<HTML>
<HEAD>
<TITLE>Callaway Golf Company, Form S-8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center"><FONT size="2"><B>As Filed with the Securities and
Exchange Commission on March 21, 2002</B></FONT>

<DIV align="right"><FONT size="2"><B>Registration No.&nbsp;333-______</B></FONT></DIV>

<HR size="4" noshade color="#000000" style="margin-top: -5px">




<P align="center"><FONT size="3"><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT>

<DIV align="center"><FONT size="3"><B>Washington, DC 20549</B></FONT></DIV>

<P>
<HR width="10%" align="center" size="1" noshade>
<P>


<P align="center"><FONT size="3"><B>FORM S-8<BR>
REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B></FONT>

<P>
<HR width="10%" align="center" size="1" noshade>
<P>


<P align="center"><FONT size="3"><B>CALLAWAY GOLF COMPANY</B></FONT>

<DIV align="center"><FONT size="1"><B>(Exact name of Registrant as specified in its charter)</B></FONT></DIV>

<P align="center"><FONT size="3"><B>2180 Rutherford Road<BR>
Carlsbad, California 92008-7328</B></FONT>

<DIV align="center"><FONT size="1"><B>(Address of principal executive offices)</B></FONT></DIV>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="49%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2"><B>Delaware</B></FONT></TD>
        <TD></TD>
        <TD align="center"><FONT size="2"><B>95-3797580</B></FONT></TD></TR>
<TR>
        <TD align="center"><FONT size="1"><B>(State or other jurisdiction of<BR>
incorporation or organization)</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
<B>(IRS Employer Identification No.)</B></FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="3"><B>401(K) RETIREMENT INVESTMENT PLAN</B></FONT>

<DIV align="center"><FONT size="1"><B>(Full title of the plan)</B></FONT></DIV>


<HR width="100%" align="center" size="2" noshade>


<DIV align="center"><FONT size="2"><B>Ronald A. Drapeau<BR>
Chairman, President and Chief Executive Officer<BR>
2180 Rutherford Road<BR>
Carlsbad, California 92008-7328<BR>
(760)&nbsp;931-1771</B>
</FONT>
<DIV align="center"><FONT size="1"><B>(Name, address, and telephone number, including area code, of agent for service)</B>
</FONT></DIV>
<HR width="100%" align="center" size="2" noshade></DIV>


<DIV align="center"><FONT size="3"><B>CALCULATION OF REGISTRATION FEE</B></FONT></DIV>
<HR width="100%" align="center" size="2" noshade>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="26%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="14%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="8%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="18%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="14%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Proposed</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Proposed</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Maximum</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Maximum</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Title of</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Amount</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Offering</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Aggregate</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Amount of</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Securities</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>to be</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Price Per</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Offering</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Registration</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>to be Registered</B></FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registered (1)(2)</B></FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Share (3)</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Price (3)</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Fee</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD colspan="9"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2"><B>Common Stock,
$.01 par value</B></FONT></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
<B>1,500,000 shares</B>
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2"><B>$19.75</B>
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2"><B>$29,625,000</B>
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2"><B>$2,725.50</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD colspan="9"><HR size="1" noshade></TD>
</TR>
</TABLE>
</CENTER>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Pursuant to Rule&nbsp;416(a) under the Securities Act of 1933, this
registration statement also covers, 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.</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">In addition, pursuant to Rule&nbsp;416(c) under the Securities Act of 1933,
this registration statement also covers an indeterminate amount of
interests to be offered or sold pursuant to the employee benefit plan
described herein.</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(3)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><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 March&nbsp;18, 2002 on the
New York Stock Exchange.</FONT></TD>
</TR>
</TABLE>
<P>
<HR size="4" noshade color="#000000" style="margin-top: -10px">




<P align="center"><FONT size="2">&nbsp;
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>




<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">PART II<BR> INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">ITEM 4. DESCRIPTION OF SECURITIES.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">ITEM 7. EXEMPTION FROM REGISTRATION.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">ITEM 8. EXHIBITS.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">ITEM 9. UNDERTAKINGS.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#008">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">INDEX TO EXHIBITS</A></TD></TR>
<TR><TD colspan="9"><A HREF="a80064orex5-1.txt">EXHIBIT 5.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a80064orex23-1.txt">EXHIBIT 23.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a80064orex23-2.txt">EXHIBIT 23.2</A></TD></TR>
<TR><TD colspan="9"><A HREF="a80064orex24-1.txt">EXHIBIT 24.1</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<P align="center"><FONT size="2"><B>INTRODUCTION</B></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement on Form&nbsp;S-8 is filed by Callaway Golf Company,
a Delaware corporation (the &#147;Company&#148;), and relates to 1,500,000 shares of the
Company&#146;s common stock, par value $.01 per share (the &#147;Common Stock&#148;), issuable
under the Callaway Golf Company 401(k) Retirement Investment Plan (the &#147;Plan&#148;).
</FONT>
<!-- link1 "PART II<BR> INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="center"><FONT size="2"><B>PART II<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></FONT>

