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Press release from PR Newswire

Callaway Golf and Acushnet Reach Patent Settlement

Friday, April 13, 2012

Callaway Golf and Acushnet Reach Patent Settlement16:30 EDT Friday, April 13, 2012CARLSBAD, Calif. and FAIRHAVEN, Mass., April 13, 2012 /PRNewswire/ -- Callaway Golf Company and Acushnet Company jointly announced today that they have reached a settlement of all pending litigation and disputes, including disputes beyond the golf ball suits between the parties. No money changed hands, but under the terms of the agreement, each company will have specified rights to make ball and club products under patents owned by the other. Details of the settlement are confidential.ContactsCallaway Golf CompanyTim Buckman760-804-4133Tim.Buckman@CallawayGolf.com Acushnet CompanyJoe Gomes508-979-3211Joe.Gomes@AcushnetGolf.com SOURCE Callaway Golf Company