Jack Henry & Associates Appoints New Director; Board Reduced to Nine

What Happened
Jack Henry & Associates, Inc. announced on Aug. 20, 2026 that Richard N. Preece (age 51) was appointed to its Board of Directors to fill the vacancy created when David B. Foss retired on July 15, 2026. The Board also voted to reduce its size from ten directors to nine, effective immediately prior to the 2026 Annual Meeting of Stockholders, where nine nominees are expected to stand for election. Wes Brown will not stand for re-election due to the company’s mandatory retirement policy (age 72). Mr. Preece was deemed an independent director by the Board.

Key Details

• Appointment date: August 20, 2026; vacancy created by David B. Foss’s retirement on July 15, 2026.
• New director background: Richard N. Preece is CEO of Liminex, Inc. (GoGuardian); formerly COO at LegalZoom (2019–2024) and held leadership roles at Intuit (2002–2019). He is a named inventor on four U.S. patents.
• Compensation: Preece will receive a prorated restricted stock unit award worth approximately $45,479 and is eligible for a $70,000 annual director cash retainer (paid quarterly). He will also receive prorated committee retainers of $15,000 each for service on the Human Capital & Compensation Committee and the Risk & Compliance Committee.
• Governance: The company and Preece will enter the standard director/officer indemnification agreement; no related-party transactions requiring disclosure under Item 404 were reported.

Why It Matters
This filing updates investors on a change in board composition and governance ahead of the company’s 2026 Annual Meeting. The addition of Richard Preece brings operational and product-development experience from financial-technology and software companies, which could influence oversight of strategy and technology initiatives. The financial impact is limited and routine: the compensation disclosed is standard non-employee director pay (prorated equity and cash retainers). The board reduction and mandatory retirement policy clarify future director slate size for shareholders.