Agilysys CEO Ramesh Srinivasan signs new three-year employment agreement
Agilysys, Inc. entered a new employment agreement on June 18, 2026 with CEO and President Ramesh Srinivasan, setting a three-year initial term with automatic one-year renewals. The package includes a $600,000 base salary and a grant of 78,269 restricted stock units valued at $6.8 million, half of which are tied to stock price targets of $105, $120 and $135 per share.
Key points
- Base salary of $600,000 per year; target annual bonus equal to base salary, with a maximum of 150% of base salary, payable in shares
- RSU grant of 78,269 units on June 18, 2026, equal to $6.8 million divided by the 20-day VWAP on that date
- Half of the grant (39,135 RSUs) is performance-based, vesting in thirds at 20-day VWAP targets of $105, $120 and $135 per share, subject to continued employment through the second anniversary of the grant date
- Severance on termination without cause, for good reason, or after certain non-renewal notice includes two years of base salary and two times target bonus shares
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 22, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.