Executive compensation shifts at Jack Henry

David Foss is the top-paid officer at the company.

Compensation increased for two of the five top executives at Jack Henry & Associates Inc. (Nasdaq: JKHY).

In an Oct. 4 proxy filing with the U.S. Securities and Exchange Commission, the Monett-based financial software firm reported Chief Operating Officer Gregory Adelson and Chief Technology Officer Teddy Bilke posted total compensation increases – due, in part, to nonequity incentive plan compensation gains – for the fiscal year that ended June 30. President and CEO David Foss, Chief Financial Officer Kevin Williams and General Counsel Craig Morgan had decreases.

While his compensation dropped in fiscal 2021, Foss remained the top-paid executive at Jack Henry. His total compensation dropped 21% to $8.7 million, due largely to fewer stock awards, according to the SEC filing.

Jack Henry's top executives, by fiscal 2020 total compensation, are:
• Foss, $8.7 million, down 21%;
• Williams, $2.2 million, down 1.6%;
• Adelson, $2 million, up 21.3%;
• Morgan, $1.1 million, down 42%; and
• Bilke, $1 million, up 6.3%.

In fiscal 2021, Jack Henry's profits grew 5% to $311.5 million, according to past reporting.