ACUSHNET HOLDINGS CORP.
20210309
169.40 kB
2
<?xml version="1.0" ?><!--XBRL Document Created with Wdesk from Workiva--><!--Copyright 2021 Workiva--><!--r:9c1906dd-1e43-420b-8dcc-54573aa7e7a4,g:6f7547e5-89e0-4423-b03f-dcaf0ddabef0,d:e2b8d368e4fb40f2a9918a55c6404490--><html lang="en-US" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns="http://www.w3.org/1999/xhtml" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="en-US"><head><meta http-equiv="Content-Type" content="text/html"/> <title>Form 8-K filed by ACUSHNET HOLDINGS CORP. on 2021-03-09</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="icfd817fbb88345b6840a196cc3520bd1_D20210305-20210305" 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xlink:href="#golf-20210305.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="icfd817fbb88345b6840a196cc3520bd1_D20210305-20210305"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001672013</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2021-03-05</xbrli:startDate><xbrli:endDate>2021-03-05</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="ie2b8d368e4fb40f2a9918a55c6404490_1"></div><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="-sec-extract:summary;margin-top:4pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">WASHINGTON, D.C. 20549</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:75.75pt"><tr><td style="width:1.0pt"></td><td style="width:37.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:34.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:30pt"><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:100%">Form</span></div></td><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="icfd817fbb88345b6840a196cc3520bd1_D20210305-20210305" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOmUyYjhkMzY4ZTRmYjQwZjJhOTkxOGE1NWM2NDA0NDkwL3NlYzplMmI4ZDM2OGU0ZmI0MGYyYTk5MThhNTVjNjQwNDQ5MF8xL2ZyYWc6YmQ1NTNlZjIyZTVmNDUyOWI5MWY2MmE4N2RiOWIyZmMvdGFibGU6ZGRjZTc5OTUwN2Y2NDBhYTgwY2EzYjgyN2ZhODk3MDIvdGFibGVyYW5nZTpkZGNlNzk5NTA3ZjY0MGFhODBjYTNiODI3ZmE4OTcwMl8wLTEtMS0xLTA_81fb6aef-0963-4332-8089-1a9ecb2fcbe0">8-K</ix:nonNumeric></span></div></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CURRENT REPORT</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Pursuant to Section 13 or 15(d)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">of the Securities Exchange Act of 1934</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Date of Report (Date of Earliest Event 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id="id3VybDovL2RvY3MudjEvZG9jOmUyYjhkMzY4ZTRmYjQwZjJhOTkxOGE1NWM2NDA0NDkwL3NlYzplMmI4ZDM2OGU0ZmI0MGYyYTk5MThhNTVjNjQwNDQ5MF8xL2ZyYWc6YmQ1NTNlZjIyZTVmNDUyOWI5MWY2MmE4N2RiOWIyZmMvdGFibGU6OTMxYWU4OGFkN2QwNGE2MmJjZmQ5NTdjMzRkYWUxYzkvdGFibGVyYW5nZTo5MzFhZTg4YWQ3ZDA0YTYyYmNmZDk1N2MzNGRhZTFjOV8wLTMtMS0xLTA_4725a6d0-0a99-4c5b-8977-edd637e1fad0">02719</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Address of principal executive offices)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Zip Code)</span></td></tr></table><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div><div style="padding-left:18pt;padding-right:18pt;text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(<ix:nonNumeric contextRef="icfd817fbb88345b6840a196cc3520bd1_D20210305-20210305" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOmUyYjhkMzY4ZTRmYjQwZjJhOTkxOGE1NWM2NDA0NDkwL3NlYzplMmI4ZDM2OGU0ZmI0MGYyYTk5MThhNTVjNjQwNDQ5MF8xL2ZyYWc6YmQ1NTNlZjIyZTVmNDUyOWI5MWY2MmE4N2RiOWIyZmMvdGV4dHJlZ2lvbjpiZDU1M2VmMjJlNWY0NTI5YjkxZjYyYTg3ZGI5YjJmY18yNjg1_427289d8-37b5-440b-9e8b-0141077164e7">800</ix:nonNumeric>) <ix:nonNumeric contextRef="icfd817fbb88345b6840a196cc3520bd1_D20210305-20210305" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOmUyYjhkMzY4ZTRmYjQwZjJhOTkxOGE1NWM2NDA0NDkwL3NlYzplMmI4ZDM2OGU0ZmI0MGYyYTk5MThhNTVjNjQwNDQ5MF8xL2ZyYWc6YmQ1NTNlZjIyZTVmNDUyOWI5MWY2MmE4N2RiOWIyZmMvdGV4dHJlZ2lvbjpiZDU1M2VmMjJlNWY0NTI5YjkxZjYyYTg3ZGI5YjJmY18yNjg2_2dd7a365-7f4d-4090-a7aa-c51ba02be545">225‑8500</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Registrant’s