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CURRENT REPORT
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Item 8.01 Other Events.
Topgolf Callaway Brands Corp. (the “Company”) identified unusual IT system activity last week and immediately took proactive steps, in consultation with its external advisors, to secure its systems, including activating its incident response plan and moving some systems off-line as a precautionary measure. Law enforcement was also notified.
Currently, the majority of the Company’s systems are on-line and full access will be restored in the coming days. Based on its investigation and information currently known, the Company does not believe the incident will have a material effect on its business, operations, or financial results.
Forward-Looking Statements
This Current Report on Form 8-K contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. All statements other than statements of historical fact made herein are forward-looking statements, including without limitation statements about the extent and effects of the unusual system activity and the restoration of systems access. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including, without limitation, those risk factors set forth in Item 1A of the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended December 31, 2022. Actual results may differ materially from those in the forward-looking statements as a result of various factors, many of which are beyond the Company’s control. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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.
| TOPGOLF CALLAWAY BRANDS CORP. | ||||||
| Date: August 7, 2023 | By: | /s/ Heather D. McAllister | ||||
| Name: | Heather D. McAllister | |||||
| Title: | Senior Vice President, General Counsel and Corporate Secretary | |||||