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<P ALIGN="CENTER"><FONT SIZE=2><B>As Filed with the Securities and Exchange Commission on December&nbsp;18, 2000  </B></FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2><B> Registration No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp; </B></FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=5><B>SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=2><B>Washington, DC 20549  </B></FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=5><B>FORM S-8<BR>  </B></FONT><FONT SIZE=2><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933  </B></FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=5><B>CALLAWAY GOLF COMPANY<BR>  </B></FONT><FONT SIZE=2>(Exact name of Registrant as specified in its charter) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>2285 Rutherford Road<BR>
Carlsbad, California 92008-8815<BR>  </B></FONT><FONT SIZE=2>(Address of principal executive offices) </FONT></P>

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<TD WIDTH="47%" ALIGN="CENTER"><FONT SIZE=2><B>Delaware</B></FONT><FONT SIZE=2><BR>
(State or other jurisdiction of<BR>
incorporation or organization)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%" ALIGN="CENTER"><FONT SIZE=2><B>95-3797580</B></FONT><FONT SIZE=2><BR>
(IRS Employer<BR>
Identification No.)</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=5><B>CALLAWAY GOLF COMPANY<BR>  </B></FONT><FONT SIZE=5><B>1995 EMPLOYEE STOCK INCENTIVE PLAN<BR>  </B></FONT><FONT SIZE=2>(Full title of the plans) </FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><B>Ely Callaway<BR>  </B></FONT><FONT SIZE=2><B>Chairman, President and Chief Executive Officer<BR>
2285 Rutherford Road<BR>
Carlsbad, California 92008-8815<BR>
(760)&nbsp;931-1771<BR>  </B></FONT><FONT SIZE=2>(Name, address, and telephone number, including area code, of agent for service) </FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><B>CALCULATION OF REGISTRATION FEE  </B></FONT></P>

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<TD WIDTH="31%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1><B>Title of Securities<BR>
to be Registered</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="21%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1><B>Amount to<BR>
be Registered(1)</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1><B>Proposed Maximum<BR>
Offering Price<BR>
Per Share(2)</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1><B>Proposed Maximum<BR>
Aggregate<BR>
Offering Price(2)</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1><B>Amount of<BR>
Registration Fee</B></FONT></TD>
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<TD WIDTH="100%" COLSPAN=9 VALIGN="BOTTOM"><HR NOSHADE></TD>
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<TD WIDTH="31%" VALIGN="BOTTOM"><FONT SIZE=2>Common Stock, $.01 par value</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="21%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=2>2,200,000 Shares</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=2>$17.47</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=2>$38,434,000</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=2>$10,146.58</FONT></TD>
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<DL compact>
<DT><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Pursuant
to Rule&nbsp;416, this Registration Statement shall cover, in addition to the number of shares of Common Stock stated above, such indeterminate number of additional
shares of Common Stock as may be issued under such plan as a result of adjustment provisions thereunder.
<BR><BR></FONT></DD><DT><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Estimated
solely for purposes of determining the registration fee pursuant to Rule&nbsp;457(h), based on the average of the high and low prices of Callaway Golf Company Common
Stock as reported on December&nbsp;11, 2000 on the New York Stock Exchange. </FONT></DD></DL>
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<P><FONT SIZE=2><A
NAME="page_de2031_1_2"> </A> </FONT></P>

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<P><FONT SIZE=2><A
NAME="de2031_introduction"> </A>
<A NAME="toc_de2031_1"> </A>
<BR></FONT><FONT SIZE=2><B>INTRODUCTION    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement on Form&nbsp;S-8 is filed by Callaway Golf Company (the "Company"). This Registration Statement relates to 2,200,000
shares of the Company's common stock, par value $.01 per share (the "Common Stock"), issuable to employees of the Company under the Callaway Golf Company 1995 Employee Stock Incentive Plan (the
"Plan"). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The
Company previously registered an aggregate of 7,100,000 shares of Common Stock for issuance under the Plan under (i)&nbsp;Registration Statement No.&nbsp;333-95601
(1,500,000 shares), (ii)&nbsp;Registration Statement No.&nbsp;333-242 (1,000,000 shares), (iii)&nbsp;Registration Statement No.&nbsp;333-24207 (2,000,000 shares),
(iv)&nbsp;Registration Statement No.&nbsp;333-39093 (600,000 shares), (v)&nbsp;Registration Statement No.&nbsp;333-61889 (1,600,000 shares), and
(vi)&nbsp;Post-Effective Amendment No.&nbsp;2 to Registration Statement No.&nbsp;333-61889 (400,000 shares). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This
Registration Statement is being filed pursuant to General Instruction E of Form&nbsp;S-8 to register additional securities of the same class as other securities for
which a registration statement filed on this form relating to the same employee benefit plan is effective. The contents of Registration Statement No.&nbsp;333-95601 are hereby
incorporated into this Registration Statement. </FONT></P>

