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Jack Prim nets $1 million from the market value sale of 9,650 company shares.
Jack Prim nets $1 million from the market value sale of 9,650 company shares.

Jack Henry chairman sells $1M in stock

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Jack Henry & Associates Inc. (Nasdaq: JKHY) Executive Chairman Jack Prim this week sold $1 million worth of the Monett-based technology firm’s stock.

Prim on June 13 disposed of 9,650 shares at roughly $103.89 apiece, for a profit of just over $1 million, according to a U.S. Securities and Exchange Commission filing.

The company’s former CEO, Prim now owns 206,164 shares.

Prim’s salary was halved to $310,000 on April 1 following last year’s promotion of David Foss to the CEO role. Foss also filled the newly opened ninth spot on Jack Henry’s board in May.

Also in May, Jack Henry reported fiscal third-quarter net income of $60 million, an 11 percent increase.

JKHY shares were trading at $102.97 at 8:44 a.m., compared with a 52-week range of $79 to $106.46. The company’s 52-week high was posted May 31.

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