UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. )*
Under the Securities Exchange Act of 1934
Agilysys, Inc.
(Name of Issuer)
Common Stock, without par value
(Title of Class of Securities)
00847J105
(CUSIP Number)
Douglas W. Ambrose
Paloma Partners Management Company
Two American Lane
Greenwich, CT 06836
(203) 861-3236
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 2, 2017
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 00847J105 | |||||
| |||||
|
1 |
Name of Reporting Person | |||
| |||||
|
2 |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
|
|
(a) |
o | ||
|
|
(b) |
x | ||
| |||||
|
3 |
SEC Use Only | |||
| |||||
|
4 |
Source of Funds (See Instructions) | |||
| |||||
|
5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
| |||||
|
6 |
Citizenship or Place of Organization | |||
| |||||
Number of |
7 |
Sole Voting Power | |||
| |||||
8 |
Shared Voting Power | ||||
| |||||
9 |
Sole Dispositive Power | ||||
| |||||
10 |
Shared Dispositive Power | ||||
| |||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
| |||||
|
12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
| |||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||
| |||||
|
14 |
Type of Reporting Person (See Instructions) | |||
(1) Based upon a total of 23,391,662 outstanding ordinary shares of the Issuer as of August 1, 2017, as reported in the Issuers quarterly report on Form 10-Q filed with the SEC on August 4, 2017 for the quarter ended June 30, 2017.
CUSIP No. 00847J105 | |||||
| |||||
|
1 |
Name of Reporting Person | |||
| |||||
|
2 |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
|
|
(a) |
o | ||
|
|
(b) |
x | ||
| |||||
|
3 |
SEC Use Only | |||
| |||||
|
4 |
Source of Funds (See Instructions) | |||
| |||||
|
5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
| |||||
|
6 |
Citizenship or Place of Organization | |||
| |||||
Number of |
7 |
Sole Voting Power | |||
| |||||
8 |
Shared Voting Power | ||||
| |||||
9 |
Sole Dispositive Power | ||||
| |||||
10 |
Shared Dispositive Power | ||||
| |||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
| |||||
|
12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
| |||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||
| |||||
|
14 |
Type of Reporting Person (See Instructions) | |||
(2) Based upon a total of 23,391,662 outstanding ordinary shares of the Issuer as of August 1, 2017, as reported in the Issuers quarterly report on Form 10-Q filed with the SEC on August 4, 2017 for the quarter ended June 30, 2017.
CUSIP No. 00847J105 | |||||
| |||||
|
1 |
Name of Reporting Person | |||
| |||||
|
2 |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
|
|
(a) |
o | ||
|
|
(b) |
x | ||
| |||||
|
3 |
SEC Use Only | |||
| |||||
|
4 |
Source of Funds (See Instructions) | |||
| |||||
|
5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
| |||||
|
6 |
Citizenship or Place of Organization | |||
| |||||
Number of |
7 |
Sole Voting Power | |||
| |||||
8 |
Shared Voting Power | ||||
| |||||
9 |
Sole Dispositive Power | ||||
| |||||
10 |
Shared Dispositive Power | ||||
| |||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
| |||||
|
12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
| |||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||
| |||||
|
14 |
Type of Reporting Person (See Instructions) | |||
(3) Based upon a total of 23,391,662 outstanding ordinary shares of the Issuer as of August 1, 2017, as reported in the Issuers quarterly report on Form 10-Q filed with the SEC on August 4, 2017 for the quarter ended June 30, 2017.
CUSIP No. 00847J105 | |||||
| |||||
|
1 |
Name of Reporting Person | |||
| |||||
|
2 |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
|
|
(a) |
o | ||
|
|
(b) |
x | ||
| |||||
|
3 |
SEC Use Only | |||
| |||||
|
4 |
Source of Funds (See Instructions) | |||
| |||||
|
5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
| |||||
|
6 |
Citizenship or Place of Organization | |||
| |||||
Number of |
7 |
Sole Voting Power | |||
| |||||
8 |
Shared Voting Power | ||||
| |||||
9 |
Sole Dispositive Power | ||||
| |||||
10 |
Shared Dispositive Power | ||||
| |||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
| |||||
|
12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
| |||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||
| |||||
|
14 |
Type of Reporting Person (See Instructions) | |||
(4) Based upon a total of 23,391,662 outstanding ordinary shares of the Issuer as of August 1, 2017, as reported in the Issuers quarterly report on Form 10-Q filed with the SEC on August 4, 2017 for the quarter ended June 30, 2017.