<!-- link2 "ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE." -->
<DIV align="left"><A NAME="001"></A></DIV>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="90%">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">ITEM&nbsp;3.</FONT></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">
INCORPORATION OF DOCUMENTS BY REFERENCE.</FONT></DIV></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents, which have previously been filed by the Company
with the Commission, are hereby incorporated into this Registration Statement:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD width="1%" align="right" nowrap><FONT size="2">(a)</FONT></TD>
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;</FONT></TD>
   <TD width="97%"><FONT size="2">The Company&#146;s Annual Report on Form&nbsp;10-K for the
year ended December&nbsp;31, 2001;</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD width="1%" align="right" nowrap><FONT size="2">(b)</FONT></TD>
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;</FONT></TD>
   <TD width="97%"><FONT size="2">The Plan&#146;s Annual Report on Form&nbsp;11-K for the
year ended December&nbsp;31, 2000;</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD width="1%" align="right" nowrap><FONT size="2">(c)</FONT></TD>
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;</FONT></TD>
   <TD width="97%"><FONT size="2">The description of the Company&#146;s Common Stock
contained in the Company&#146;s Registration Statement on Form&nbsp;S-1
(Registration No.&nbsp;33-53732), including any amendment or report
filed for the purpose of updating such description; and</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD width="1%" align="right" nowrap><FONT size="2">(d)</FONT></TD>
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;</FONT></TD>
   <TD width="97%"><FONT size="2">The description of the Company&#146;s Rights contained
in the Company&#146;s Registration Statement on Form&nbsp;8-A filed on
June&nbsp;27, 1995, including any amendment or report filed for the
purpose of updating such description.</FONT></TD>
</TR>
</TABLE>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by the Company pursuant to Sections&nbsp;13(a), 13(c), 14
or 15(d) of the Exchange Act subsequent to the date of the Registration
Statement and prior to the filing of a post-effective amendment that indicates
that all securities offered thereunder have been sold or that deregisters all
securities then remaining unsold will be deemed to be incorporated by reference
into this Registration Statement and to be a part of this Registration
Statement from the date of filing of such documents.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this Registration Statement, any statement contained in a
document incorporated or deemed to be incorporated herein by reference shall be
deemed to be modified or superseded to the extent that a statement contained
herein or in any other subsequently filed document that also is or is deemed to
be incorporated herein by reference modifies or supersedes such statement in
such document. Any statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this Registration
Statement.
</FONT>
<!-- link2 "ITEM 4. DESCRIPTION OF SECURITIES." -->
<DIV align="left"><A NAME="002"></A></DIV>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="90%">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">ITEM&nbsp;4.</FONT></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">
DESCRIPTION OF SECURITIES.</FONT></DIV></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.
</FONT>
<P align="center"><FONT size="2">2
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<!-- link2 "ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL." -->
<DIV align="left"><A NAME="003"></A></DIV>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="90%">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">ITEM&nbsp;5.</FONT></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">
INTERESTS OF NAMED EXPERTS AND COUNSEL.</FONT></DIV></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brian P. Lynch, who has rendered an opinion as to the validity of the
Common Stock being registered by this Registration Statement, is an employee of
the Company.
</FONT>
<!-- link2 "ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS." -->
<DIV align="left"><A NAME="004"></A></DIV>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="90%">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">ITEM&nbsp;6.</FONT></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">INDEMNIFICATION OF DIRECTORS AND OFFICERS.</FONT></DIV></TD>
</TR>
</TABLE>
</CENTER>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145 of the Delaware General Corporation Law of the State of
Delaware empowers a Delaware corporation to indemnify present and former
directors, officers, employees and agents of the Company.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Certificate of Incorporation provides that, to the fullest
extent permitted by the Delaware General Corporation Law, a director of the
Company shall not be liable to the Company or its shareholders for monetary
damages for breach of the director&#146;s fiduciary duty as a director. Delaware
law provides that this provision in the Company&#146;s Certificate of Incorporation
shall not limit the liability of a director (i)&nbsp;for any breach of the
director&#146;s duty of loyalty to the Company or its stockholders, (ii)&nbsp;for acts or
omissions not in good faith or that involve intentional misconduct or knowing
violation of law, (iii)&nbsp;for unlawful payments of dividends or unlawful stock
repurchases or redemptions as provided in Section&nbsp;174 of the Delaware General
Corporation Law, or (iv)&nbsp;for any transaction from which the director derived an
improper personal benefit.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Bylaws provide that the Company, to the maximum extent
permitted by the Delaware General Corporation Law, shall indemnify any person
against expenses (including attorneys&#146; fees), judgments, fines, and amounts
paid in settlements actually and reasonably incurred in connection with any
threatened, pending or completed action, suit or proceeding in which such
person is or was a party or is threatened to be made a party by reason of the
fact that such person is or was a director or officer of the Company, or is or
was serving at the request of the Board of Directors of the Company as a
director or officer of another corporation, partnership, joint venture, trust
or other enterprise, or was a director or officer of a corporation which was a
predecessor corporation of the Company or of another enterprise at the request
of such predecessor corporation. The Company is required to indemnify a
director or officer in connection with an action, suit or proceeding (or part
thereof) initiated by such director or officer only if the initiation of such
action, suit or proceeding (or part thereof) by the director or officer was
authorized by the Board of Directors of the Company.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Bylaws further provide that the Company shall pay the
