Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) In connection with Callaway Golf Company's (the "Company") cost-reduction initiatives, the position held by Marlo Cormier Platz as Vice President and Chief Accounting Officer has been eliminated effective as of November 5, 2012. Ms. Cormier Platz has agreed to remain with the Company through the end of the year to assist with the transition of her responsibilities.

(c) Effective November 5, 2012, Bradley J. Holiday has been designated as the Company's Chief Accounting Officer in addition to his responsibilities as Chief Financial Officer. Information that is required by Item 5.02(c)(2) and (3) of Form 8-K is incorporated by reference to the Company's definitive proxy statement for the 2012 Annual Meeting of Shareholders (the "Proxy Statement") filed with the Securities and Exchange Commission (the "SEC") on April 11, 2012 and the Company's Form 8-K filed with the SEC on May 7, 2012, which supersedes certain compensation and employment-related information contained in the Proxy Statement.

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