Business Context and Reporting Period
This Form 8-K Current Report was filed by Acushnet Holdings Corp. on December 6, 2021. The filing addresses a corporate governance event regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the departure of a director:
- Walter Uihlein notified the Company of his intent to retire from the Board of Directors.
- The retirement is effective as of December 31, 2021.
- The departure is not the result of any disagreement with the Company.
Management Commentary and Background
Management highlighted Mr. Uihlein's extensive tenure and contributions:
- Former President and Chief Executive Officer of the Company (May 2016 to January 1, 2018).
- Joined the Acushnet Company in 1976 and served as President and CEO from 1995.
- Served on the Board of Directors since October 2016.
- Recipient of the PGA of America's Distinguished Service Award in 2005.
- The Board thanked him for 45 years of dedicated service.
Key Facts for Investor Verification
- Confirm the effective date of Walter Uihlein's retirement (December 31, 2021).
- Verify if a successor director has been appointed to fill the vacancy.
- Review subsequent filings for any changes to the Board's committee assignments resulting from this departure.