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): March 4, 2015
JACK HENRY & ASSOCIATES, INC.
(Exact name of registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation) | 0-14112 (Commission File Number) | 43-1128385 (I.R.S. Employer Identification No.) |
663 Highway 60, P.O. Box 807
Monett, Missouri 65708
(Address of principal executive office) (Zip Code)
(417) 235-6652
(Registrant's telephone number, including area code)
Not Applicable
(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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On March 4, 2015, the Board of Directors voted to expand the size of the Board to eight members and appointed Shruti S. Miyashiro to the Board to fill the new seat. Ms. Miyashiro will serve as an independent director.
Shruti S. Miyashiro, age 44, is President and Chief Executive Officer of Orange County's Credit Union, which she has led since 2007. Orange County's Credit Union is based in Santa Ana, California with $1.2 billion in assets, 10 branches and over 90,000 members. Prior to her appointment as CEO of Orange County's Credit Union, Ms. Miyashiro held other senior positions in financial services organizations, including President and CEO of Pasadena Federal Credit Union from 2004 to 2007 and President and CEO of Orange County Group, Inc. from 2002 to 2004. Ms. Miyashiro has served in numerous leadership positions in the credit union industry, including state and national committees for the California Credit Union League and the Credit Union National Association, as well as the Board of Directors of CO-OP Financial Services, a large credit union services organization which serves institutions nationwide. Ms. Miyashiro serves on the Advisory Committee for the California Department of Oversight and on the Western CUNA Management School Board of Trustees. Ms. Miyashiro brings to the Board the perspective and experience of a large credit union customer, as Orange County's Credit Union uses the Company's Symitar core software system and many of our complementary products and services. Ms. Miyashiro earned a master's in business administration from the University of Redlands.
The Board of Directors has not assigned Ms. Miyashiro to any Board Committee at this time.
As a customer of the Company, Orange County's Credit Union, during the fiscal year ended June 30, 2014, paid $311,751 to the Company, and paid an estimated $9,000 from July 1, 2014 through December 31, 2014, primarily for software maintenance and data processing services.
Additional information regarding Ms. Miyashiro is detailed in the Company's press release dated March 4, 2015, the text of which is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description |
99.1 | Press release issued on March 4, 2015 by Jack Henry & Associates, Inc. |
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: | March 4, 2015 | By: /s/ Kevin D. Williams | |
Kevin D. Williams | |||
Chief Financial Officer | |||
Exhibit 99.1
Jack Henry & Associates, Inc. | Analyst & IR Contact: | Kevin D. Williams |
663 Highway 60, P.O. Box 807 | Chief Financial Officer | |
Monett, MO 65708 | (417) 235-6652 | |
FOR IMMEDIATE RELEASE
Jack Henry & Associates Names Shruti Miyashiro to Board of Directors
- Appointment expands board to eight members,
seven of whom are independent -
MONETT, Mo., March 4, 2015 - Jack Henry & Associates, Inc. (NASDAQ:JKHY), a leading provider of technology solutions and payment processing services primarily for the financial services industry, announced today that on March 4, 2015, Shruti S. Miyashiro was appointed to its Board as an independent director. Her appointment expands the Board to eight members, including seven independent outside directors and one non-independent director.
Shruti Miyashiro is President and Chief Executive Officer of Orange County’s Credit Union, which she has led since 2007. Orange County’s Credit Union is based in Santa Ana, California with $1.2 billion in assets and serves over 90,000 members. Prior to her appointment as CEO of Orange County’s Credit Union, Ms. Miyashiro held other senior positions in financial services organizations, including President and CEO of Pasadena Federal Credit Union and President and CEO of Orange County Group, Inc.
Ms. Miyashiro has served on numerous committees at the state and national level for the California Credit Union League (CCUL) and Credit Union National Association (CUNA). She currently serves on the Research Council for the Filene Research Institute, on the Advisory Committee for the California Department of Oversight (DBO), and on the Western CUNA Management School Board of Trustees. Ms. Miyashiro is also active in her local community serving on the Foundation Board for Children’s Hospital of Orange County (CHOC).
Ms. Miyashiro holds a Master’s Degree in Business Administration from the University of Redlands, a Bachelor’s Degree in Philosophy from the University of California, Riverside.
According to Jack Prim, chairman and CEO of Jack Henry & Associates, "We are pleased to welcome Shruti to our board. Her active participation and leadership in the credit union industry complements the strengths of our existing board members, and her added perspective as an existing Symitar client will be invaluable.”
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of computer systems and electronic payment solutions primarily for financial services organizations. Its technology solutions serve almost 11,300 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community banks to multi-billion dollar institutions with information processing solutions. Symitar® is the leading provider of information 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 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.