Form 8-K - Current report
September 13 2023 - 12:38PM
Edgar (US Regulatory)
--03-310000078749false00000787492023-09-112023-09-11
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): September 11, 2023 |
AGILYSYS, INC.
(Exact name of Registrant as Specified in Its Charter)
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Delaware |
000-5734 |
34-0907152 |
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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3655 Brookside Parkway Suite 300 |
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Alpharetta, Georgia |
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30022 |
(Address of Principal Executive Offices) |
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(Zip Code) |
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Registrant’s Telephone Number, Including Area Code: 770 810-7800 |
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s) |
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Name of each exchange on which registered
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Common Stock, without par value |
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AGYS |
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Nasdaq Global Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
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. The Charter Amendment was previously approved by the Company’s Board of Directors, subject to stockholder approval, and was subsequently approved by the Company’s stockholders at the Company’s 2023 Annual Meeting of Stockholders on August 21, 2023.
The foregoing description of the Charter Amendment is not complete and is qualified in its entirety by reference to the full text of the Charter Amendment, a copy of which is attached hereto as Exhibit 3.2 and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
The following items are filed as exhibits to this current report on Form 8-K:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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AGILYSYS, INC. |
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Date: |
September 13, 2023 |
By: |
/s/ Kyle C. Badger |
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Kyle C. Badger Senior Vice President, General Counsel and Secretary |
Exhibit 3.2
CERTIFICATE OF AMENDMENT OF
THE CERTIFICATE OF INCORPORATION OF
AGILYSYS, INC.
Agilysys, Inc. (the “Corporation”), a corporation organized and existing under the laws and by virtue of the General Corporation Law of the State of Delaware,
DOES HEREBY CERTIFY:
1.This Certificate of Amendment (the “Certificate of Amendment”) amends the Certificate of Incorporation of the Corporation (the “Certificate of Incorporation”) filed with the Secretary of State of the State of Delaware on February 2, 2022, and has been duly adopted by the Board of Directors of the Corporation in accordance with Sections 141 and 242 of the General Corporation Law of the State of Delaware (the “DGCL”) and by the stockholders of the Corporation in accordance with Section 242 of the DGCL at an annual meeting held on August 21, 2023.
2.Article VII, Section 1 of the Certificate of Incorporation is hereby deleted in its entirety and replaced with the following:
“ARTICLE VII – LIMITATION OF DIRECTOR AND OFFICER LIABILITY
Section 1. To the fullest extent permitted by the DGCL as the same exists or as may hereafter be amended from time to time, a director or officer of the Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director or officer, provided that this provision shall not eliminate or limit the liability of (a) a director or officer for any breach of the director's or officer’s duty of loyalty to the Corporation or its stockholders, (b) a director or officer for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (c) a director under Section 174 of the DGCL, (d) a director or officer for any transaction from which the director or officer derived an improper personal benefit, or (e) an officer in any action by or in the right of the Corporation. If the DGCL is amended to authorize corporate action further eliminating or limiting the personal liability of directors or officers, then the liability of a director or officer of the Corporation shall be eliminated or limited to the fullest extent permitted by the DGCL, as so amended.”
3.Except as amended hereby, all other provisions of the Certificate of Incorporation shall remain in full force and effect.
[Remainder of this page intentionally left blank]
IN WITNESS WHEREOF, the Corporation has caused this Certificate of Amendment to be signed by Kyle C. Badger, its Senior Vice President, General Counsel and Secretary, this 11th day of September, 2023.
AGILYSYS, INC.
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By: |
/s/ Kyle C. Badger |
Name: |
Kyle C. Badger |
Title: |
Senior Vice President, General Counsel and Secretary |
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Sep. 11, 2023 |
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Document Period End Date |
Sep. 11, 2023
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Entity Registrant Name |
AGILYSYS, INC.
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Entity Central Index Key |
0000078749
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Entity Emerging Growth Company |
false
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Securities Act File Number |
000-5734
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Entity Incorporation, State or Country Code |
DE
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Entity Tax Identification Number |
34-0907152
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Entity Address, Address Line One |
3655 Brookside Parkway
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Entity Address, Address Line Two |
Suite 300
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Entity Address, City or Town |
Alpharetta
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Entity Address, State or Province |
GA
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Entity Address, Postal Zip Code |
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City Area Code |
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AGYS
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NASDAQ
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