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Posted 22 January, 2024

JACK HENRY & ASSOCIATES INC appointed new CEO

CEO Change detected for ticker Nasdaq:JKHY in a 8-K filed on 22 January, 2024.


  On January 19, 2024, the Board of Directors (the "Board") of Jack Henry & Associates, Inc. (the "Company") adopted a transition plan pursuant to which Gregory R. Adelson will be appointed Chief Executive Officer and President of the Company, effective July 1, 2024.  

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Overview of JACK HENRY & ASSOCIATES INC
Business/Consumer Services • Computer Services
Jack Henry & Associates, Inc. is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information. The Payments segment includes secure payment processing tools and services including ATM, debit, and credit card processing services, online and mobile bill pay solutions, ACH origination and remote deposit capture processing, and risk management products and services. The Complementary segment focuses on additional software, hosted processing platforms, and services including call center support, network security management, consulting, and monitoring. The Corporate and Other segment offers hardware and other products. The company was founded by Jerry D. Hall and John W. Henry in 1976 and is headquartered in Monett, MO.
Market Cap
$12.7B
View Company Details
JACK HENRY & ASSOCIATES INC by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 19, 2024, the Board of Directors (the "Board") of Jack Henry & Associates, Inc. (the "Company") adopted a transition plan pursuant to which Gregory R. Adelson will be appointed Chief Executive Officer and President of the Company, effective July 1, 2024. Mr. Adelson currently serves as Chief Operating Officer and President of the Company. 

In connection with Mr. Adelson's appointment, David B. Foss, who currently serves as Board Chair and Chief Executive Officer, will resign from his role as Chief Executive Officer and assume the role of Executive Board Chair, effective July 1, 2024. 

The Human Capital & Compensation Committee of the Board will determine the compensation to be paid to Mr. Adelson and Mr. Foss as part of the Committee's annual review of executive compensation.

Any information required by Items 401(b), (d) and (e) and Item 404(a) of Regulation S-K is disclosed in the Company's proxy statement filed with the Securities and Exchange Commission on October 5, 2023.

Additional information regarding the transition plan is detailed in the Company's press release dated January 22, 2024, the text of which is attached hereto as Exhibit 99.1.