UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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): February 4, 2008
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
(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:
|
[ ] |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
[ ] |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a.-12) |
|
[ ] |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
[ ] |
Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On February 4, 2008, Jack Henry & Associates, Inc. ("Jack Henry") issued a press release announcing an increase in its quarterly dividend to $.075 per common share. The press release announcing the increase is attached hereto as Exhibit 99.1.
On February 4, 2008, Jack Henry also issued a press release announcing an addition of five million shares to its existing stock repurchase authorization. The press release announcing the increase is attached hereto as Exhibit 99.2.
Item 9.01 Financial Statements and Exhibits.
|
(c) |
Exhibits |
||
|
99.1 |
Press release dated February 4, 2008. |
||
|
99.2 |
Press release dated February 4, 2008. |
||
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: February 5, 2008 |
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 Investor Relations |
|||
|
(417) 235-6652 |
FOR IMMEDIATE RELEASE
JACK HENRY & ASSOCIATES INCREASES COMMON STOCK
QUARTERLY DIVIDEND 15 PERCENT to $.075 PER SHARE
MONETT, Mo., February 4, 2008 - Jack Henry & Associates, Inc. (Nasdaq: JKHY) today announced that its Board of Directors has increased the quarterly cash dividend 15 percent to $.075 per share. The cash dividend on Jack Henry's common stock, par value $.01 per share, is payable on March 6, 2008 to stockholders of record as of February 19, 2008. At January 29, 2008, there were 87,376,885 shares of JKHY common stock outstanding.
Kevin D. Williams, CFO stated, "This increase in our dividend is reflective of our commitment to our stockholders, and is consistent with one of our stated goals of consistently increasing our dividend. We established our dividend policy in 1990 and we have increased it at some level every year since the initial declaration. The timing of this announcement during our third fiscal quarter is consistent with our historic dividend announcements."
Jack Henry & Associates, Inc. (Nasdaq:
JKHY - News) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 8,700 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar(TM) is the leading provider of information and transaction processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at http://www.jackhenry.com.Exhibit 99.2
|
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, Inc. Adds Five Million Shares to Stock Repurchase Authorization
Monett, MO, February 4, 2008 -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated computer systems and ATM/debit card/ACH transaction processing services, today reported that its Board of Directors increased its existing 10.0 million share stock repurchase authorization by another 5.0 million shares, bringing the total authorization to 15.0 million shares. In September 2001, the company's Board of Directors approved a buyback program authorizing the repurchase of 3.0 million shares of common stock, which was completed during the year ended June 30, 2003. In October of 2002, the Board of Directors approved the current buyback program in the original amount of 3.0 million shares, and on May 2, 2005 it was increased by 2.0 million shares, and on August 28, 2006 it was increased by 5.0 million shares to the current authorization of 10.0 million shares.
"We believe JKHY's stock continues to represent an excellent investment. This increased authorization exhibits the high level of confidence the Board of Directors has in the company's long-term prospects," said Kevin D. Williams, CFO. "We sincerely believe that repurchasing shares of our stock at the current market price is a great use of capital that will drive up earnings per share and provide returns both in the current year and should also compound in the future as we continue to grow."
The company will finance its share repurchases with available cash reserves or short-term borrowings on its existing credit facility. All transactions will be executed in accordance with regulatory and exchange guidelines. The share repurchase program does not include specific price targets or timetables and may be suspended at any time.
Jack Henry & Associates, Inc. is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 8,700 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar(TM) is the leading provider of information and transaction processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at
http://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.