expenses (including attorney&#146;s fees) incurred by a director or officer of the
Company entitled to indemnification in defending any such action, suit or
proceeding in advance of its final disposition provided such director or
officer undertakes to repay all amounts advanced if it should ultimately be
determined that the director or officer is not entitled to such
indemnification.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Bylaws provide that the foregoing indemnification rights
shall not be deemed exclusive of any other rights to which the indemnified
party may be entitled.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has entered into Indemnification Agreements with its outside
directors. These Indemnification Agreements require the Company to indemnify
each outside director if he
</FONT>
<P align="center"><FONT size="2">3
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P><FONT size="2">or she is or was a party or other participant in any suit or proceeding
individually or in the right of the Company or any subsidiary of the Company,
by reason of (i)&nbsp;the fact that such outside director is or was a director of
the Company or any subsidiary, (ii)&nbsp;any action or inaction on the part of such
outside director while a director of the Company or any subsidiary, and/or
(iii)&nbsp;the fact that such outside director is or was serving at the request of
the Company as a director, officer, employee or agent of another corporation or
other enterprise. The indemnification extends to all expenses, liabilities,
judgments, fines and amounts paid in settlement actually and reasonably
incurred by the outside director in connection with such action, suit or
proceeding if the outside director acted in good faith and in a manner he or
she reasonably believed to be in or not opposed to the best interests of the
Company and, with respect to any criminal action or proceeding, had no
reasonable cause to believe that his or her conduct was unlawful. The
Indemnification Agreements require that, to the extent that the outside
director has been successful on the merits or otherwise in defense of any such
action, suit or proceeding, the Company indemnify such outside director against
expenses actually and reasonably incurred by him or her in connection
therewith. The Company must further advance, within 30&nbsp;days of a written
request, all expenses incurred by the outside director in connection with the
investigation, defense, settlement or appeal of any such action or proceeding;
provided, however, that the outside director must repay such amounts advanced
if it is ultimately determined that he or she is not entitled to be indemnified
by the Company. Under the Indemnification Agreements, the outside directors
are permitted to petition the court to seek recovery of amounts due under the
Indemnification Agreements and to recover the expenses of seeking such recovery
if he or she is successful.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Indemnification Agreements also provide that the Company will
indemnify the outside directors to the fullest extent permitted by law. Absent
the Indemnification Agreements, indemnification that might be made available to
outside directors could be changed by amendments to the Company&#146;s Certificate
of Incorporation or Bylaws. Benefits under the Indemnification Agreements are
not available, however, to indemnify an outside director (i)&nbsp;with respect to
proceedings or claims initiated by the outside director that are not by way of
defense (unless authorized by the Board of Directors); (ii)&nbsp;with respect to
liability for transactions from which the outside director derived an improper
personal benefit; (iii)&nbsp;if the outside director is determined to have committed
acts of active and deliberate dishonesty; (iv)&nbsp;for expenses or liabilities that
have been paid to the outside director under an insurance policy maintained by
the Company or otherwise by any other means; or (v)&nbsp;for an accounting of
profits realized from the purchase and sale of securities within the meaning of
Section&nbsp;16(b) of the Securities Exchange Act of 1934.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to the foregoing, the Company&#146;s Bylaws provide that the
Company shall have the power, to the maximum extent permitted by the Delaware
General Corporation Law, to indemnify any person (other than directors and
officers) who is or was an employee or agent of the Company, who is or was
serving at the request of the Company as an employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, or who was
an employee or agent of a corporation which was a predecessor corporation of
the Company or of another enterprise at the request of such predecessor
corporation, against expenses (including attorneys&#146; fees), judgments, fines,
amounts paid in settlement actually and reasonably incurred in connection with
any threatened, pending or completed action, suit, or proceeding, in which such
</FONT>
<P align="center"><FONT size="2">4
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P><FONT size="2">person was or is a party or is threatened to be made a party by reason of
the fact that such person is or was an employee or agent of the Company.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company maintains directors and officers liability insurance covering
the directors and officers of the Company against claims arising out of the
performance of their duties as such.
</FONT>
<!-- link2 "ITEM 7. EXEMPTION FROM REGISTRATION." -->
<DIV align="left"><A NAME="005"></A></DIV>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="90%">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">ITEM&nbsp;7.</FONT></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">
EXEMPTION FROM REGISTRATION.</FONT></DIV></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.
</FONT>
<!-- link2 "ITEM 8. EXHIBITS." -->
<DIV align="left"><A NAME="006"></A></DIV>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="90%">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">ITEM&nbsp;8.</FONT></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">
EXHIBITS.</FONT></DIV></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">&nbsp;&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><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant has submitted the Plan and any amendment
thereto to the Internal Revenue Service (the &#147;IRS&#148;) in a timely manner and will
make all changes required by the IRS in order to qualify the Plan.
</FONT>
<!-- link2 "ITEM 9. UNDERTAKINGS." -->
<DIV align="left"><A NAME="007"></A></DIV>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="90%">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">ITEM&nbsp;9.</FONT></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">
UNDERTAKINGS.</FONT></DIV></TD>
</TR>
</TABLE>
</CENTER>
<P>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="3%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="88%">&nbsp;</TD>
</TR>

