On June 5, 2023, the board of directors of the Acushnet Holdings Corp. appointed Nicholas Mohamed, its Vice President and Controller, as the Company's Principal Accounting Officer, effective immediately. Mr. Mohamed assumes the role previously held by Thomas Pacheco, the Company's current Executive Vice President, who resigned from his position as Chief Financial Officer and Chief Accounting Officer, effective as of June 1, 2023.

Mr. Pacheco will remain with the Company in a transitional role until July 7, 2023. Prior to joining the Company in April 2023, Mr. Mohamed, 47, served as the Global Controller of Converse Inc. from February 2021 to April 2023. From 2016 through February 2021, Mr. Mohamed was Converse Inc.'s Global Accounting Director.

Prior to that, Mr. Mohamed served as Senior Finance Executive of Media General Inc. in 2015, as Vice President, Controller of LIN Media LLC from 2009 to 2014 and as Director, Finance Mergers and Acquisitions at Sensata Technologies Inc. from 2007-2008. Also on June 5, 2023, the Board accepted the resignation of Mr. Gregory Hewett from the Board's Compensation Committee and appointed him to serve as a member of the Nominating and Corporate Governance Committee of the Board. Mr. Hewett was also appointed chairman of the Audit Committee of the Board, replacing Mr. Sean Sullivan, who resigned from the Board effective June 1, 2023 and is now the Company's Executive Vice President and Chief Financial Officer.