Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-09-04

Agilysys Inc (AGYS)

Fiscal year 2026 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,291,559
Dave Wood total, FY2026
Vice President and Chief Financial Officerhighest-paid officer; CEO Ramesh Srinivasan: $1,213,846
CEO (Ramesh Srinivasan) pay percentile vs peers
53:1
CEO-to-median pay ratio
98.11%
Say-on-pay support, latest vote
Companies that benchmark against AGYS
16 companies name AGYS as a compensation peer

Each company listed discloses AGYS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AGYS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2026

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Dave Wood$400,000$5,500$678,296$0$194,500$0$13,263$1,291,559
Vice President and Chief Financial Officer
Ramesh Srinivasan600,0000600,00000013,8461,213,846
President and Chief Executive Officer
Sethuram Shivashankar375,0005,156529,9110182,344011,8331,104,244
Senior Vice President, Chief Technology Officer & Chief Information Officer
Joe Youssef340,0003,438384,4520257,063023,7201,008,672
Senior Vice President, Chief Commercial Officer
Kyle Badger375,0005,156424,0300182,344014,3151,000,845
Senior Vice President, General Counsel and Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2026 totalFY2025 totalFY2024 totalΔ FY20252026
Dave Wood$1,291,559$1,073,220$879,856+218,339
Ramesh Srinivasan1,213,8461,622,9061,249,366−409,060
Sethuram Shivashankar1,104,244799,521738,766+304,723
Joe Youssef1,008,6722,644,263−1,635,591
Kyle Badger1,000,845749,822+251,023

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2026

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Joe YoussefRSU2025-11-033,021$384,452
Dave WoodRSU2025-11-035,330678,296
Kyle BadgerRSU2025-11-033,332424,030
Sethuram ShivashankarRSU2025-11-034,164529,911
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Joe Youssef$384,452$0$00.0%
Dave Wood678,296000.0%
Kyle Badger424,030000.0%
Sethuram Shivashankar529,911000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2026

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Kyle BadgerRSU3,332$237,038
Joe YoussefRSU3,021214,914
Dave WoodSAR2,52820.02
Dave WoodRSU1,422101,161
Joe YoussefRSU84089,565
Kyle BadgerRSU1,24488,498
Kyle BadgerRSU77154,849
Sethuram ShivashankarRSU1,446102,868
Dave WoodRSU5,330379,176
Dave WoodRSU2,677190,442
Sethuram ShivashankarRSU91064,737
Joe YoussefRSU18,2121,295,602
Sethuram ShivashankarRSU4,164296,227
05

Incentive-plan design — the Compensation Discussion & Analysis

For fiscal year 2026, our Compensation Committee's pay philosophy was to emphasize performance-based compensation tied to annual goals in the form of annual cash incentives and long-term performance-based compensation in the form of long-term equity incentives.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantCompensation consultant (name not disclosed in provided text)
Clawback policyTrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-09-0224,349,560469,54212,67198.11%Passed
20252025-09-0423,204,4761,414,5207,42394.23%Passed
20242024-09-1222,448,021403,3169,62898.19%Passed
20232023-08-2123,129,036284,33018,75198.79%Passed
20222022-08-2623,271,611110,63616,23699.53%Passed
20212021-11-1822,563,587145,73316,21099.36%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-09-0298.11%a
20252025-09-0494.23%b
20242024-09-1298.19%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “If you hold your shares in street name and do not give your broker or nominee instruction as to how to vote your shares, your broker or nominee will not have discretionary authority to vote your shares on proposals 1 or 2.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have the effect of a vote against this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)53 : 1
CEO total compensation$1,213,846
Median employee compensation$23,090
08

Director compensation — fiscal year 2026

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael A. KaufmanIndependent · Board Chair · Compensation · Nominating and Corporate Governance (Chair)$102,500$100,000$0$0$202,500
Dana JonesIndependent · Compensation (Chair) · Audit72,500100,00000172,500
Jerry JonesIndependent · Compensation · Nominating and Corporate Governance · Cybersecurity Risk Subcommittee70,000100,00000170,000
John MutchIndependent · Audit · Nominating and Corporate Governance · Cybersecurity Risk Subcommittee70,000100,00000170,000
Donald ColvinIndependent · Audit (Chair)65,000100,00000165,000
Melvin KeatingIndependent · Compensation · Nominating and Corporate Governance60,000100,00000160,000
Lisa PopeIndependent · Audit45,000100,00000145,000
Ramesh SrinivasanEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer$100,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline6x annual cash retainer
09b

Total cost of the board

ComponentFY2026
Cash retainers and fees$485,000
Equity awards (grant-date value)$700,000
All other compensation$0
Total cost of the board$1,185,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Agilysys Inc2026Ramesh Srinivasan$600,000$600,000$0$0$1,213,846

