secwatch.observer — SEC 8-K summary
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Issuer:     AGILYSYS INC (AGYS)
CIK:        0000078749
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0000950170-23-058830
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78749/000095017023058830/0000950170-23-058830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78749/000095017023058830/agys-20231103.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-058830

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer