AGILYSYS INC (AGYS) SEC Filings, Jun-Aug 2026

Agilysys, Inc. has a shareholder planning to sell up to 40,000 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services on NASDAQ. The shares were acquired via restricted stock vesting under a registered plan dated June 10, 2021.

Agilysys, Inc. (AGYS) filed a notice of proposed sales of common stock. The plan covers 66,205 common shares to be sold through Fidelity Brokerage Services LLC on or after August 5, 2026 on the NASDAQ market, with an indicated aggregate market value of $7,257,802.34. Shares outstanding are listed as 28,205,788, a baseline figure, not the amount being sold.

The shares derive from equity compensation: 11,309 shares from restricted stock vesting dated March 10, 2025, 49,926 shares from stock appreciation rights (SAR) dated May 28, 2024, and 4,970 shares from restricted stock vesting dated May 21, 2025, each identified as compensation granted by the issuer.

BlackRock, Inc. reports beneficial ownership of common stock of Agilysys, Inc., as disclosed in Amendment No. 17 to a Schedule 13G. BlackRock reports beneficial ownership of 4,020,550 shares of Agilysys common stock, representing 14.3% of the outstanding class.

BlackRock has sole voting power over 3,974,622 shares and sole dispositive power over 4,020,550 shares, with no shared voting or dispositive power. The interest of iShares Core S&P Small-Cap ETF in Agilysys common stock is stated to exceed five percent of the total outstanding common stock.

Agilysys, a hospitality software provider, reported solid growth for the quarter ended June 30, 2026. Net revenue rose to $87.7 million, up 14.3% year over year, led by 18.8% growth in subscription and maintenance revenue and 8.3% growth in professional services. Products revenue also increased modestly.

Gross profit increased to $55.7 million and margin improved to 63.5%, while operating income more than doubled to $9.7 million, an 11.1% margin. Net income was $9.0 million, or $0.32 per diluted share. Cash and cash equivalents reached $123.7 million with no borrowings outstanding under a $75 million revolving credit facility, and operating cash flow was $7.8 million. Remaining performance obligations for longer-term contracts totaled $153.0 million, providing multi‑year revenue visibility even as management notes that macroeconomic and geopolitical conditions are pressuring customer spending and costs.

Agilysys reported record fiscal 2027 first-quarter results, with total net revenue of $87.7 million, up 14.3% from $76.7 million a year earlier. Recurring revenue reached $57.7 million, 65.9% of total, as subscription revenue grew 26.1% year-over-year.

GAAP net income was $9.0 million ($0.32 diluted EPS) versus $4.9 million ($0.17) a year ago. Adjusted EBITDA was $18.3 million and adjusted diluted EPS was $0.49. Free cash flow improved to $7.3 million, and cash ended at $123.7 million.

Management raised full-year fiscal 2027 guidance, targeting total revenue of $368–$373 million and at least 32% subscription revenue growth, while maintaining an adjusted EBITDA goal of 24% of revenue.

Agilysys, Inc. is asking stockholders at its virtual 2026 annual meeting on September 2, 2026, to elect eight directors, approve on a non-binding advisory basis the compensation of named executive officers, and ratify Grant Thornton LLP as independent auditor for the fiscal year ending March 31, 2027.

Stockholders of record on July 6, 2026, when 28,198,382 common shares were outstanding, may vote by mail, telephone, internet, or during the meeting. The proxy describes governance practices, director independence, board and committee activity, stock ownership guidelines, and a pay program emphasizing performance-based incentives.

In fiscal 2026, net revenue rose 15% to a record $319.3 million, with adjusted EBITDA of $67.7 million (21.2% of net revenue). CEO Ramesh Srinivasan’s total compensation was $1,213,846, producing a 53:1 CEO-to-median-employee pay ratio, which will be subject to an advisory say-on-pay vote.

Agilysys, Inc. approved a new three-year employment agreement for Chief Executive Officer and President Ramesh Srinivasan, extending his leadership role with automatic one-year renewals unless either party gives 90 days’ notice.

The agreement keeps his annual base salary at $600,000, subject to increases, and targets an annual bonus equal to his base salary, with a maximum of up to 150% of salary, payable in performance-based common stock. On June 18, 2026, he received 78,269 restricted stock units valued at $6,800,000, split evenly between time-based and performance-based RSUs. Time-based RSUs vest mostly on the second anniversary of grant, with the remainder vesting quarterly, while performance RSUs vest in thirds if the twenty day VWAP reaches $105, $120, and $135 per share and he remains employed.

The agreement provides severance protections if he is terminated without Cause, resigns for Good Reason, or faces non-renewal, including two years of base salary, a multiple of his target bonus, COBRA-related cash payments, pro-rated bonus, and partial acceleration of time-based equity, with enhanced benefits if a qualifying termination occurs around a Change in Control.

AGYS filing reports proposed sale of Common Stock following restricted stock vesting.

The submission references 05/26/2026 as the restricted stock vesting date and shows a filing/processing date of 06/03/2026. The entry lists Fidelity Brokerage Services LLC as the broker of record on NASDAQ.

AGILYSYS SVP, GC and Secretary Kyle C. Badger sold a total of 3,000 shares of common stock in open-market transactions. He sold 1,000 shares at $92.51 per share and 2,000 shares at $92.17 per share. A footnote notes that, since his prior Form 4, he transferred 33,206 shares to his ex-spouse under a domestic relations order, and those shares are no longer beneficially owned by him.