Jack Henry & Associates Inc.
07/01/2025 | Press release | Distributed by Public on 07/01/2025 14:15
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 30, 2025, as part of a leadership transition plan, David B. Foss stepped down from his role as Executive Chair of Jack Henry & Associates, Inc. (the "Company") and ceased to be an executive officer of the Company. Mr. Foss will remain a director and Chair of the Board of Directors. Following a brief period when Mr. Foss will serve in a non-executive employee role with the Company, Mr. Foss will be compensated in his role as a non-employee director on the same terms as the other non-employee directors, plus a Board Chair annual retainer, anticipated to be $100,000. These director compensation amounts will be pro-rated for the remainder of this year's director term, which expires at the 2025 Annual Meeting of Stockholders.
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