Exhibit 99.1
Company: Jack Henry & Associates, Inc. Analyst Contact: Michael E. Henry,
663 Highway 60, P.O. Box 807 Chairman and CEO
Monett, MO 65708 (417) 235-6652
IR Contact: Becky Pendleton Reid
The Cereghino Group
(206) 762-0993
For Immediate Release
JACK HENRY & ASSOCIATES NAMES JACK PRIM CHIEF OPERATING OFFICER
ED RHEA PROMOTED TO VICE PRESIDENT
Monett, MO, May 7, 2001 -- Jack Henry & Associates, Inc. (Nasdaq: JKHY)
today announced the Board of Directors has promoted Jack Prim to the
position of Chief Operating Officer from General Manager of the E-Services
Division. Ed Rhea is being promoted to Vice President and remains National
Sales Manager. Both promotions will be effective July 1, 2001. Terry
Thompson, who formerly held the title of COO, continues as President.
"With more than 24 years of industry experience, Jack brings a wealth of
knowledge on financial services and a deep understanding of our technology.
Jack's background is ideally suited to running the day-to-day-operations,
freeing Terry and myself to focus on more strategic areas," said Michael
Henry, Chairman and CEO. "We are fortunate to have Ed Rhea, a very strong
and capable manager, to lead our national sales team. His 13-year career
with us has been exemplary, and we are confident that under his leadership
our sales team will continue to generate excellent results."
"In the past five years, our revenues have more than tripled, and we've
grown substantially on virtually every measure including customers,
employees, products, divisions and offices. To stay ahead of the growth
curve, we've worked to streamline our reporting arrangements and realign
responsibilities to improve efficiency and productivity," said Terry
Thompson, President. "These management promotions provide further depth to
our top management team and greater flexibility for us to meet the demands
of our investors, customers, employees and other shareholders."
At Burroughs Corporation (now Unisys -- NYSE:UIS) and Broadway & Seymour,
Inc. (BSI -- now a division of Science Applications International
Corporation), Prim enhanced his leadership skills, technology expertise,
banking knowledge, and sales and marketing ability. Recognizing his talents
in 1987, BSI promoted him to National Sales Manager, responsible for direct
sales efforts in the community banking market. Subsequently, he was given
direct responsibility for BSI's service bureau business units, promoted to
VP of Outsourcing Operations and chosen to head BSI's Liberty[TM] Customer
Support division.
His knowledge and expertise were critical to naming him General Manager of
the Liberty division when JKHY acquired BSI's Community Banking Division in
1995. In 2000, Jack was named General Manager of the E-Services division,
responsible for OutLink Data Centers, Centurion Disaster Recovery[TM],
CommLink[TM], and FormSmart[TM]. He received his Bachelor of Arts degree in
Business Administration from the University of North Carolina at Charlotte
and his Masters of Business Administration from Queens College in Charlotte,
North Carolina. Jack is married with three children and resides in
Charlotte.
Ed Rhea has served as General Manager of Sales and Marketing since July
1996. Prior to his current position as General Manager, Rhea served as
Manager of Installation Services from August 1994 to July 1996 and
Silverlake Installation Manager from January 1991 to July 1994. Rhea began
his career with Jack Henry & Associates in January 1988 as an installation
technician. Before joining Jack Henry & Associates, he attended Missouri
Southern State College in Joplin, Missouri. Ed and his wife reside in
Monett, Missouri, with their daughter.
Jack Henry & Associates, Inc. provides integrated computer systems and
processes ATM and debit card transactions for banks and credit unions. Jack
Henry markets and supports its systems throughout the United States and has
over 2,800 customers nationwide. For additional information on Jack Henry,
visit the company's web site at www.jackhenry.com.
Thirty