CUSIP No. 00847J105 | |||||
| |||||
|
1 |
Name of Reporting Person | |||
| |||||
|
2 |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
|
|
(a) |
o | ||
|
|
(b) |
x | ||
| |||||
|
3 |
SEC Use Only | |||
| |||||
|
4 |
Source of Funds (See Instructions) | |||
| |||||
|
5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
| |||||
|
6 |
Citizenship or Place of Organization | |||
| |||||
Number of |
7 |
Sole Voting Power | |||
| |||||
8 |
Shared Voting Power | ||||
| |||||
9 |
Sole Dispositive Power | ||||
| |||||
10 |
Shared Dispositive Power | ||||
| |||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
| |||||
|
12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
| |||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||
| |||||
|
14 |
Type of Reporting Person (See Instructions) | |||
(5) Based upon a total of 23,391,662 outstanding ordinary shares of the Issuer as of August 1, 2017, as reported in the Issuers quarterly report on Form 10-Q filed with the SEC on August 4, 2017 for the quarter ended June 30, 2017.
CUSIP No. 00847J105 | |||||
| |||||
|
1 |
Name of Reporting Person | |||
| |||||
|
2 |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
|
|
(a) |
o | ||
|
|
(b) |
x | ||
| |||||
|
3 |
SEC Use Only | |||
| |||||
|
4 |
Source of Funds (See Instructions) | |||
| |||||
|
5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
| |||||
|
6 |
Citizenship or Place of Organization | |||
| |||||
Number of |
7 |
Sole Voting Power | |||
| |||||
8 |
Shared Voting Power | ||||
| |||||
9 |
Sole Dispositive Power | ||||
| |||||
10 |
Shared Dispositive Power | ||||
| |||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
| |||||
|
12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
| |||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||
| |||||
|
14 |
Type of Reporting Person (See Instructions) | |||
(6) Based upon a total of 23,391,662 outstanding ordinary shares of the Issuer as of August 1, 2017, as reported in the Issuers quarterly report on Form 10-Q filed with the SEC on August 4, 2017 for the quarter ended June 30, 2017.
CUSIP No. 00847J105 | |||||
| |||||
|
1 |
Name of Reporting Person | |||
| |||||
|
2 |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
|
|
(a) |
o | ||
|
|
(b) |
x | ||
| |||||
|
3 |
SEC Use Only | |||
| |||||
|
4 |
Source of Funds (See Instructions) | |||
| |||||
|
5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
| |||||
|
6 |
Citizenship or Place of Organization | |||
| |||||
Number of |
7 |
Sole Voting Power | |||
| |||||
8 |
Shared Voting Power | ||||
| |||||
9 |
Sole Dispositive Power | ||||
| |||||
10 |
Shared Dispositive Power | ||||
| |||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
| |||||
|
12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
| |||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||
| |||||
|
14 |
Type of Reporting Person (See Instructions) | |||
(7) Based upon a total of 23,391,662 outstanding ordinary shares of the Issuer as of August 1, 2017, as reported in the Issuers quarterly report on Form 10-Q filed with the SEC on August 4, 2017 for the quarter ended June 30, 2017.
Item 1. Security and the Issuer
This statement on Schedule 13D (this Statement) relates to the ordinary shares, without par value (the Common Stock), of Agilysys, Inc., an Ohio corporation. The principal executive offices of the Issuer are located at 425 Walnut Street, Suite 1800, Cincinnati, Ohio.
Item. 2 Identity and Background
(a) This Statement is filed jointly on behalf of the following persons: Sunrise Partners Limited Partnership, a Cayman Islands limited partnership, Paloma International L.P., a Cayman Islands limited partnership, Paloma Partners Management Company, a Delaware corporation, Paloma Partners Advisors LP, a Delaware limited partnership, Paloma Partners Advisors Inc., a Delaware corporation, Gregory Hayt, a United States citizen and S. Donald Sussman, a United States citizen (collectively, the Reporting Persons). The Reporting Persons are filing this Statement jointly, and the agreement among the Reporting Persons to file jointly is attached hereto as Exhibit 1 and incorporated herein by reference (the Joint Filing Agreement).
(b) The business addresses of the Reporting Persons are as follows:
Sunrise Partners Limited Partnership
Maples Corporate Services Limited
P.O. Box 309, Ugland House
Grand Cayman, KY1-1104, Cayman Islands
Paloma International L.P.
