Software
CheckFree Accounts Exec Parts
Katie Dean
09/27/06 - 03:33 PM EDT
CheckFree's (CKFR - Cramer's Take - Stockpickr) Chief Accounting Officer is resigning from the electronic payment company, it announced Wednesday.
In an 8-K filing with the Securities and Exchange Commission, the Norcross, Georgia-based company said that Jack Browne, Jr. will leave the position on Oct. 15.
Browne has accepted a CAO job at an unnamed private company that plans to go public in the near future.
Browne will remain as a consultant with CheckFree until Nov. 15 to assist with the company's first-quarter earnings report. CheckFree CFO David Mangum will take on the CAO duties until a replacement is found.
CheckFree stock slipped 1.2%, or 51 cents, to $40.75 in recent Wednesday trading.