Agilysys Announces Delay in Filing Form 10-K

04.03.09 - 02:24 ... source : Agilysys Inc.

... Company Files Form 12b-25 with Securities and Exchange Commission Fiscal 2008 Audit of Magirus AG To Be Completed before Form 10-K Filing BOCA RATON, Fla. – June 16, 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. Agilysys indicated that results for Magirus remain unconfirmed and unaudited at the time ...» Next (HTML)