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ISS Governance Services
US Proxy Advisory Services
Publication Date : September 10, 2008
 
Company Info
Ticker 
JTX
Meeting
AnnualSeptember 23, 2008
Record Date
August 5, 2008
Incorporated
DelawareProvides preparation of individualincome tax returns(GICS:25302020 )
Shareholder Returns
1 yr%3 yr%5 yr%Company
-44.07-4.88NA
Russell3000
3.306.9811.65
GICSpeers
12.3814.5323.51Annualized shareholder returns. Peer group is based on companies insidethe same "Global IndustryClassification Standard" code
CGQ Rating
Index Score
87.9
Industry Score
87.4JTX outperformed 87.9% of thecompanies in the Russell 3000 and87.4% of the companies in theConsumer Services group.ISS calculates governance rankingsfor more than 8,000 companiesworldwide based on up to 63corporate governance variables.
Report Contents
Proposals and recommendationsEquity CapitalAudit SummaryDirector ProfilesCompany FinancialsExecutive CompensationDilution and Burn-RateVote ResultsProposals
Jackson Hewitt Tax Service, Inc.
Recommendations - US Standard Policy
ItemCode*ProposalMgt. Rec.ISS Rec.
1M0201Elect Director Ulysses L. Bridgeman, Jr.FORFOR2M0201Elect Director Rodman L. DrakeFORFOR3M0215Declassify the Board of DirectorsFORFOR
4M0550Advisory Vote on ExecutiveCompensation- Approve Application of Compensation Policies and ProceduresFORAGAINST
5M0101Ratify AuditorsFORFOR
*S indicates shareholder proposalVote recommendations with a checkbox have governance issues that clients may wish toexamine more closely.
This issuer may have purchased self-assessment tools and publications from ISS Corporate Services, Inc. ("ICS"), a wholly-owned subsidiary of Institutional Shareholder Services Inc. ("ISS"), or ICS may have provided advisory or analytical servicesto the issuer in connection with the proxies described in this report. No employee of ICS played a role in the preparation of this report. If you are an ISS institutional client, you may inquire about any issuer's use of products and services from ICS by emailing disclosure@riskmetrics.com. If you have questions about this analysis, call 301-556-0576 or send an email toUSResearch@riskmetrics.com
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Governance Provisions:Non-Shareholder Approved Incentive Plans:State Statutes:
Corporate Governance Profile
The board of directors is classified
Shareholders do not have cumulative voting rights in director elections
The company has a poison pill in place
A supermajority vote of shareholders is required to amend certain provisions of the charter or bylaws
A simple majority vote of shareholders is required to approve a merger 
Shareholders may not act by written consent
Shareholders may not call special meetings
The board may amend the bylaws without shareholder approval
There is not a dual class capital structure in place
There is no disclosure of stock ownership guidelines for executives
There is no disclosure of stock ownership guidelines for outside directors
All stock-based incentive plans have been approved by shareholders
The company is incorporated in a state with anti-takeover provisions
The company is incorporated in a state without a control share acquisition statute
The company is incorporated in a state without a cash out statute
The company is subject to a freezeout provision
The company is incorporated in a state without a fair price provision
The company is incorporated in a state without stakeholder laws
The state of incorporation does not endorse poison pills
ISS Corporate Governance Rating
Governance FactorPositiveNegative
The audit committee is comprised solely of independent outside directorsxThe average annual burn rate over the past three fiscal years is 2% or less, or is within one standarddeviation of the industry meanxOnly one inside director and no affiliated outsiders serve on the boardxThe company has a committee that oversees governance issues and the committee met in the pastyear xThere is no disclosure of stock ownership guidelines for outside directors xThere is no disclosure of stock ownership guidelines for executives xThe company has a poison pill in place xThe board of directors is classified x
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Equity Capital
TypeVotes per shareIssued
Common Stock1.0028,663,348 
Ownership - Common StockNumber of SharesPercent of Class
AIM Trimark Investments3,472,88712.22Shamrock Partners Activist Value Fund LLC2,883,00010.14Capital World Investors2,396,0008.43Burgundy Asset Management Ltd.1,932,7756.80Cardinal Capital Management LLC1,716,0206.04Ziff Brothers Investments LLC1,614,4015.68Barclays Global Investors NA (California)1,133,2223.99Freestone Capital Management993,4693.50Perry Capital976,4003.44Vanguard Group, Inc.944,2693.32Invesco AIM Management Group, Inc.722,6412.54Corsair Capital Management LLC715,0002.52Dimensional Fund Advisors, Inc.630,1322.22Integre Advisors490,2171.73State Street Global Advisors472,5191.66Jove Partners LP445,0001.57Cramer Rosenthal McGlynn LLC410,0001.44LSV Asset Management386,7001.36Fuller & Thaler Asset Management, Inc.338,8991.19Millennium Partners328,6071.16
Source: © 2007 Factset Research Systems, Inc. All Rights Reserved. As of: 06/30/2008 
Audit Summary
AccountantsDeloitte & Touche LLPAuditor TenureAudit FeesAudit Fees :$ 670,000.00Audit-Related Fees:$0.00Tax Compliance/Preparation*:$0.00Other Fees:$0.00Percentage of total fees attributable to non-audit ("other") fees:0.00%* Note: Only includes tax compliance/tax return preparation fees. If the proxy disclosure does not indicate the nature of the tax services, those fees will appear in the "other" column.
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