<TR>
   <TD><FONT size="2">&nbsp;</FONT></TD>
   <TD align="left" nowrap><FONT size="2">(a)</FONT></TD>
   <TD colspan="3"><FONT size="2">The undersigned registrant hereby undertakes:</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
        <TD colspan="2"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">(1)</FONT></TD>
        <TD colspan="2"><FONT size="2">To file, during any period in which offers or
sales are being made, a post-effective amendment to this
Registration Statement:
</FONT>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
        <TD colspan="3"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">(i)</FONT></TD>
        <TD><FONT size="2">To include any prospectus required by
Section&nbsp;10(a)(3) of the Securities Act of 1933;
</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
        <TD colspan="3"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">(ii)</FONT></TD>
        <TD><FONT size="2">To reflect in the prospectus any
facts or events arising after the effective date of the
Registration Statement (or the most recent
post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the
information set forth in the Registration Statement;
</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
        <TD colspan="3"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">(iii)</FONT></TD>
        <TD><FONT size="2">To include any material information
with respect to the plan of distribution not previously
disclosed in the Registration Statement or any material
change to such information in the Registration
Statement;
</FONT></TD>
</TR>
</TABLE></CENTER>
<P><FONT size="2"><I>provided, however, </I>that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the registrant pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the
Registration Statement.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="3%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="91%">&nbsp;</TD>
        </TR>

