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Tyler Technologies, Inc. (NYSE:TYL) announced Wednesday that John S. Marr, Jr. has informed the company’s board of directors of his decision to end his tenure on the board effective May 5, 2026, immediately following the company’s 2026 annual meeting of shareholders. Mr. Marr will not stand for reelection at that meeting and will continue in his current role until that time.
Mr. Marr has served as executive chair of the board and chair of the executive committee since May 2018, chair of the board from January 2017 to May 2018, and as a director since May 2002. According to the company’s statement, his decision was not due to any disagreements with Tyler Technologies regarding operations, policies, or practices. Mr. Marr submitted a letter memorializing his decision, as required by the company’s corporate governance guidelines.
Following Mr. Marr’s departure, and assuming all other current directors stand for reelection, the board is expected to reduce its size from eight to seven members, which is permitted under company guidelines. The nominating and governance committee will continue to evaluate potential candidates for the board as needed.
The independent directors of the board have unanimously agreed to nominate H. Lynn Moore, Jr., currently president and chief executive officer, to assume the role of board chair at the 2026 annual meeting. The company’s guidelines allow one person to serve as both board chair and CEO, a structure previously held by Mr. Marr. The board also intends to continue appointing a lead independent director for as long as the board chair is not independent.
This information is based on a press release statement contained in a Form 8-K filing with the Securities and Exchange Commission. For a comprehensive analysis of Tyler Technologies’ financial health, governance structure, and growth prospects, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks with expert insights and actionable intelligence.
In other recent news, Tyler Technologies is set to release its second-quarter earnings report, with analysts from DA Davidson maintaining a Neutral rating and a price target of $570.00. Oppenheimer has reiterated an Outperform rating with a price target of $675.00, citing solid demand for Tyler’s services and improving customer sentiment. JPMorgan analysts continue to express confidence in Tyler Technologies, maintaining an Overweight rating and a price target of $740.00, highlighting the company’s strong revenue generation from transaction-based activities. Cantor Fitzgerald initiated coverage with a Neutral rating, setting a price target of $60.00, and noted the company’s growth potential through cloud migrations and technological modernization. Piper Sandler also reaffirmed an Overweight rating with a $708.00 price target, emphasizing the company’s progress in transitioning to cloud-based operations. These developments indicate varied analyst perspectives on Tyler Technologies’ growth prospects and market position.
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