SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 August 17, 1999 Date of report (Date of earliest event reported) CALLAWAY GOLF COMPANY (Exact Name of Registrant as Specified in Charter) CALIFORNIA 1-10962 95-3797580 (State or Other (Commission (IRS Employer Jurisdiction of File Number) Identification No.) Incorporation) 2285 RUTHERFORD ROAD CARLSBAD, CA 92008-8815 (Address of Principal Executive Offices) (760) 931-1771 (Registrant's telephone number, including area code) ITEM 5. OTHER EVENTS. ------------ On August 17, 1999, Callaway Golf Company announced the appointment of Chuck Yash to President of Callaway Golf Company effective immediately. Callaway Golf also designated Mr. Yash to succeed Ely Callaway as Chief Executive Officer of Callaway Golf Company by December 31, 2000 or when Mr. Callaway ceases to be involved in active management of the company - whichever comes earlier. Mr. Yash will continue as President and Chief Executive Officer of Callaway Golf Ball Company, a wholly-owned subsidiary of Callaway Golf Company. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. --------------------------------- (c) Exhibits. 99.1 Press Release, dated August 17, 1999, of Callaway Golf Company. 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. Date: August 19, 1999 CALLAWAY GOLF COMPANY By: /s/ Steven C. McCracken ----------------------- Steven C. McCracken Executive Vice President, Licensing, Chief Legal Officer and Secretary EXHIBIT INDEX Exhibit Number Description -------------- ----------- 99.1 Press Release, dated August 17, 1999, of Callaway Golf Company