NYSE , ELY
Callaway Golf Co. designs, manufactures and sells golf clubs (drivers, fairway woods, irons, wedges and putters) and golf balls together with its subsidiaries. It also sells golf accessories, such as golf bags, golf gloves, golf headwear, travel covers and bags, golf towels and golf umbrellas. Callaway Golf Co. generally sells its products to golf retailers, sporting goods retailers and mass merchants, directly and through wholly owned subsidiaries and to third-party distributors. The company also sells pre-owned golf products through one of its Web sites, www.callawaygolfpreowned.com. Its products are sold in the United States and in more than 100 countries around the world.
Value
Total number of shares outstanding as of Oct. 7 76,300,000
Price of each share of common stock on Oct. 7 $14.50
Aggregate market value as of Oct. 7 $1,106,350,000
Performance Record
For year ended Dec. 31, in thousands, except per-share data.
2004 2003 2002
Total revenues $934,564 $814,032 $793,219
Net income (loss) ($10,103) $45,523 $69,446
Net income (loss) per share ($.15) $.69 $1.04
Total assets $735,737 $748,566 $679,845
Directors
William Baker, 71, chairman since 1994.
Samuel Armacost, 65, director since 2003.
Ronald Beard, 66, director since 2001.
John Cushman III, 64, director since 2003.
Yotaro Kobayashi, 71, director since 1998.
Richard Rosenfield, 59, director since 1994.
Anthony Thornley, 58, director since 2004.
Executive Compensation
Officer 2004 Cash Compensation
William Baker, chief executive officer $292,307
Ronald Drapeau, former chief executive officer $762,260
Richard Helmstetter, senior executive vice president $600,000
Steven McCracken, senior executive vice president, chief legal officer
and secretary $550,000
Bradley Holiday, senior executive vice president and chief financial officer $500,000
Robert Penicka, senior executive vice president and chief operating officer $500,000
Patrice Hutin, former president and chief operating officer $550,000
Significant Stock Ownership
Number of shares Percent
March 31
Arrowhead Trust Inc. 6,980,629 9.2
Royce & Associates LLC 6,526,778 8.6
Goodman & Co., Investment Counsel Ltd. 5,121,340 6.7
Sterling Capital Management LLC 4,984,225 6.5
Directors and officers as a group (14 people) 4,062,941 5.3
Other Information
Headquarters: 2180 Rutherford Road, Carlsbad, CA 92008; (760) 931-1771;
fax (760) 929-8120.
Web site: www.callawaygolf.com.
Auditors: Deloitte & Touche LLP.
Employees: 3,000.
Industry: Sporting goods.
Information was compiled from the company’s annual and proxy reports.
