AGYS Agilysys Inc

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 11, 2024

 

 

AGILYSYS, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware			000-5734	34-0907152
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
3655 Brookside Parkway Suite 300
Alpharetta, Georgia				30022
(Address of Principal Executive Offices)				(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 770 810-7800

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, without par value		AGYS		Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Directors

On December 5, 2024, the Board of Directors (the “Board”) of Agilysys, Inc. (the “Company”) increased the size of the Board from seven to eight members and appointed Lisa Pope to fill this newly created directorship. Ms. Pope is expected to be nominated for election by the Company’s stockholders at the 2025 annual stockholders meeting. No decisions have yet been made by the Board with respect to which committees, if any, Ms. Pope is expected to be named.

Ms. Pope has and will receive the standard compensatory and other arrangements provided to non-employee directors of the Company, including prorated portions of the Company’s standard (i) $40,000 annual cash retainer and (ii) annual equity retainer targeting a $100,000 value as of the date of grant for fiscal year 2025. Ms. Pope is also expected to enter into the Company’s customary agreements for directors, including the indemnification agreement in substantially the form filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 9, 2022.

There are no arrangements or understandings between Ms. Pope and any other persons pursuant to which Ms. Pope was selected as a director. There have been no related party transactions between the Company and Ms. Pope reportable under Item 404(a) of Regulation S-K.

Item 8.01 Other Events.

On December 11, 2024, the Company issued a press release announcing the addition of Ms. Pope to the Board, which includes biographical and other important information, a copy of which is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The following items are filed as exhibits to this current report on Form 8-K:

Exhibit Number		Description
99.1		Press Release issued by Agilysys, Inc. on December 11, 2024.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			AGILYSYS, INC.
Date:	December 11, 2024	By:	/s/ Kyle C. Badger
			Kyle C. Badger Senior Vice President, General Counsel and Secretary

 

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FOR IMMEDIATE RELEASE

AGILYSYS APPOINTS ENTERPRISE CLOUD SOFTWARE AND GO-TO-MARKET VETERAN LISA POPE TO ITS BOARD OF DIRECTORS

-- President of global cloud enterprise software company Epicor and seasoned vertical market strategy executive is tapped for her scale-up Software-As-A-Service (SaaS) expertise –

ALPHARETTA, GA (December 11, 2024) — Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of hospitality software solutions and services, today announced that on December 5, 2024, it increased the size of its Board of Directors from seven to eight members and appointed Lisa Pope to fill this newly created directorship. Ms Pope is expected to be nominated for election by the Company’s stockholders at its 2025 annual stockholders meeting.

Ms. Pope currently serves as President of Epicor, where she successfully led the global enterprise software company’s transition from a traditional on-premises software license operation to a cloud-first, subscription-based SaaS company, driving growth through both direct and indirect channels. Epicor serves more than 23,000 customers in 150 countries through a workforce of 4,600 personnel located in 34 countries, including the United States, the United Kingdom, United Arab Emirates, Australia, Canada, Mexico and China. Ms. Pope led a similar successful global growth transition to cloud solutions at Infor as Senior Vice President, Global Strategy and Sales, for Infor’s CloudSuite and Value Engineering industry-specific solutions across eight vertical markets, including hospitality. Infor delivers enterprise cloud solutions to more than 60,000 customers across 175 countries.

“Lisa is a highly talented SAAS-focused executive with a long history of successfully growing industry-tailored enterprise cloud solutions globally at scale,” said Agilysys Chairman of the Board Michael Kaufman. “Her experience makes Lisa an ideal candidate to help further our Board of Directors’ mission to significantly increase shareholder value in the years to come,” Mr. Kaufman added.

Agilysys President, Chief Executive Officer and Board Director Ramesh Srinivasan noted Ms. Pope’s experience shaping go-to-market success in global “land and expand” cloud software models in which the value of initial sales to new customers expands over time through upselling and cross-selling additional solutions on an end-to-end enterprise platform.

