Topgolf Callaway CFO Resigns, Interim Appointed
Ticker: CALY · Form: 8-K · Filed: Dec 12, 2024 · CIK: 837465
| Field | Detail |
|---|---|
| Company | Topgolf Callaway Brands Corp. (CALY) |
| Form Type | 8-K |
| Filed Date | Dec 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-resignation
Related Tickers: MODG
TL;DR
CFO Joel Uden out at Topgolf Callaway, Brian Lynch steps in as interim. Transition until Jan 31.
AI Summary
On December 11, 2024, Topgolf Callaway Brands Corp. announced the resignation of its Chief Financial Officer, Joel L. Uden. The company has initiated a search for a successor and has appointed Brian G. Lynch as interim CFO. Uden will remain with the company in an advisory role until January 31, 2025, to ensure a smooth transition.
Why It Matters
The departure of a CFO can signal financial strategy shifts or internal challenges, impacting investor confidence and the company's financial direction.
Risk Assessment
Risk Level: medium — A CFO resignation, especially without an immediate permanent replacement, can create uncertainty regarding financial leadership and strategy.
Key Players & Entities
- Topgolf Callaway Brands Corp. (company) — Registrant
- Joel L. Uden (person) — Chief Financial Officer
- Brian G. Lynch (person) — Interim Chief Financial Officer
- January 31, 2025 (date) — End of Uden's advisory role
- December 11, 2024 (date) — Date of report
FAQ
Who has been appointed as the interim Chief Financial Officer?
Brian G. Lynch has been appointed as the interim Chief Financial Officer.
What is the exact date of the report?
The exact date of the report is December 11, 2024.
Until when will Joel L. Uden remain with the company in an advisory role?
Joel L. Uden will remain with the company in an advisory role until January 31, 2025.
What was the former name of Topgolf Callaway Brands Corp.?
The former names included CALLAWAY GOLF CO and CALLAWAY GOLF.
What is the principal executive office address of Topgolf Callaway Brands Corp.?
The principal executive office address is 2180 Rutherford Road, Carlsbad, California, 92008-7328.
Filing Stats: 657 words · 3 min read · ~2 pages · Grade level 13.6 · Accepted 2024-12-12 06:01:34
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share MODG The New Yo
Filing Documents
- d885704d8k.htm (8-K) — 24KB
- 0001193125-24-276283.txt ( ) — 139KB
- modg-20241211.xsd (EX-101.SCH) — 2KB
- modg-20241211_lab.xml (EX-101.LAB) — 17KB
- modg-20241211_pre.xml (EX-101.PRE) — 11KB
- d885704d8k_htm.xml (XML) — 4KB
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. All statements other than statements of historical fact made herein are forward-looking statements, including without limitation statements about Topgolf's ability to streamline its operations and concentrate resources on enhancing the player experienceg Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including, without limitation, those risk factors set forth in Item 1A of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended December 31, 2023. Actual results may differ materially from those in the forward-looking statements as a result of various factors, many of which are beyond the Company's control. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
SIGNATURES
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. TOPGOLF CALLAWAY BRANDS CORP. Date: December 12, 2024 By: /s/ Heather D. McAllister Name: Heather D. McAllister Title: Senior Vice President, General Counsel and Corporate Secretary