Callaway 2007 Annual Report Download - page 32

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The Company and its subsidiaries, incident to their business activities, are parties to a number of legal
proceedings, lawsuits and other claims, including the matters specifically noted above. Such matters are subject
to many uncertainties and outcomes are not predictable with assurance. Consequently, management is unable to
estimate the ultimate aggregate amount of monetary liability, amounts which may be covered by insurance, or the
financial impact with respect to these matters. Management believes at this time that the final resolution of these
matters, individually and in the aggregate, will not have a material adverse effect upon the Company’s
consolidated annual results of operations, cash flows or financial position.
Item 4. Submission of Matters to a Vote of Security Holders
None.
Executive Officers of the Registrant
Biographical information concerning the Company’s executive officers is set forth below.
Name Age Position(s) Held
George Fellows .............................. 65 President and Chief Executive Officer, Director
Steven C. McCracken ......................... 57 Senior Executive Vice President, Chief
Administrative Officer and Secretary
Bradley J. Holiday ............................ 54 Senior Executive Vice President and Chief
Financial Officer
David A. Laverty ............................. 50 Senior Vice President, Operations
Thomas Yang ............................... 55 Senior Vice President, International
George Fellows is President and Chief Executive Officer of the Company as well as one of its Directors. He
has served in such capacities since joining the Company in August 2005. Prior to joining the Company, during
the period from 2000 through July 2005, he served as President and Chief Executive Officer of GF Consulting, a
management consulting firm, and served as Senior Advisor to Investcorp International, Inc. and J.P. Morgan
Partners, LLC. Previously, Mr. Fellows was a member of senior management of Revlon, Inc. from 1993 to 1999,
including his terms as President, which commenced in 1995, and Chief Executive Officer, which began in 1997.
He is a member of the board of directors of VF Corporation (a global apparel company) and Jack in the Box, Inc.
(fast food restaurant chain). Mr. Fellows is also chair of the Audit Committee and a member of the Nominating
and Governance Committee of VF Corporation as well as a member of the Finance Committee of Jack in the
Box, Inc. Previously, he has served on the boards of directors of Revlon, Inc.; the National Association of Chain
Drug Stores; the Cosmetics, Toiletries and Fragrance Association; and has served on the New York Stock
Exchange Listed Company Advisory Committee. Mr. Fellows graduated with a B.S. degree from City College of
New York, received an MBA from Columbia University and completed the Harvard Advanced Management
Program.
Steven C. McCracken is Senior Executive Vice President, Chief Administrative Officer and Secretary of the
Company and has served in such capacity since October 2005. He previously served as Senior Executive Vice
President, Chief Legal Officer and Secretary from August 2000 until October 2005. He served as Executive Vice
President, Licensing and Chief Legal Officer from April 1997 to August 2000. He has served as an Executive
Vice President since April 1996 and served as General Counsel from April 1994 to April 1997. He served as
Vice President from April 1994 to April 1996. He has served as Secretary since April 1994. Prior to joining the
Company, Mr. McCracken was a partner at Gibson, Dunn & Crutcher LLP for 11 years, and had been in the
private practice of law for over 18 years. During a portion of that period, he provided legal services to the
Company. Mr. McCracken serves on the boards of Pro Kids Golf Academy and Learning Center (First Tee San
Diego) and Golf Entertainment International, Inc. (in which the Company has a minority interest investment).
Mr. McCracken received a B.A., magna cum laude, from the University of California at Irvine and a J.D. from
the University of Virginia.
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