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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 EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 18, 2001
JACK HENRY & ASSOCIATES, INC.
(Exact name of Registrant as specified in its Charter)
Delaware 0-14112
43-1128385
(State or other jurisdiction (Commission File Number)
(IRS Employer
of Incorporation) Identification No.)
663 Highway 60, P.O. Box 807, Monett, MO 65708
(Address of principal executive offices)(zip code)
Registrant's telephone number, including area code: (417) 235-6652
ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS
Effective January 18, 2001 Michael R. Wallace has resigned as
President, Chief Operating Officer and director of Jack Henry &
Associates, Inc. to pursue other interests. There was no
disagreement with the Company on any matter relating to the
Company's operations, policies or practices.
The Board of Directors has appointed former Chief Financial Officer,
Terry W. Thompson to serve as President and Chief Operating Officer
of the Company. Former Controller Kevin D. Williams has been
appointed Chief Financial Officer and Treasurer.
The Board of Directors has indicated that it does not intend to
immediately appoint a successor to Mr. Wallace's vacated seat on the
Board of Directors.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) Exhibits
99.1 Company Press Release dated January 18, 2001.
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.
Date: January 18, 2001 JACK HENRY & ASSOCIATES, INC.
By: /s/ Michael E. Henry
Michael E. Henry
Chairman of the Board
Exhibit 99.1
COMPANY: JACK HENRY & ASSOCIATES, INC. ANALYST CONTACT: Michael E. Henry,
663 Highway 60, P.O. Box 807 Chairman and CEO
Monett, MO 65708 417-235-6652
IR CONTACT: Becky Pendleton Reid
The Cereghino Group
(206) 762-0993
FOR IMMEDIATE RELEASE
JACK HENRY & ASSOCIATES NAMES TERRY THOMPSON PRESIDENT AND COO
KEVIN WILLIAMS PROMOTED TO CHIEF FINANCIAL OFFICER
Monett, MO, January 18, 2000 --
Jack Henry & Associates, Inc.
(Nasdaq: JKHY) today announced the
Board of Directors promoted Terry W.
Thompson to the position of
President and Chief Operating
Officer, following the resignation
of Michael R. Wallace. Wallace, who
intends to pursue other interests,
also resigned from the board of
directors.
Thompson has been with the company
since 1990 and served as its Chief
Financial Officer for 10 years.
Kevin D. Williams will advance to
CFO from Controller, a position he
has held since 1998. No successor
has been named to fill the seat on
the board.
"The Board and I have the utmost
confidence in Terry's ability to
provide operational leadership to
Jack Henry & Associates. He is one
of the most able managers in the
business and is very knowledgeable
not only about our finances, but
also on all aspects of our business
philosophy and customer
relationships," said Michael E.
Henry, Chairman and CEO. "Kevin has
proven his financial expertise over
the years and will make an excellent
CFO. I expect this management team
will provide the strong leadership
required to continue delivering
excellent performance for our
customers and shareholders."
Earlier yesterday, the company
reported record results with
revenues up 49% to $80.7 million and
profits up 207% to $12.9 million in
the second quarter ended December
31, 2000 fueled by strong demand
across all sectors of the business.
Earnings per share increased 180% to
$.28, setting a new record for any
quarter in the company's history.
"While gross margins are down
slightly from the September quarter,
our net profitability improved
during the quarter and the year. We
believe the profitability of our
business, regardless of the measure
used, is strong, vibrant and
growing," said Terry W. Thompson.
Net after-tax margins for the
quarter improved to 15.95%, up from
the immediate prior quarter of
15.43% and higher than 15.25%
achieved in all of fiscal 2000. The
company also hosted an earnings
conference call, which can be heard
at www.streetfusion.com through
January 24, 2001.
Terry W. Thompson has served as Jack
Henry & Associates Chief Financial
Officer, Treasurer and Vice
President since 1990 and has over 28
years of experience in finance and
management. He received a Bachelor
of Science degree in Business
Administration (Accounting) from
Southwest Missouri State University
in 1972 and is a Certified Public
Accountant and belongs to the
American Institute of Certified
Public Accountants (AICPA).
Kevin D. Williams is Corporate
Controller for Jack Henry &
Associates, Inc, a position he has
held since joining the company in
July 1998. Formerly, he worked in
public accounting and Jack Henry &
Associates, Inc. was one of his
clients for seven years from 1990
through 1996. Williams received a
Bachelor of Science degree in
Business Administration (Accounting)
from Missouri Southern State College
in 1987, is a Certified Public
Accountant, and belongs to the
American Institute of Certified
Public Accountants (AICPA) and the
Missouri Society of Certified Public
Accountants (MSCPA).
Jack Henry & Associates, Inc.
provides integrated computer systems
and ATM networking products for
banks and credit unions. Jack Henry
markets and supports its systems
throughout the United States and has
over 2,800 customers nationwide.
For additional information on Jack
Henry, visit the company's web site
at www.jackhenry.com.
Statements made in this news release
that are not historical facts are
forward-looking information. Actual
results may differ materially from
those projected in any
forward-looking information.
Specifically, there are a number of
important factors that could cause
actual results to differ materially
from those anticipated by any
forward looking information.
Additional information on these and
other factors which could affect the
Company's financial results are
included in its Securities and
Exchange Commission (SEC) filings on
Form 10-K and its registration
statement filing of August 11, 2000.
These statements should be reviewed
by potential investors. Finally,
there may be other factors not
mentioned above or included in the
Company's SEC filings that may cause
actual results to differ materially
from any forward-looking information.
THIRTY