Carlsbad-based Callaway Golf Co. recently added a director to its board, declared a quarterly dividend and announced it was bringing a new line of golf clubs to market.
The new board member is Linda B. Segre, 55, an executive with San Francisco-based Diamond Foods. The selection increases the number of board members from eight to nine. Segre will stand for election in 2016.
Callaway (NYSE: ELY) declared a dividend of a penny a share, payable on Sept. 11 to shareholders of record on Aug. 21.
The business also introduced several new products, including the Great Big Bertha Driver and Fairway Woods. Priced at $449.99 and $249.99 respectively, the products will be available at retail on Aug. 28.
The Big Bertha Alpha 816 Double Black Diamond Driver and Big Bertha Alpha 816 Fairways Woods — meant for better players — will be available Sept. 18 and will sell for $499.99 and $299.99 respectively.
Segre, the new board member, was a touring golf professional from 1981 to 1985.
She is now executive vice president, chief strategy officer and chief people officer at Diamond Food (Nasdaq: DMND). Diamond, which reported $865 million in 2014 revenue, makes a line of snack foods, including Kettle Brand chips and Pop Secret popcorn. It sells almonds, walnuts, pecans and other nuts under the Diamond name.