View:
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 2, 2003
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 5. Other Events.
On January 2, 2003, Jack Henry & Associates, Inc. ("Jack Henry") issued
a press release (a copy of which is attached to this report) announcing the
acquisition of National Bancorp Data Services, LLC.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press release dated January 2, 2003.
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 3, 2003
JACK HENRY & ASSOCIATES, INC.
(Registrant)
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: Becky Pendleton Reid
The Cereghino Group
(206) 762-0993
FOR IMMEDIATE RELEASE
---------------------
JACK HENRY & ASSOCIATES ACQUIRES NATIONAL BANCORP DATA SERVICES
---------------------------------------------------------------
EXPANDS ITEM CAPTURE SERVICE IN CHICAGO AREA MARKET
---------------------------------------------------
Monett, MO and Chicago, IL -- January 2, 2003. Jack Henry & Associates,
Inc. (Nasdaq: JKHY), a leading provider of technology solutions for
financial institutions, today announced it has purchased National Bancorp
Data Services, LLC (NBDS), an item capture processor. The terms of the cash
transaction were not disclosed. NBDS currently provides item capture and
check imaging services for 14 banks. NBDS services financial institutions
in the greater Chicago communities in Northern Illinois, Southern Wisconsin
and Northern Indiana, generating approximately $1.5 million in revenues in
2002.
"Our ability to provide a full-service outsourcing solution in the Chicago
market is greatly enhanced by this acquisition: It completes our footprint
in this important geographic area, which is home to a large number of
financial institutions," said Michael E. Henry, Chairman and CEO of JKHY.
Proximity of item capture services can be an important factor in winning new
outsourcing contracts because of the time-sensitive nature of item capture.
Banks must expeditiously process and clear the multitude of individual
transactions enacted each day by its customers.
"By having item capture services in this area, we are enhancing competitive
opportunities for us in the region, and solidifying our relationship with
the NBDS banks who are currently being processed by one of our data
processing locations," said Jack Prim, President of JKHY. NBDS will
continue to operate in its current facilities in Streamwood, Illinois,
with 18 employees.
"NBDS is a profitable, cash-flow positive company with a talented and
experienced workforce. In keeping with our overall strategic plan, this
acquisition is expected to be slightly accretive to earnings in 2003,"
said Kevin D. Williams, CFO. "In a broader context, we also expect it
to contribute to an expansion of data processing revenue in our existing
data centers."
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 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.