Jack Henry & Associates, Inc. (NASDAQ: JKHY) announced that Board Chair David Foss will retire effective July 15, 2026. Matt Flanigan, current Vice Chair and Lead Independent Director, will assume the Board Chair position upon Foss's retirement.

Foss joined Jack Henry in 1999 and held multiple executive positions throughout his tenure. He served as President from 2014 to 2022 and Chief Executive Officer from 2016 to 2024. He was appointed to the Board in 2017 and named Chair in 2021.

"It has been a privilege to serve this company and our clients over the years," Foss said in a statement. "I'm incredibly proud of what we've accomplished together – from strengthening our culture to advancing our technology modernization strategy."

Flanigan joined the Jack Henry Board in 2007 and has served as Lead Director since 2012. He previously worked as Executive Vice President, Chief Financial Officer, and Board Member of Leggett & Platt, Inc., retiring from that company in 2019. Prior to joining Leggett in 1997, he spent 13 years in the banking industry in Dallas, Texas.

"We will continue to build upon the strong foundation that Dave established," Flanigan said. "The Board remains focused on supporting the company's long-term strategy and disciplined growth."

Greg Adelson, President and CEO of Jack Henry, stated that the company has been prepared for this transition as part of its succession plan, citing Flanigan's leadership experience, financial expertise, and banking background.

Jack Henry is a financial technology company serving approximately 7,400 clients and is a component of the S&P 500 index.