AGILYSYS INC
For the period ended Mar 31, 2024. Filed May 22, 2024.
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FY2024 · Filed May 22, 2024
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Item 9B. Other Information
Rule 10b5-1 Trading Plans
On January 25, 2024, Ramesh Srinivasan, President and Chief Executive Officer of the Company, adopted a Rule 10b5-1 trading plan on the terms, for the duration and for the aggregate number of shares as previously disclosed in Part II, Item 5 of the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2023.
Also on January 25, 2024, MAK Capital One L.L.C. (“MAK Capital One”)adopted a trading plan with BTIG, LLC (the “MAK Plan”) intended to satisfy the affirmative defense set forth in Rule 10b5-1(c)(1) promulgated under the Securities Exchange Act of 1934, as amended, to sell up to 867,728 shares of the Company’s common stock in accordance with Rule 144 promulgated under the Securities Act of 1933, as amended. The MAK Plan may be cancelled at any time and no trading was permitted to occur under the MAK Plan until, at the earliest, April 25, 2024. Michael A. Kaufman, the Chairman of the Board of Directors of the Company, is the managing member of MAK Capital One.
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