Exhibit 99.1
Company: Jack Henry & Associates, Inc. Analyst Contact: Kevin D. Williams
663 Highway 60, P.O. Box 807 Chief Financial Officer
Monett, MO 65708 (417) 235-6652
IR Contact: Jon Seegert
Director Investor Relations
(417) 235-6652
FOR IMMEDIATE RELEASE
---------------------
WESLEY A. BROWN APPOINTED TO JACK HENRY BOARD OF DIRECTORS
Monett, MO - August 31, 2005 - Jack Henry & Associates, Inc. (Nasdaq: JKHY),
a leading provider of integrated computer systems and ATM/debit card/ACH
transaction processing, today announced that it has appointed Wesley A.
Brown, 51, to its Board of Directors. Mr. Brown will fill the open board
seat that resulted from the death of Burton O. George in July 2005. Mr.
George had been a dedicated director since 1987.
This appointment will maintain Jack Henry's seven-member board that includes
four independent outside directors and three corporate officers.
According to Jack Prim, CEO of Jack Henry & Associates, "We again extend our
condolences to the George family, and want to formally acknowledge our
gratitude for Burton's dedicated service and the guidance he consistently
provided. While we will miss his ongoing contributions, we believe we have
filled his seat with a highly qualified and enthusiastic board member."
Mr. Brown is currently the managing director and president of Denver-based
St. Charles Capital, LLC. Prior to founding St. Charles Capital, he served
as managing director of McDonald Investments, Inc. (2001 to 2004), as
executive vice president of the Wallach Company, Inc. (1991 to 2000), and as
senior vice president in the Corporate Finance Department of Boettcher &
Company (1981 to 1990). He was awarded a Masters in Business Administration
from the Graduate School of Business at the University of Chicago, and
obtained his undergraduate degree from the University of Colorado.
Kevin Williams, CFO of Jack Henry & Associates, said, "Wes has extensive
knowledge of financial institutions and the financial services industry,
which is largely based on years as an investment banker specializing in
financings and strategic transactions for commercial banks and thrifts. In
fact, since January 1, 1993, he has personally negotiated approximately half
of all the bank and thrift merger transactions that have occurred in
Colorado. He also has wide experience serving on and leading a number of
local and national Boards of various civic organizations."
"We are excited to add Wes to our Board of Directors and believe his
knowledge and experience will complement his fellow Board members and add
strategic value to Jack Henry," concluded Mr. Prim.
About Jack Henry & Associates
Jack Henry & Associates, Inc. is a leading provider of integrated computer
systems and processor of ATM/debit card/ACH transactions for banks and
credit unions. Jack Henry markets and supports its systems throughout the
United States, and has approximately 7,000 customers nationwide. For
additional information on Jack Henry, visit the company's Web site at
www.jackhenry.com.
Statements made in this news release that are not historical facts are
forward-looking information. Actual results may differ materially from those
projected in any forward-looking information. Specifically, there are a
number of important factors that could cause actual results to differ
materially from those anticipated by any forward-looking information.
Additional information on these and other factors, which could affect the
Company's financial results, are included in its Securities and Exchange
Commission (SEC) filings on Form 10-K, and these statements should be
reviewed by potential investors. Finally, there may be other factors not
mentioned above or included in the Company's SEC filings that may cause
actual results to differ materially from any forward-looking information.