Maples Corporate Services Limited
P.O. Box 309, Ugland House
Grand Cayman, KY1-1104, Cayman Islands
Paloma Partners Management Company
Two American Lane
Greenwich, CT 06836
Paloma Partners Advisors LP
888 E. Las Olas Blvd.
Ft. Lauderdale, FL 33301
Paloma Partners Advisors Inc.
c/o Paloma Partners Advisors LP
888 E. Las Olas Blvd.
Ft. Lauderdale, FL 33301
Gregory Hayt
c/o Paloma Partners Management Company
Two American Lane
Greenwich, CT 06836
S. Donald Sussman
c/o Paloma Partners Advisors LP
888 E. Las Olas Blvd.
Ft. Lauderdale, FL 33301
(c) The present principal occupation of Mr. Sussman is serving as an officer and a director of Paloma Partners Management Company and Paloma Partners Advisors Inc., and as a limited
partner in Paloma Partners Advisors LP The present principal occupation of Mr. Hayt is serving as the president and a director of Paloma Partners Management Company.
(d) No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) No Reporting Person has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such Reporting Person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) The citizenship of each of the Reporting Persons is as follows:
Sunrise Partners Limited Partnership Cayman Islands
Paloma International L.P. Cayman Islands
Paloma Partners Management Company Delaware
Paloma Partners Advisors LP Delaware
Paloma Partners Advisors Inc. Delaware
Gregory Hayt United States of America
S. Donald Sussman United States of America
Item 3. Source and Amount of Funds or Other Consideration
Sunrise Partners Limited Partnership acquired the shares of Common Stock reported herein at an aggregate cost of $26,646,468.40. The funds used to purchase the shares of Common Stock were obtained from the general working capital of Sunrise Partners Limited Partnership, which may at any given time include funds borrowed in the ordinary course in its margin accounts.
Item 4. Purpose of Transaction
All of the shares of Common Stock reported herein as being beneficially owned by the Reporting Persons were acquired for investment purposes.
Previously, certain of the Reporting Persons filed a Form 13D and amendments thereto as a group with MAK Capital One L.L.C. and certain of its affiliates (collectively, MAK Capital). Because MAK Capital no longer has any investment or voting power over the Reporting Persons shares in the Issuer, none of the Reporting Persons remain part of a group with MAK Capital. The Reporting Persons are filing this Form 13D to report their beneficial ownership independently of MAK Capitals beneficial ownership.
None of the Reporting Persons has the intention of changing or influencing the control of the issuer, or any plans or proposals that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer
The following information with respect to the ownership of the Common Stock is provided as of the date hereof:
|
|
|
|
|
|
|
|
|
|
|
|
Shared |
|
|
|
|
|
|
|
|
|
Shared |
|
Sole power to |
|
power to |
|
|
|
|
|
|
|
Sole power |
|
power to |
|
dispose or to |
|
dispose or to |
|
|
|
Amount |
|
|
|
to vote or |
|
vote or to |
|
direct the |
|
direct the |
|
|
|
beneficially |
|
Percent |
|
direct the |
|
direct |
|
disposition |
|
disposition |
|
Reporting Person |
|
owned: |
|
of class: |
|
vote: |
|
the vote: |
|
of: |
|
of: |
|
Sunrise Partners Limited Partnership (1) |
|
1,772,286 |
|
7.58 |
% |
0 |
|
1,772,286 |
|
0 |
|
1,772,286 |
|
Paloma International L.P. (2) |
|
1,772,286 |
|
7.58 |
% |
0 |
|
1,772,286 |
|
0 |
|
1,772,286 |
|
Paloma Partners Management Company (3) |
|
1,772,286 |
|
7.58 |
% |
0 |
|
1,772,286 |
|
0 |
|
1,772,286 |
|
Paloma Partners Advisors LP (4) |
|
1,772,286 |
|
7.58 |
% |
0 |
|
1,772,286 |
|
0 |
|
1,772,286 |
|
Paloma Partners Advisors Inc. (5) |
|
1,772,286 |
|
7.58 |
% |
0 |
|
1,772,286 |
|
0 |
|
1,772,286 |
|
Gregory Hayt (6) |
|
1,772,286 |
|
7.58 |
% |
0 |
|
1,772,286 |
|
0 |
|
1,772,286 |
|
S. Donald Sussman (7) |
|
1,772,286 |
|
7.58 |
% |
0 |
|
1,772,286 |
|
0 |
|
1,772,286 |
|
(1) Sunrise Partners Limited Partnership is the record owner of 1,772,286 shares of Common Stock.
