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Topgolf Callaway Brands Director Resigns Amid Board Restructuring

Story Highlights
  • C. Matthew Turney resigned as a director of Topgolf Callaway Brands on December 2, 2025.
  • The board reduced its size to nine directors as Dundon considers appointing a new director.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Topgolf Callaway Brands Director Resigns Amid Board Restructuring

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Topgolf Callaway Brands ( (MODG) ) has issued an announcement.

On December 2, 2025, C. Matthew Turney resigned as a director of Topgolf Callaway Brands Corp. due to his departure from Dundon Capital Partners, not due to any disagreements with the company. Following his resignation, the board decided to reduce its size to nine directors, while Dundon Capital Partners evaluates its options to appoint a new director under the Stockholders Agreement.

The most recent analyst rating on (MODG) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Topgolf Callaway Brands stock, see the MODG Stock Forecast page.

Spark’s Take on MODG Stock

According to Spark, TipRanks’ AI Analyst, MODG is a Neutral.

The overall stock score is primarily influenced by financial performance challenges, including negative revenue growth and profitability issues. Technical analysis provides a positive outlook with strong momentum, but valuation concerns due to a negative P/E ratio and lack of dividend yield weigh heavily. The positive sentiment from the earnings call is not factored into the score due to its exclusion from the weighted calculation.

To see Spark’s full report on MODG stock, click here.

More about Topgolf Callaway Brands

Topgolf Callaway Brands Corp. operates in the leisure and sports industry, focusing on golf-related entertainment and equipment. The company is known for its innovative golfing experiences and products, catering to both casual and professional golf enthusiasts.

Average Trading Volume: 2,613,916

Technical Sentiment Signal: Hold

Current Market Cap: $2.17B

See more insights into MODG stock on TipRanks’ Stock Analysis page.

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