Jack Henry & Associates said Board Chair David Foss will retire effective July 15, 2026, ending a 27-year run with the company that began in 1999.
Foss served as president from 2014 to 2022 and as chief executive from 2016 to 2024. He joined the board in 2017 and became chair in 2021. The company said his tenure included work on long-term strategy, technology expansion and the strengthening of its position in banking and credit union software.
Matt Flanigan, the current vice chair and lead independent director, will take over as board chair when Foss steps down. Flanigan has been on Jack Henry’s board since 2007 and has served as lead director since 2012. Before joining the board, he retired in 2019 from Leggett & Platt, where he was executive vice president, chief financial officer and board member. He also spent 13 years in the banking industry in Dallas.
President and CEO Greg Adelson said the company had already prepared for the transition through its succession plan, pointing to Flanigan’s leadership experience, financial background and banking experience.
Jack Henry said it serves approximately 7,400 clients. Following these announcements, the company's shares moved -1.53%, and are now trading at a price of $131.095. For the full picture, make sure to review JACK HENRY & ASSOCIATES INC's 8-K report.
