YOUR BUSINESS AUTHORITY

Springfield, MO

Jack Henry exec’s compensation doubles with promotion

Posted online

David Foss’ promotion to CEO of Monett-based financial software firm Jack Henry & Associates (Nasdaq: JKHY) doubled his compensation, according to a filing yesterday with the U.S. Securities and Exchange Commission.

Foss, who was promoted to CEO in addition to his job as president in July 2016, received a 101 percent increase in total compensation to $4 million last fiscal year compared with $1.99 million in fiscal 2016.

In the transition year, the compensation for Foss’ predecessor, Jack Prim, dropped to $1.5 million for the fiscal year ended June 30. Prim, who’s now executive chairman of the board, earned $4 million in the prior fiscal year, according to the proxy statement filed with the SEC.

Jack Henry reported compensation increases for its two other top officers in fiscal 2017.

Chief Financial Officer Kevin Williams’ compensation rose 10 percent to $1.7 million last fiscal year, and Chief Technology Officer Mark Forbis’ total grew 13 percent to $944,024, according to the SEC filing.

The release of Jack Henry’s annual proxy statement follows the Oct. 2 publishing of Springfield Business Journal’s list of the highest-paid executives leading publicly traded companies in southwest Missouri.

Leggett & Platt Inc. (NYSE: LEG) CEO Karl Glassman topped the list with total 2016 compensation of $8.1 million. He was followed by O’Reilly Automotive Inc. (Nasdaq: ORLY) CEO Greg Henslee, at $4.6 million.

Jack Henry’s Prim was third on the list. His latest compensation disclosed in the proxy filing yesterday would move him down to No. 8, and Foss, who was sixth on SBJ’s list, would move up to third.

Other top executives on SBJ’s recent list, along with their title, company and 2016 compensation are:
    •    No. 4 Matthew Flanigan, CFO of Leggett & Platt, with 2016 compensation of $2.7 million;
    •    No. 5 Tom McFall, CFO of O’Reilly Automotive, $2.4 million;
    •    No. 7 Jack Crusa, senior vice president of Leggett & Platt, $1.6 million;
    •    No. 8 Perry Davis, executive vice president of Leggett & Platt, $1.5 million; and
    •    No. 10 Mitch Dolloff, executive vice president of Legett & Platt, $1.46 million.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

From the Ground Up: Culver’s

Springfield’s third Culver’s restaurant is underway at 1400 E. Sunshine St.

Most Read
SBJ Live logo
MOST-WATCHED VIDEOS
Four Tips for Better Product Labels

Not all labels are created equal. Natalie Menzies-Spradlin with Ample Industries gives you four things to think about to make sure your labels are durable, cost effective and meet your product …

Living Quote - Reach for the Stars “My dad encouraged me and told me to continue my education, no matter how hard it is, and now I’m a year into my doctorate degree.” says Melissa Sorah, who works in sales at Youngblood Nissan. …
Networking? Always Follow Up. “I think networking has been key too the core success I’ve had,” says Bruce Nasby, President of Global Advisory Associates. Nasby recommends sending an email specifically detailing who you are, …
Booked - Passion and Perseverance “Being in higher education, we kind of devour books,” says Carol Taylor, President of Evangel University. She recommends Angela Duckworth’s “Grit: The Power of Passion and Perseverance.” …
Learn Something about Everything “Try to learn something about everything and everything about something,” says Larissa Warren, an associate with Husch Blackwell and one of Springfield Business Journal’s Trusted Advisers for …