<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>

<DIV>
<HR width="100%" align="center" size="4" noshade>
</DIV>


<P align="center"><FONT size="2"><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT>

<DIV align="center"><FONT size="2"><B>Washington, DC 20549</B></FONT></DIV>

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


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

<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="50%">&nbsp;</TD>
        <TD width="50%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2"><B>Delaware<BR>
(State or other jurisdiction of<BR>
incorporation or organization)</B></FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
<B>95-3797580<BR>
(IRS Employer Identification No.)</B></FONT></TD>
</TR>
</TABLE>

<P align="center"><FONT size="2"><B>1995 EMPLOYEE STOCK INCENTIVE
PLAN</B></FONT><BR>
<FONT size="1"><B>(Full title of the plan)</B></FONT>

<P>
<HR width="100%" align="center" size="4" 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<BR>
(Name, address, and telephone number, including area code, of agent for service)</B></FONT></DIV>

<HR width="100%" align="center" size="4" noshade>


<P align="center"><FONT size="2"><B>CALCULATION OF REGISTRATION FEE</B></FONT>

<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="20%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="19%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="19%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="19%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="19%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD colspan="9"><HR size="2" noshade></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><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Registered(1)</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Share(2)</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Price(2)</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" align="center"><FONT size="2"><B>Common Stock,<BR>
$.01 par value</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
<B>1,500,000<BR>
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="2" noshade></TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
   <TD width="1%" align="right" nowrap><FONT size="2">(1)</FONT></TD>
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD width="97%"><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><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
   <TD width="1%" align="right" nowrap><FONT size="2">(2)</FONT></TD>
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;</FONT></TD>
   <TD width="97%"><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>




<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></TD><TD colspan="8"><A HREF="#000">ITEM 8. EXHIBITS.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">INDEX TO EXHIBITS</A></TD></TR>
<TR><TD colspan="9"><A HREF="a80067orex5-1.txt">EXHIBIT 5.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a80067orex23-1.txt">EXHIBIT 23.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a80067orex23-2.txt">EXHIBIT 23.2</A></TD></TR>
<TR><TD colspan="9"><A HREF="a80067orex24-1.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 align="left"><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;), to register an additional 1,500,000
shares of the Company&#146;s common stock, par value $.01 per share (the &#147;Common
Stock&#148;), issuable to employees of the Company under the Callaway Golf Company
1995 Employee Stock Incentive Plan (the &#147;Plan&#148;) and consists only of those
items required by General Instruction E to Form&nbsp;S-8.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company previously registered an aggregate of 9,300,000 shares of
Common Stock for issuance under the Plan under (i)&nbsp;Registration Statement No.
333-52020 (2,200,000 shares), (ii)&nbsp;Registration Statement No.&nbsp;333-95601
(1,500,000 shares), (iii)&nbsp;Post-Effective Amendment No.&nbsp;2 to Registration
Statement No.&nbsp;333-61889 (400,000 shares), (iv)&nbsp;Registration Statement No.
333-61889 (1,600,000 shares), (v)&nbsp;Registration Statement No.&nbsp;333-39095 (600,000
shares), (vi)&nbsp;Registration Statement No.&nbsp;333-24207 (2,000,000 shares), and
(vii)&nbsp;Registration Statement No.&nbsp;333-242 (1,000,000 shares). The contents of
these registration statements are hereby incorporated by reference into this
Registration Statement.
</FONT>
<!-- link2 "ITEM 8. EXHIBITS." -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="left"><FONT size="2">ITEM&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;EXHIBITS.</FONT>

<P align="left"><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 align="center"><FONT size="2"><B>&#091;The remainder of this page is blank&#093;</B></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>


<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="001"></A></DIV>
<P align="center"><FONT size="2"><B>SIGNATURES</B></FONT>

