---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-276749"
form_type: "8-K"
ticker: "AGYS"
cik: "0000078749"
company_name: "AGILYSYS INC"
filed_at: "2026-06-22T12:30:16+00:00"
generated_at: "2026-06-22T12:35:20.585714+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Agilysys enters new 3-year CEO employment agreement with Ramesh Srinivasan; $6.8M RSU grant

## Summary
- Base salary remains $600,000/year; target bonus 100% of base salary, max 150%, paid in stock.
- Equity grant of 78,269 RSUs ($6.8M): 50% time-based, 50% performance-based with stock price targets of $105, $120, $135.
- Initial term is three years with automatic one-year renewals unless 90-day non-renewal notice given.
- Severance: two years' base salary plus two times target bonus if terminated without cause or for good reason.
- Non-competition and non-solicitation obligations apply during employment and for 24 months after termination.

## SEC filing metadata
- accession: 0001193125-26-276749
- form_type: 8-K
- ticker: AGYS
- cik: 0000078749
- company_name: AGILYSYS INC
- filed_at: 2026-06-22T12:30:16+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78749/000119312526276749/0001193125-26-276749-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78749/000119312526276749/agys-20260622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-276749
- JSON: https://secwatch.observer/filing/0001193125-26-276749.json
- Plain text: https://secwatch.observer/filing/0001193125-26-276749.txt

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