Every material Form 8-K Agilysys filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Agilysys increased its board from seven to eight members on December 5, 2024, and appointed Lisa Pope to fill the new seat. Pope is currently president of enterprise software company Epicor and is expected to stand for election at the 2025 annual meeting. The filing describes a board addition, not a change in financial results or company strategy.
Board size increased from seven to eight members on December 5, 2024
Pope to receive prorated standard non-employee director pay for fiscal 2025, including a $40,000 annual cash retainer and an equity retainer targeting $100,000
No committee assignments have been decided; no related party transactions reported
Agilysys reported fiscal 2025 second-quarter results on October 28, 2024, with total net revenue up 16.5% to $68.3 million. The company raised its full-year fiscal 2025 revenue guidance to $280 million to $285 million, but GAAP net income fell to $1.4 million from $4.1 million a year earlier.
Total net revenue was $68.3 million, up from $58.6 million in the prior-year quarter.
Net income attributable to common shareholders was $1.4 million, or $0.05 per diluted share, versus $4.1 million, or $0.16 per diluted share, a year earlier.
Adjusted diluted EPS (non-GAAP) was $0.34, up from $0.25; full-year Adjusted EBITDA is now expected at 18% of revenue, versus a prior 16%.
Cash paid for the Book4Time acquisition, net of cash acquired, was $144.9 million; ending cash was $54.9 million.
Agilysys acquired all equity of Book4Time, a spa management software provider, for $150 million in cash, subject to post-closing adjustments. The company funded the deal with cash on hand and a $50 million draw on a new $75 million revolving credit facility with Bank of America as agent. The filing does not report Book4Time's financial results, so shareholders cannot yet assess the deal's effect on revenue or profit from this document.
Purchase price of $150 million in cash, subject to post-closing adjustments; the filing cites an approximate nine times revenue multiple
$50 million drawn on a $75 million revolving credit facility dated August 16, 2024, with a $25 million possible increase; revolver matures in three years
Initial interest margin of 1.625% over SOFR; covenants include minimum 3.00 to 1 interest coverage and leverage below 3.50 to 1.00
Company will discuss any impact on fiscal 2025 guidance on its fiscal 2025 second quarter earnings call in October 2024
Agilysys disclosed that Don DeMarinis, Senior Vice President Sales for the Americas and EMEA, notified the company on July 23, 2024 of his intention to retire effective August 30, 2024. He will keep his current role until a successor starts, then stay on as an employee to help with the transition.
Don DeMarinis, SVP Sales, Americas and EMEA, gave notice on July 23, 2024 of his retirement.
Retirement is effective August 30, 2024.
He will serve in his role until a successor starts, then assist with the transition as an employee.
Agilysys reported fiscal 2025 first-quarter total net revenue of $63.5 million, up 13.3% from $56.1 million a year earlier, and net income of $14.1 million, or $0.50 per diluted share, versus $1.1 million, or $0.04, a year earlier. The company also issued fiscal 2025 revenue guidance of $275 million to $280 million, which shareholders can use to compare against future results.
Total net revenue rose 13.3% to $63.5 million; subscription and maintenance revenue was $38.0 million, up 32.0% year over year.
Net income was $14.1 million, or $0.50 per diluted share; the filing shows a $10.2 million tax benefit from tax events in its adjusted earnings reconciliation.
Adjusted diluted EPS was $0.30 versus $0.18 a year earlier; adjusted EBITDA was $12.1 million versus $6.3 million.
Fiscal 2025 guidance: total revenue of $275 million to $280 million and adjusted EBITDA of 16% of revenue; cash balance was $144.1 million at June 30, 2024.
Agilysys reported record fiscal fourth-quarter revenue of $62.2 million, up 17.6% from a year earlier, and record full-year revenue of $237.5 million. Q4 GAAP net income per diluted share fell to $0.11 from $0.14, while the company expects fiscal 2025 revenue of $275 million to $280 million.
Q4 total net revenue rose 17.6% to $62.2 million from $52.9 million a year earlier.
Q4 net income attributable to common shareholders was $3.0 million, or $0.11 per diluted share, versus $3.6 million, or $0.14, a year earlier.
Full-year fiscal 2024 net income was $85.0 million, or $3.17 per diluted share, versus $0.49 a year earlier; adjusted diluted EPS was $1.10 versus $0.97.
For fiscal 2025, the company expects revenue of $275 million to $280 million and Adjusted EBITDA at 16% of revenue.
Agilysys reported fiscal 2024 third-quarter results for the period ended December 31, 2023, with total net revenue up 21.3% to a record $60.6 million and adjusted EBITDA up to $11.8 million from $8.1 million a year earlier. The company raised its fiscal 2024 Adjusted EBITDA expectation to 15% of revenue and reiterated its full-year revenue guidance of $235 million to $238 million. GAAP net income of $76.9 million was boosted by a $65.1 million release of tax valuation allowances.
Total net revenue rose 21.3% to $60.6 million from $49.9 million; subscription revenue grew 29.9% year-over-year.
GAAP net income attributable to common shareholders was $76.9 million, or $2.85 per diluted share, versus $0.13 a year earlier, including a $65.1 million valuation allowance release.
Adjusted diluted EPS was $0.35 versus $0.26; adjusted EBITDA was $11.8 million versus $8.1 million.
Fiscal 2024 Adjusted EBITDA guidance raised to 15% of revenue; revenue guidance of $235 million to $238 million reiterated.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Agilysys filing is on SEC EDGAR ↗. 8-K briefs of other companies →