<TR valign="top">
        <TD colspan="2"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">(2)</FONT></TD>
        <TD><FONT size="2">That, for the purpose of determining any
liability under the Securities Act of 1933 each such
post-effective amendment shall be deemed to be a new
</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><FONT size="2">5
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>


<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="3%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="91%">&nbsp;</TD>
        </TR>

<TR valign="top">
        <TD colspan="2"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">registration statement relating to the securities offered
therein, and the offering of such securities at that time
shall be deemed to be the initial <I>bona fide </I>offering thereof.
</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
        <TD colspan="2"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">(3)</FONT></TD>
        <TD><FONT size="2">To remove from registration by means of a
post-effective amendment any of the securities being
registered which remain unsold at the termination of the
offering.
</FONT></TD>
</TR>
</TABLE>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp; The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant&#146;s annual report pursuant to Section&nbsp;13(a) or 15(d) of the Securities
Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
plan&#146;s annual report pursuant to Section&nbsp;15(d) of the Securities Exchange Act
of 1934) that is incorporated by reference in the Registration Statement shall
be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be
the initial <I>bona fide </I>offering thereof.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp; Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the registrant pursuant to the foregoing provisions, or otherwise,
the registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question of
whether such indemnification by it is against public policy as expressed in the
Act and will be governed by a final adjudication of such issue.
</FONT>
<P align="center"><FONT size="2">6
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="008"></A></DIV>
<P align="center"><FONT size="2"><B>SIGNATURES</B></FONT>

<P align="left"><FONT size="2">&nbsp;&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 Carlsbad, California, as of March&nbsp;20, 2002.
</FONT>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR>
        <TD width="50%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="49%">&nbsp;</TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="2"><FONT size="2">CALLAWAY GOLF COMPANY</FONT></TD>
</TR>

<TR><TD>&nbsp;<BR>&nbsp;</TD></TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">By:&nbsp;</FONT></TD>
        <TD align="center"><FONT size="2">/s/ Ronald A. Drapeau</FONT></TD>
</TR>
<TR>
        <TD colspan="2"><FONT size="1">&nbsp;</FONT></TD>
        <TD><HR size="1" noshade color="#000000"></TD>
</TR>
<TR valign="top">
        <TD colspan="2">&nbsp;</TD>
        <TD><FONT size="2">
Ronald A. Drapeau<BR>
Chairman, President and Chief Executive Officer</FONT></TD>
</TR>
</TABLE>

