---
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"
generated_at: "2026-06-18T04:04:28.285031+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Agilysys enters new employment agreement with CEO Ramesh Srinivasan, base salary $600k and performance RSUs

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-007885
- JSON: https://secwatch.observer/filing/0000950170-23-007885.json
- Plain text: https://secwatch.observer/filing/0000950170-23-007885.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.