(By Balachander) Payment processor Jack Henry & Associates Inc. (NASDAQ:JKHY) elected its chief executive John Prim as the company's Chairman, following the resignation of Michael Henry.
Prim, who has been on the board since 2007, will continue to oversee the Monett, Missouri-based company as CEO.
Henry, who started with the company in 1979, has served as Chairman since 1994.
Meanwhile, the company's independent directors have appointed Matthew Flanigan as "Lead Director."
Flanigan has served as an independent director of Jack Henry & Associates since 2007 and is employed as Senior Vice President and Chief Financial Officer of Leggett & Platt Inc (NYSE:LEG).
The company'?s Jack Henry Banking brand provides integrated data processing systems and its iPay Technologies brand operates as an electronic bill pay for banks and credit unions.
Shares closed at $37.03 on Friday.