<P align="left"><FONT size="2">&nbsp;&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>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="32%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="43%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="15%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Signature</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Dated as of</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ RONALD A. DRAPEAU</FONT><BR>
<HR size="1" noshade>
<FONT size="2">Ronald A. Drapeau</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
Chairman, President and<BR>
Chief Executive Officer<BR>
(Principal Executive Officer)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">March 20, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ BRADLEY J. HOLIDAY<BR>
</FONT><HR size="1" noshade><FONT size="2">
Bradley J. Holiday</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
Executive Vice President and<BR>
Chief Financial Officer<BR>
(Principal Financial Officer)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">March 20, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ DENNIS R. SECOR<BR>
</FONT><HR size="1" noshade><FONT size="2">
Dennis R. Secor</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
Vice President and Controller<BR>
(Principal Accounting Officer)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">March 20, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">*<BR>
</FONT><HR size="1" noshade><FONT size="2">
William C. Baker</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">March 20, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">*<BR>
</FONT><HR size="1" noshade><FONT size="2">
Ronald S. Beard</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">March 20, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">*<BR>
</FONT><HR size="1" noshade><FONT size="2">
Vernon E. Jordan, Jr</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">March 20, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">*<BR>
</FONT><HR size="1" noshade><FONT size="2">
Yotaro Kobayashi</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">March 20, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TR>
<TR valign="bottom">
        <TD valign="top">*<BR>
<HR size="1" noshade><FONT size="2">
Richard L. Rosenfield</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">March 20, 2002</FONT></TD>
</TR>
</TABLE>
</CENTER>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="94%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">*By:</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
/s/ BRADLEY J. HOLIDAY</FONT></TD>
</TR>
<TR>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade width="30%"></FONT></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Bradley J. Holiday, Attorney-in-Fact</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">7
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the trustee
has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in Carlsbad, California, as of March
20, 2002.
</FONT>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR>
        <TD width="50%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="49%">&nbsp;</TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="2"><FONT size="2">CALLAWAY GOLF COMPANY<BR>
401(K) RETIREMENT INVESTMENT PLAN</FONT></TD></TR>
<TR><TD>&nbsp;</TD></TR>

<TR>
        <TD colspan="2"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">Plan Committee of the 401(k) Retirement<BR>
Investment Plan, Plan Administrator</FONT></TD>
</TR>

<TR><TD>&nbsp;<BR>&nbsp;</TD></TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">By:&nbsp;</FONT></TD>
        <TD align="center"><FONT size="2">/s/ Bradley J. Holiday</FONT></TD>
</TR>
<TR>
        <TD colspan="2"><FONT size="1">&nbsp;</FONT></TD>
        <TD><HR size="1" noshade color="#000000"></TD>
</TR>
<TR valign="top">
        <TD colspan="2">&nbsp;</TD>
        <TD><FONT size="2">
Name: Bradley J. Holiday<BR>
Title:Member</FONT></TD>
</TR>
</TABLE>

<P align="center"><FONT size="2">8
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<!-- link1 "INDEX TO EXHIBITS" -->
<DIV align="left"><A NAME="009"></A></DIV>
<P align="center"><FONT size="2"><B>INDEX TO EXHIBITS</B></FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="87%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Exhibit No.</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="left"><FONT size="1"><B>Description</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD><HR size="1" noshade></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="left"><HR size="1" noshade width="8%"></TD>
</TR>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">3.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Certificate of Incorporation, incorporated herein by this reference
to Exhibit&nbsp;3.1 to the Company&#146;s Current Report on Form&nbsp;8-K, as filed
with the Securities and Exchange Commission (&#147;Commission&#148;) on July&nbsp;1,
1999 (file no. 1-10962).</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">3.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
First Amended and Restated Bylaws, effective August&nbsp;17, 2001, incorporated herein by this reference
to the corresponding exhibit to the Company's Quarterly Report on Form&nbsp;10-Q for the quarter ended
September&nbsp;30, 2001, as filed with the Commission on November&nbsp;14, 2001 (file no.&nbsp;1-10962).
</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">4.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Dividend Reinvestment and Stock Purchase Plan, incorporated herein
by this reference to the Prospectus in the Company&#146;s Registration
Statement on Form&nbsp;S-3, as filed with the Commission on March&nbsp;29, 1994
(file no. 33-77024).</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">4.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
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&#146;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.
1-10962).</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">4.3</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
First Amendment to Rights Agreement, effective June&nbsp;22, 2001, by and between Callaway Golf
Company and Mellon Investor Services, LLC. Incorporated by reference
to the corresponding exhibit to the Company's Annual Report on Form
10-K for the year ended December&nbsp;31, 2001.</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">4.4</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
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&#146;s Quarterly Report on Form&nbsp;10-Q for the quarter ended June
30, 1995, as filed with the Commission on August&nbsp;12, 1995 (file no.
1-10962).</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">5.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Opinion of Brian P. Lynch, Esq., Senior Corporate Counsel of
Callaway Golf Company, as to the legality of the securities being
registered.</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">23.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Arthur Andersen LLP, Independent Public Accountants.</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">23.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of PricewaterhouseCoopers LLP, Independent Public Accountants.</FONT></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">23.3</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Brian P. Lynch, Esq. (included in Exhibit&nbsp;5.1).</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">24.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Form of Power of Attorney.</FONT></TD>

</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">99.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Letter dated March 21, 2002 from the Company to the Commission,
incorporated herein by this reference to Exhibit 99.1 to the
Company's Annual Report on Form 10-K for the year ended December 31,
2001, as filed with the Commission on March 21, 2002 (file no. 1-0962).
</FONT></TD>

</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">9
</FONT>

</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "a80064ors-8.htm", "description": "FORM S-8", "secsgml_size_bytes": 49875}]
{"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": "333-84724", "film-number": "02581694"}, "business-address": {"street1": "2180 RUTHERFORD RD", "city": "CARLSBAD", "state": "CA", "zip": "92008-8815", "phone": "7609311771"}, "mail-address": {"street1": "2180 RUTHERFORD ROAD", "city": "CARLSBAD", "state": "CA", "zip": "92008"}}
Callaway Golf Company, Form S-8
Table of Contents
As Filed with the Securities and
Exchange Commission on March 21, 2002
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)
2180 Rutherford Road
Carlsbad, California 92008-7328
(Address of principal executive offices)
Delaware
95-3797580
(State or other jurisdiction of
incorporation or organization)
(IRS Employer Identification No.)
401(K) RETIREMENT INVESTMENT PLAN
(Full title of the plan)
Ronald A. Drapeau
Chairman, President and Chief Executive Officer
2180 Rutherford Road
Carlsbad, California 92008-7328
(760) 931-1771
(Name, address, and telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Maximum
Maximum
Title of
Amount
Offering
Aggregate
Amount of
Securities
to be
Price Per
Offering
Registration
to be Registered
Registered (1)(2)
Share (3)
Price (3)
Fee
Common Stock,
$.01 par value
1,500,000 shares
$19.75
$29,625,000
$2,725.50
(1)
Pursuant to Rule 416(a) under the Securities Act of 1933, this
registration statement also covers, 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)
In addition, pursuant to Rule 416(c) under the Securities Act of 1933,
this registration statement also covers an indeterminate amount of
interests to be offered or sold pursuant to the employee benefit plan
described herein.
(3)
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 March 18, 2002 on the
New York Stock Exchange.
TABLE OF CONTENTS
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
ITEM 4. DESCRIPTION OF SECURITIES.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
ITEM 7. EXEMPTION FROM REGISTRATION.
ITEM 8. EXHIBITS.
ITEM 9. UNDERTAKINGS.
SIGNATURES
INDEX TO EXHIBITS
EXHIBIT 5.1
EXHIBIT 23.1
EXHIBIT 23.2
EXHIBIT 24.1
Table of Contents
INTRODUCTION
This Registration Statement on Form S-8 is filed by Callaway Golf Company,
a Delaware corporation (the "Company"), and relates to 1,500,000 shares of the
Company's common stock, par value $.01 per share (the "Common Stock"), issuable
under the Callaway Golf Company 401(k) Retirement Investment Plan (the "Plan").
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3.
INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents, which have previously been filed by the Company
with the Commission, are hereby incorporated into this Registration Statement:
(a)
The Company's Annual Report on Form 10-K for the
year ended December 31, 2001;
(b)
The Plan's Annual Report on Form 11-K for the
year ended December 31, 2000;
(c)
The description of the Company's Common Stock
contained in the Company's Registration Statement on Form S-1
(Registration No. 33-53732), including any amendment or report
filed for the purpose of updating such description; and
(d)
The description of the Company's Rights contained
in the Company's Registration Statement on Form 8-A filed on
June 27, 1995, including any amendment or report filed for the
purpose of updating such description.
All documents filed by the Company pursuant to Sections 13(a), 13(c), 14
or 15(d) of the Exchange Act subsequent to the date of the Registration
Statement and prior to the filing of a post-effective amendment that indicates
that all securities offered thereunder have been sold or that deregisters all
securities then remaining unsold will be deemed to be incorporated by reference
into this Registration Statement and to be a part of this Registration
Statement from the date of filing of such documents.
For purposes of this Registration Statement, any statement contained in a
document incorporated or deemed to be incorporated herein by reference shall be
deemed to be modified or superseded to the extent that a statement contained
herein or in any other subsequently filed document that also is or is deemed to
be incorporated herein by reference modifies or supersedes such statement in
such document. Any statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this Registration
Statement.
ITEM 4.
DESCRIPTION OF SECURITIES.
Not Applicable.
2
Table of Contents
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 this Registration Statement, is an employee of
the Company.
ITEM 6.
INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 145 of the Delaware General Corporation Law of the State of
Delaware empowers a Delaware corporation to indemnify present and former
directors, officers, employees and agents of the Company.
The Company's Certificate of Incorporation provides that, to the fullest
extent permitted by the Delaware General Corporation Law, a director of the
Company shall not be liable to the Company or its shareholders for monetary
damages for breach of the director's fiduciary duty as a director. Delaware
law provides that this provision in the Company's Certificate of Incorporation
shall not limit the liability of a director (i) for any breach of the
director's duty of loyalty to the Company or its stockholders, (ii) for acts or
omissions not in good faith or that involve intentional misconduct or knowing
violation of law, (iii) for unlawful payments of dividends or unlawful stock
repurchases or redemptions as provided in Section 174 of the Delaware General
Corporation Law, or (iv) for any transaction from which the director derived an
improper personal benefit.
The Company's Bylaws provide that the Company, to the maximum extent
permitted by the Delaware General Corporation Law, shall indemnify any person
against expenses (including attorneys' fees), judgments, fines, and amounts
paid in settlements actually and reasonably incurred in connection with any
threatened, pending or completed action, suit or proceeding in which such
person is or was a party or is threatened to be made a party by reason of the
fact that such person is or was a director or officer of the Company, or is or
was serving at the request of the Board of Directors of the Company as a
director or officer of another corporation, partnership, joint venture, trust
or other enterprise, or was a director or officer of a corporation which was a
predecessor corporation of the Company or of another enterprise at the request
of such predecessor corporation. The Company is required to indemnify a
director or officer in connection with an action, suit or proceeding (or part
thereof) initiated by such director or officer only if the initiation of such
action, suit or proceeding (or part thereof) by the director or officer was
authorized by the Board of Directors of the Company.
The Company's Bylaws further provide that the Company shall pay the
expenses (including attorney's fees) incurred by a director or officer of the
Company entitled to indemnification in defending any such action, suit or
proceeding in advance of its final disposition provided such director or
officer undertakes to repay all amounts advanced if it should ultimately be
determined that the director or officer is not entitled to such
indemnification.
The Company's Bylaws provide that the foregoing indemnification rights
shall not be deemed exclusive of any other rights to which the indemnified
party may be entitled.
The Company has entered into Indemnification Agreements with its outside
directors. These Indemnification Agreements require the Company to indemnify
each outside director if he
3
Table of Contents
or she is or was a party or other participant in any suit or proceeding
individually or in the right of the Company or any subsidiary of the Company,
by reason of (i) the fact that such outside director is or was a director of
the Company or any subsidiary, (ii) any action or inaction on the part of such
outside director while a director of the Company or any subsidiary, and/or
(iii) the fact that such outside director is or was serving at the request of
the Company as a director, officer, employee or agent of another corporation or
other enterprise. The indemnification extends to all expenses, liabilities,
judgments, fines and amounts paid in settlement actually and reasonably
