Callaway 2010 Annual Report Download - page 12

DOCUMENTS INCORPORATED BY REFERENCE
Part III incorporates certain information by reference from the Registrant’s Definitive Proxy Statement to be
filed with the Securities and Exchange Commission (“Commission”) pursuant to Regulation 14A in connection
with the Registrant’s 2011 Annual Meeting of Shareholders, which is scheduled to be held on May 18, 2011.
Such Definitive Proxy Statement will be filed with the Commission not later than 120 days after the conclusion
of the Registrant’s fiscal year ended December 31, 2010.
Important Notice to Investors: Statements made in this report that relate to future plans, events, liquidity,
financial results, or performance, including statements relating to future economic, market, or golf industry
conditions, future benefits from the Company’s investments in its business, and improved 2011 operational
performance and financial results, future cash flows and liquidity and future cost alignment actions, as well as
estimated unrecognized stock compensation expense, unrecognized tax benefits, projected capital expenditures,
future contractual obligations, the Company’s business outlook for 2011, the realization of deferred tax assets,
including loss and credit carryforwards and estimated charges related to the Company’s restructuring of its global
operations are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995.
These statements are based upon current information and expectations. Actual results may differ materially from
those anticipated if the information on which those estimates was based ultimately proves to be incorrect or as a
result of certain risks and uncertainties, including changes in economic conditions, credit markets, or foreign
currency exchange rates, the level of promotional activity in the marketplace, consumer acceptance and demand
for the Company’s products, future consumer discretionary purchasing activity (which can be significantly
adversely affected by unfavorable economic or market conditions), delays, difficulties, changed strategies, or
unanticipated factors including those affecting the implementation of the Company’s cost alignment initiatives or
initiatives targeted at improving gross margins, as well as the general risks and uncertainties applicable to the
Company and its business. For details concerning these and other risks and uncertainties, see Part I, Item IA,
“Risk Factors” contained in this report, as well as the Company’s other reports on Forms 10-Q and 8-K
subsequently filed with the Commission from time to time. Investors are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date hereof. Except as required by law, the
Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated events. Investors should also be aware that while the
Company from time to time does communicate with securities analysts, it is against the Company’s policy to
disclose to them any material non-public information or other confidential commercial information. Furthermore,
the Company has a policy against distributing or confirming financial forecasts or projections issued by analysts
and any reports issued by such analysts are not the responsibility of the Company. Investors should not assume
that the Company agrees with any report issued by any analyst or with any statements, projections, forecasts or
opinions contained in any such report.
Callaway Golf Company Trademarks: The following marks and phrases, among others, are trademarks of
Callaway Golf Company: A Better Game By Design—A Passion For Excellence—Anypoint—Apex—Ben
Hogan—BH—Big Bertha—Big Bertha Diablo—Black Series—Black Series i- Callaway—Callaway Collection—
Callaway Golf—Callaway uPro GO—C Grind-Chev—Chev 18-Chevron Device—Crimson Series—
Demonstrably Superior and Pleasingly Different—Diablo Edge-Diablo Forged-Dimple-in-Dimple—Divine
Line—Eagle-ERC—Explosive Distance. Amazing Soft Feel—Flying Lady—FTi-brid—FTiQ—FTiZ—FT
Performance-FT Tour-FT-5—FT-9—Freak—Fusion—Game Series—Gems—Great Big Bertha—Heavenwood—
Hogan—HX—HX Bite-HX Hot Plus—HX Hot Bite—IMIX—Legacy—Legacy Aero—Legend—Marksman—Never
Lay Up—Number One Putter in Golf—Odyssey—OptiFit-ORG.14—Rossie—S2H2—Sabertooth—SRT—
SenSert—Solaire—Squareway—Steelhead—Strata—Stronomic—Sure-Out—Teron—TF design—Tech Series—
Top-Flite—Top-Flite D2—Top-Flite XL—Tour Authentic—Tour Deep—Tour i—Tour i(S)—Tour iX—Tour i(Z)—
Trade In! Trade Up!—Tru Bore—Tunite—uPro—VFT—War Bird—Warbird—Warmsport—White Hot—White
Hot Tour—White Hot XG—White Ice—Windsport—World’s Friendliest—X-20—X-20 Tour—X-22—X-22 Tour—
XL5000—XJ Series—XL Extreme—X-Forged—X Hot—X Prototype—X-Series—X-Series Jaws-X-SPANN—Xtra
Traction Technology—X-Tour—XTT—Xtra Width Technology—XWT-2-Ball—2-Ball F7.