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Agilysys, Inc.
Agilysys Announces Delay in Filing Form 10-K
July 4th, 2008
Agilysys, Inc. (NASDAQ:AGYS), a leading provider of innovative IT solutions, today filed Form 12b-25 with the Securities and Exchange Commission (SEC) to report that it will be unable to timely file its Form 10-K for the fiscal year ended March 31, 2008. As previously announced in the company's fourth quarter earnings release on June 2, 2008, Agilysys recorded material other income of $8.9 million during fiscal year 2008 resulting from its 20% ownership interest in Magirus AG, a privately held enterprise computer systems distributor headquartered in Germany. This income is largely due to the gain on the sale of a portion of Magirus' business to Avnet in late 2007....
Source: Health Business Week (2008-07-04)
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