JACK HENRY Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
JACK HENRY Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
As previously disclosed, John F. Prim, the Company’s former Chief Executive Officer, was appointed Executive Chairman of the Company effective July 1, 2016. Consistent with the planned transition of leadership responsibilities to David B. Foss, the Company’s current President and Chief Executive Officer, Mr. Prim’s annual base salary will be reduced from $620,000 to $310,000 effective April 1, 2017.
About JACK HENRY & ASSOCIATES, INC. (NASDAQ:JKHY)
Jack Henry & Associates, Inc. is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union). It provides its products and services through approximately three business brands, which include Jack Henry Banking, Symitar and ProfitStars. The Core software system consists of the integrated applications required to process deposit, loan, and general ledger transactions, and to maintain centralized customer/member information. Jack Henry Banking markets over three software systems to banks and Symitar markets over two software systems to credit unions. Its subsidiaries include Jack Henry Services, Inc., Symitar Systems, Inc. and Bayside Business Solutions, Inc. JACK HENRY & ASSOCIATES, INC. (NASDAQ:JKHY) Recent Trading Information
JACK HENRY & ASSOCIATES, INC. (NASDAQ:JKHY) closed its last trading session up +0.27 at 94.02 with 206,773 shares trading hands.
Jack Henry & Associates, Inc. is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union). It provides its products and services through approximately three business brands, which include Jack Henry Banking, Symitar and ProfitStars. The Core software system consists of the integrated applications required to process deposit, loan, and general ledger transactions, and to maintain centralized customer/member information. Jack Henry Banking markets over three software systems to banks and Symitar markets over two software systems to credit unions. Its subsidiaries include Jack Henry Services, Inc., Symitar Systems, Inc. and Bayside Business Solutions, Inc. JACK HENRY & ASSOCIATES, INC. (NASDAQ:JKHY) Recent Trading Information
JACK HENRY & ASSOCIATES, INC. (NASDAQ:JKHY) closed its last trading session up +0.27 at 94.02 with 206,773 shares trading hands.
