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): November 29, 2006

Commission File Number 0-14112

JACK HENRY & ASSOCIATES, INC.
(Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation or organization)

43-1128385 (I.R.S. Employer Identification Number)

663 Highway 60, P.O. Box 807, Monett, MO 65708
(417) 235-6652
(Address of principal executive offices and telephone number)

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 5.02  Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

On November 29, 2006, the Board of Directors voted to appoint Marla Shepard and Matthew Flanigan to the Board, with both appointments to be effective January 1, 2007. The Board of Directors also adopted a resolution to expand its size from seven to eight members. Ms. Shepard will fill the new seat on the Board. Mr. Flanigan will fill a seat that will be vacated by the resignation of Joseph Maliekel. Both Ms. Shepard and Mr. Flanigan will serve as independent Board members.

Mr. Maliekel has served on the Board for four years as an independent director, with service on the Compensation and Governance Committees, and as the "financial expert" on the Audit Committee. He has resigned for personal reasons, effective December 31, 2006. The Company expresses its gratitude for his faithful service to the Company.

Marla Shepherd, age 58, is the President and Chief Executive Officer of First Future Credit Union of San Diego, California, where she has been employed for 34 years. She has been the Chief Executive Officer of First Future for the last 25 years. First Future is a large and successful community-chartered credit union in the Southern California market, with over 60,000 members. Credit union systems and services now represent over 18% of the Company's revenues and Marla brings to the Board an intimate knowledge of the credit union marketplace. Ms. Shepherd has been extensively involved in credit union industry organizations, and has had leadership positions in the California Credit Union League, as well as having served on the Credit Union National Administration's Risk Oversight Committee. The Board of Directors has not assigned Ms. Shepherd to any Board Committees at this time.

Matthew Flanigan, age 44, is Senior Vice President and Chief Financial Officer of Leggett & Platt, Incorporated, where he has been employed since 1997. Leggett & Platt, headquartered in Carthage, Missouri, is a Fortune 500 company which manufactures spring components and other products for furniture, bedding, automobiles and many other consumer products. Mr. Flanigan was appointed Senior Vice President in 2005 and became Chief Financial Officer in 2003. Prior positions with Leggett and Platt include President of the Office Furniture and Plastics Components Groups (1999-2003) as well as Staff Vice President - Operations (1997-1999). Matt has prior experience in banking with Societe Generale-Dallas, a successful US lending operation of the large multinational bank (1987 to 1997) and with Interfirst Bank in Dallas (1984 to 1987). Mr. Flanigan has broad operational and financial experience, as well as experience with the oversight and maintenance of accounting, related controls a nd financial reporting. Mr. Flanigan will join the Audit Committee of the Board and will serve as the Audit Committee's "financial expert" under relevant SEC and Nasdaq standards.

Additional information regarding Ms. Shepard and Mr. Flanigan is detailed in the Company's press release dated December 4, 2006, the text of which is attached hereto as Exhibit 99.1.

 

Item 9.01  Financial Statements and Exhibits.

(c)   Exhibits

99.1    Press release dated December 4, 2006.

 

 

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.

 

	JACK HENRY & ASSOCIATES, INC.
		(Registrant)
Date: December 4, 2006		By: /s/ Kevin D. Williams
		--------------------------
		Kevin D. Williams
		Chief Financial Officer

 

Exhibit 99.1

Company:	Jack Henry & Associates, Inc.	Analyst Contact:	Kevin D. Williams
	663 Highway 60, P.O. Box 807		Chief Financial Officer
	Monett, MO 65708		(417) 235-6652
		IR Contact:	Jon Seegert
			Director of Investor Relations
			(417) 235-6652

FOR IMMEDIATE RELEASE

MARLA SHEPHERD AND MATTHEW FLANIGAN
APPOINTED TO JACK HENRY BOARD OF DIRECTORS
- Joseph Maliekel Resigns from Jack Henry Board -

Monett, MO - December 4, 2006 - Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced that on November 29, 2006, Marla Shepherd, 58, and Matthew Flanigan, 44, were appointed to its Board of Directors. Ms. Shepard and Mr. Flanigan will serve as independent Board members, and both appointments will be effective January 1, 2007.

At the November 29, 2006 Board of Directors meeting, a resolution also was adopted that expanded Jack Henry's Board from seven to eight members. This expanded Board will consist of five independent, outside directors and three corporate officers. Ms. Shepard will fill the new Board seat created and Mr. Flanigan will fill the seat being vacated by Joseph Maliekel.

Mr. Maliekel has been an independent director during the past four years, serving on the Compensation and Governance Committees, and as the "financial expert" on the Audit Committee. His resignation from the Board, which was for personal reasons, will be effective December 31, 2006.

Marla Shepherd is president and chief executive officer of the San Diego, California-based First Future Credit Union, where she has been employed for the past 34 years, serving as the CEO for the past 25 years. First Future Credit Union is a large community-chartered credit union successfully serving the Southern California market. Ms. Shepherd has been extensively involved in professional organizations that support the credit union industry. She has held leadership positions in the California Credit Union League, served on the Credit Union National Administration's Risk Oversight Committee and the Board of the International Association of Technology Credit Unions. Ms. Shepherd is Jack Henry's first female Board member.

Matthew Flanigan is senior vice president and chief financial officer of the Carthage, Missouri-based Leggett & Platt, Incorporated, where he has been employed for the past nine years, serving as the CFO for the past three years. Leggett & Platt is a Fortune 500 company that manufactures spring components and other products for furniture, bedding, automobiles, and many other consumer products. Mr. Flanigan has prior experience in the banking industry with having served as first vice president and manager of Societe Generale-Dallas, the domestic lending operation of a large multinational bank; and with Dallas, Texas-based Interfirst Bank. Mr. Flanigan will join the Board's Audit Committee and will serve as that committe e's "financial expert" under relevant SEC and Nasdaq standards.

According to Michael E. Henry, Chairman of the Board of Directors, "I would like to formally thank Joe for his dedication to our Board, for his insight, and for his contributions to the strategic and tactical decisions made during his tenure. I also want to welcome Marla and Matt to our expanded Board. We expect that Marla's intimate knowledge of the credit union industry and marketplace will be instrumental considering that more than 18 percent of Jack Henry's revenue is now generated by the products and services we provide to credit unions. We also expect that Matt's broad operational and financial experience, including oversight of accounting, related controls, and financial reporting will generate material benefits for us as well. We are sincerely excited to add Marla and Matt to our Board of Directors and believe they will fundamentally complement their fellow Board members. We are confident that our two Boa rd seats have been filled by highly qualified and enthusiastic members."

About Jack Henry & Associates

Jack Henry & Associates, Inc. is a leading provider of integrated technology solutions and data processing services for financial institutions.  Jack Henry markets and supports its systems throughout the United States, and has more than 8,700 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 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.

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