--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-23-164457" form_type: "8-K" ticker: "CALY" cik: "0000837465" company_name: "Callaway Golf Co" filed_at: "2023-06-09T23:59:59+00:00" generated_at: "2026-06-14T04:26:00.423208+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.25 calibrated_materiality_score: 0.25 confidence: "high" source: SEC EDGAR --- # Topgolf Callaway elects C. Matthew Turney to board; shareholders approve all proposals at 2023 annual meeting ## Summary - C. Matthew Turney elected to Board on June 6, 2023; entered standard indemnification agreement. - Bylaws amended for universal proxy rules, 25% threshold for special meetings, exclusive federal forum for Securities Act claims. - All 12 director nominees elected; Turney received 134.2M for, 0.7M against; other votes similarly lopsided. - Shareholders ratified Deloitte as auditor (154.3M for, 1.6M against) and approved say-on-pay (131.5M for). - Advisory vote on say-on-pay frequency favored every year (128.8M); company will hold annual advisory vote. ## SEC filing metadata - accession: 0001193125-23-164457 - form_type: 8-K - ticker: CALY - cik: 0000837465 - company_name: Callaway Golf Co - filed_at: 2023-06-09T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.25 - calibrated_materiality_score: 0.25 - confidence: high - sec_items: 1.01, 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/837465/000119312523164457/0001193125-23-164457-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/837465/000119312523164457/d305762d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-23-164457 - JSON: https://secwatch.observer/filing/0001193125-23-164457.json - Plain text: https://secwatch.observer/filing/0001193125-23-164457.txt ## Key facts - Governance Changes Callaway Golf Co: The Board adopted amendments to the amended and restated bylaws, addressing universal proxy rules, special meeting thresholds, procedural mechanics for stockholder nominations and proposals, proxy card color requirements, and an exclusive forum provision for Securities Act claims (effective 2023-06-06). - Change: bylaw amendment - Effective: 2023-06-06 source text: On June 6, 2023, the Board adopted amendments to the Company’s amended and restated bylaws (as amended, the “Amended and Restated Bylaws”), which became effective the same day. evidence_url: https://www.sec.gov/Archives/edgar/data/837465/000119312523164457/0001193125-23-164457-index.htm - Shareholder Votes Callaway Golf Co shareholders approved Advisory Vote on Executive Compensation at the 2023-06-06 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-06-06 source text: Proposal 3: Advisory Vote on Executive Compensation The Company’s shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers. The following sets forth the results of the voting with respect to this proposal: Shares Voted For Against Abstentions Broker Non-Votes 131,523,577 3,606,711 244,798 20,723,994 evidence_url: https://www.sec.gov/Archives/edgar/data/837465/000119312523164457/0001193125-23-164457-index.htm - Shareholder Votes Callaway Golf Co shareholders approved Advisory Vote on Frequency of Advisory Votes on Future Executive Compensation at the 2023-06-06 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-06-06 source text: Proposal 4: Advisory Vote on Frequency of Advisory Votes on Future Executive Compensation The Company’s shareholders approved, on an advisory basis, to hold future shareholder votes to approve the compensation of the Company’s named executive officers every year. The following sets forth the results of voting with respect to this proposal: Shares Voted 1 Year 2 Years 3 Years Abstentions Broker Non- Votes 128,803,901 294,817 6,216,486 59,882 20,723,994 evidence_url: https://www.sec.gov/Archives/edgar/data/837465/000119312523164457/0001193125-23-164457-index.htm - Shareholder Votes Callaway Golf Co shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-06-06 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-06-06 source text: Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm The Company’s shareholders ratified, on an advisory basis, the Audit Committee’s appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The following sets forth the results of the voting with respect to this proposal: Shares Voted For Against Abstentions 154,290,557 1,593,844 214,679 evidence_url: https://www.sec.gov/Archives/edgar/data/837465/000119312523164457/0001193125-23-164457-index.htm - Shareholder Votes Callaway Golf Co shareholders approved Annual Election of Directors at the 2023-06-06 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-06-06 source text: Proposal 1: Annual Election of Directors The voting results for the annual election of directors are as follows: Shares Voted Name of Candidate For Against Abstain Broker Non-Votes Oliver G. (Chip) Brewer III 133,813,066 1,352,711 209,309 20,723,994 John F. Lundgren 131,735,574 3,294,532 344,980 20,723,994 Erik J Anderson 132,810,356 2,330,753 233,977 20,723,994 Laura J. Flanagan 133,577,100 1,576,612 221,374 20,723,994 Russell L. Fleischer 134,245,203 882,541 247,342 20,723,994 Bavan M. Holloway 128,573,824 6,554,886 246,376 20,723,994 Scott M. Marimow 134,154,272 786,997 433,817 20,723,994 Adebayo O. Ogunlesi 131,666,416 3,342,338 366,332 20,723,994 Varsha R. Rao 133,601,691 1,530,019 243,376 20,723,994 Linda B. Segre 133,248,282 1,773,326 353,478 20,723,994 Anthony S. Thornley 131,803,596 2,968,802 602,688 20,723,994 C. Matthew Turney 134,163,525 705,126 506,435 20,723,994 evidence_url: https://www.sec.gov/Archives/edgar/data/837465/000119312523164457/0001193125-23-164457-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.