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Solon-based Agilysys settles dispute with hedge fund operator

The Plain Dealer – Solon software company Agilysys Inc. has settled its differences with New York hedge fund operator and investor Ramius LLC by appointing two Ramius associates to its board of directors.

The action, which Agilysys announced this week, forestalled the threat of a proxy dispute after it nominated three of its own candidates to the board and Ramius, which owns 13 percent of the company, balked at its choices. Agilysys agreed not to expand the board beyond its current nine members.

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