THE PROXY STATEMENT, WHEN AND IF IT IS AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN THE SOLICITATION. INVESTORS CAN GET THE PROXY STATEMENT, AND ANY OTHER RELEVANT DOCUMENTS, WHEN AND IF IT IS AVAILABLE, FOR FREE AT THE COMMISSION’S WEB SITE AT HTTP://WWW.SEC.GOV. THE PROXY STATEMENT, AND ANY OTHER RELEVANT DOCUMENTS, WHEN AND IF IT IS AVAILABLE, WILL ALSO BE AVAILABLE FOR FREE FROM THE PARTICIPANTS BY CONTACTING: PATTY WALSH, DIRECTOR, INVESTOR RELATIONS, ADAMS GOLF, INC. AT (972) 673-9000 OR PATTYWALSH@ADAMSGOLF.COM.
THE IDENTITY OF THE PARTICIPANTS IN THE SOLICITATION AND A DESCRIPTION OF THEIR DIRECT OR INDIRECT INTERESTS, BY SECURITY HOLDINGS OR OTHERWISE, IS CONTAINED IN EXHIBIT 99.2 TO THE FORM 8-K FILED WITH THE COMMISSION BY THE COMPANY ON NOVEMBER 16, 2007. Security holders can also obtain information with respect to the identity of the participants in the solicitation and a description of their direct or indirect interests, by security holdings or otherwise, for free by contacting: Patty Walsh, Director, Investor Relations, Adams Golf, Inc. at (972) 673-9000 or pattywalsh@adamsgolf.com.
This press release contains “forward-looking statements” made under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The statements include, but are not limited to, statements regarding using terminology such as “may,” “expect,” “intend,” “hope”, “estimate,” “anticipate,” “plan,” “seek,” “feel,” “continued,” “continue” or “believe.” Such statements reflect the current view of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions related to certain factors including, without limitation, the following: stockholder approval of the reverse stock split, the ability of the Company to satisfy the initial listing bid price requirement, Nasdaq approval of the listing, increased investor audience, interest

 


 

or valuation, and events and other factors detailed under “Risk Factors” in our Securities and Exchange Commission filings. These filings can be obtained by visiting the corporate governance section of our website at www.adamsgolf.com or by contacting Adams Golf Investor Relations at InvestorInfo@adamsgolf.com.
Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Based upon changing conditions, should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Except as required by federal securities laws, Adams Golf undertakes no obligation to publicly update or revise any written or oral forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason after the date of this press release. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the applicable cautionary statements.
For more information, please contact:
Patty Walsh
Director, Investor Relations
Adams Golf
(972) 673-9000
pattywalsh@adamsgolf.com

 

EX-99.2 3 d51693exv99w2.htm SOLICITATION PARTICAPANT INFORMATION exv99w2
 

EXHIBIT 99.2
SOLICITATION PARTICIPANT INFORMATION
     The participants in the proxy solicitation may include Adams Golf, Inc. and directors, officers, employees, representatives, and agents of Adams Golf, Inc. Descriptions of the direct or indirect interests, by security holdings or otherwise, of the participants may be obtained by contacting: Patty Walsh, Director, Investor Relations, Adams Golf, Inc. at (972) 673-9000 or pattywalsh@adamsgolf.com.

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