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8-K filed September 13, 2023, 7:59 PM ET ticker AGYS CIK 0000078749
other material confidence high sentiment neutral materiality 0.35

Agilysys amends charter to exculpate officers from certain fiduciary duty claims

AGILYSYS INC

item 5.03item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

AGILYSYS INC: On September 11, 2023, Agilysys, Inc. filed a certificate of amendment to its Certificate of Incorporation to provide exculpation from liability for certain officers and make non-substantive changes to director exculpatory provisions, following stockholder approval on August 21, 2023 (effective 2023-09-11).

Change
charter amendment
Effective
2023-09-11
Exact text from the filing
On September 11, 2023, Agilysys, Inc. (the “Company”), filed a certificate of amendment (the “Charter Amendment”) to its Certificate of Incorporation to (i) provide exculpation from liability for certain officers of the Company from certain claims of breach of the fiduciary duty of care, similar to protections currently available to directors of the Company and (ii) make certain non-substantive changes to the phrasing of the existing exculpatory provisions for directors, in conformance with contemporary norms for peer corporations incorporated in the State of Delaware.
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Source: SEC EDGAR
accession 0000950170-23-047865
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