Acushnet forms Vietnam footwear JV with Myre; holds 40% stake, exclusive global distribution

Acushnet Holdings Corp.

Acushnet Cayman (Acushnet subsidiary) and Myre Overseas Corp. formed JV ACL FootJoy Pte. Ltd. to manufacture footwear in Vietnam under Acushnet brands.
Acushnet holds 40% and Myre 60% of ACL FootJoy; nominal subscription prices of USD 1,999 and USD 3,000 respectively.
Acushnet receives sole and exclusive worldwide right to purchase and distribute all products from the JV's factories.
Board consists of 6 directors: 3 appointed by Acushnet, 3 by Myre; Acushnet director chairs with casting vote.
Key decisions (annual plan, budget, capex) require majority including at least one Acushnet director; share transfers need board approval including all of other party's directors.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Acushnet Holdings Corp. entered into Subscription and Shareholders’ Agreement with Myre Overseas Corp. and ACL FootJoy Pte. Ltd. (effective 2026-01-06).

Action: entry
Agreement: collaboration
Counterparty: Myre Overseas Corp. and ACL FootJoy Pte. Ltd.
Effective: 2026-01-06

Exact text from the filing

On January 6, 2026, Acushnet Cayman Limited (“Acushnet Cayman”), a limited company incorporated under the laws of the Cayman Islands and a wholly owned subsidiary of Acushnet Holdings Corp. (the “Company”), entered into a Subscription and Shareholders’ Agreement (the “Agreement”) by and among Acushnet Cayman, Myre Overseas Corp. (“Myre”) and ACL FootJoy Pte. Ltd. (“ACL FootJoy”), pursuant to which Acushnet Cayman and Myre (together, the “Shareholders”) formed a joint venture and subscribed for shares in the capital of ACL FootJoy

View on SEC.gov

325 material agreements filed in the last 30 days. Browse all material agreements →

Acushnet Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001672013-26-000007

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.