Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

On October 29, 2020, Callaway Golf Company, a Delaware corporation (the "Company"), through its wholly-owned subsidiary, Skyrager GmbH, entered into an employment agreement with a new Chief Executive Officer of the Jack Wolfskin business, whose employment is expected to commence on or about December 1, 2020 (the "Commencement Date"). Melody Harris-Jensbach, the current Chief Executive Officer of the Jack Wolfskin business, will transition out of her current role effective as of the Commencement Date, and is expected to leave the Company when her employment agreement expires on December 31, 2020. The Company extends its gratitude to Ms. Harris-Jensbach for her dedicated services to Jack Wolfskin.

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