<P><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 valign="bottom">
        <TD width="50%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="45%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="2" align="left" valign="top"><FONT size="2">
CALLAWAY GOLF COMPANY</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">By:&nbsp;&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
/s/&nbsp;&nbsp;Ronald A. Drapeau</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></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">
Ronald A. Drapeau</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">
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>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="1%">&nbsp;</TD>
        <TD width="25%">&nbsp;</TD>
        <TD width="13%">&nbsp;&nbsp;&nbsp;</TD>
        <TD width="20%">&nbsp;</TD>
        <TD width="18%">&nbsp;&nbsp;&nbsp;</TD>
        <TD width="12%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <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="middle">
        <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>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;<BR>&nbsp;<BR>
/s/ RONALD A. DRAPEAU
<HR size="1" noshade>
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="center" valign="top"><FONT size="2">March&nbsp;20, 2002</FONT></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;<BR>&nbsp;<BR>
/s/ BRADLEY J. HOLIDAY
<HR size="1" noshade>
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="center" valign="top"><FONT size="2">March&nbsp;20, 2002</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;<BR>
/s/ DENNIS R. SECOR
<HR size="1" noshade>
Dennis R. Secor
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top" nowrap><FONT size="2">Vice President and Controller<BR>
(Principal Accounting Officer)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">March&nbsp;20, 2002</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*
</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="center" valign="top"><FONT size="2">March&nbsp;20, 2002</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
William C. Baker</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*
</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="center" valign="top"><FONT size="2">March&nbsp;20, 2002</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Ronald S. Beard</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*
</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="center" valign="top"><FONT size="2">March&nbsp;20, 2002</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Vernon E. Jordan, Jr</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*
</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="center" valign="top"><FONT size="2">March&nbsp;20, 2002</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Yotaro Kobayashi</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*
</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="center" valign="top"><FONT size="2">March&nbsp;20, 2002</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Richard L. Rosenfield</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD><FONT size="2">*&nbsp;By:&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
/s/ BRADLEY J. HOLIDAY</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Bradley J. Holiday, Attorney-in-Fact</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"></TD>
</TR>
</TABLE>

<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>
<!-- link1 "INDEX TO EXHIBITS" -->
<DIV align="left"><A NAME="002"></A></DIV>
<P align="center"><FONT size="2"><B>INDEX TO EXHIBITS</B></FONT>


<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="90%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="1"><B>Exhibit&nbsp;No.</B>
        <HR size="1" noshade></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="1"><B> &nbsp;Description</B><HR size="1" noshade></FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">&nbsp;&nbsp;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 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>


<P align="center"><FONT size="2">4</FONT>

</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "a80067ors-8.htm", "description": "FORM S-8", "secsgml_size_bytes": 25550}]
{"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": "333-84716", "film-number": "02581635"}, "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
(State or other jurisdiction of
incorporation or organization)
95-3797580
(IRS Employer Identification No.)
1995 EMPLOYEE STOCK INCENTIVE
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)
Share(2)
Price(2)
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)
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
ITEM 8. EXHIBITS.
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"), to register an additional 1,500,000
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") and consists only of those
items required by General Instruction E to Form S-8.
The Company previously registered an aggregate of 9,300,000 shares of
Common Stock for issuance under the Plan under (i) Registration Statement No.
333-52020 (2,200,000 shares), (ii) Registration Statement No. 333-95601
(1,500,000 shares), (iii) Post-Effective Amendment No. 2 to Registration
Statement No. 333-61889 (400,000 shares), (iv) Registration Statement No.
333-61889 (1,600,000 shares), (v) Registration Statement No. 333-39095 (600,000
shares), (vi) Registration Statement No. 333-24207 (2,000,000 shares), and
(vii) Registration Statement No. 333-242 (1,000,000 shares). The contents of
these registration statements are hereby incorporated by reference into this
Registration Statement.
ITEM  8.   EXHIBITS.
The Exhibits to this Registration Statement are listed in the Index to
Exhibits immediately following the signature page(s).
[The remainder of this page is blank]
2
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
*
Director
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
* By:
/s/ BRADLEY J. HOLIDAY
Bradley J. Holiday, Attorney-in-Fact
3
Table of Contents
INDEX TO EXHIBITS
Exhibit No.
Description
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 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).
4