8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934

Date of Report: November 13, 2008
(Date of earliest event reported)

AGILYSYS, INC.

(Exact name of registrant as specified in its charter)

Ohio	000-5734	34-0907152
(State or other jurisdiction of	(Commission File Number)	(IRS Employer Identification No.)
incorporation)

28925 Fountain Parkway, Solon, Ohio	44139
(Address of principal executive offices)	(ZIP Code)

Registrant’s telephone number, including area code: (440) 519-8700

N/A (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On November 19, 2008, Agilysys, Inc. (the “Company”) issued a press release announcing that, on November 13, 2008, the company received a NASDAQ staff determination letter stating the company’s common shares are subject to potential delisting. The potential delisting is related to Agilysys’ delay in filing its Form 10-Q for the quarter ended September 30, 2008 with the Securities and Exchange Commission, as required by Marketplace Rule 4310(c)(14).

Agilysys will submit a response to the NASDAQ Listing Qualification Panel by November 20, 2008.

The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

     (d) Exhibits

99.1 Press release issued by the Company dated November 19, 2008, announcing that on November 13, 2008, the company received a NASDAQ staff determination letter stating the company’s common shares are subject to potential delisting.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AGILYSYS, INC.
By:	/s/ Kenneth J. Kossin, Jr.
	Kenneth J. Kossin, Jr.
	Sr. Vice President and Chief Financial Officer

Date: November 19, 2008

Exhibit Index

Exhibit Number		Description
	99.1	Press release issued by the Company dated November 19, 2008, announcing that on November 13, 2008, the company received a NASDAQ staff determination letter stating the company’s common shares are subject to potential delisting.

EX-99.1

Exhibit 99.1

CLEVELAND, Nov. 19 /PRNewswire-FirstCall/ — Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, today announced that on November 13, as expected, the company received a NASDAQ Staff Determination Letter pursuant to Marketplace Rule 4310(c)(14) stating that NASDAQ has not received the company’s quarterly report on Form 10-Q for the period ended September 30, 2008 (the “September Form 10-Q”) and that this serves as an additional basis for delisting the company’s shares from The NASDAQ Stock Market.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO )

The company has delayed filing its September Form 10-Q because the company has not yet completed preparation of its Annual Report on Form 10-K for the fiscal year ended March 31, 2008 (the “2008 Form 10-K”) or its quarterly report on Form 10-Q for the period ended June 30, 2008 (the “June Form 10-Q”). The company will present to NASDAQ early next week its written plan to regain compliance with the filing requirement.

The delay in filing is related to the pending resolution of the accounting treatment for the company’s 20% minority investment in a foreign entity, Magirus AG, a privately held enterprise computer systems distributor headquartered in Germany. Due to these open accounting matters related solely to the company’s minority investment in Magirus, Agilysys has been reporting summary financial information, which is unaudited.

The company expects to file its September Form 10-Q as soon as practicable after it files its 2008 Form 10-K and June Form 10-Q.

Forward-Looking Language

Portions of this release, particularly the statements made by management and those that are not historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current assumptions and expectations, and are subject to risks and uncertainties, many of which are beyond the control of Agilysys. Many factors could cause the actual results of Agilysys to differ materially from those anticipated by the forward-looking statements. These factors include those referenced in the Annual Report on Form 10-K or as may be described from time to time in Agilysys subsequent SEC filings.

Potential factors that could cause actual results to differ materially from those expressed or implied by such statements include, but are not limited to, those relating to Agilysys long-term financial goals, anticipated revenue gains, sales volume, margin improvements, cost savings, capital expenditures, depreciation and amortization, and new product introductions.

Other associated risks include geographic factors, political and economic risks, the actions of Agilysys competitors and vendors, changes in economic or industry conditions in the markets served by Agilysys, the ability to appropriately integrate and derive performance from acquisitions, strategic alliances, and joint ventures, and the ability of the company to identify and complete a strategic transaction.

In addition, this release contains time-sensitive information and reflects management’s best analysis only as of the date of this release. Agilysys does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Information on the potential factors that could affect Agilysys actual results of operations is included in its filings with the SEC, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Interested persons can obtain it free at the SEC’s Web site, www.sec.gov.

About Agilysys, Inc.

Agilysys is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology — including hardware, software and services — to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Cleveland, Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit www.agilysys.com.

Investor contact:

Curtis Stout

Vice President and Treasurer

Agilysys, Inc.
440-519-8635

curtis.stout@agilysys.com

Media contact:

Shawn Turner

Communications Manager

Agilysys, Inc.
440-519-8627

shawn.turner@agilysys.com