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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): September 8, 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 8.01 Other Events.
On September 8, 2004, Jack Henry & Associates, Inc. ("Jack Henry")
issued a press release (a copy of which is attached to this report)
announcing its planned acquisition of Select Payment Processing, Inc.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
99.1 Press release dated September 8, 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: September 8, 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 ANNOUNCES ACQUISITION OF
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SELECT PAYMENT PROCESSING, INC.
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MONETT, MO - September 8, 2004 - Jack Henry & Associates, Inc. (Nasdaq:
JKHY), a leading provider of integrated computer systems and ATM/debit card
transaction processing, announced today its planned acquisition of
privately-held Texas-based Select Payment Processing, Inc., the provider of
an innovative electronic check processing solution for financial
institutions, third-party payment processors, government entities, utility
companies, and online and offline merchants. The acquisition is pending
Select Payment's shareholder approval, which is expected within the coming
weeks.
Select Payment's fully integrated, Web-based electronic check processing
system converts paper-based checks into electronic checks, processes them
through the ACH network commonly used for direct deposit payroll, automates
returned check re-presentment, generates real-time reporting, and supports
proactive risk management. Using a patent-pending process, the innovative
system supports one-time and recurring payments by taking check and bank
account information directly over the Internet or telephone, and processing
it in a totally secure environment.
Jack Prim, CEO of Jack Henry & Associates, said, "Integrating Select
Payment's innovative system with our existing electronic payment products
and services will enhance our product line, and provide additional revenue
generating opportunities for our bank and credit union clients."
William Chaney, president and CEO of Select Payment stated, "According to
the National Automated Clearing House Association, less than 70 percent of
U.S. households have a credit card, while 90 percent have a checking
account. Our turnkey electronic check processing solution enables business
to cost-effectively target this large segment of the population by combining
the flexibility and immediacy of electronic payments with the familiarity of
paying by check. Whether a business finds customers online, by phone,
through the mail, or in person, Select Payment efficiently supports
consumers who prefer to pay by check."
Kevin Williams, CFO of Jack Henry & Associates, said, "Select Payment's
innovative ACH processing solution generates instant check payments, which
in-turn generates an array of benefits for commercial entities, including
expedited check processing, accelerated cash availability, significantly
reduced operating costs, and the ability to proactively respond to today's
service- and convenience-related demands. We expect this acquisition to be
slightly accretive in this fiscal year."
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 5,900 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)