Telephone Number, Including Area Code)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Not Applicable</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Former Name or Former Address, if Changed Since Last Report)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</span></div><div style="text-indent:63pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="icfd817fbb88345b6840a196cc3520bd1_D20210305-20210305" format="ixt-sec:boolballotbox" name="dei:WrittenCommunications" id="id3VybDovL2RvY3MudjEvZG9jOmUyYjhkMzY4ZTRmYjQwZjJhOTkxOGE1NWM2NDA0NDkwL3NlYzplMmI4ZDM2OGU0ZmI0MGYyYTk5MThhNTVjNjQwNDQ5MF8xL2ZyYWc6YmQ1NTNlZjIyZTVmNDUyOWI5MWY2MmE4N2RiOWIyZmMvdGV4dHJlZ2lvbjpiZDU1M2VmMjJlNWY0NTI5YjkxZjYyYTg3ZGI5YjJmY18yNjg3_c307ac4b-c591-4431-a424-1f25fa970ce7">☐</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></div><div><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="icfd817fbb88345b6840a196cc3520bd1_D20210305-20210305" format="ixt-sec:boolballotbox" name="dei:SolicitingMaterial" id="id3VybDovL2RvY3MudjEvZG9jOmUyYjhkMzY4ZTRmYjQwZjJhOTkxOGE1NWM2NDA0NDkwL3NlYzplMmI4ZDM2OGU0ZmI0MGYyYTk5MThhNTVjNjQwNDQ5MF8xL2ZyYWc6YmQ1NTNlZjIyZTVmNDUyOWI5MWY2MmE4N2RiOWIyZmMvdGV4dHJlZ2lvbjpiZDU1M2VmMjJlNWY0NTI5YjkxZjYyYTg3ZGI5YjJmY18yNjg4_4c792610-0ce8-4d56-ab3d-d6eaf87961c4">☐</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></div><div><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="icfd817fbb88345b6840a196cc3520bd1_D20210305-20210305" format="ixt-sec:boolballotbox" name="dei:PreCommencementTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOmUyYjhkMzY4ZTRmYjQwZjJhOTkxOGE1NWM2NDA0NDkwL3NlYzplMmI4ZDM2OGU0ZmI0MGYyYTk5MThhNTVjNjQwNDQ5MF8xL2ZyYWc6YmQ1NTNlZjIyZTVmNDUyOWI5MWY2MmE4N2RiOWIyZmMvdGV4dHJlZ2lvbjpiZDU1M2VmMjJlNWY0NTI5YjkxZjYyYTg3ZGI5YjJmY18yNjg5_c971a308-b450-4cda-a55f-cf4a06d720d9">☐</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></div><div><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="icfd817fbb88345b6840a196cc3520bd1_D20210305-20210305" format="ixt-sec:boolballotbox" name="dei:PreCommencementIssuerTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOmUyYjhkMzY4ZTRmYjQwZjJhOTkxOGE1NWM2NDA0NDkwL3NlYzplMmI4ZDM2OGU0ZmI0MGYyYTk5MThhNTVjNjQwNDQ5MF8xL2ZyYWc6YmQ1NTNlZjIyZTVmNDUyOWI5MWY2MmE4N2RiOWIyZmMvdGV4dHJlZ2lvbjpiZDU1M2VmMjJlNWY0NTI5YjkxZjYyYTg3ZGI5YjJmY18yNjkw_01718ab8-74b2-421e-a842-bfd942fe9abf">☐</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></div><div style="text-indent:63pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Exchange Act: </span></div><div style="margin-bottom:6pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:35.210%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.497%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:36.529%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Title of each class</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trading Symbol(s)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="icfd817fbb88345b6840a196cc3520bd1_D20210305-20210305" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOmUyYjhkMzY4ZTRmYjQwZjJhOTkxOGE1NWM2NDA0NDkwL3NlYzplMmI4ZDM2OGU0ZmI0MGYyYTk5MThhNTVjNjQwNDQ5MF8xL2ZyYWc6YmQ1NTNlZjIyZTVmNDUyOWI5MWY2MmE4N2RiOWIyZmMvdGFibGU6N2U1NTc4NWJmZjNkNDEwNWFjOGNlMjQ3YjMxNmZhYjcvdGFibGVyYW5nZTo3ZTU1Nzg1YmZmM2Q0MTA1YWM4Y2UyNDdiMzE2ZmFiN18xLTAtMS0xLTA_03787dc3-30fc-4526-b1b2-a491ac7348bf">Common Stock - $0.001 par value per share</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="icfd817fbb88345b6840a196cc3520bd1_D20210305-20210305" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOmUyYjhkMzY4ZTRmYjQwZjJhOTkxOGE1NWM2NDA0NDkwL3NlYzplMmI4ZDM2OGU0ZmI0MGYyYTk5MThhNTVjNjQwNDQ5MF8xL2ZyYWc6YmQ1NTNlZjIyZTVmNDUyOWI5MWY2MmE4N2RiOWIyZmMvdGFibGU6N2U1NTc4NWJmZjNkNDEwNWFjOGNlMjQ3YjMxNmZhYjcvdGFibGVyYW5nZTo3ZTU1Nzg1YmZmM2Q0MTA1YWM4Y2UyNDdiMzE2ZmFiN18xLTItMS0xLTA_93b082c7-83e2-4391-9e17-1eece8566b77">GOLF</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="icfd817fbb88345b6840a196cc3520bd1_D20210305-20210305" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="id3VybDovL2RvY3MudjEvZG9jOmUyYjhkMzY4ZTRmYjQwZjJhOTkxOGE1NWM2NDA0NDkwL3NlYzplMmI4ZDM2OGU0ZmI0MGYyYTk5MThhNTVjNjQwNDQ5MF8xL2ZyYWc6YmQ1NTNlZjIyZTVmNDUyOWI5MWY2MmE4N2RiOWIyZmMvdGFibGU6N2U1NTc4NWJmZjNkNDEwNWFjOGNlMjQ3YjMxNmZhYjcvdGFibGVyYW5nZTo3ZTU1Nzg1YmZmM2Q0MTA1YWM4Y2UyNDdiMzE2ZmFiN18xLTQtMS0xLTA_1fc22a85-b6f0-40bb-a4f3-9143f0d4ae92">New York Stock Exchange</ix:nonNumeric></span></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).