Material Event Form 8 K

Item 8.01 Other Events.

On December 11, 2024, Topgolf International, Inc. ("Topgolf"), a wholly-owned subsidiary of Topgolf Callaway Brands Corp. (the "Company"), reported that it had completed the sale (the "Divestiture") of its mobile game subsidiary, World Golf Tour, LLC ("WGT").

The Divestiture aligns with Topgolf's strategic objective of innovating and improving on its core competency of bringing players joy through more ways to play the game of golf in its over 100 outdoor Topgolf venues worldwide. By divesting its interest in WGT, Topgolf will streamline its operations and plans to concentrate resources on further enhancing the player experience at its venues through innovation in venue-based gaming experiences.

Forward-Looking Statements

This Current Report on Form 8-Kcontains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. All statements other than statements of historical fact made herein are forward-looking statements, including without limitation statements about Topgolf's ability to streamline its operations and concentrate resources on enhancing the player experienceg Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including, without limitation, those risk factors set forth in Item 1A of the Company's Annual Report on Form 10-Kfiled with the Securities and Exchange Commission for the fiscal year ended December 31, 2023. Actual results may differ materially from those in the forward-looking statements as a result of various factors, many of which are beyond the Company's control. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.