UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 28, 2010
ADAMS GOLF, INC.
(Exact name of registrant as specified in its charter)
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| Delaware
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001-33978
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75-2320087 |
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| (State or other jurisdiction
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(Commission
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(IRS Employer |
| of incorporation)
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File Number)
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Identification No.) |
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| 2801 E. Plano Pkwy., Plano, Texas
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75074
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| (Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code (972) 673-9000
Not Applicable
(Former name or former address, if changed since last report.)
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 (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.
On October 28, 2010, Adams Golf, Inc., a Delaware corporation (the “Company”), named
Pamela High as its Chief Financial Officer. Ms. High had served as the Company’s Interim Chief
Financial Officer since April 2009.
Ms. High, 35, has been an employee of the Company for 11 years. She served as the Company’s
Interim Chief Financial Officer from April 2009 until her appointment as Chief Financial Officer.
For the previous seven years before her service as Interim Chief Financial Officer, Ms. High was
the Company’s Controller. She is a licensed CPA with a Masters Degree in Accounting from the
University of Texas.
In connection with her appointment, the Company has agreed to: (i) increase her annual salary
to $160,000, (ii) grant her 30,000 restricted shares of the Company’s common stock and (iii) make
her eligible to receive a semi-annual bonus under the Company’s Annual Management Incentive
Compensation Plan targeted at 40% of her salary.