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Dave WoodDEF 14A2026-07-160001193125-26-306113Section “Summary Compensation Table for Fiscal Year” · page 31. As printed: 1,291,559. Filing ↗machine: r6 · c15 · span 858608–858617
2Section 01, Ramesh SrinivasanDEF 14A2026-07-160001193125-26-306113Section “Summary Compensation Table for Fiscal Year” · page 31. As printed: 1,213,846. Filing ↗machine: r2 · c15 · span 832354–832363
3Section 01, Sethuram ShivashankarDEF 14A2026-07-160001193125-26-306113Section “Summary Compensation Table for Fiscal Year” · page 31. As printed: 1,104,244. Filing ↗machine: r14 · c15 · span 911459–911468
4Section 01, Joe YoussefDEF 14A2026-07-160001193125-26-306113Section “Summary Compensation Table for Fiscal Year” · page 31. As printed: 1,008,672. Filing ↗machine: r19 · c15 · span 944442–944451
5Section 01, Kyle BadgerDEF 14A2026-07-160001193125-26-306113Section “Summary Compensation Table for Fiscal Year” · page 31. As printed: 1,000,845. Filing ↗machine: r10 · c15 · span 885075–885084
6Section 03, Joe Youssef RSUDEF 14A2026-07-160001193125-26-306113Section “Grants of Plan-Based Awards for Fiscal Year 2026” · grants of plan-based awards table. Filing ↗machine: t71 · r5 · c2 · span 749981–749988
7Section 03, Dave Wood RSUDEF 14A2026-07-160001193125-26-306113Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r2 · c4 · span 744579–744584
8Section 03, Kyle Badger RSUDEF 14A2026-07-160001193125-26-306113Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r3 · c4 · span 746603–746608
9Section 03, Sethuram Shivashankar RSUDEF 14A2026-07-160001193125-26-306113Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r4 · c4 · span 748637–748642
10Section 07, pay ratioDEF 14A2026-07-160001193125-26-306113Section “CEO Pay Ratio”. As printed: 53 : 1. Filing ↗machine: span 774832–774839
11Section 08, Michael A. KaufmanDEF 14A2026-07-160001193125-26-306113Section “Director Compensation”. As printed: 202,500. Filing ↗machine: t23 · r5 · c14 · span 313514–313521
12Section 08, Dana JonesDEF 14A2026-07-160001193125-26-306113Section “Director Compensation”. As printed: 172,500. Filing ↗machine: t23 · r3 · c14 · span 300094–300101
13Section 08, Jerry JonesDEF 14A2026-07-160001193125-26-306113Section “Director Compensation”. As printed: 170,000. Filing ↗machine: t23 · r4 · c14 · span 306800–306807
14Section 08, John MutchDEF 14A2026-07-160001193125-26-306113Section “Director Compensation”. As printed: 170,000. Filing ↗machine: t23 · r7 · c14 · span 326928–326935
15Section 08, Donald ColvinDEF 14A2026-07-160001193125-26-306113Section “Director Compensation”. As printed: 165,000. Filing ↗machine: t23 · r2 · c14 · span 293389–293396
16Section 08, Melvin KeatingDEF 14A2026-07-160001193125-26-306113Section “Director Compensation”. As printed: 160,000. Filing ↗machine: t23 · r6 · c14 · span 320223–320230
17Section 08, Lisa PopeDEF 14A2026-07-160001193125-26-306113Section “Director Compensation”. As printed: 145,000. Filing ↗machine: t23 · r8 · c14 · span 334296–334303
18Section 08, Ramesh SrinivasanDEF 14A2026-07-160001193125-26-306113Section “Director Compensation”. As printed: 0. Filing ↗
19Section 06, 2026 voteForm 8-K2026-09-040001193125-26-383628Item 5.07 · say-on-pay result. As reported: 98.11% (votes for as printed: 24,349,560). Filing ↗
20Section 06, 2025 voteForm 8-K2025-09-050000078749-25-000006Item 5.07 · say-on-pay result. As reported: 94.23% (votes for as printed: 23,204,476). Filing ↗
21Section 06, 2024 voteForm 8-K2024-09-160000950170-24-106858Item 5.07 · say-on-pay result. As reported: 98.19% (votes for as printed: 22,448,021). Filing ↗
22Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
23Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
24Section 09b board cost (computed)ComputedcomputedCash 485,000 + equity 700,000 + all other 0 = 1,185,000, summed across the director compensation table rows.machine: formula: Σ = 1,185,000
25Agilysys Inc (subject), Section 10b CEO totalDEF 14A2026-07-160001193125-26-306113CEO total compensation as printed in Agilysys Inc's own proxy. As printed: 1,213,846. Filing ↗machine: r2 · c15 · span 832354–832363