Acushnet Holdings Corp. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
$GOLF
Recreational Games/Products/Toys
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form | |||||
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): August 09, 2024
(Exact name of registrant as specified in its charter) | ||
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(800 ) 225-8500
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Item 1.01 Entry into a Material Definitive Agreement.
On August 9, 2024, Magnus Holdings Co., Ltd. ("Magnus"), which is wholly-owned by Fila Holdings Corp. ("Fila"), sold 1,110,000 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 50.7% of the outstanding common stock of the Company.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ACUSHNET HOLDINGS CORP. | ||||||||
| By: | /s/ Sean Sullivan | |||||||
| Name: | Sean Sullivan | |||||||
| Title: | Executive Vice President and Chief Financial Officer | |||||||
Date: August 09, 2024