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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 30, 2005
Adams Golf, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 000-24583 75-2320087
(State of Incorporation) (Commission (IRS Employer
File Number) Identification No.)
300 Delaware Avenue, Suite 572
Wilmington, Delaware 19801
(Address of principal executive offices) (Zip Code)
(302) 427-5892
Registrant's telephone number, including area code
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:
[ ] Written communications pursuant to Rule 425 under the
Securities Act
[ ] Soliciting material pursuant to Rule 14a-12(b) under the
Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act
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Item 8.01 Other Events.
On December 30, 2004, the Registrant reported through a Form
8-K Current Report that a former employee embezzled funds in the
approximate amount of $970,000, which were materially expensed in
the years the funds were embezzled. The Registrant submitted a
claim for reimbursement of the funds to its insurance carrier
under a crime policy. The insurance carrier accepted the claim
and has now fully reimbursed Registrant for $965,000, which
represents the $970,000 claim less a $5,000 deductible. The
Registrant received the reimbursement funds on March 30, 2005
and will account for them during the first fiscal quarter of
2005.
SIGNATURE
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.
ADAMS GOLF, INC.
By: /s/ ERIC LOGAN
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Eric Logan
Chief Financial Officer
Date: April 5, 2005