JACK HENRY & ASSOCIATES INC
For the period ended Jun 30, 2024. Filed Oct 3, 2024.
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Jun 30, 2024 · Filed Oct 3, 2024
Contents
Summary Compensation Table
The following table sets forth certain information with regard to the compensation paid to (1) Mr. Foss (our Chief Executive Officer during fiscal 2024), (2) Ms. Carsley (our Chief Financial Officer), and (3) Messrs. Adelson, Morgan, and Zengel (the Company’s three other most highly compensated executive officers that were serving as executive officers as of the end of fiscal 2024) (collectively, our “Named Executives”) during the fiscal years ended June 30, 2024, 2023, and 2022.
| Name and Principal Position | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Plan Compensation | All Other Compensation | Total |
|---|---|---|---|---|---|---|---|---|
| ($) | ($) | ($) (1) | ($) | ($) (2) | ($) (3) | ($) | ||
| David B. FossChief Executive Officer | 2024 | 865,000 | - | 8,728,670 | - | 1,352,968 | 16,500 | 10,963,138 |
| 2023 | 858,750 | - | 8,571,735 | - | 991,979 | 16,562 | 10,439,026 | |
| 2022 | 840,000 | - | 7,557,777 | - | 1,345,365 | 15,250 | 9,758,392 | |
| Gregory R. Adelson President and Chief Operating Officer | 2024 | 580,750 | - | 2,038,836 | - | 611,573 | 16,788 | 3,247,947 |
| 2023 | 556,602 | - | 1,478,556 | - | 405,645 | 10,812 | 2,451,615 | |
| 2022 | 480,721 | - | 1,203,071 | - | 481,879 | 14,173 | 2,179,844 | |
| Mimi L. Carsley (4)Chief Financial Officer and Treasurer | 2024 | 496,375 | - | 1,684,218 | - | 577,097 | 26,506 | 2,784,196 |
| 2023 | 475,000 | - | 1,479,246 | - | 356,517 | - | 2,310,763 | |
| Craig K. MorganGeneral Counsel and Secretary | 2024 | 434,300 | - | 938,072 | - | 411,615 | 19,403 | 1,803,390 |
| 2023 | 415,917 | - | 982,948 | - | 290,250 | 18,278 | 1,707,393 | |
| 2022 | 370,076 | - | 522,806 | - | 319,562 | 14,761 | 1,227,205 | |
| Stacey E. ZengelFormer Senior Vice President and President of Jack Henry Bank Solutions | 2024 | 386,830 | - | 375,906 | - | 203,680 | 16,692 | 983,108 |
| 2023 | 380,187 | - | 394,028 | - | 138,239 | 10,812 | 923,266 | |
| 2022 | 368,175 | - | 374,555 | - | 207,390 | 14,857 | 964,977 | |
(1)Reflects grants of performance shares and restricted stock units on August 4, 2021, August 4, 2022, and August 4, 2023, under the Company’s Equity Incentive Plan to the Named Executives. The 2023 amount for Ms. Carsley includes a one-time grant of restricted stock units on July 17, 2022 in connection with her joining the Company. Information about the assumptions used to determine the fair value of equity awards is set forth in our Annual Report on Form 10-K in Note 10 to our consolidated financial statements for the year ended June 30, 2024.
(2)Reflects amounts paid to the Named Executives following the end of the fiscal year based upon achievement of performance goals under the Company’s Annual Incentive Plans. These amounts were earned and accrued in the fiscal year listed and paid in the following fiscal year.
(3)Reflects matching contributions to the individual’s accounts pursuant to the Company’s 401(k) Retirement Savings Plan (the “Retirement Plan”).
(4)Ms. Carsley was not a Named Executive during fiscal 2022.
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