Defendant Name: Jack Henry & Associates, Inc.

Defendant Type: Public Company
SIC Code: 7373
CUSIP: 42628110

Initial Case Details

Legal Case Name In the Matter of Jack Henry & Associates, Inc.
First Document Date 21-Dec-2016
Initial Filing Format Administrative Action
File Number 3-17742
Allegation Type Issuer Reporting and Disclosure
AAER 3835

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-11
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 21-Dec-2016
Headline Total Penalty and Disgorgement $780,000

Related Documents:

34-79650 21-Dec-2016 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings, Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On December 21, 2016, the SEC instituted a settled proceeding against Jack Henry & Associates, Inc. According to the SEC: "During the time period from fiscal year ended June 30, 2012 through fiscal year ended June 30, 2014, Jack Henry & Associates, Inc. ("JKHY"), a banking software company, materially misstated its revenue, net income, and other financial metrics in certain of its annual and quarterly reports filed with the Commission and in certain of its earnings releases."