--- schema_version: "secwatch.filing_event.v1" accession: "0001672013-23-000052" form_type: "8-K" ticker: "GOLF" cik: "0001672013" company_name: "Acushnet Holdings Corp." filed_at: "2023-06-09T23:59:59+00:00" generated_at: "2026-06-14T03:58:57.620676+00:00" event_type: "other_material" sentiment: "positive" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Acushnet Holdings signs $100M stock repurchase with Magnus, names new Principal Accounting Officer ## Summary - Signed stock repurchase agreement with Magnus Holdings to buy up to $100M of common stock on a share-for-share basis. - Appointed Nicholas Mohamed, former Global Controller of Converse, as Principal Accounting Officer effective June 5, 2023. - Board committee changes: Hewett appointed Audit Committee chair; Sullivan resigned; Hewett moved from Compensation to Nominating. - At 2023 annual meeting, stockholders elected all directors, ratified PwC as auditor, and approved say-on-pay with annual frequency. ## SEC filing metadata - accession: 0001672013-23-000052 - form_type: 8-K - ticker: GOLF - cik: 0001672013 - company_name: Acushnet Holdings Corp. - filed_at: 2023-06-09T23:59:59+00:00 - event_type: other_material - sentiment: positive - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 1.01, 5.02, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1672013/000167201323000052/0001672013-23-000052-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1672013/000167201323000052/golf-20230605.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001672013-23-000052 - JSON: https://secwatch.observer/filing/0001672013-23-000052.json - Plain text: https://secwatch.observer/filing/0001672013-23-000052.txt ## Key facts - Executive change Nicholas Mohamed was appointed as Principal Accounting Officer at Acushnet Holdings Corp.. - Action: appointed - Role: Principal Accounting Officer source text: On June 5, 2023, the board of directors (the "Board") of the Company appointed Nicholas Mohamed, its Vice President and Controller, as the Company's Principal Accounting Officer, effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1672013/000167201323000052/0001672013-23-000052-index.htm - Executive change Sean Sullivan resigned as Director at Acushnet Holdings Corp.. - Action: resigned - Role: Director source text: Mr. Sean Sullivan, who resigned from the Board effective June 1, 2023 evidence_url: https://www.sec.gov/Archives/edgar/data/1672013/000167201323000052/0001672013-23-000052-index.htm - Executive change Thomas Pacheco resigned as Chief Financial Officer and Chief Accounting Officer at Acushnet Holdings Corp.. - Action: resigned - Role: Chief Financial Officer and Chief Accounting Officer source text: who resigned from his position as Chief Financial Officer and Chief Accounting Officer (as previously disclosed in the Company’s Current Report on Form 8-K filed on March 24, 2023), effective as of June 1, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1672013/000167201323000052/0001672013-23-000052-index.htm - Material Agreements Acushnet Holdings Corp. entered into a equity purchase with Magnus Holdings Co., Ltd. valued at $100.0 million (effective 2023-06-09). - Action: entry - Agreement: equity purchase - Counterparty: Magnus Holdings Co., Ltd. - Value: $100.0 million - Effective: 2023-06-09 source text: On June 9, 2023, in connection with its existing $700.0 million share repurchase authorization, Acushnet Holdings Corp. (the “Company”) entered into an agreement with Magnus Holdings Co., Ltd. (“Magnus”) pursuant to which the Company will purchase up to an aggregate of $100.0 million of shares of its common stock from Magnus on a share-for-share basis as the Company repurchases shares in the open market or privately negotiated transactions. evidence_url: https://www.sec.gov/Archives/edgar/data/1672013/000167201323000052/0001672013-23-000052-index.htm - Shareholder Votes Acushnet Holdings Corp. shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2023-06-05 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-06-05 source text: Proposal No. 2 - Ratification of Independent Registered Public Accounting Firm Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2023. The voting results were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 63,950,142 300,705 30,974 n/a evidence_url: https://www.sec.gov/Archives/edgar/data/1672013/000167201323000052/0001672013-23-000052-index.htm - Shareholder Votes Acushnet Holdings Corp. shareholders approved Election of Directors at the 2023-06-05 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-06-05 source text: Proposal No. 1 - Election of Directors Stockholders elected the director nominees listed below to serve as members of the Board. The voting results for each nominee were as follows: Name Votes For Votes Withheld Broker Non-Votes David Maher 53,673,309 8,716,839 1,891,673 Yoon Soo (Gene) Yoon 51,318,157 11,071,991 1,891,673 Leanne Cunningham 62,113,784 276,364 1,891,673 Gregory Hewett 62,058,012 332,136 1,891,673 Ho Yeon (Aaron) Lee 52,800,586 9,589,562 1,891,673 Jan Singer 61,774,021 616,127 1,891,673 Steven Tishman 62,059,129 331,019 1,891,673 Keun Chang (Kevin) Yoon 52,068,151 10,321,997 1,891,673 evidence_url: https://www.sec.gov/Archives/edgar/data/1672013/000167201323000052/0001672013-23-000052-index.htm - Shareholder Votes Acushnet Holdings Corp. shareholders approved Non-Binding Vote on the Frequency of Future Votes on Executive Compensation at the 2023-06-05 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-06-05 source text: Proposal No. 4 - Non-Binding Vote on the Frequency of Future Votes on Executive Compensation Stockholders recommended, in a non-binding advisory vote, that a non-binding advisory vote on the compensation paid to the Company's named executive officers should be submitted to stockholders every year. The voting results were as follows: One Year Two Years Three Years Votes Abstained Broker Non-Votes 61,759,045 5,610 602,981 22,512 1,891,673 evidence_url: https://www.sec.gov/Archives/edgar/data/1672013/000167201323000052/0001672013-23-000052-index.htm - Shareholder Votes Acushnet Holdings Corp. shareholders approved Non-Binding Vote to Approve Executive Compensation at the 2023-06-05 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-06-05 source text: Proposal No. 3 - Non-Binding Vote to Approve Executive Compensation Stockholders approved, in a non-binding advisory vote, the compensation of the Company’s named executive officers for fiscal year 2022. The voting results were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 62,263,046 91,081 36,021 1,891,673 evidence_url: https://www.sec.gov/Archives/edgar/data/1672013/000167201323000052/0001672013-23-000052-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.