SEC Form 3 · accession 0000903423-16-001328
Acushnet Holdings Corp. · GOLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Magnus Holdings Co., Ltd.
Director · 10% Owner
Fila Korea Co., Ltd.
Director · 10% Owner
Period of report
Oct 28, 2016
Accepted (ET)
Oct 28, 2016 · 6:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001672013
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | holding | — | — | — | 39,345,151 | I | See explanation of responses |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Magnus Holdings Co., Ltd., directly holds 39,345,151 shares. The sole shareholder of Magnus Holdings Co., Ltd. is Fila Korea Co., Ltd. Because of Fila Korea Co., Ltd.'s relationship to Magnus Holdings Co., Ltd., Fila Korea Co., Ltd. may be deemed to beneficially own the shares directly held by Magnus Holdings Co., Ltd.
- F2Magnus Holdings Co., Ltd. and Fila Korea Co., Ltd. (together, the "Reporting Persons") disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
- F3Solely for the purposes of Section 16 of the Exchange Act, each of Magnus Holdings Co., Ltd. and Fila Korea Co., Ltd. may be deemed a director-by-deputization by virtue of the fact that (i) Yoon Soo Yoon is the Chairman of the Board of Directors of Acushnet Holdings Corp. and Chief Executive Officer of Fila Korea Co., Ltd. and (ii) Jennifer Estabrook is a Director on the Board of Directors of Acushnet Holdings Corp. and Chief Operating Officer of Fila USA, an affiliate of Fila Korea Co., Ltd. As a result of his role at Fila Korea Co., Ltd., Mr. Yoon may be deemed to be the beneficial owner and have voting and dispositive power with respect to the shares directly held by Magnus Holdings Co., Ltd. Mr. Yoon disclaims beneficial ownership over the shares held by Magnus Holdings Co., Ltd., except to the extent of his pecuniary interest therein.
Remarks
(4) The Reporting Persons are jointly filing this Form 3 pursuant to Rule 16a-3(j) under the Exchange Act.