incurred by the outside director in connection with such action, suit or
proceeding if the outside director acted in good faith and in a manner he or
she reasonably believed to be in or not opposed to the best interests of the
Company and, with respect to any criminal action or proceeding, had no
reasonable cause to believe that his or her conduct was unlawful. The
Indemnification Agreements require that, to the extent that the outside
director has been successful on the merits or otherwise in defense of any such
action, suit or proceeding, the Company indemnify such outside director against
expenses actually and reasonably incurred by him or her in connection
therewith. The Company must further advance, within 30 days of a written
request, all expenses incurred by the outside director in connection with the
investigation, defense, settlement or appeal of any such action or proceeding;
provided, however, that the outside director must repay such amounts advanced
if it is ultimately determined that he or she is not entitled to be indemnified
by the Company. Under the Indemnification Agreements, the outside directors
are permitted to petition the court to seek recovery of amounts due under the
Indemnification Agreements and to recover the expenses of seeking such recovery
if he or she is successful.
The Indemnification Agreements also provide that the Company will
indemnify the outside directors to the fullest extent permitted by law. Absent
the Indemnification Agreements, indemnification that might be made available to
outside directors could be changed by amendments to the Company's Certificate
of Incorporation or Bylaws. Benefits under the Indemnification Agreements are
not available, however, to indemnify an outside director (i) with respect to
proceedings or claims initiated by the outside director that are not by way of
defense (unless authorized by the Board of Directors); (ii) with respect to
liability for transactions from which the outside director derived an improper
personal benefit; (iii) if the outside director is determined to have committed
acts of active and deliberate dishonesty; (iv) for expenses or liabilities that
have been paid to the outside director under an insurance policy maintained by
the Company or otherwise by any other means; or (v) for an accounting of
profits realized from the purchase and sale of securities within the meaning of
Section 16(b) of the Securities Exchange Act of 1934.
In addition to the foregoing, the Company's Bylaws provide that the
Company shall have the power, to the maximum extent permitted by the Delaware
General Corporation Law, to indemnify any person (other than directors and
officers) who is or was an employee or agent of the Company, who is or was
serving at the request of the Company as an employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, or who was
an employee or agent of a corporation which was a predecessor corporation of
the Company or of another enterprise at the request of such predecessor
corporation, against expenses (including attorneys' fees), judgments, fines,
amounts paid in settlement actually and reasonably incurred in connection with
any threatened, pending or completed action, suit, or proceeding, in which such
4
Table of Contents
person was or is a party or is threatened to be made a party by reason of
the fact that such person is or was an employee or agent of the Company.
The Company maintains directors and officers liability insurance covering
the directors and officers of the Company against claims arising out of the
performance of their duties as such.
ITEM 7.
EXEMPTION FROM REGISTRATION.
Not Applicable.
ITEM 8.
EXHIBITS.
The Exhibits to this Registration Statement are listed in the Index to
Exhibits immediately following the signature page(s).
The undersigned registrant has submitted the Plan and any amendment
thereto to the Internal Revenue Service (the "IRS") in a timely manner and will
make all changes required by the IRS in order to qualify the Plan.
ITEM 9.
UNDERTAKINGS.
(a)
The undersigned registrant hereby undertakes:
(1)
To file, during any period in which offers or
sales are being made, a post-effective amendment to this
Registration Statement:
(i)
To include any prospectus required by
Section 10(a)(3) of the Securities Act of 1933;
(ii)
To reflect in the prospectus any
facts or events arising after the effective date of the
Registration Statement (or the most recent
post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the
information set forth in the Registration Statement;
(iii)
To include any material information
with respect to the plan of distribution not previously
disclosed in the Registration Statement or any material
change to such information in the Registration
Statement;
provided, however,
that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the registrant pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the
Registration Statement.
(2)
That, for the purpose of determining any
liability under the Securities Act of 1933 each such
post-effective amendment shall be deemed to be a new
5
Table of Contents
registration statement relating to the securities offered
therein, and the offering of such securities at that time
shall be deemed to be the initial
bona fide
offering thereof.
(3)
To remove from registration by means of a
post-effective amendment any of the securities being
registered which remain unsold at the termination of the
offering.
(b)  The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
plan's annual report pursuant to Section 15(d) of the Securities Exchange Act
of 1934) that is incorporated by reference in the Registration Statement shall
be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be
the initial
bona fide
offering thereof.
(c)  Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the registrant pursuant to the foregoing provisions, or otherwise,
the registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question of
whether such indemnification by it is against public policy as expressed in the
Act and will be governed by a final adjudication of such issue.
6
Table of Contents
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 Carlsbad, California, as of March 20, 2002.
CALLAWAY GOLF COMPANY
By:
/s/ Ronald A. Drapeau
Ronald A. Drapeau
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/ RONALD A. DRAPEAU
Ronald A. Drapeau
Chairman, President and
Chief Executive Officer
(Principal Executive Officer)
March 20, 2002
/s/ BRADLEY J. HOLIDAY
Bradley J. Holiday
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)
March 20, 2002
/s/ DENNIS R. SECOR
Dennis R. Secor
Vice President and Controller
(Principal Accounting Officer)
March 20, 2002
*
William C. Baker
Director
March 20, 2002
*
Ronald S. Beard
Director
March 20, 2002
*
Vernon E. Jordan, Jr
Director
March 20, 2002
*
Yotaro Kobayashi
Director
March 20, 2002
*
Richard L. Rosenfield
Director
March 20, 2002
*By:
/s/ BRADLEY J. HOLIDAY
Bradley J. Holiday, Attorney-in-Fact
7
Table of Contents
Pursuant to the requirements of the Securities Act of 1933, the trustee
has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in Carlsbad, California, as of March
20, 2002.
CALLAWAY GOLF COMPANY
401(K) RETIREMENT INVESTMENT PLAN
Plan Committee of the 401(k) Retirement
Investment Plan, Plan Administrator
By:
/s/ Bradley J. Holiday
Name: Bradley J. Holiday
Title:Member
8
Table of Contents
INDEX TO EXHIBITS
Exhibit No.
Description
3.1
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).
3.2
First Amended and Restated Bylaws, effective August 17, 2001, incorporated herein by this reference
to the corresponding exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended
September 30, 2001, as filed with the Commission on November 14, 2001 (file no. 1-10962).
4.1
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).
4.2
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).
4.3
First Amendment to Rights Agreement, effective June 22, 2001, by and between Callaway Golf
Company and Mellon Investor Services, LLC. Incorporated by reference
to the corresponding exhibit to the Company's Annual Report on Form
10-K for the year ended December 31, 2001.
4.4
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, Esq., Senior Corporate Counsel of
Callaway Golf Company, as to the legality of the securities being
registered.
23.1
Consent of Arthur Andersen LLP, Independent Public Accountants.
23.2
Consent of PricewaterhouseCoopers LLP, Independent Public Accountants.
23.3
Consent of Brian P. Lynch, Esq. (included in Exhibit 5.1).
24.1
Form of Power of Attorney.
99.1
Letter dated March 21, 2002 from the Company to the Commission,
incorporated herein by this reference to Exhibit 99.1 to the
Company's Annual Report on Form 10-K for the year ended December 31,
2001, as filed with the Commission on March 21, 2002 (file no. 1-0962).
9