On April 3, 2023, Sean Sullivan accepted an offer from Acushnet Holdings Corp. to become its Executive Vice President and Chief Financial Officer. Mr. Sullivan is expected to be appointed to such position by the Company's board of directors, effective June 1, 2023.

In connection with his acceptance of such offer of employment, Mr. Sullivan informed the Company of his intent to resign from the Board, effective June 1, 2023. Thomas Pacheco, the Company's current Executive Vice President, Chief Financial Officer and Chief Accounting Officer, will resign from his position (as previously disclosed in the Company's March 24, 2023 8-K filing), effective as of June 1, 2023, but will remain with the Company in a transitional role until August 15, 2023. Mr. Sullivan currently serves as Executive Vice President and Chief Financial Officer of SiriusXM Holdings Inc., a position he has held since October 2020.

Prior to joining SiriusXM Holdings Inc., Mr. Sullivan served as Executive Vice President and Chief Financial Officer of AMC Networks Inc. from 2011 to 2020. Mr. Sullivan served as Chief Financial Officer of HiT Entertainment from 2009 to 2010 and Chief Financial Officer and President of Commercial Print and Packaging division of Cenveo Inc. from 2005 to 2008. Mr. Sullivan has been on the Company's Board since October 2016.