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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): June 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 5. Other Events.
On June 8, 2004, Jack Henry & Associates, Inc. ("Jack Henry") issued a
press release (a copy of which is attached to this report) announcing that
it has signed agreements to purchase specific assets from Alex eSolutions,
Inc.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press release dated June 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: June 14, 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 CALL REPORTER SOFTWARE
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MONETT, MO. and AUSTIN, TX, June 8, 2004 -- Jack Henry & Associates, Inc.
(Nasdaq: JKHY), a leading provider of integrated technology solutions that
perform data processing for financial institutions, today announced that
it has signed agreements to purchase specific assets including a suite of
regulatory reporting products for the banking industry from Alex eSolutions,
Inc. The transaction was closed with an effective date of June 1, 2004; the
terms were not disclosed.
Two products, more commonly known to existing clients as the Sheshunoff Call
Report and Sheshunoff Y-9, are among the suite of products acquired by Jack
Henry. "Each of the products in the suite assists banks to effectively and
efficiently fulfill regulatory reporting requirements, while streamlining
the process. Every one of our core customers needs these products," stated
Michael E. Henry, Chairman, and CEO of Jack Henry. "Included in this
transaction are over 3,000 current customers, which will represent either
a new customer or another product we now offer to our existing customers."
"These products bring another layer of depth to our existing offerings and
allow us to expand the Jack Henry brand beyond our current core customer
base," said Jack Prim, President of Jack Henry. As of September 2004, the
FDIC will require all transmissions of bank call reports be transmitted
electronically in an XBRL format. "Being in a position to provide compliant
solutions for banks to satisfy this requirement is very important to us. We
are excited about our position in the market to meet that deadline and offer
compliant solutions to the Call Report Modernization initiative," added
Prim.
"Financially, the acquisition should be slightly accretive immediately and
improve over time." stated Kevin D. Williams, Chief Financial Officer of
Jack Henry. "Our history has been to continue operations in the same city
where they existed at the time of an acquisition. Continuing with that same
approach the daily operations will remain in Austin, TX, and will be woven
into our nation-wide internal communication network, which we believe will
minimize any disruption in operations, and avoid what we consider to be
unnecessary expenditures."
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)