<P><FONT SIZE=2><B>ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Brian P. Lynch, who has rendered an opinion as to the validity of the Common Stock being registered by the Registration Statement, is an employee of the
Company. </FONT></P>

<P><FONT SIZE=2><B>ITEM 8. EXHIBITS  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Exhibits to this Registration Statement are listed in the Index to Exhibits immediately following the signature page(s). </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>[The rest of this page is blank]  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="jc2031_signatures"> </A>
<A NAME="toc_jc2031_1"> </A>
<BR></FONT><FONT SIZE=2><B>SIGNATURES    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form&nbsp;S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of
Carlsbad, State of California, as of December&nbsp;14, 2000. </FONT></P>

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<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="51%" COLSPAN=3><FONT SIZE=2>CALLAWAY GOLF COMPANY</FONT></TD>
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<TD WIDTH="47%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>ELY CALLAWAY</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Ely Callaway<BR></FONT> <FONT SIZE=2><I>Chairman, President and<BR>
Chief Executive Officer</I></FONT></TD>
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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and as of the date indicated. </FONT></P>

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<TH WIDTH="45%" ALIGN="CENTER"><FONT SIZE=1><B>Signature</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="27%" ALIGN="CENTER"><FONT SIZE=1><B>Title</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="23%" ALIGN="CENTER"><FONT SIZE=1><B>Dated as of</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%" VALIGN="BOTTOM"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="23%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%" VALIGN="BOTTOM"><FONT SIZE=2>/s/&nbsp;</FONT><FONT SIZE=2>ELY CALLAWAY</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Ely Callaway</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM"><FONT SIZE=2>Chairman, President and<BR>
Chief Executive Officer<BR>
(Principal Executive Officer<BR>
and Director</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="23%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=2>December 14, 2000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>BRADLEY J. HOLIDAY</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Bradley J. Holiday</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
Executive Vice President and<BR>
Chief Financial Officer<BR>
(Principal Financial Officer)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="23%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=2><BR>
December 14, 2000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>KENNETH E. WOLF</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Kenneth E. Wolf</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
Controller and Principal Accounting Officer</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="23%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=2><BR>
December 14, 2000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
*</FONT><HR NOSHADE><FONT SIZE=2> William C. Baker</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
Director</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="23%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=2><BR>
December 14, 2000</FONT></TD>
</TR>
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<TD WIDTH="45%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
*</FONT><HR NOSHADE><FONT SIZE=2> Vernon E. Jordan, Jr.</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
Director</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="23%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=2><BR>
December 14, 2000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
*</FONT><HR NOSHADE><FONT SIZE=2> Richard L. Rosenfield</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
Director</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="23%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=2><BR>
December 14, 2000</FONT></TD>
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*By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>STEVEN C. MCCRACKEN</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Steven C. McCracken,<BR></FONT> <FONT SIZE=2><I>Attorney-in-Fact</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="18%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ka2031_index_to_exhibits"> </A>
<A NAME="toc_ka2031_1"> </A>
<BR></FONT><FONT SIZE=2><B>INDEX TO EXHIBITS    <BR>  </B></FONT></P>

