---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-058830"
form_type: "8-K"
ticker: "AGYS"
cik: "0000078749"
company_name: "AGILYSYS INC"
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:53:55.562874+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Agilysys announces mandatory conversion of all Series A convertible preferred stock to common shares

## Summary
- Mandatory conversion of all outstanding 5.25% Series A Convertible Preferred Stock effective November 24, 2023.
- Conversion price and liquidation preference set at $20.1676 per share as of November 3, 2023.
- Settlement scheduled for November 28, 2023; holders may voluntarily convert before November 21, 2023.
- After mandatory conversion, all preferred stock rights terminate, including dividend accruals.

## SEC filing metadata
- accession: 0000950170-23-058830
- form_type: 8-K
- ticker: AGYS
- cik: 0000078749
- company_name: AGILYSYS INC
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78749/000095017023058830/0000950170-23-058830-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78749/000095017023058830/agys-20231103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-058830
- JSON: https://secwatch.observer/filing/0000950170-23-058830.json
- Plain text: https://secwatch.observer/filing/0000950170-23-058830.txt

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