MAK Capital Amends Agilysys Stake Filing
Ticker: AGYS · Form: SC 13D/A · Filed: Jun 20, 2024 · CIK: 78749
| Field | Detail |
|---|---|
| Company | Agilysys Inc (AGYS) |
| Form Type | SC 13D/A |
| Filed Date | Jun 20, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $95.4379, $93.0715, $93.795, $92.8845, $91.5926 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: AGYS
TL;DR
MAK Capital just updated their Agilysys filing - ownership change incoming.
AI Summary
MAK Capital One LLC, along with its group members MAK Capital Fund LP and Michael A. Kaufman, filed an amendment (No. 25) to their Schedule 13D on June 20, 2024, regarding their holdings in Agilysys, Inc. The filing indicates a change in their beneficial ownership of the company's common stock.
Why It Matters
This filing updates the market on significant changes in beneficial ownership for Agilysys, Inc., which could influence investor sentiment and stock price.
Risk Assessment
Risk Level: medium — Schedule 13D filings often signal activist investor intentions or significant shifts in major holdings, which can introduce volatility.
Key Numbers
- 25 — Amendment Number (Indicates this is the 25th update to the filing.)
Key Players & Entities
- MAK CAPITAL ONE LLC (company) — Filing entity
- MAK CAPITAL FUND LP (company) — Group member
- MICHAEL A. KAUFMAN (person) — Group member
- AGILYSYS INC (company) — Subject company
FAQ
What is the primary purpose of this SC 13D/A filing?
This filing is an amendment (No. 25) to Schedule 13D, used to report changes in beneficial ownership of securities.
Who are the main entities involved in this filing?
The filing involves MAK Capital One LLC, MAK Capital Fund LP, Michael A. Kaufman, and the subject company Agilysys, Inc.
When was this amendment filed?
This amendment was filed on June 20, 2024.
What is the CUSIP number for Agilysys, Inc. common stock mentioned in the filing?
The CUSIP number for Agilysys, Inc. common stock is 00847J105.
What is the business address of Agilysys, Inc. as listed in the filing?
The business address of Agilysys, Inc. is 3655 Brookside Parkway, Suite 300, Alpharetta, GA 30022.
Filing Stats: 1,467 words · 6 min read · ~5 pages · Grade level 7.5 · Accepted 2024-06-20 17:21:46
Key Financial Figures
- $95.4379 — d Price per Share 6- 5-2024 28,429 $95.4379 6- 6-2024 28,018 $93.0715 6- 7-20
- $93.0715 — 28,429 $95.4379 6- 6-2024 28,018 $93.0715 6- 7-2024 66,795 $93.795 6-10-202
- $93.795 — 28,018 $93.0715 6- 7-2024 66,795 $93.795 6-10-2024 25,747 $92.8845 6-11-20
- $92.8845 — 4 66,795 $93.795 6-10-2024 25,747 $92.8845 6-11-2024 14,265 $91.5926 6-12-20
- $91.5926 — 25,747 $92.8845 6-11-2024 14,265 $91.5926 6-12-2024 33,933 $92.7502 6-13-20
- $92.7502 — 14,265 $91.5926 6-12-2024 33,933 $92.7502 6-13-2024 21,137 $90.7095 6-14-20
- $90.7095 — 33,933 $92.7502 6-13-2024 21,137 $90.7095 6-14-2024 38,539 $90.8484 6-17-20
- $90.8484 — 21,137 $90.7095 6-14-2024 38,539 $90.8484 6-17-2024 45,665 $92.442 6-20-202
- $92.442 — 38,539 $90.8484 6-17-2024 45,665 $92.442 6-20-2024 44,029 $93,849 7
- $93,849 — 4 45,665 $92.442 6-20-2024 44,029 $93,849 7
Filing Documents
- agilysys_13da25.htm (SC 13D/A) — 86KB
- 0001019056-24-000202.txt ( ) — 87KB
(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 1,403,471 Shares. 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 20, 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 since June 4, 2024, the last day included on Amendment 24 of this Schedule 13D. All of the sales listed below were effected by MAK Capital for the MAK Fund (with the reported price per share being a weighted average) and were pursuant to the 2024 10b5-1 Trading Plan. Date Sold Shares Sold Price per Share 6- 5-2024 28,429 $95.4379 6- 6-2024 28,018 $93.0715 6- 7-2024 66,795 $93.795 6-10-2024 25,747 $92.8845 6-11-2024 14,265 $91.5926 6-12-2024 33,933 $92.7502 6-13-2024 21,137 $90.7095 6-14-2024 38,539 $90.8484 6-17-2024 45,665 $92.442 6-20-2024 44,029 $93,849 7