Callaway Golf Company has indicated in a regulatory filing that David A. Laverty resigned from his position as senior vice president for global operations.

Mr. Laverty has agreed to remain with the company through the balance of the year to assist with the transition of his responsibilities.

Pursuant to the terms of Mr. Laverty's separation from the company, the company expects to incur charges over the next twelve months of approximately $1.1 million, of which approximately $1.0 million will result in cash expenditures.