{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-007885","form_type":"8-K","ticker":"AGYS","cik":"0000078749","company_name":"AGILYSYS INC","filed_at":"2023-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.087310+00:00","generated_at":"2026-06-18T04:04:28.285031+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Agilysys enters new employment agreement with CEO Ramesh Srinivasan, base salary $600k and performance RSUs","bullets":["CEO Ramesh Srinivasan gets three-year initial term with $600,000 annual base salary, eligible for bonus up to 150% of base.","Grant of 67,856 restricted stock units valued at $5.4 million; half vest time-based over three years.","Performance-based RSUs vest if AGYS stock hits $100 (First Tranche: 21,035 RSUs) or $115 (Second Tranche: 12,893 RSUs) for 20 consecutive trading days.","Severance includes two years' base salary plus two times target bonus, COBRA coverage, and equity acceleration on termination without cause or for good reason."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-007885","json":"https://secwatch.observer/filing/0000950170-23-007885.json","markdown":"https://secwatch.observer/filing/0000950170-23-007885.md","text":"https://secwatch.observer/filing/0000950170-23-007885.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/78749/000095017023007885/0000950170-23-007885-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/78749/000095017023007885/agys-20230310.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T04:04:28.285031+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}