Acushnet Holdings Corp. 8-K

What Happened

• On January 6, 2026, Acushnet Cayman Limited (a wholly owned subsidiary of Acushnet Holdings Corp.) entered into a Subscription and Shareholders’ Agreement with Myre Overseas Corp. to form ACL FootJoy Pte. Ltd. The joint venture’s primary purpose is sourcing raw materials and contracting the manufacture and production of footwear in Vietnam under Acushnet-owned trademarks.
• Under the agreement, Acushnet Cayman and Myre own 40% and 60% of ACL FootJoy, respectively. Acushnet Cayman and its designees have the exclusive right to purchase, distribute and arrange worldwide sales of all products made at the specified footwear factories.

Key Details

• Date of agreement: January 6, 2026.
• Ownership: Acushnet Cayman 40%; Myre Overseas Corp. 60%.
• Board structure: Up to six directors; each shareholder appoints three directors; the Board Chair is an Acushnet appointee and has a casting vote in deadlocks.
• Governance approvals: Annual business plans, operating budgets, and capex budgets require Board approval by a majority that must include at least one Acushnet director; amendments to organizational documents require approval by each shareholder; share transfers are restricted and need Board approval with protections for the non-transferring shareholder’s directors.

Why It Matters

• This JV secures Acushnet’s access to footwear supply and gives it exclusive purchasing and distribution rights for products made at Myre-controlled factories in Vietnam, which can help stabilize sourcing and production for its brands.
• The agreement establishes clear governance and veto protections for Acushnet (chair with casting vote, budget approval rules), but the filing discloses no purchase price, capital contributions or projected financial impact. Investors should note this is a strategic supply-chain and manufacturing arrangement rather than an acquisition with disclosed financial terms.