Jack Henry & Associates said Board Chair David Foss will retire effective July 15, 2026, ending a board role he has held since 2017 and a chairmanship that began in 2021.
Matt Flanigan, currently vice chair and lead independent director, will move into the board chair role when Foss steps down. Flanigan has served on the Jack Henry board since 2007 and has been lead director since 2012.
Foss joined Jack Henry in 1999 and spent 27 years with the company. He served as president from 2014 to 2022 and chief executive officer from 2016 to 2024. The company said he helped shape its long-term strategy, expand its technology capabilities, and strengthen its position in banking and credit union software.
Greg Adelson, who is now president and CEO, said the company was already prepared for the transition as part of its succession plan. The leadership change keeps the board under a director with deep financial and banking experience: before joining Jack Henry’s board, Flanigan was executive vice president and chief financial officer of Leggett & Platt until his retirement in 2019, and he spent 13 years in the banking industry in Dallas before that. Today the company's shares have moved 1.58% to a price of $135.235. If you want to know more, read the company's complete 8-K report here.
