e60008385sc13g.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No.  )*

Agilysys, Inc.
(Name of Issuer)
 
Class A Common Stock, without par value
(Title of Class of Securities)
 
 
00847J105
  
 
(CUSIP Number)
  
     
 
August 8, 2007
  
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:
 
[  ]  Rule 13d-1(b)
[x]  Rule 13d-1(c)
[  ]  Rule 13d-1(d)
 
*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 the disclosure provided in a prior cover page.
 
The information required in 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
13G
Page 2 of 17 Pages

1
NAME OF REPORTING PERSON   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
Goodwood Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)  o
(b)  S
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Ontario, Canada

NUMBER OF
SHARES
5
SOLE VOTING POWER

0
BENEFICIALLY
OWNED BY
EACH
6
SHARED VOTING POWER

1,676,691
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER

0
8
SHARED DISPOSITIVE POWER   

1,676,691
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
1,676,691
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
N/A
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
 
5.3%
12
TYPE OF REPORTING PERSON (See Instructions)
 
CO




CUSIP No. 00847J105
13G
Page 3 of 17 Pages

1
NAME OF REPORTING PERSON   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
1354037 Ontario Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)  o
(b)  S
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Ontario, Canada
 
NUMBER OF
SHARES
5
SOLE VOTING POWER

0
BENEFICIALLY
OWNED BY
EACH
6
SHARED VOTING POWER

1,676,691
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER

0
 
8
SHARED DISPOSITIVE POWER   

1,676,691
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
1,676,691
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
N/A
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
 
5.3%
12
TYPE OF REPORTING PERSON (See Instructions)
 
CO




CUSIP No. 00847J105
13G
Page 4 of 17 Pages

1
NAME OF REPORTING PERSON   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
Goodwood Fund
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)  o
(b)  S
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Canada
 
NUMBER OF
SHARES
5
SOLE VOTING POWER

664,391
BENEFICIALLY
OWNED BY
EACH
6
SHARED VOTING POWER

0
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER

664,391
 
8
SHARED DISPOSITIVE POWER   

0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
664,391
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
N/A
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
 
2.1%
12
TYPE OF REPORTING PERSON (See Instructions)
IV




CUSIP No. 00847J105
13G
Page 5 of 17 Pages

1
NAME OF REPORTING PERSON   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
Arrow Goodwood Fund
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)  o
(b)  S
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Canada
 
NUMBER OF
SHARES
5
SOLE VOTING POWER

225,300
BENEFICIALLY
OWNED BY
EACH
6
SHARED VOTING POWER

0
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER

225,300
 
8
SHARED DISPOSITIVE POWER   

0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
225,300
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
N/A
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
 
0.7%
12
TYPE OF REPORTING PERSON (See Instructions)
 
IV



CUSIP No. 00847J105
13G
Page 6 of 17 Pages

1
NAME OF REPORTING PERSON   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
Goodwood Capital Fund
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)  o
(b)  S
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
Canada
 
NUMBER OF
SHARES
5
SOLE VOTING POWER

113,000
BENEFICIALLY
OWNED BY
EACH
6
SHARED VOTING POWER

0
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER

113,000
 
8
SHARED DISPOSITIVE POWER   

0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
113,000
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
N/A
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
 
0.4%
12
TYPE OF REPORTING PERSON (See Instructions)
 
IV



CUSIP No. 00847J105
13G
Page 7 of 17 Pages

1
NAME OF REPORTING PERSON   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
The Goodwood Fund 2.0 Ltd.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)  o
(b)  S
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Cayman Islands
 
NUMBER OF
SHARES
5
SOLE VOTING POWER

658,100
BENEFICIALLY
OWNED BY
EACH
6
SHARED VOTING POWER

0
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER

658,100
 
8
SHARED DISPOSITIVE POWER   

0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
658,100
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
N/A
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
 
2.1%
12
TYPE OF REPORTING PERSON (See Instructions)
 
IV




CUSIP No. 00847J105
13G
Page 8 of 17 Pages

1
NAME OF REPORTING PERSON   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
MSS Equity Hedge 15
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)  o
(b)  S
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Cayman Islands
 
NUMBER OF
SHARES
5
SOLE VOTING POWER

15,900
BENEFICIALLY
OWNED BY
EACH
6
SHARED VOTING POWER

0
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER

15,900
 
8
SHARED DISPOSITIVE POWER   

0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
15,900
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
N/A
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
 
Less than 0.1%
12
TYPE OF REPORTING PERSON (See Instructions)
 
IV




CUSIP No. 00847J105
13G
Page 9 of 17 Pages

1
NAME OF REPORTING PERSON   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
Peter H. Puccetti
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)  o
(b)  S
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Canada
 
NUMBER OF
SHARES
5
SOLE VOTING POWER

0
BENEFICIALLY
OWNED BY
EACH
6
SHARED VOTING POWER

1,676,691
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER

0
 
8
SHARED DISPOSITIVE POWER

1,676,691
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
1,676,691
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
N/A
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
 
5.3%
12
TYPE OF REPORTING PERSON (See Instructions)
 
IN




CUSIP No. 00847J105
13G
Page 10 of 17 Pages

1
NAME OF REPORTING PERSON   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
J. Cameron MacDonald
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)  o
(b)  S
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Canada
 
NUMBER OF
SHARES
5
SOLE VOTING POWER

0
BENEFICIALLY
OWNED BY
EACH
6
SHARED VOTING POWER

1,676,691
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER

0
 
8
SHARED DISPOSITIVE POWER  

1,676,691
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
1,676,691
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
N/A
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
 
5.3%
12
TYPE OF REPORTING PERSON (See Instructions)
 
IN



CUSIP No. 00847J105
13G
Page 11 of 17 Pages
 
Item 1.
 
 
(a)  
Name of Issuer:
 
Agilysys, Inc.
 
(b)  
Address of Issuer's Principal Executive Offices:
 
4800 E. 131st St., Cleveland, OH 44105

 
Item 2.
 
 
(a)  
Name of Person Filing:
 
This statement is being filed by (i) Goodwood Fund (“Fund”) with respect to shares of common stock, without par value (“Shares”), of the Issuer beneficially owned by it; (ii) Arrow Goodwood Fund (“Arrow”) with respect to Shares beneficially owned by it; (iii) Goodwood Capital Fund (“Capital Fund”) with respect to Shares beneficially owned by it; (iv) The Goodwood Fund 2.0 Ltd. (“2.0”) with respect to Shares beneficially owned by it; (v) MSS Equity Hedge 15 (“Hedge 15”) with respect to Shares beneficially owned by it; (vi) Goodwood Inc. (“Goodwood”) with respect to Shares beneficially owned by Fund, Arrow, Capital Fund, 2.0 and Hedge 15; (vii) 1354037 Ontario Inc. (“Ontario”) with respect to Shares beneficially owned by Goodwood; (viii) Peter H. Puccetti (“Puccetti”) with respect to Shares beneficially owned by Ontario and (ix) J. Cameron MacDonald (“MacDonald”) with respect to Shares beneficially owned by Ontario.  Each of Goodwood, Ontario, Puccetti and MacDonald disclaims beneficial ownership of the securities covered by this statement.
 
(b)  
Address of Principal Business Office or, if none, Residence:
 
The principal business address of Fund, Capital Fund, Arrow, 2.0, Hedge 15, Goodwood, Ontario, Puccetti and MacDonald is 212 King Street West, Suite 201, Toronto, Canada M5H 1K5.
 
(c)  
Citizenship:
 
Each of Fund, Arrow and Capital Fund is a Canadian mutual fund trust and each of 2.0 and Hedge 15 is a Cayman Islands limited liability company.  Each of Puccetti and MacDonald is a Canadian citizen.  Each of Ontario and Goodwood is an Ontario corporation.
 
(d)  
Title of Class of Securities:
 
Common Stock, without par value.
 
(e)  
CUSIP Number:
 
00847J105
 
Item 3.
 
 
Not Applicable.
 
Item 4.
Ownership
 
The percentages used herein are calculated based upon the 31,429,014 Shares issued and outstanding as of July 27, 2007, as reported on the Issuer’s Quarterly Report on Form 10-Q with respect to the quarterly period ended June 30, 2007, as filed with the Securities and Exchange Commission.

 



CUSIP No. 00847J105
13G
Page 12 of 17 Pages

As of August 8, 2007:
 
1.   Goodwood Inc.
(a)  Amount beneficially owned:  1,676,691
(b)  Percent of class:  5.3%
 (c) (i) Sole power to vote or direct the vote:  0
(ii)Shared power to vote or direct the vote:  1,676,691
(iii)Sole power to dispose or direct the disposition:  0
(iv)Shared power to dispose or direct the disposition:  1,676,691
 
2.  
1354037 Ontario Inc.
(a)  
Amount beneficially owned:  1,676,691
(b)  
Percent of class:  5.3%
(c)  
(i)   Sole power to vote or direct the vote:  0
(ii)  
Shared power to vote or direct the vote:  1,676,691
(iii) 
Sole power to dispose or direct the disposition:  0
(iv) 
Shared power to dispose or direct the disposition:  1,676,691

3.  
Goodwood Fund
(a)  
Amount beneficially owned:  664,391
(b)  
Percent of class:  2.1%
(c)  
(i)   Sole power to vote or direct the vote:  664,391
(ii)  
Shared power to vote or direct the vote:  0
(iii) 
Sole power to dispose or direct the disposition:  664,391
(iv) 
Shared power to dispose or direct the disposition:  0

4.  
Arrow Goodwood Fund
(a)  
Amount beneficially owned:  225,300
(b)  
Percent of class: 0.7%
(c)  
(i)   Sole power to vote or direct the vote:  225,300
(ii)  
Shared power to vote or direct the vote:  0
(iii) 
Sole power to dispose or direct the disposition:  225,300
(iv) 
Shared power to dispose or direct the disposition:  0

5.  
Goodwood Capital Fund
(a)  
Amount beneficially owned:  113,000
(b)  
Percent of class:  0.4%
(c)  
(i)   Sole power to vote or direct the vote:  113,000
(ii)  
Shared power to vote or direct the vote:  0
(iii) 
Sole power to dispose or direct the disposition:  113,000
(iv) 
Shared power to dispose or direct the disposition:  0

6.  
The Goodwood Fund 2.0 Ltd.
(a)  
Amount beneficially owned:  658,100
(b)  
Percent of class:  2.1%
(c)  
(i)  Sole power to vote or direct the vote:  658,100
(ii)  
Shared power to vote or direct the vote:  0
(iii) 
Sole power to dispose or direct the disposition:  658,100
(iv) 
Shared power to dispose or direct the disposition:  0

7.  
MSS Equity Hedge 15
(a)  
Amount beneficially owned:  15,900
(b)  
Percent of class:  Less than 0.1%
(c)  
(i)   Sole power to vote or direct the vote:  15,900
(ii)  
Shared power to vote or direct the vote:  0
(iii) 
Sole power to dispose or direct the disposition:  15,900
(iv) 
Shared power to dispose or direct the disposition:  0

8.  
Peter H. Puccetti
(a)  
Amount beneficially owned:  1,676,691
(b)  
Percent of class:  5.3%



CUSIP No. 00847J105
13G
Page 13 of 17 Pages

(c)  
 (i)   Sole power to vote or direct the vote:  0
(ii)  
Shared power to vote or direct the vote:  1,676,691
(iii) 
Sole power to dispose or direct the disposition:  0
(iv) 
Shared power to dispose or direct the disposition:  1,676,691

9.  
J. Cameron MacDonald
(a)  
Amount beneficially owned:  1,676,691
(b)  
Percent of class:  5.3%
(c)  
(i)  Sole power to vote or direct the vote:  0
(ii)  
Shared power to vote or direct the vote:  1,676,691
(iii) 
Sole power to dispose or direct the disposition:  0
(iv) 
Shared power to dispose or direct the disposition:  1,676,691

_____________________

Goodwood does not directly own any Shares.  Rather, Goodwood is the sole investment manager of each of Fund, Arrow, Capital Fund, 2.0 and Hedge 15.  Ontario Inc. owns all of the capital stock of Goodwood.  Messrs. Puccetti and MacDonald control Ontario.
 

Item 5.
Ownership Five Percent or Less of a Class
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [  ].
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person
 
 
Not Applicable.
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
 
Not Applicable.
 
Item 8.
Identification and Classification of Members of the Group
 
Not Applicable.
 
Item 9.
Notice of Dissolution of Group
 
Not Applicable
 
Item 10.
Certification
 
 
By signing below the signatory certifies that, to be best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 




CUSIP No. 00847J105
13G
Page 14 of 17 Pages

SIGNATURE
 
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Dated:  August 20, 2007
 
 
GOODWOOD INC.
  
     
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
 
 
  
1354037 ONTARIO INC.
  
     
By:
/s/ J. Cameron MacDonald
  
Name:
J. Cameron MacDonald
  
Title:
Authorized Person
  
 
 
  
GOODWOOD FUND
  
     
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
 
 
  
ARROW GOODWOOD FUND
  
     
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
 
 
  
GOODWOOD CAPITAL FUND
  
     
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
 
 
  
THE GOODWOOD FUND 2.0 LTD.
  
     
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
 
 
  
MSS EQUITY HEDGE 15
  
     
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
   

 



CUSIP No. 00847J105
13G
Page 15 of 17 Pages

 

PETER H. PUCCETTI
  
     
 
/s/ Peter H. Puccetti
  
 
 
  
 
 
    
J. CAMERON MACDONALD
  
     
 
/s/ J. Cameron MacDonald
  
 
 
  
 




CUSIP No. 00847J105
13G
Page 16 of 17 Pages

EXHIBIT A
 

 
AGREEMENT
 
JOINT FILING OF SCHEDULE 13G
 
 
The undersigned hereby agree jointly to prepare and file with regulatory authorities a Schedule 13G and any amendments thereto reporting each of the undersigned’s ownership of securities of Agilysys, Inc., and hereby affirm that such Schedule 13G is being filed on behalf of each of the undersigned.
 
Dated:  August 20, 2007


GOODWOOD INC.
  
     
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
 
 
  
1354037 ONTARIO INC.
  
     
By:
/s/ J. Cameron MacDonald
  
Name:
J. Cameron MacDonald
  
Title:
Authorized Person
  
 
 
  
GOODWOOD FUND
  
     
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
 
 
  
ARROW GOODWOOD FUND
  
     
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
 
 
  
GOODWOOD CAPITAL FUND
  
     
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
 
 
  
THE GOODWOOD FUND 2.0 LTD.
  
     
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
   
 



CUSIP No. 00847J105
13G
Page 17 of 17 Pages

 
 
MSS EQUITY HEDGE 15
  
     
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
 
 
  
PETER H. PUCCETTI
  
     
 
/s/ Peter H. Puccetti
  
 
 
  
 
 
    
J. CAMERON MACDONALD
  
     
 
/s/ J. Cameron MacDonald