MAK Capital Amends Agilysys Stake Filing
Ticker: AGYS · Form: SC 13D/A · Filed: Jun 4, 2024 · CIK: 78749
| Field | Detail |
|---|---|
| Company | Agilysys Inc (AGYS) |
| Form Type | SC 13D/A |
| Filed Date | Jun 4, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $103.3398, $100.1243 |
| Sentiment | neutral |
Sentiment: neutral
Topics: schedule-13d, amendment, shareholder-filing
Related Tickers: AGYS
TL;DR
MAK Capital filed an update on their Agilysys stake - check for new moves.
AI Summary
MAK Capital One LLC, along with its affiliates MAK Capital Fund LP and Michael A. Kaufman, filed an amendment (No. 24) to their Schedule 13D on June 4, 2024, regarding their holdings in Agilysys, Inc. The filing indicates a change in beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. The group previously held a significant stake in the company.
Why It Matters
This amendment signals potential shifts in significant shareholder positions, which could influence Agilysys's stock performance and corporate strategy.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, introducing potential volatility.
Key Numbers
- 24 — Amendment Number (Indicates this is the 24th update to the filing.)
Key Players & Entities
- MAK CAPITAL ONE LLC (company) — Filing entity
- MAK CAPITAL FUND LP (company) — Affiliated entity
- MICHAEL A. KAUFMAN (person) — Affiliated individual
- AGILYSYS INC (company) — Subject company
- 20240604 (date) — Filing date
FAQ
What specific changes in beneficial ownership are detailed in this amendment?
This excerpt does not specify the exact changes in beneficial ownership or the new percentage of shares held by MAK Capital One LLC and its affiliates.
When was this amendment filed with the SEC?
This amendment was filed on June 4, 2024.
Who are the primary entities involved in this filing?
The primary entities are MAK Capital One LLC, MAK Capital Fund LP, Michael A. Kaufman, and the subject company Agilysys, Inc.
What is the CUSIP number for Agilysys, Inc. common stock?
The CUSIP number for Agilysys, Inc. common stock is 00847J105.
What is the business address of Agilysys, Inc.?
The business address of Agilysys, Inc. is 3655 Brookside Parkway, Suite 300, Alpharetta, GA 30022.
Filing Stats: 1,495 words · 6 min read · ~5 pages · Grade level 7.6 · Accepted 2024-06-04 17:54:08
Key Financial Figures
- $103.3398 — d Price per Share 5-24-2024 39,955 $103.3398 5-28-2024 116,653 $100.1243 5-29-
- $100.1243 — 39,955 $103.3398 5-28-2024 116,653 $100.1243 5-29-2024 54,124 $ 96.8043 5-30-2
Filing Documents
- agilysys_13da24.htm (SC 13D/A) — 87KB
- 0001019056-24-000189.txt ( ) — 89KB
(b) is amended as
Item 5 (b) is amended as follows: Each of the MAK Fund, MAK Capital and Mr. Kaufman share voting power and investment power with respect to the 1,705,999 Shares held by the MAK Fund. The information contained in rows 7 to 11 on each of the cover pages is incorporated by reference in its entirety. Item 5(c) is amended as follows: The transactions effected by the Reporting Persons during the last 60 days are set for the on Schedule A hereto which is incorporated herein by reference in its entirety. 5
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned each certify that the information with respect to it set forth in this statement is true, complete and correct. Date: June 4, 2024 MAK CAPITAL FUND LP By: MAK GP LLC, general partner By: /s/ Michael A. Kaufman Michael A. Kaufman, Managing Member MAK CAPITAL ONE L.L.C. By: /s/ Michael A. Kaufman Michael A. Kaufman, Managing Member By: /s/ Michael A. Kaufman MICHAEL A. KAUFMAN 6 SCHEDULE A RECENT TRANSACTIONS The following transactions in the Shares of Common Stock were effected by the Reporting Persons during the last 60 days. In connection with Mr. Kaufman’s service as a director of the Issuer, on May 21, 2024 the Issuer awarded him 968 restricted Shares under the Issuer’s 2020 Equity Inventive Plan, a shareholder approved Section 16b-3 plan. The restricted Shares vest on March 31, 2025. In addition to the restricted Share award to Mr. Kaufman, pursuant to the 2024 10b5-1 Trading Plan, the following sales were effected by MAK Capital for the MAK Fund (with the reported price per share being a weighted average): Date Sold Shares Sold Price per Share 5-24-2024 39,955 $103.3398 5-28-2024 116,653 $100.1243 5-29-2024 54,124 $ 96.8043 5-30-2024 27,796 $ 94.5888 5-31-2024 39,428 $ 94.4083 6-3-2024 47,562 $ 93.5949 6-4-2024 28,941 $ 92.7580 7