“Now that we have completed the cloud-native modernization of our end-to-end hospitality enterprise platforms for property management systems (PMS), omnichannel point-of-sale solutions (POS) and food-and-beverage inventory and procurement (F&B I&P) solutions, we are focused on accelerating global growth at scale,” Mr. Srinivasan emphasized. “Lisa is a global enterprise leader with proven experience accelerating new customer wins for companies that similarly have transitioned enterprise solutions to the cloud. Lisa has been instrumental in helping those companies achieve impressive global presence. We also

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appreciate her background driving customer success and retention to create ‘customer-for-life’ value,” Mr. Srinivasan added.

Ms. Pope serves on the Board of Directors for supplier risk management and recovery solutions provider apexanalytix, and previously helped create initial go-to-market plans for behavioral analytics software start-up Pretaa. Her more than 30 years of corporate leadership experience also includes leading go-to-market growth during manufacturing and supply chain solution provider QAD’s transition from on-premises licensed software to cloud-native SaaS as Senior Vice President, Global Sales Strategy. She also was the profit-and-loss owner for QAD’s North America Region. QAD grew revenue to approximately $340 million before being acquired in an approximately $2 billion cash transaction by private equity investment firm Thoma Bravo in 2021.

Noting how well her corporate executive experience aligns with growth opportunities facing Agilysys, Ms. Pope commented, “I am energized by the ‘scale in the cloud’ future for Agilysys. The similarities with respect to growth, customer engagement, technology transition and micro-vertical transformation between ‘what’s next’ for Agilysys and the global expansion initiatives I have led for similar technology-forward, scale-up companies make this Board of Directors position a perfect fit – not only with my proven expertise but also with the challenges I find most rewarding. I look forward to collaborating with my Board of Director colleagues and the Agilysys leadership team to scale to the next level.”

Ms. Pope was recognized for her customer-centric revenue growth success, ability to strategically lead and scale partnerships, and effective mentorship and women empowerment with the 2022 “Woman of the Year” Stevie Award for Sales and Customer Service, a global annual award honoring customer service, business development and executive sales leadership. She also was named the 2021 Silver Best in Biz Award for Sales Executive of the Year by a panel of judges from the Associated Press, Barron’s, Consumer Affairs, Inc., USA Today and Wired. Ms. Pope holds dual Bachelor of Arts degrees in Economics and in Communications and Media Studies from University of California, Santa Barbara.

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About Agilysys

Agilysys exclusively delivers state-of-the-art software solutions and services that help organizations achieve High Return Hospitality™ by maximizing Return on Experience (ROE) through interactions that make ‘personal’ profitable. Customers around the world use Agilysys Property Management Systems (PMS), Point-of-Sale (POS) solutions, Food & Beverage Inventory and Procurement (I&P) systems and accompanying hospitality ecosystem solutions to consistently delight guests, retain staff and grow margins. The Agilysys 100% hospitality customer base includes branded and independent hotels; multi-amenity resorts; casinos; property, hotel and resort management companies; cruise lines; corporate dining providers; higher education campus dining providers; food service management companies; hospitals; lifestyle communities; senior living facilities; stadiums; and theme parks. www.agilysys.com

 

Media NORAM: Jen Reeves, Agilysys, 770-810-6007, jennifer.reeves@agilysys.com

Media Rest-of-World: Alan Edwards/Champion +44 207 030 3818 agilysys@championcomms.com

Investors: Jessica Hennessy, Agilysys, 770-810-6116, investorrelations@agilysys.com

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v3.24.3

Document And Entity Information	Dec. 11, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Dec. 11, 2024
Entity Registrant Name	AGILYSYS, INC.
Entity Central Index Key	0000078749
Entity Emerging Growth Company	false
Entity File Number	000-5734
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	34-0907152
Entity Address, Address Line One	3655 Brookside Parkway
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Alpharetta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30022
City Area Code	770
Local Phone Number	810-7800
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, without par value
Trading Symbol	AGYS
Security Exchange Name	NASDAQ

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