Item 8.01. Other Events.

On September 10, 2009, Callaway Golf Company (the "Company") held a Special Meeting of Shareholders to consider a proposal to approve the issuance of the shares of the Company's common stock issuable upon conversion of the Company's 7.50% Series B Cumulative Perpetual Convertible Preferred Stock (the "Preferred Stock") that equals or exceeds 20% of the voting power or the number of shares of the Company's common stock outstanding immediately prior to the original issuance of the Preferred Stock (the "Proposal"). At the Special Meeting, the Company's shareholders approved the Proposal, thus permitting holders of the Preferred Stock to convert any or all of their Preferred Stock into shares of the Company's common stock at any time.

The voting results for the Proposal were as follows:

Votes For Votes Against Abstain Broker Non-Votes 47,549,745 846,683 71,649 0

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