ACUSHNET HOLDINGS CORP., DEF 14A filed on 4/18/2025
Proxy Statement (definitive)
v3.25.1
Cover
 12 Months Ended
Dec. 31, 2024
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name Acushnet Holdings Corp.
Entity Central Index Key 0001672013
v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary Compensation Table Total
for PEO(1)
($)
Compensation Actually Paid
to PEO(1)(3)
($)
Avg. Summary
Compensation Table Total for
Non-PEO NEOs(2)
($)
Avg.
Compensation Actually Paid to Non-PEO NEOs(2)(3)
($)
Value of Initial Fixed $100 Investment Based on:
Net Income(5)
($)
Adjusted EBITDA(6)
($)
Total Shareholder Return
($)
Peer
Group(4) Total Shareholder Return
($)
20249,741,87611,904,7883,021,7963,394,172236.09115.95214,298404,448
20238,838,71717,884,1843,659,1975,189,793207.15123.22198,429376,138
20226,251,4753,428,8811,867,7451,166,106137.18103.89199,278338,408
20218,092,22522,206,7572,288,2305,171,829168.75147.06178,873328,337
20206,793,7498,875,8031,975,0662,399,933127.18120.1996,006233,184
        
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote David Maher was the PEO for all five years in the table.The Non-PEO NEOs for whom the Summary Compensation Table total average compensation is presented are: for 2024, Sean Sullivan, Mary Louise Bohn, Steven Pelisek and Christopher Lindner; for 2023, Sean Sullivan, Thomas Pacheco, Mary Louise Bohn, Steven Pelisek and Christopher Lindner; and for 2022, 2021 and 2020, Thomas Pacheco, Mary Louise Bohn, Steven Pelisek and Christopher Lindner.        
Peer Group Issuers, Footnote The selected peer group, the S&P Consumer Apparel & Durables, is the same peer group used for performance comparisons under Item 201(e) of Regulation S-K in our Annual Report on Form 10-K, filed with the SEC on February 27, 2025.        
PEO Total Compensation Amount $ 9,741,876 $ 8,838,717 $ 6,251,475 $ 8,092,225 $ 6,793,749
PEO Actually Paid Compensation Amount $ 11,904,788 17,884,184 3,428,881 22,206,757 8,875,803
Adjustment To PEO Compensation, Footnote Amounts deducted from the Summary Compensation Table (“SCT”) total to calculate CAP to the PEO and the Non-PEO NEOs, respectively, for the years 2024, 2023, 2022, 2021 and 2020 are set forth in the tables below. The dollar amount of CAP is determined under SEC rules and does not reflect the actual amount of compensation earned by or paid to our PEO, or our Non-PEO NEOs as a group, for the applicable year.
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YearSummary Compensation Table Total
($)		Summary Compensation
Table Value of Equity Awards
($)		Summary Compensation Table Change in Pension Value
($)		Change in Value of Equity Awards
($)		Pension Service Cost
($)		PEO CAP (a-b-c+d+e)
($)
20249,741,876-5,750,032-1,240,5178,826,251327,21011,904,788
20238,838,717-5,000,048-965,03714,694,656315,89617,884,184
20226,251,475-4,000,052—748,854428,6033,428,881
20218,092,225-3,500,068-1,444,37218,717,572341,39922,206,757
20206,793,749-3,300,025-1,448,8126,534,626296,2658,875,803
Year2020
($)		2021
($)		2022
($)		2023
($)		2024
($)
SCT Total Compensation6,793,7498,092,2256,251,4758,838,7179,741,876
Less: Stock Award Values Reported in SCT for Covered Year-3,300,025-3,500,068-4,000,052-5,000,048-5,750,032
Plus: Fair Value of Stock Granted in Covered Year5,297,0376,617,0063,909,1447,727,4726,613,339
Change in Fair Value of Outstanding Unvested Stock Awards from Prior Years1,047,2255,858,498-2,888,5584,970,8621,826,915
Change in Fair Value of Outstanding Unvested Stock Awards from Prior Years that Vested in Covered Year190,3636,242,069-271,7311,996,322385,997
Less: Change in Value of Pension Benefits in Covered Year-1,448,812-1,444,372—-965,037-1,240,517
Plus: Pension Service Cost for Covered Year296,265341,399428,603315,896327,210
Compensation Actually Paid8,875,80322,206,7573,428,88117,884,18411,904,788
        
