The list of the 30 top unsecured creditors in the Golfsmith International Holdings bankruptcy case was led by Callaway Golf, owed $5.5 million, followed by TaylorMade Golf at $5.1 million and Nike USA at $3.5 million.
Other trade creditors landing on the top 10 unpaid-bills list included Ping, owed $2.4 million; Titleist/Acushnet Co., $1.83 million; Footjoy, $1.86 million; Cobra Puma Golf, $1.83 million; Garmin USA, $1.28 million; Bushnell Holdings, $1.27 million and Roger Cleveland Golf Co., $1 million.
Trade creditors owed less than $1 million included Mizuno Golf, $736,803; Golf Gifts & Gallery, $601,781; Ogio International, $572,906; Ecco USA, $459,374; Sun Mountain Sports, $458,285; Wilson Sporting Goods, $383,820; Pride Manufacturing Co., $259,763; Eaton Corp. Golf Grip, $228,421; Volvik USA, $209,943; Sports Casuals, $199,550; Lamkin, $189,306; Maibor Corp., $183,535; The Proactive Sports Group, $180,678 and Formosa Golf Corp., $176,883.
Unsecured debt also included severance for Sue Cove, the former CEO, who is owed $564,103, and David Spence, Golfsmith’s former SVP and CFO, who is owed $334,965.
Other unsecured creditors left with unpaid bills included Google Inc., $617,365; UPS, $461,458; BMC Software, $203,510 and Excel Trust, a landlord, $214,814.
