- Written communication by the subject company relating to a third party tender offer (SC14D9C)
October 14 2008 - 3:19PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14D-9
(RULE 14d-101)
SOLICITATION/RECOMMENDATION STATEMENT UNDER SECTION 14(d)(4)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No.
)
ASHWORTH, INC.
(Name of Subject Company)
ASHWORTH, INC.
(Name of Person Filing Statement)
COMMON STOCK, $0.001 PAR VALUE PER SHARE
(Title of Class of Securities)
04516H101
(CUSIP Number of Class of Securities)
Halina Balys
Vice President, Corporate Secretary and Compliance Officer
2765 Loker Avenue West
Carlsbad, California 92010
(760) 438-6610
(Name, address and telephone number of person authorized to receive notices
and communications on behalf of the person filing statement)
Copies to:
Gibson, Dunn & Crutcher LLP
3161 Michelson Drive, Suite 1200
Irvine, California 92612
(949) 451-3800
Attention: Mark W. Shurtleff, Esq.
þ
Check the box if the filing relates solely to preliminary communications made before the
commencement of a tender offer.
10/13/08 Town Hall Meeting Ashworth / TaylorMade-adidas Golf (TMaG) transaction.
We are excited about this proposed transaction. TMaG is a global, world class company which shares
our passion for golf and is committed to continued growth in the golf category. By uniting
Ashworth and TMaG and their global positions we will better serve all market channels and golfers
of all skill levels. The Ashworth® brand fits perfectly into TMaGs line-up of brands and together
we will be able to increase efficiency and drive the golf apparel business going forward,
leveraging a broad set of resources. We believe this proposed transaction will be very good for
Ashworth and TMaG as it widens the product range offering, will strengthen the distribution
platform and extend the marketing presence.
As for Callaway Golf apparel, both parties to the Callaway license have a vested interest in
protecting the brand and its distribution. And, going forward, we will do just that.
The process will start with a tender offer to be launched shortly by TMaG. As noted in this
mornings press release, we expect the process to be completed in this calendar quarter. For now
nothing in our daily operations has changed. We will continue to do business as usual, providing
great products and service to our customers. One point is very clear: it is important for all of
us to be strong, professional and to continue to provide the high level of service we currently
provide. The best thing we can do is perform our jobs to the best of our abilities and take pride
in the work we do.
We appreciate everyones patience and understanding and as we go forward with this proposed
transaction, we will work closely with you in helping you to continue to do your job.
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