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): May 5, 2017
JACK HENRY & ASSOCIATES, INC.
(Exact name of Registrant as specified in its Charter)
Delaware | 0-14112 | 43-1128385 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
663 Highway 60, P.O. Box 807, Monett, MO 65708
(Address of Principle Executive Offices) (Zip Code)
417-235-6652
(Registrant’s telephone number, including area code)
N/A
(Former name, former address and former fiscal year, 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))
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On May 5, 2017, the Board of Directors voted to expand the size of the Board to nine members and appointed David Foss, President and Chief Executive Officer of Jack Henry & Associates, to fill the new seat. On May 9, 2017, the company issued a press release announcing the appointment of Mr. Foss. A copy of the press release is filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release dated May 9, 2017.
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: | May 9, 2017 | /s/ Kevin D. Williams | |
Kevin D. Williams | |||
Chief Financial Officer and Treasurer | |||
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 | |||
Press Contact: | Jessica Randall | |||
Corporate Communications Manager | ||||
(704) 357-0298 | ||||
Jack Henry & Associates Appoints David B. Foss to Board of Directors
-- Appointment expands Board to nine members, seven of whom are independent --
Monett, Mo., May 9, 2017 - Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Today the company announced that on May 5, 2017, President and Chief Executive Officer David Foss, 55, was appointed to the Board of Directors effective July 1, 2017. His appointment expands the Board to nine members, including seven independent outside directors and two non-independent directors.
Foss began his career in 1985 at NCR as a Systems Engineer installing and supporting core and ancillary banking solutions. He joined Advanced Computer Systems (ACS) in 1989 as a Sales Manager marketing banking solutions to community banks in the upper Midwest. In 1993, Foss left community banking to become BancTec’s Vice President of Professional Services and later Vice President of Operations managing large remittance processing solutions. He became Vice President of Sales for community banking at BancTec in 1997. In 1999 he arranged the sale of BancTec’s financial solutions division to Jack Henry & Associates, Inc., joining the company at that time. From 1999 to the inception of the ProfitStars brand in 2003, he served a dual role as President of the Open Systems group and a General Manager of the Complementary Solutions group. He was named President of ProfitStars in 2004, President of Jack Henry and Associates in 2014, and CEO in 2016.
According to Jack Prim, Executive Chairman of the Board of Directors, "I would like to formally welcome David to the Board. He has done an excellent job of positioning our company as President and CEO and we are confident that he will complement his fellow Board members to help us grow the company in the future."
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 solutions serve more than 10,000 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 a 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.