Recent 8-K filings for CALY

• June 1, 2026, 4:31 PM ET debt materiality 0.60 positive item 7.01item 9.01

  Callaway Golf repays remaining $163M term loan B, reducing gross debt to $53M

  Repaid full $163M term loan B balance with cash on hand; total gross debt now $53M ($44M Japan ABL, $9M equipment notes/leases).

• May 7, 2026, 7:59 PM ET earnings materiality 0.80 positive item 2.02item 9.01 ◈ Earnings Releases ×2

  Callaway Q1 net sales $687.5M (+9%), Adj. EBITDA +31%; raises FY2026 outlook

  Q1 GAAP net income from continuing ops $74.9M ($0.38 diluted EPS); non-GAAP EPS $0.56, up 87% YoY.

• February 27, 2026, 6:59 PM ET other material materiality 0.65 neutral item 7.01item 9.01

  Callaway provides recast segment data for 2025-2024 excluding divested Topgolf and Jack Wolfskin

  Net sales $629.6M in Q1 2025, down 1.6% YoY; Golf Equipment segment operating income up 23.8% to $101.8M.

• February 12, 2026, 6:59 PM ET earnings materiality 0.75 neutral item 2.02item 9.01

  Callaway Golf Q4 net loss $66M, FY rev $2.06B; returns to pure-play golf after asset sales

  Q4 net loss from continuing ops $66.0M ($0.36 diluted EPS); adjusted EBITDA -$25.1M, down $29.5M YoY.

• January 16, 2026, 6:59 PM ET other material materiality 0.60 neutral item 5.03item 9.01 ◈ Governance Changes ×2

  Topgolf Callaway Brands changes name to Callaway Golf Co., ticker to CALY

  Corporate name changed to Callaway Golf Company effective Jan 15, 2026 via certificate of amendment.

• January 7, 2026, 6:59 PM ET M&A materiality 0.85 positive item 1.01item 2.01item 7.01item 9.01 ◈ M&A Transactions

  Topgolf Callaway completes sale of 60% Topgolf stake; repays $1B debt, $200M buyback, name change to Callaway Golf

  Sold 60% stake in Topgolf/Toptracer to Leonard Green & Partners for ~$800M net proceeds; values Topgolf at ~$1.1B.

• November 18, 2025, 6:59 PM ET M&A materiality 0.85 positive item 1.01item 7.01item 9.01

  Topgolf Callaway Brands to sell 60% stake in Topgolf to Leonard Green for ~$1.1B valuation; net proceeds ~$770M

  Transaction values Topgolf at ~$1.1 billion; Company to receive ~$770M in net proceeds.

• November 6, 2025, 6:59 PM ET earnings materiality 0.80 positive item 2.02item 9.01

  Topgolf Callaway Q3 revenue beats, raises full-year guidance; Topgolf same-venue sales turn positive

  Q3 revenue $934M (ex-Jack Wolfskin +3%), GAAP EPS -$0.08, non-GAAP EPS -$0.05.

• August 6, 2025, 7:59 PM ET earnings materiality 0.75 neutral item 2.02item 9.01

  Topgolf Callaway Q2 rev $1.11B (-4.1% YoY), GAAP EPS $0.11, raises FY2025 outlook

  Q2 consolidated net revenue $1,110.5M, down 4.1% YoY; Adj EBITDA $195.8M (-4.8%).

• July 31, 2025, 7:59 PM ET leadership materiality 0.70 neutral item 5.02item 7.01item 9.01

  Topgolf Callaway Brands CEO Artie Starrs resigns; Topgolf spin-off likely delayed to 2026

  Artie Starrs resigns as CEO of Topgolf to become CEO of another company; will stay through Sept 2025 for transition.

• June 5, 2025, 7:59 PM ET M&A materiality 0.65 neutral item 2.01item 2.03item 7.01item 9.01 ◈ Debt Financings◈ M&A Transactions

  Topgolf Callaway Brands completes sale of Jack Wolfskin to ANTA Sports for $290M cash

  Sale of Jack Wolfskin closed May 31, 2025; cash consideration $290M, net of cash sold and subject to adjustments.

• May 12, 2025, 7:59 PM ET earnings materiality 0.85 negative item 2.02item 9.01

  Topgolf Callaway Q1 rev $1.092B (-4.5%), EPS $0.01; lowers Topgolf same-venue sales forecast

  GAAP net income $2.1M ($0.01 diluted EPS) vs $6.5M ($0.04) YoY; Non-GAAP EPS $0.11 (+41.7%).

• April 10, 2025, 7:59 PM ET M&A materiality 0.75 positive item 1.01item 2.03item 7.01item 9.01

  Topgolf Callaway Brands sells Jack Wolfskin to ANTA Sports for $290M cash

  Sale price of $290M in cash, subject to working capital and customary adjustments; expected close late Q2/early Q3 2025.

• February 24, 2025, 6:59 PM ET earnings materiality 0.85 negative item 2.02item 9.01

  Topgolf Callaway Q4 revenue +3% to $924M but $1.45B impairment drives GAAP loss

  Q4 GAAP net loss of $1.512.7B includes $1.452B noncash Topgolf goodwill/intangibles impairment.

• November 12, 2024, 6:59 PM ET earnings materiality 0.75 negative item 2.02item 9.01

  Topgolf Callaway Q3 net loss $3.6M, lowers FY revenue and EBITDA guidance, raises Topgolf EBITDA outlook

  Q3 GAAP net loss $3.6M vs net income $29.7M a year ago; diluted EPS -$0.02 vs $0.16.

• September 4, 2024, 7:59 PM ET other material materiality 0.85 positive item 7.01item 9.01

  Topgolf Callaway Brands to spin off Topgolf into independent company; plans separation by H2 2025

  Board intends to separate into Callaway (golf equipment, active lifestyle, ~$2.5B LTM rev) and Topgolf (venues, ~$1.8B LTM rev, excl. Toptracer).

• August 7, 2024, 7:59 PM ET earnings materiality 0.85 negative item 2.02item 9.01

  Topgolf Callaway Q2 net income $62M, full-year guidance lowered, launches Topgolf strategic review

  Q2 revenue $1.158B (-1.9% YoY); GAAP net income $62M vs $117M last year; Adj. EBITDA $206M.

• May 8, 2024, 7:59 PM ET earnings materiality 0.75 neutral item 2.02item 9.01 ◈ Earnings Releases

  Topgolf Callaway Q1 revenue $1.14B in line; EBITDA beat; lowers FY revenue view by $80M

  Q1 GAAP net income $7M, non-GAAP net income $16M; Adjusted EBITDA $161M ahead of expectations.

• March 21, 2024, 7:59 PM ET debt materiality 0.65 positive item 1.01item 2.03item 7.01item 9.01 ◈ Debt Financings◈ Material Agreements

  Topgolf Callaway Brands reprices $1.24B term loan, cuts interest rate by 60 bps

  Repriced $1.24B first-lien term loan due 2030, lowering rate to SOFR +300 from SOFR +350.

Earnings & guidance

Materiality & sentiment trend

Max materiality 0.85 · Median 0.70 · Most common event earnings

8 positive 4 negative 15 neutral

source · CALY on sec.gov