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 October 15, 1998 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 Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 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 October 15, 1998, Callaway Golf Company announced that Donald H. Dye would no longer be serving as President and Chief Executive Officer or as a Director of Callaway Golf. Callaway Golf also stated that Ely Callaway, the Company's Founder and Chairman, will reassume the additional roles of President and Chief Executive Officer. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. --------------------------------- (c) Exhibits. 99.1 Press Release, dated October 15, 1998, 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: October 21, 1998 CALLAWAY GOLF COMPANY By: /s/ ELY CALLAWAY ---------------------------- Ely Callaway Chairman, President and CEO EXHIBIT INDEX Exhibit Number Description - -------------- ----------- 99.1 Press Release, dated October 15, 1998, of Callaway Golf Company.