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Gregory R. Adelson

President and Chief Executive Officer at JACK HENRY & ASSOCIATES
Since July 1, 2024
Age
60 years
Education
Holds an accounting degree.
Tenure
Joined JKHY in 2011 as Group President of iPay Solutions; promoted to General Manager in 2014, became COO in November 2019, named President in January 2022, and assumed the role of President and CEO in July 2024.

Also at JACK HENRY & ASSOCIATES

MLC
Mimi L. Carsley
Chief Financial Officer and Treasurer
RAS
Renee A. Swearingen
Senior Vice President, Chief Accounting Officer, and Assistant Treasurer
SGM
Shanon G. McLachlan
Senior Vice President and Chief Operating Officer

About

Gregory R. Adelson is the President and Chief Executive Officer of Jack Henry & Associates, Inc., leading the company with a focus on innovative payment technology and streamlined service delivery. His career at the company has been marked by a series of progressive leadership roles, starting with his arrival in 2011 as Group President of iPay Solutions, followed by promotions to General Manager, Chief Operating Officer, and President before his elevation to CEO in 2024.

Throughout his tenure, he has been instrumental in initiatives such as the development of the PayCenter payments hub and the strategic acquisition of Ensenta Corporation, reflecting his commitment to modernizing and optimizing payment processing systems. His leadership style emphasizes strategic execution and continuous innovation as he steers the firm through evolving industry challenges.

Prior to his impactful journey at JKHY, he held executive roles in other payment processing companies, enhancing his depth of experience in the field. He also holds an accounting degree, which has provided a strong foundation for his financial and operational expertise.

$JKHY Performance Under Gregory R. Adelson

Past Roles

OrganizationRoleDate RangeDetails
JKHY Chief Operating Officer (COO) Nov 2019 - Jul 2024 Ended upon promotion to CEO
JKHY President Jan 2022 - Jul 2024 Held concurrently with COO
JKHY General Manager of JHA Payment Solutions 2014 - Nov 2019 Managed the payment solutions business
JKHY Group President of iPay Solutions 2011 - 2014 Oversaw the online bill pay business unit
National Processing Company Chief Operating Officer N/A Held executive role in payment processing
ChoicePay President N/A Held executive role in payment processing

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$586,500Annual (FY 2024)2.0% increase from FY 2023 base salary of $575,000
All Other Compensation$16,788Annual (FY 2024)Matching contributions to 401(k) Retirement Savings Plan

Performance Compensation

Data from  FY 2024

Annual Incentive Plan (Cash Bonus)

MetricWeightThreshold/Target/MaxActual Performance
Adjusted Operating Income75%Target: 100% of budget; Max: 200%100.7% of target; Payout factor: 104.3%
Strategic Executive Goals25%Target: 100% achievement; Max: 200%115% of target; Payout factor: 104.3%
  • Cash Bonus Payout: $611,573 (104.3% of target)
  • Evaluation Period: Fiscal Year 2024
  • Conditions: Minimum threshold for adjusted operating income must be met

Performance Shares (Equity Incentive Plan Awards)

MetricWeightThreshold (#)Target (#)Maximum (#)Vesting Schedule
Total Shareholder Return (TSR)60%9833,9307,860Vest at end of 3-year period (June 30, 2026)
Organic Revenue Growth CAGR20%6551,3102,620Vest at end of 3-year period (June 30, 2026)
Non-GAAP Adjusted Operating Margin Expansion20%6551,3102,620Vest at end of 3-year period (June 30, 2026)
  • Grant Date: August 4, 2023
  • Grant Date Fair Value: Total of $1,309,647
  • Evaluation Period: 3-year performance period ending June 30, 2026

Additional Performance Shares (Equity Incentive Plan Awards)

MetricWeightThreshold/Target/MaxVesting Schedule
Total Shareholder Return (TSR)60%Threshold: 983; Target: 3,930; Max: 7,860Vest at end of 3-year period (June 30, 2026)
Organic Revenue Growth CAGR20%Threshold: 6.5%; Target: 7.0%; Max: 8.5%Vest at end of 3-year period (June 30, 2026)
Non-GAAP Adjusted Operating Margin Expansion20%Threshold: 0.3%; Target: 0.5%; Max: 1.0%Vest at end of 3-year period (June 30, 2026)
  • Grant Date: August 4, 2023
  • Grant Date Fair Value: $877,687
  • Evaluation Period: 3-year performance period ending June 30, 2026

Restricted Stock Units (RSUs) (Equity Incentive Plan Awards)

DetailValue
Grant DateAugust 4, 2023
Grant Date Fair Value$877,687
Grant Date Stock Price$166.02 per share
Vesting ScheduleThree equal annual installments, starting first anniversary
Performance ConditionsBased on TSR, Organic Revenue CAGR, and Non-GAAP Operating Margin Expansion
  • Evaluation Period: Vesting occurs over a 3-year period with annual installments starting from the first anniversary of the grant date