Item 1.01 Entry into a Material Definitive Agreement.

On May 17, 2021, Magnus Holdings Co., Ltd. ("Magnus"), which is wholly-owned by Fila Holdings Corp. ("Fila"), sold 650,000 shares of common stock of Acushnet Holdings Corp. (the "Company") in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Rule 144 (the "Rule 144 transaction"). Fila has informed the Company that the Rule 144 transaction was executed for liquidity purposes and that Fila currently plans to retain its majority stake in the Company. In connection with the Rule 144 transaction, Magnus entered into a lock-up agreement with the Company pursuant to which it has agreed to certain sale and transfer restrictions for a period of 30 days relating to its shares of the Company's common stock, subject to certain exceptions. The lock-up agreement is attached hereto as Exhibit 10.1 and incorporated by reference herein. Following the Rule 144 transaction, Magnus beneficially owned 51.04% of the outstanding common stock of the Company.




Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
  Exhibit
    No.                                              Description

    10.1              Lock-Up Agreement, dated as of May 17, 2021, between Acushnet Holdings Corp.
                    and Magnus Holdings Co., Ltd.

    104             Cover Page Interactive Data File - the cover page XBRL tags are embedded
                    within the Inline XBRL document.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses