13G Filing: Park West Asset Management and Agilysys Inc (AGYS)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.    )*

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 disclosures 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).

*
Beneficial ownership percentage is based upon 23,313,156 shares of common stock, $0.001 par value per share (“Common Stock”),
of Agilysys, Inc., a Ohio corporation (the “Company”), issued and outstanding as of January 22, 2018, as reported by
the Company in its Quarterly Report on Form 10-Q (File No. 000-05734), filed with the Securities and Exchange Commission on
January 26, 2018. Park West Asset Management LLC
(“PWAM”) is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted
company (“PWIMF”), and Park West Partners International, Limited, a Cayman Islands exempted company (“PWPI”
and, collectively with PWIMF, the “PW Funds”), and Peter S. Park (“Mr. Park” and, collectively with PWAM,
the “Reporting Persons”) is the sole member and manager of PWAM.   As of February 8, 2018, PWIMF held
1,055,806 shares of Common Stock and PWPI held 127,612 shares of Common Stock. As a result of the foregoing, for purposes of Reg.
Section 240.13d-3, the Reporting Persons may be deemed to beneficially own the 1,183,418 shares of Common Stock held in the aggregate
by the PW Funds for an aggregate beneficial ownership percentage of approximately 5.1% of the shares of Common Stock deemed issued
and outstanding as of February 8, 2018.

*
Beneficial ownership percentage is based upon 23,313,156 shares of Common Stock issued and outstanding as of January 22,
2018, as reported by the Company in its Quarterly Report on Form 10-Q (File No. 000-05734), filed with the Securities
and Exchange Commission on January 26, 2018. PWAM is the investment manager to the PW Funds, and Mr. Park is the sole
member and manager of PWAM.   As of February 8, 2018, PWIMF held 1,055,806 shares of Common Stock and PWPI
held 127,612 shares of Common Stock. As a result of the foregoing, for purposes of Reg. Section 240.13d-3, the Reporting
Persons may be deemed to beneficially own the 1,183,418 shares of Common Stock held in the aggregate by the PW Funds for an
aggregate beneficial ownership percentage of approximately 5.1% of the shares of Common Stock deemed issued and outstanding
as of February 8, 2018.

* This Schedule 13G is being jointly filed by (i) PWAM, a Delaware
limited liability company and the investment manager to (a) PWIMF, a Cayman Islands exempted company that is the holder of 1,055,806
shares of Common Stock and (b) PWPI, a Cayman Islands exempted company that is the holder of 127,612 shares of Common Stock and
(ii) Mr. Park, as the sole member and manager of PWAM.

The 1,183,418 shares of
Common Stock held in the aggregate by the PW Funds, which constitutes approximately 5.1% of the shares of Common Stock deemed
issued and outstanding as of February 8, 2018, may be deemed to be beneficially owned (x) indirectly by PWAM, as the
investment adviser to PWIMF and PWPI, and (y) indirectly by Mr. Park, as the sole member and manager of PWAM.  The
foregoing beneficial ownership percentage is based upon 23,313,156 shares of Common Stock, issued and outstanding as of February
8, 2018, as reported by the Company in its Quarterly Report on Form 10-Q (File No. 000-05734), filed with the Securities
and Exchange Commission on January 26, 2018.

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.

Attention: Intentional misstatements or omissions
of fact constitute

Federal criminal violations (See 18 U.S.C.
1001)

Exhibit Index

Exhibit A

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to
the joint filing on behalf of them of a statement on Schedule 13G (including amendments thereto) with respect to the shares of
Common Stock, $0.30 par value per share, of Agilysys,
Inc., an Ohio corporation, and further agree that this Joint Filing Agreement be included as Exhibit A to such Schedule 13G. In
evidence thereof, the undersigned hereby execute this agreement this 20th day of February, 2018.