Jack Henry awards stock to board members

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Last edited 8:34 a.m., Nov. 27, 2018

Before the Thanksgiving holiday, Jack Henry & Associates Inc. (Nasdaq: JKHY) awarded an aggregate 9,168 shares to board members, according to U.S. Securities and Exchange Commission filings.

Based on today’s trading high of $137.60, the shares are worth a combined $1.3 million. Each board member’s 1,146 shares awarded are valued at $157,690 today. The company’s 52-week stock range is $112.30 to $163.68.

The awards were made Nov. 20 to:
    •    Wesley Brown, retired former managing director of KPMG’s corporate finance subsidiary;
    •    Laura Kelley, managing director of Valuation Solutions Group;
    •    Jacque Fiegel, chairman of Central Oklahoma Area of Prosperity Bank;
    •    Matthew Flanigan, chief financial officer of Leggett & Platt Inc. (NYSE: LEG);
    •    Shruti Miyashiro, president and CEO of Orange County’s Credit Union;
    •    Jack Prim, board chairman;
    •    Tom Wilson, managing partner of DecisionPoint Advisors LLC; and
    •    Thomas Wimsett, chairman and managing partner of Wimsett & Co.

During the recently ended fiscal 2018, Jack Henry’s board members were issued $133,426 in stock awards apiece, according to the company’s annual proxy filing with the SEC.

Jack Henry President and CEO David Foss, who’s also on the board, was not issued stock on Nov. 20 with the rest of the members. He was the only board member not included when shares were issued last week.

Jack Henry started fiscal 2019 with first-quarter earnings of $83.6 million, a 25 percent increase from a year earlier.