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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): April 12, 2004
JACK HENRY & ASSOCIATES, INC.
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(Exact name of Registrant as specified in its Charter)
Delaware 0-14112 43-1128385
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
663 Highway 60, P.O. Box 807, Monett, MO 65708
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(Address of principal executive offices)(zip code)
Registrant's telephone number, including area code: (417) 235-6652
Item 5. Other Events.
On April 12, 2004, Jack Henry & Associates, Inc. ("Jack Henry") issued
a press release (a copy of which is attached to this report) announcing the
acquisition of e-ClassicSystems, Inc.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press release dated April 12, 2004.
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: April 13, 2004
JACK HENRY & ASSOCIATES, INC.
(Registrant)
By: /s/ Kevin D. Williams
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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 Investor Relations
(417) 235-6652
FOR IMMEDIATE RELEASE
JACK HENRY & ASSOCIATES EXPANDS OFFERINGS BY ADDING ATM MANAGEMENT SOLUTIONS
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JKHY TO ACQUIRE E-CLASSICSYSTEMS, INC.
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Monett, MO and Norwood, MA - April 12, 2004 - Jack Henry & Associates, Inc.
(Nasdaq: JKHY), a leading provider of integrated technology solutions that
perform data processing for financial institutions, today announced it has
signed agreements to purchase e-ClassicSystems, Inc. ("e-Classic"). The
terms of the transaction were not disclosed. e-Classic is a premier
provider of a suite of software products developed to enable institutions to
manage the complete operations and accounting of their ATM networks.
Headquartered in Norwood, MA, privately held e-Classics is a profitable
company with experience in ATM management products for financial
institutions and ISO's. e-Classic flagship software solution, ATM Manager
Pro[R], will be targeted to all of our existing financial institutions, non-
core financial institutions and independent sales organizations (ISO's)
which operate ATM networks. The product suite offers six fully-integrated
modules addressing all facets of ATM management.
"We continue to look for complementary products that meet the needs of our
financial institution customers and allow them to operate more efficiently
and profitably and at the same time expand our potential market,"
said Michael E. Henry, Chairman and CEO of JKHY. "After researching the
capabilities associated with this suite of products in the marketplace and
the expected benefits of this type product for our customers, we concluded
that e-Classics was a good fit for our existing and future customer base."
e-Classic currently employs 16 individuals in the greater Boston area.
"e-Classics will continue to operate as a wholly-owned subsidiary and will
market products and services to all of our existing financial institution
customers and to non-core ISO customers," said Jack Prim, President of JKHY.
"We expect to retain all of the e-Classics team, and add additional
personnel as we generate new sales by cross-selling to our existing
customers and adding new footprints outside our current base."
"The focus and mission of our company is to provide best-of-breed software
and services to deployers of ATMs and other self-service devices. We are
delighted to be joining the Jack Henry & Associates team, whose corporate
culture and dedication to excellence mirrors our own," said Tom Meurer,
President of e-Classic. "Our employees and customers will not only continue
to receive excellent service, but also will benefit from the expanded
financial and technological resources of an industry leader."
"The flagship product, ATM Manager Pro is a first-of-its-kind solution for
complete ATM business management. The superior level of products coupled
with the anticipated revenue growth and margin contribution, warranted a
premium valuation," said Kevin D. Williams, CFO of JKHY. "We are confident
that e-Classic will be slightly accretive to earnings this fiscal year and
that it will continue to expand and increase benefits to our stockholders
and customers in the future."
About Jack Henry & Associates
Jack Henry & Associates, Inc. provides integrated computer systems and
processes ATM and debit card transactions for banks and credit unions. Jack
Henry markets and supports its systems throughout the United States and has
over 3,000 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 potential investors should review
these statements. 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)