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): July 1, 2021
JACK HENRY & ASSOCIATES, INC.
(Exact name of Registrant as specified in its Charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of Principle Executive Offices) (Zip Code)
(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:
| Title of each class | Ticker symbol(s) | Name of each exchange on which registered | ||||||
| Common Stock, $0.01 par value | JKHY | Nasdaq Global Select Market | ||||||
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 July 1, 2021, the Board of Directors (the “Board”) of Jack Henry & Associates, Inc. (the “Company”) appointed Curtis A. Campbell as a director of the Company to fill the vacancy created by the retirement of John F. Prim.
Curtis A. Campbell, age 49, is President of Software at Blucora, Inc. (Nasdaq: BCOR), where he also previously served as President of TaxAct. Prior to joining Blucora, Mr. Campbell served Capital One Financial Corporation as a Managing Vice President of Consumer Auto from 2017 to 2018 and Intuit Inc., where he was Vice President of Product Management, Strategy, Analytics and Innovation from 2014 to 2017. Mr. Campbell brings extensive experience with infrastructure and cloud computing matters as well as digital development from his work with several technology companies. Mr. Campbell earned a Master’s in International Business from the University of South Carolina.
In connection with Mr. Campbell’s appointment, and pursuant to the Company’s compensation practices for non-employee directors, Mr. Campbell will be granted a prorated portion of the annual cash retainer equaling $15,123 and a prorated portion of the annual director restricted stock unit award equaling $62,384. The Company and Mr. Campbell will enter into the Company’s standard form of indemnity agreement for directors and officers, a copy of which was previously filed as Exhibit 10.8 to the Company’s Annual Report on Form 10-K for the year ended June 30, 1996, and is incorporated herein by reference.
The Company has not entered into any transaction with Mr. Campbell for which disclosure is required under Item 404(a) of Regulation S-K and he will not be employed by the Company. Mr. Campbell was not elected pursuant to any arrangement or understanding between him and any other parties.
Mr. Campbell will serve as a member of the Governance Committee and the Risk and Compliance Committee.
Additional information regarding Mr. Campbell is detailed in the Company’s press release dated July 1, 2021, the text of which is attached hereto as Exhibit 99.1.
Item 8.01
Other Events.
On July 1, 2021, the Board appointed David B. Foss, the Company’s current President and Chief Executive Officer and a current director of the Company, to serve as Board Chair, a role previously held by Mr. Prim. Additional information regarding Mr. Foss’ appointment is detailed in the Company’s press release dated July 1, 2021, the text of which is attached hereto as Exhibit 99.1.
Item 9.01
Financial Statements and Exhibits.
Exhibits
Exh. No. Description
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: | July 1, 2021 | /s/ Kevin D. Williams | |||||||||
| Kevin D. Williams | |||||||||||
| Chief Financial Officer and Treasurer | |||||||||||
| Company: | Jack Henry & Associates, Inc. | Analyst Contact: | Vance Sherard | |||||||||||
| 663 Highway 60, P.O. Box 807 | Director of Investor Relations | |||||||||||||
| Monett, MO 65708 | (417) 235-6652 | |||||||||||||
| Press Contact: | Barbara Miller | |||||||||||||
| Sr. Corporate Communications Manager | ||||||||||||||
| (470) 306-9043 | ||||||||||||||
Jack Henry Announces Changes to its Board of Directors
MONETT, Mo. – July 1, 2021 - 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 it has appointed Curtis Campbell, president of software at Blucora, Inc. to its board of directors and Jack Henry’s current president and chief executive officer, David Foss, as board chair following the retirement of Jack Prim. These appointments are effective July 1, 2021.
Curtis Campbell is president of software at Blucora, Inc. (Nasdaq: BCOR) where he previously served as president of TaxAct. Mr. Campbell brings extensive experience with infrastructure and cloud computing as well as digital development and a keen focus on customer experience from his work with several technology companies. Prior to joining Blucora, Mr. Campbell previously worked with Capital One Financial Corporation as managing vice president of consumer auto and with Intuit Inc. where he was vice president of product management, strategy, analytics, and innovation.
David Foss, president and chief executive officer at Jack Henry, stated, “We are pleased to welcome Curtis to our board of directors. He is a highly respected and seasoned leader with a unique background that includes a track record of achievement in the technology industry combined with a focus on the needs of customers. We are confident Curtis will provide valuable engagement and perspective as we continue to execute on our strategic objectives.”
Mr. Foss, who joined Jack Henry in 1999 when he arranged the sale of BancTec’s financial solutions division to the company, became president in 2014 and CEO in 2016. He has been a member of the Jack Henry board of directors since 2017. After the board vote he noted “Our board is a very talented group of people who come with a wide variety of experiences and backgrounds, so to have been selected as the next board chair by this group is humbling.”
Matt Flanigan, vice chair and lead director of the board, commented, “After a thoughtful and deliberate review process conducted by the board of directors, we are once again combining the positions of CEO and board chair at Jack Henry. Dave is exceptionally well prepared to take on this dual role based upon his outstanding 22 years with the company and his more than 35 years in the financial services industry. Just as we experienced when his predecessor Jack Prim held these joint responsibilities from 2012–2016, the board strongly believes that having Dave serve as both CEO and board chair will be beneficial for our shareholders, customers and employees.”
About Jack Henry & Associates, Inc.
Jack Henry (NASDAQ: JKHY) is a leading SaaS provider primarily for the financial services industry. We are a S&P 500 company that serves approximately 8,500 clients nationwide through three divisions: Jack Henry Banking® provides innovative solutions to community and regional banks; Symitar® provides industry-leading solutions to credit unions of all sizes; and ProfitStars® offers highly specialized solutions to financial institutions of every asset size, as well as diverse corporate entities outside of the financial services industry. With a heritage that has been dedicated to openness, partnership, and user centricity
for more than 40 years, we are well-positioned as a driving market force in cloud-based digital solutions and payment processing services. We empower our clients and consumers with the human-centered, tech-forward, and insights-driven solutions that will get them where they want to go. Are you future ready? Additional information is available at www.jackhenry.com.