-----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, U5ZO45Ed3hgrBKazzTteMjf1A6n9G7EqwHh/d7Dt8WogN8Ar8gv0a542urqndHMH Zbmt2EZMiu27RG5rxHWDLA== 0001157523-07-011811.txt : 20071130 0001157523-07-011811.hdr.sgml : 20071130 20071129201849 ACCESSION NUMBER: 0001157523-07-011811 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071129 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071130 DATE AS OF CHANGE: 20071129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CALLAWAY GOLF CO CENTRAL INDEX KEY: 0000837465 STANDARD INDUSTRIAL CLASSIFICATION: [3949] IRS NUMBER: 953797580 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10962 FILM NUMBER: 071276149 BUSINESS ADDRESS: STREET 1: 2180 RUTHERFORD RD CITY: CARLSBAD STATE: CA ZIP: 92008-8815 BUSINESS PHONE: 7609311771 MAIL ADDRESS: STREET 1: 2180 RUTHERFORD ROAD CITY: CARLSBAD STATE: CA ZIP: 92008 FORMER COMPANY: FORMER CONFORMED NAME: CALLAWAY GOLF DATE OF NAME CHANGE: 20070604 FORMER COMPANY: FORMER CONFORMED NAME: CALLAWAY GOLF CO DATE OF NAME CHANGE: 20070604 FORMER COMPANY: FORMER CONFORMED NAME: CALLAWAY GOLF CO /CA DATE OF NAME CHANGE: 19940222 8-K 1 a5557499.txt CALLAWAY GOLF COMPANY 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 29, 2007 Date of Report (Date of earliest event reported) CALLAWAY GOLF COMPANY (Exact name of registrant as specified in its charter) DELAWARE 1-10962 95-3797580 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 2180 Rutherford Road, Carlsbad, CA 92008-7328 (Address of principal executive offices) (Zip Code) (760) 931-1771 Registrant's telephone number, including area code (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): [_] 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)) Item 8.01 Other Events. On November 29, 2007, Callaway Golf Company issued a press release captioned "Callaway Golf Company Declares Dividend and Announces New $100 Million Stock Repurchase Program," announcing that the Board of Directors (1) authorized a new $100 million stock repurchase program and (2) declared a dividend of $.07 per share, payable December 20, 2007, to shareholders of record as of December 10, 2007. In June 2007, the Company had announced the implementation of a previous $100 million stock repurchase program. To date, the Company has repurchased under that program approximately 5.27 million shares at an average cost of $16.87 per share for a total cost of $88.9 million. The remainder of that program has now been canceled and superseded by the new $100.0 million stock repurchase program announced today. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by this reference. Item 9.01 Financial Statements and Exhibits. (d) Exhibits: --------- The following exhibit is filed with this report on Form 8-K: Exhibit No. Description ----------- ----------- 99.1 Press release, dated November 29, 2007, captioned, "Callaway Golf Company Declares Dividend and Announces New $100 Million Stock Repurchase Program." 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. CALLAWAY GOLF COMPANY Date: November 29, 2007 By: /s/ Bradley J. Holiday ----------------------------------------- Name: Bradley J. Holiday Title: Senior Executive Vice President and Chief Financial Officer Exhibit Index ------------- Exhibit Number Description -------------- ----------- 99.1 Press release, dated November 29, 2007, captioned "Callaway Golf Company Declares Dividend and Announces New $100 Million Stock Repurchase Program." EX-99.1 2 a5557499ex99_1.txt EXHIBIT 99.1 Exhibit 99.1 Callaway Golf Company Declares Dividend and Announces New $100 Million Stock Repurchase Program CARLSBAD, Calif.--(BUSINESS WIRE)--Nov. 29, 2007--Callaway Golf Company (NYSE:ELY) announced today that the Board of Directors has authorized the Company to repurchase up to $100 million of the Company's common stock in open market or in private transactions. The Company will assess market conditions and buying opportunities from time to time and will make strategic repurchases as appropriate. The repurchases will be made consistent with the terms of the Company's credit facility which defines the amount of stock that can be repurchased in any one year. The repurchase program will remain in effect until completed or until terminated by the Board of Directors. In June 2007, the Company had announced the implementation of a $100 million stock repurchase program. To date, the Company has repurchased under that program approximately 5.27 million shares at an average cost of $16.87 per share for a total cost of $88.9 million. The remainder of that program has now been canceled and superseded by the new $100 million stock repurchase program announced today. The Company also announced today that the Board of Directors has declared a dividend of $.07 per share, payable December 20, 2007, to shareholders of record as of December 10, 2007. About Callaway Golf Through an unwavering commitment to innovation, Callaway Golf Company creates products and services designed to make every golfer a better golfer. Callaway Golf Company, which celebrates its 25th Anniversary in 2007, manufactures and sells golf clubs and golf balls, and sells golf accessories, under the Callaway Golf(R), Odyssey(R), Top-Flite(R), and Ben Hogan(R) brands in more than 110 countries worldwide. For more information please visit www.callawaygolf.com. CONTACT: Callaway Golf Company Brad Holiday Patrick Burke Michele Szynal 760-931-1771 -----END PRIVACY-ENHANCED MESSAGE-----