Non-PEO NEO Average Total Compensation Amount $ 3,021,796 3,659,197 1,867,745 2,288,230 1,975,066
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,394,172 5,189,793 1,166,106 5,171,829 2,399,933
Adjustment to Non-PEO NEO Compensation Footnote Amounts deducted from the Summary Compensation Table (“SCT”) total to calculate CAP to the PEO and the Non-PEO NEOs, respectively, for the years 2024, 2023, 2022, 2021 and 2020 are set forth in the tables below. The dollar amount of CAP is determined under SEC rules and does not reflect the actual amount of compensation earned by or paid to our PEO, or our Non-PEO NEOs as a group, for the applicable year.
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YearSummary Compensation Table Total
($)		Summary Compensation
Table Value of Equity Awards
($)		Summary Compensation Table Change in Pension Value
($)		Change in Value of Equity Awards
($)		Pension Service Cost
($)		Non-PEO NEO CAP (a-b-c+d+e)
($)
20243,021,796-1,375,061-508,8862,201,47754,8463,394,172
20233,659,197-2,186,108-200,8103,873,86943,6445,189,793
20221,867,745-950,053—180,12668,2871,166,106
20212,288,230-787,552-320,0893,914,66276,5785,171,829
20201,975,066-775,016-345,9791,473,63872,2242,399,933
Year2020
($)		2021
($)		2022
($)		2023
($)		2024
($)
SCT Total Compensation1,975,0662,288,2301,867,7453,659,1973,021,796
Less: Stock Award Values Reported in SCT for Covered Year-775,016-787,552-950,053-2,186,108-1,375,061
Plus: Fair Value of Stock Granted in Covered Year1,246,0021,484,634921,7002,662,9371,586,063
Change in Fair Value of Outstanding Unvested Stock Awards from Prior Years164,7041,330,225-682,305810,215495,906
Change in Fair Value of Outstanding Unvested Stock Awards from Prior Years that Vested in Covered Year62,9321,099,802-59,269400,718119,507
Less: Change in Value of Pension Benefits in Covered Year-345,979-320,089—-200,810-508,886
Plus: Pension Service Cost for Covered Year72,22476,57868,28743,64454,846
Compensation Actually Paid2,399,9335,171,8291,166,1065,189,7933,394,172
        
Compensation Actually Paid vs. Total Shareholder Return
The Company’s TSR has exceeded the S&P 500 Consumer Durables & Apparel Index's TSR (which we use as our peer group TSR) over the prior five-year period. The CAP of the Company's PEO and Non-PEO NEOs, as a group, was directionally aligned with the Company's TSR over the five-year period. The 2021 and 2023 CAP figures reflect significant stock price appreciation during such years together with above-target achievement of the Company's short and long-term incentive program targets.
3690
        
Compensation Actually Paid vs. Net Income
Pay vs. Performance: Net Income and Adjusted EBITDA
3744
        
Compensation Actually Paid vs. Company Selected Measure
Pay vs. Performance: Net Income and Adjusted EBITDA
3744
        
Total Shareholder Return Vs Peer Group
The Company’s TSR has exceeded the S&P 500 Consumer Durables & Apparel Index's TSR (which we use as our peer group TSR) over the prior five-year period. The CAP of the Company's PEO and Non-PEO NEOs, as a group, was directionally aligned with the Company's TSR over the five-year period. The 2021 and 2023 CAP figures reflect significant stock price appreciation during such years together with above-target achievement of the Company's short and long-term incentive program targets.
3690
        
Tabular List, Table
Financial MetricRationale
Adjusted EBITDAMeasures the Company's profitability
Operating IncomeMeasures how profitably management operated the Company over a longer time period and is distinct from the profitability metric used in cash incentive plan
ROICMeasures the efficiency of the Company's deployment of capital
        
Total Shareholder Return Amount $ 236.09 207.15 137.18 168.75 127.18
Peer Group Total Shareholder Return Amount 115.95 123.22 103.89 147.06 120.19
Net Income (Loss) $ 214,298,000 $ 198,429,000 $ 199,278,000 $ 178,873,000 $ 96,006,000
Company Selected Measure Amount 404,448,000 376,138,000 338,408,000 328,337,000 233,184,000
PEO Name David Maher        
Additional 402(v) Disclosure Reflects net income of the Company (in thousands) reported in our Annual Report on Form 10-K for the applicable fiscal year.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description Reflects the Company’s Adjusted EBITDA (in thousands), which is our company selected measure (“CSM”) as we believe it represents the most important financial performance measure used to link CAP to our NEOs to Company performance. Please see “Compensation Discussion and Analysis-Components of our Executive Compensation Program-Annual Cash Incentives” for information on how the Company determines Adjusted EBITDA.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Operating Income        
Measure:: 3          
Pay vs Performance Disclosure          
Name ROIC        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,240,517) $ (965,037) $ 0 $ (1,444,372) $ (1,448,812)
PEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 327,210 315,896 428,603 341,399 296,265
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,750,032) (5,000,048) (4,000,052) (3,500,068) (3,300,025)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 8,826,251 14,694,656 748,854 18,717,572 6,534,626
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,613,339 7,727,472 3,909,144 6,617,006 5,297,037
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,826,915 4,970,862 (2,888,558) 5,858,498 1,047,225
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 385,997 1,996,322 (271,731) 6,242,069 190,363
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (508,886) (200,810) 0 (320,089) (345,979)
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 54,846 43,644 68,287 76,578 72,224
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,375,061) (2,186,108) (950,053) (787,552) (775,016)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,201,477 3,873,869 180,126 3,914,662 1,473,638
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,586,063 2,662,937 921,700 1,484,634 1,246,002
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 495,906 810,215 (682,305) 1,330,225 164,704
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 119,507 $ 400,718 $ (59,269) $ 1,099,802 $ 62,932
v3.25.1
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2024
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
The Compensation Committee does not schedule equity award grant dates in anticipation of the release of material non-public information, and the Company does not have any plans, programs or practices of timing the release of material non-public information in order to affect the value of executive compensation.
Award Timing Method
The Compensation Committee does not schedule equity award grant dates in anticipation of the release of material non-public information, and the Company does not have any plans, programs or practices of timing the release of material non-public information in order to affect the value of executive compensation.
Award Timing MNPI Considered true
Award Timing, How MNPI Considered
The Compensation Committee does not schedule equity award grant dates in anticipation of the release of material non-public information, and the Company does not have any plans, programs or practices of timing the release of material non-public information in order to affect the value of executive compensation.
MNPI Disclosure Timed for Compensation Value false
v3.25.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true