Defendant Name:
Jack Henry & Associates, Inc.
Defendant Type:
Public Company
SIC Code:
7373
CUSIP:
42628110
Document Reference:
34-79650
Document Details
Legal Case Name
In the Matter of Jack Henry & Associates, Inc.
Document Name
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
Document Date
21-Dec-2016
Document Format
Administrative Proceeding
AAER
3835
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$780,000.00
Shared:
