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PROXY–Ashworth Inc.

shworth, Inc. designs, markets and distributes a full line of quality sports apparel, headwear, and accessories under the Ashworth label. Ashworth products are sold in golf pro shops, resorts, at better department and specialty retail stores, and international markets.


Total number of shares outstanding as of Feb. 17, 2000 13,800,000

Price of each common stock on Feb.17, 2000 $4.94

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Aggregate market value as of Feb. 17, 2000 $68,172,000.00

Performance Record

For year ended Oct. 31, in thousands, except per-share data

1999 1998 1997

Revenues $107,921 $107,341 $89,148

Net income (loss) $3,817 $5,300 $4,827

Net income (loss) per share $0.27 $0.37 $0.39

Total assets $80,106 $81,634 $68,817


John M. Hanson Jr., 59, has been a director since 1994.

Randall L. Herrel Sr., 49, has been a director, president and CEO of the company since December 1996.

Andre Gambucci, 71, has been a director since 1991.

James W. Nantz III, 40, has served as director since 1998. He has been a television broadcaster for CBS Sports since 1985, serving as the anchor of “CBS Golf Coverage,” including “The Masters” and host of “The NFL Today.”

Stephen G. Carpenter Jr., 60, served as chairman and CEO from 1994 to 1998 and served as CEO from 1992 to 1994.

Stephen Bartolin Jr., 48, has been a director since 1998. He has been president and CEO of the Broadmoor Hotel in Colorado Springs, Colo., from 1991 to the present.

H. Michael Hecht, 60, is an adviser to businesses on product, marketing, distribution and sourcing strategies. He has served as a director since 1999.

Executive Compensation

Officers Cash Compensation

Randall Herrel, CEO $338,000

Terence Tsang, senior vice president of finance $124,000

Suzi Chauvel, chief marketing officer $57,000

Significant Stock Ownership

Number of shares Percent

Dec. 31, 1999

Fred Couples 1,368,000 9.3

Dimensional Fund Advisors, Inc. 933,200 6.8

Mellon Bank Corp. 911,821 6.6

All officers and directors as a group (Nine people) 840,194 5.8

Other Information

Headquarters: 2791 Loker Ave. W., Carlsbad, CA 92008; (760) 438-6610; fax (760) 438-6657; (www.ashworthinc.com)

Auditors: KPMG LLP, San Diego

Information was compiled from the company’s annual and proxy reports.


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