Callaway Golf retires remaining 7.5% perpetual convertible preferreds

By Marisa Wong

Madison, Wis., Nov. 14 - Callaway Golf Co. completed the previously announced redemption of its 7.5% series B cumulative perpetual convertible preferred stock on Wednesday, according to an 8-K filing with the Securities and Exchange Commission.

Of the 183,796 preferreds outstanding as of Sept. 30, 183,496 were converted into 2,602,770 shares of the company's common stock and the remaining 300 were redeemed for a total of $30,356.25.

Callaway manufactures and sells golf clubs and golf balls. The company is based in Carlsbad, Calif.

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