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JKHY Stock Price Correlated With Jack Henry & Associates Financials
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Income Statement
Cash Flow
Balance Sheet
JKHY Income Statement
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JKHY Cash Flow
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JKHY Balance Sheet
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COMPANY PROFILE
NOTE 2. ADDITIONAL INTERIM FOOTNOTE INFORMATION The following additional information is provided to update the notes to the Company’s annual consolidated financial statements for the developments during the three months ended September 30, 2010. Common stock The Board of Directors has authorized the Company to repurchase shares of its common stock. Under this authorization, the Company may finance its share repurchases with available cash reserves or short-term borrowings on its existing credit facilities. The share repurchase program does not include specific price targets or timetables and may be suspended at any time. At June 30, 2010 and September 30, 2010, there were 14,407 shares in treasury stock and the Company had the remaining authority to repurchase up to 5,584 additional shares. The total cost of treasury shares at September 30, 2010 is $309,585. There were no repurchases of treasury stock during the three months ended September 30, 2010. Commitments and contingencies For fiscal 2011, the Board of Directors approved bonus plans for its executive officers and general managers for the current fiscal year. Under the plan, bonuses may be paid following the end of the current fiscal year based upon achievement of operating income targets and upon attainment of a superior return on average assets in comparison with a group of peer companies selected by the Compensation Committee. For general managers, one half of each manager’s bonus is contingent upon meeting individualized business unit objectives established by the executive officer to whom the general manager reports. The Company has entered into agreements that provide its executive officers with compensation totaling two years’ base salary and target bonus in the event the Company terminates the executive without cause within the period from 90 days before to two years after a change in control of the Company. The Company has also entered into agreements that provide its general managers with compensation totaling one year of base salary and target bonus under circumstances identical to those contained in the executive officer agreements.
Free historical financial statements for Jack Henry & Associates Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 54 quarters since 2010. Compare with JKHY stock chart to see long term trends.
Data imported from Jack Henry & Associates Inc. SEC filings. Check original filings before making any investment decision.