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JKHY > SEC Filings for JKHY > Form 8-K on 5-Oct-2009All Recent SEC Filings

Show all filings for HENRY JACK & ASSOCIATES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for HENRY JACK & ASSOCIATES INC


5-Oct-2009

Completion of Acquisition or Disposition of Assets, Financial Stateme


ITEM 2.01 ACQUISITION OR DISPOSITION OF ASSETS.

On October 1, 2009, pursuant to the terms and conditions of the Agreement and Plan of Merger, dated as of August 16, 2009 (the "Merger Agreement"), among Jack Henry & Associates, Inc. ("Jack Henry"), Goldleaf Financial Solutions, Inc. ("Goldleaf") and Peachtree Acquisition Corporation, a wholly owned subsidiary of Jack Henry ("Merger Sub"), Merger Sub merged with and into Goldleaf, with Goldleaf continuing as the surviving corporation and as a wholly owned subsidiary of Jack Henry (the "Merger").

As a result of the Merger, each outstanding share of Goldleaf common stock was converted into the right to receive $0.98. As a result of the Merger, Jack Henry paid approximately $19.1 million dollars to Goldleaf stockholders and Jack Henry discharged approximately $44.3 million of Goldleaf's debt.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement, which is attached hereto as Exhibit 2.1 and is incorporated by reference herein. A copy of the press release announcing the completion of the merger is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

The Merger Agreement contains representations and warranties made by and to the parties thereto as of specific dates. The statements embodied in those representations and warranties were made for purposes of that contract between the parties and are subject to qualifications and limitations agreed upon by the parties, which are not necessarily reflected in the Merger Agreement, in connection with negotiating the terms of that contract. In addition, certain representations and warranties were made as of a specified date, may be subject to a contractual standard of materiality different from those generally applicable to investors, or may have been used for the purpose of allocating risk between the parties rather than establishing matters as facts.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(a) Financial statements of businesses acquired.

It is impractical to provide the required financial information at the time of filing this report. The required financial information will be filed by amendment to this Form 8-K not later than December 17, 2009.

(b) Pro Forma Financial Information.

It is impractical to provide the required pro forma financial information at the time of filing this report. The required pro forma financial information will be filed by amendment to this Form 8-K not later than December 17, 2009.

(d) Exhibits

Exhibit No. Description

 2.1        Agreement and Plan of Merger, dated August 16, 2009, among Jack
            Henry & Associates, Inc., Peachtree Acquisition Corporation and
            Goldleaf Financial Solutions, Inc. (incorporated by reference from
            Exhibit 2.1 to the current report on Form 8-K filed by Jack Henry &
            Associates, Inc. on August 17, 2009).

99.1        Press Release dated October 1, 2009 issued by Jack Henry &
            Associates, Inc.


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