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CheckFree Accounts Exec Parts

Jack Browne, Jr. will depart from the electronic payment company on Oct. 15.



Chief Accounting Officer is resigning from the electronic payment company, it announced Wednesday.

In an 8-K filing with the

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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.