YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Jack Henry & Associates' board has a new chairperson and director.
SBJ file
Jack Henry & Associates' board has a new chairperson and director.

Jack Henry switches up board

Posted online

Last edited 8:19 a.m., July 13, 2021

Jack Henry & Associates Inc. (Nasdaq: JKHY) conducted a previously announced leadership change on its board and added a new director, as well.

David Foss, president and CEO of the Monett-based financial software firm, became board chairperson yesterday. He succeeds Jack Prim, who retired. A software industry executive also was appointed as a new member to the board, according to a news release.

Curtis Campbell, president of software at Blucora Inc. (Nasdaq: BCOR), is the new director. The board now has nine members, including former Leggett & Platt Inc. Chief Financial Officer Matthew Flanigan, according to the company's investor relations website.

"We are confident Curtis will provide valuable engagement and perspective as we continue to execute on our strategic objectives," Foss said in the release. "He is a highly respected and seasoned leader with a unique background that includes a track record of achievement in the technology industry combined with a focus on the needs of customers."

The board chairperson change was announced in early May. Prim retired June 30 after 26 years with the company.

In the release, Flanigan said the board decided to bring back a policy that combines the CEO and board chairperson roles.

"Dave is exceptionally well prepared to take on this dual role based upon his outstanding 22 years with the company and his more than 35 years in the financial services industry," Flanigan said in the release. "Just as we experienced when his predecessor Jack Prim held these joint responsibilities from 2012–2016, the board strongly believes that having Dave serve as both CEO and board chair will be beneficial for our shareholders, customers and employees."

In Jack Henry's fiscal third quarter, net income was down 3% to $71.4 million on revenue of $433.8 million, a 1% increase.

JKHY shares were trading at $165.20 as of 11:01 a.m., compared with a 52-week range of $141.65 to $200.98 per share.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: Revival 98

Revival 98 opened a dispensary; the 101st store for Andy’s Frozen Custard Inc. debuted; and Collectomaniacs card shop consolidated two stores in a move.

Most Read
SBJ.net Poll
Among issues facing the city, how important is the shortage of police officers?

*

View results