AGILYSYS, INC. (NASDAQ:AGYS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Effective January 2, 2017, James H. Dennedy’s employment as President and Chief Executive Officer of Agilysys, Inc. (the “Company”) terminated. The Company and Mr. Dennedy are currently negotiating the terms of separation.
On January 3, 2017, Mr. Dennedy resigned from the Company’s Board of Directors, and Ramesh Srinivasan, the Company’s new Chief Executive Officer, was appointed as a member of the Company’s Board of Directors. As an employee of the Company, Mr. Srinivasan will not receive any additional compensation for his service as a director. Mr. Srinivasan has not been appointed to any committees of the Board of Directors at this time.
About AGILYSYS, INC. (NASDAQ:AGYS)
Agilysys, Inc. is a technology company. The Company provides software for point-of-sale (POS), property management, inventory and procurement, workforce management, analytics, document management, and mobile and wireless solutions and services to the hospitality industry. The Company serves four market sectors: gaming, both corporate and tribal; hotels, resorts and cruise; foodservice management, and restaurants, universities, stadia and healthcare. The Company is a developer and marketer of software enabled solutions and services to the hospitality industry, including hardware and software products; support, maintenance and subscription services, and professional services. The rGuest platform is designed to run as a Software-as-a-Service (SaaS)-based platform on the public cloud, private cloud, on-premise or in a hybrid configuration. The rGuest platform includes various in-market solutions, such as rGuest Stay, rGuest Buy, rGuest Seat, rGuest Pay and rGuest Analyze. AGILYSYS, INC. (NASDAQ:AGYS) Recent Trading Information
AGILYSYS, INC. (NASDAQ:AGYS) closed its last trading session up +0.02 at 10.65 with 38,403 shares trading hands.