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<TH WIDTH="9%" ALIGN="LEFT"><FONT SIZE=1><B>Exhibit No.<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="89%" ALIGN="LEFT"><FONT SIZE=1><B>Description<BR> </B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2><BR>
4.1</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Certificate of Incorporation, incorporated herein by this reference to Exhibit&nbsp;3.1 to the Company's Current Report on Form&nbsp;8-K, as filed with the Securities and Exchange Commission ("Commission") on July&nbsp;1, 1999 (file no.
&nbsp;1-10962).</FONT></TD>
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<TR VALIGN="TOP">
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2><BR>
4.2</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Bylaws, incorporated herein by this reference to Exhibit&nbsp;3.2 to the Company's Current Report on Form&nbsp;8-K, as filed with the Commission on July&nbsp;1, 1999 (file no.&nbsp;1-10962).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2><BR>
4.3</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Dividend Reinvestment and Stock Purchase Plan, incorporated herein by this reference to the Prospectus in the Company's Registration Statement on Form&nbsp;S-3, as filed with the Commission on March&nbsp;29, 1994 (file no.&nbsp;33-77024).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2><BR>
4.4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Rights Agreement by and between the Company and Chemical Mellon Shareholder Services as Rights Agent dated as of June&nbsp;21, 1995, incorporated herein by this reference to the corresponding exhibit to the Company's Quarterly Report on Form
&nbsp;10-Q for the period ended June&nbsp;30, 1995, as filed with the Commission on August&nbsp;12, 1995 (file no.&nbsp;1-10962).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2><BR>
4.5</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Certificate of Determination of Rights, Preferences, Privileges and Restrictions of Series&nbsp;A Junior Participating Preferred Stock, incorporated herein by this reference to the corresponding exhibit to the Company's Quarterly Report on Form
&nbsp;10-Q for the quarter ended June&nbsp;30, 1995, as filed with the Commission on August&nbsp;12, 1995 (file no.&nbsp;1-10962).</FONT></TD>
</TR>
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<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2><BR>
5.1</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Opinion of Brian P. Lynch, Senior Corporate Counsel of Callaway Golf Company, as to the legality of the securities being registered.&#134;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2><BR>
23.1</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Consent of Independent Accountants.&#134;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2><BR>
23.2</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Consent of Brian P. Lynch, Esq. (included in Exhibit&nbsp;5.1).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2><BR>
24.1</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Form of Power of Attorney.&#134;</FONT></TD>
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<DL compact>
<DT><FONT SIZE=2>&#134;</FONT></DT><DD><FONT SIZE=2>Filed
with this report. </FONT></DD></DL>
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<BR>
<P><br><A NAME="00SAN2031_1">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_de2031_1">INTRODUCTION</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_jc2031_1">SIGNATURES</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ka2031_1">INDEX TO EXHIBITS</A></FONT><BR>
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{"company-data": {"conformed-name": "CALLAWAY GOLF CO /CA", "cik": "0000837465", "assigned-sic": "3949", "irs-number": "953797580", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-52020", "film-number": "790963"}, "business-address": {"street1": "2285 RUTHERFORD RD", "city": "CARLSBAD", "state": "CA", "zip": "92008", "phone": "7609311771"}}
Prepared by MERRILL CORPORATION www.edgaradvantage.com
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As Filed with the Securities and Exchange Commission on December 18, 2000
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
CALLAWAY GOLF COMPANY
(Exact name of Registrant as specified in its charter)
2285 Rutherford Road
Carlsbad, California 92008-8815
(Address of principal executive offices)
Delaware
(State or other jurisdiction of
incorporation or organization)
95-3797580
(IRS Employer
Identification No.)
CALLAWAY GOLF COMPANY
1995 EMPLOYEE STOCK INCENTIVE PLAN
(Full title of the plans)
Ely Callaway
Chairman, President and Chief Executive Officer
2285 Rutherford Road
Carlsbad, California 92008-8815
(760) 931-1771
(Name, address, and telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of Securities
to be Registered
Amount to
be Registered(1)
Proposed Maximum
Offering Price
Per Share(2)
