On Nov. 13, Callaway Golf Company completed the
previously announced redemption of its 7.50 percent Series B cumulative perpetual convertible preferred stock.
Of the 183,796 shares of preferred stock outstanding as of Sept. 30, 2013,
183,496 shares were converted into 2,602,770 shares of
the company's common stock pursuant to the holders' respective conversion rights
and the remaining 300 shares of the preferred stock were redeemed for a total of
$30,356.25.
As of the filing of this report, no shares of the preferred stock remain
outstanding.