</span></div><div style="text-indent:63pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company   </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="icfd817fbb88345b6840a196cc3520bd1_D20210305-20210305" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="id3VybDovL2RvY3MudjEvZG9jOmUyYjhkMzY4ZTRmYjQwZjJhOTkxOGE1NWM2NDA0NDkwL3NlYzplMmI4ZDM2OGU0ZmI0MGYyYTk5MThhNTVjNjQwNDQ5MF8xL2ZyYWc6YmQ1NTNlZjIyZTVmNDUyOWI5MWY2MmE4N2RiOWIyZmMvdGV4dHJlZ2lvbjpiZDU1M2VmMjJlNWY0NTI5YjkxZjYyYTg3ZGI5YjJmY18yNjkx_f8de587c-9508-42d4-a0f0-be8d2c086dd2">☐</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%">☐</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Item 8.01 Other Events.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">As previously disclosed, on July 3, 2020 (the “First Amendment Effective Date”), Acushnet Company, Acushnet Canada Inc. and Acushnet Europe Ltd, as borrowers, and Acushnet Holdings Corp. and certain other subsidiaries of Acushnet Company, as guarantors, Wells Fargo Bank, National Association and the lenders party thereto amended the credit agreement dated December 23, 2019 (as amended, the “Amended Credit Agreement”). The Amended Credit Agreement, among other things, modified the maximum net average total leverage ratio for each of the fiscal quarters ending after June 30, 2020 and on or before September 30, 2021 (such period of time, the “Covenant Relief Period”). During the Covenant Relief Period, borrowings under the Amended Credit Agreement are subject to increased interest rate margins, the unused revolving commitments are subject to increased fees and certain liens, indebtedness, investments and restricted payments covenant baskets are more restrictive. </span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On March 5, 2021 (the “Election Date”), Acushnet Company issued a notice exercising its right to an early termination of the Covenant Relief Period pursuant to the Amended Credit Agreement. </span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Effective as of five business days after the Election Date, Acushnet Company will be required to comply with the previous maximum net average total leverage ratio of 3.50 to 1.00, and the interest rate margins, commitment fee and covenant baskets will revert to the levels in effect prior to the First Amendment Effective Date.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:99pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span><br/></span></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="text-align:center;text-indent:63pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div style="text-indent:63pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:50.876%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.659%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:39.165%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ACUSHNET HOLDINGS CORP.</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Thomas Pacheco</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name:</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Thomas Pacheco</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Executive Vice President, Chief Financial Officer and Chief Accounting Officer</span></td></tr></table></div><div style="text-indent:63pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Date: March 9, 2021 </span></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div></body></html>