(2) Paloma International L.P., as the parent company of Sunrise Partners Limited Partnership, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Common Stock directly held by Sunrise Partners Limited Partnership.
(3) Paloma Partners Management Company, as general partner and investment adviser of Paloma International L.P., may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Common Stock directly held by Sunrise Partners Limited Partnership.
(4) Paloma Partners Advisors LP, as general partner of Paloma International L.P., may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Common Stock held directly by Sunrise Partners Limited Partnership.
(5) Paloma Partners Advisors Inc., as the general partner of Paloma Partners Advisors LP, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Common Stock held directly by Sunrise Partners Limited Partnership.
(6) Gregory Hayt, as the president and a director of Paloma Partners Management Company, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Common Stock held directly by Sunrise Partners Limited Partnership.
(7) S. Donald Sussman, as an officer, director and majority shareholder of Paloma Partners Management Company and Paloma Partners Advisors Inc. may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Common Stock held directly by Sunrise Partners Limited Partnership.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Not applicable.
Item 7. Material to be Filed as Exhibits
Exhibit 1 Joint Filing Agreement, dated November 2, 2017, by and among the Reporting Persons.
SIGNATURES
After reasonable inquiry and to the best of each of the undersigneds knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct.
Dated: November 2, 2017
|
SUNRISE PARTNERS LIMITED PARTNERSHIP |
|
|
|
By: Paloma International L.P., parent holder |
|
|
|
By Paloma Partners Management Company, general partner |
|
|
|
By: |
|
|
|
/s/ DOUGLAS W. AMBROSE |
|
By: Douglas W. Ambrose |
|
Title: Executive Vice President |
|
|
|
PALOMA INTERNATIONAL L.P. |
|
|
|
By Paloma Partners Management Company, general partner |
|
|
|
By: |
|
|
|
/s/ DOUGLAS W. AMBROSE |
|
By: Douglas W. Ambrose |
|
Title: Executive Vice President |
|
PALOMA PARTNERS MANAGEMENT COMPANY |
|
|
|
By: |
|
|
|
/s/ DOUGLAS W. AMBROSE |
|
By: Douglas W. Ambrose |
|
Title: Executive Vice President |
|
|
|
|
|
PALOMA PARTNERS ADVISORS LP |
|
|
|
By: Paloma Partners Advisors Inc., general partner |
|
|
|
By: |
|
|
|
/s/ S. DONALD SUSSMAN |
|
By: S. Donald Sussman |
|
Title: President |
|
|
|
|
|
PALOMA PARTNERS ADVISORS INC. |
|
|
|
By: |
|
|
|
/s/ S. DONALD SUSSMAN |
|
By: S. Donald Sussman |
|
Title: President |
|
|
|
|
|
GREGORY HAYT |
|
|
|
/s/ GREGORY HAYT |
|
Gregory Hayt |
|
|
|
|
|
S. DONALD SUSSMAN |
|
|
|
/s/ S. DONALD SUSSMAN |
|
S. Donald Sussman |
AGREEMENT
The undersigned agree that this Schedule 13D dated November 2, 2017 relating to the Common Stock, without par value, of Agilysys, Inc. shall be filed on behalf of the undersigned.
|
November 2, 2017 | |
|
(Date) | |
|
| |
|
| |
|
SUNRISE PARTNERS LIMITED PARTNERSHIP | |
|
| |
|
By: Paloma International L.P., parent holder | |
|
| |
|
By Paloma Partners Management Company, general partner | |
|
| |
|
By: | |
|
| |
|
/s/ DOUGLAS W. AMBROSE | |
|
By: Douglas W. Ambrose | |
|
Title: Executive Vice President | |
|
| |
|
| |
|
PALOMA INTERNATIONAL L.P. | |
|
| |
|
By Paloma Partners Management Company, general partner | |
|
| |
|
By: | |
|
| |
|
/s/ DOUGLAS W. AMBROSE | |
|
By: Douglas W. Ambrose | |
|
Title: Executive Vice President | |
|
| |
|
| |
|
PALOMA PARTNERS MANAGEMENT COMPANY | |
|
| |
|
By: | |
|
| |
|
/s/ DOUGLAS W. AMBROSE | |
|
By: Douglas W. Ambrose | |
|
Title: Executive Vice President | |
|
| |
|
| |
|
PALOMA PARTNERS ADVISORS LP | |
|
| |
|
By: Paloma Partners Advisors Inc., general partner | |
|
| |
|
By: |
|
|
|
|
|
|
|