Proposed Maximum
Aggregate
Offering Price(2)
Amount of
Registration Fee
Common Stock, $.01 par value
2,200,000 Shares
$17.47
$38,434,000
$10,146.58
(1)
Pursuant
to Rule 416, this Registration Statement shall cover, in addition to the number of shares of Common Stock stated above, such indeterminate number of additional
shares of Common Stock as may be issued under such plan as a result of adjustment provisions thereunder.
(2)
Estimated
solely for purposes of determining the registration fee pursuant to Rule 457(h), based on the average of the high and low prices of Callaway Golf Company Common
Stock as reported on December 11, 2000 on the New York Stock Exchange.
INTRODUCTION
This Registration Statement on Form S-8 is filed by Callaway Golf Company (the "Company"). This Registration Statement relates to 2,200,000
shares of the Company's common stock, par value $.01 per share (the "Common Stock"), issuable to employees of the Company under the Callaway Golf Company 1995 Employee Stock Incentive Plan (the
"Plan").
The
Company previously registered an aggregate of 7,100,000 shares of Common Stock for issuance under the Plan under (i) Registration Statement No. 333-95601
(1,500,000 shares), (ii) Registration Statement No. 333-242 (1,000,000 shares), (iii) Registration Statement No. 333-24207 (2,000,000 shares),
(iv) Registration Statement No. 333-39093 (600,000 shares), (v) Registration Statement No. 333-61889 (1,600,000 shares), and
(vi) Post-Effective Amendment No. 2 to Registration Statement No. 333-61889 (400,000 shares).
This
Registration Statement is being filed pursuant to General Instruction E of Form S-8 to register additional securities of the same class as other securities for
which a registration statement filed on this form relating to the same employee benefit plan is effective. The contents of Registration Statement No. 333-95601 are hereby
incorporated into this Registration Statement.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Brian P. Lynch, who has rendered an opinion as to the validity of the Common Stock being registered by the Registration Statement, is an employee of the
Company.
ITEM 8. EXHIBITS
The Exhibits to this Registration Statement are listed in the Index to Exhibits immediately following the signature page(s).
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2
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of
Carlsbad, State of California, as of December 14, 2000.
CALLAWAY GOLF COMPANY
By:
/s/
ELY CALLAWAY
Ely Callaway
Chairman, President and
Chief Executive Officer
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and as of the date indicated.
Signature
Title
Dated as of
/s/
ELY CALLAWAY
Ely Callaway
Chairman, President and
Chief Executive Officer
(Principal Executive Officer
and Director
December 14, 2000
/s/
BRADLEY J. HOLIDAY
Bradley J. Holiday
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)
December 14, 2000
/s/
KENNETH E. WOLF
Kenneth E. Wolf
Controller and Principal Accounting Officer
December 14, 2000
*
William C. Baker
Director
December 14, 2000
*
Vernon E. Jordan, Jr.
Director
December 14, 2000
*
Richard L. Rosenfield
Director
December 14, 2000
*By:
/s/
STEVEN C. MCCRACKEN
Steven C. McCracken,
Attorney-in-Fact
INDEX TO EXHIBITS
Exhibit No.
Description
4.1
Certificate of Incorporation, incorporated herein by this reference to Exhibit 3.1 to the Company's Current Report on Form 8-K, as filed with the Securities and Exchange Commission ("Commission") on July 1, 1999 (file no.
 1-10962).
4.2
Bylaws, incorporated herein by this reference to Exhibit 3.2 to the Company's Current Report on Form 8-K, as filed with the Commission on July 1, 1999 (file no. 1-10962).
4.3
Dividend Reinvestment and Stock Purchase Plan, incorporated herein by this reference to the Prospectus in the Company's Registration Statement on Form S-3, as filed with the Commission on March 29, 1994 (file no. 33-77024).
4.4
Rights Agreement by and between the Company and Chemical Mellon Shareholder Services as Rights Agent dated as of June 21, 1995, incorporated herein by this reference to the corresponding exhibit to the Company's Quarterly Report on Form
 10-Q for the period ended June 30, 1995, as filed with the Commission on August 12, 1995 (file no. 1-10962).
4.5
Certificate of Determination of Rights, Preferences, Privileges and Restrictions of Series A Junior Participating Preferred Stock, incorporated herein by this reference to the corresponding exhibit to the Company's Quarterly Report on Form
 10-Q for the quarter ended June 30, 1995, as filed with the Commission on August 12, 1995 (file no. 1-10962).
5.1
Opinion of Brian P. Lynch, Senior Corporate Counsel of Callaway Golf Company, as to the legality of the securities being registered.†
23.1
Consent of Independent Accountants.†
23.2
Consent of Brian P. Lynch, Esq. (included in Exhibit 5.1).
24.1
Form of Power of Attorney.†
†
Filed
with this report.
QuickLinks
INTRODUCTION
SIGNATURES
INDEX TO EXHIBITS