UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
______________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): April 12, 2010
H&R BLOCK, INC.
(Exact name of registrant as specified in charter)
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Missouri
(State of Incorporation)
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001-6089
(Commission File Number)
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44-0607856
(I.R.S. Employer
Identification Number)
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One H&R Block Way, Kansas City, MO 64105
(Address of Principal Executive Offices) (Zip Code)
(816) 854-3000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On April 12, 2010, H&R Block, Inc. (the “Company”) issued a press release announcing that it had initiated a search to hire a new Chief Financial Officer (“CFO”). The Company’s current CFO, Becky S. Shulman, will be leaving the Company effective April 30, 2010; Ms. Shulman will continue to serve as the Company’s CFO through such date. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
(c) On April 12, 2010, Jeffrey T. Brown was appointed to serve as acting CFO of the Company from May 1, 2010 until his resignation or a successor is appointed. Mr. Brown, age 51, has served as Vice President and Corporate Controller of the Company since March 2008. From August 2005 to March 2008, Mr. Brown served as Assistant Vice President, Assistant Controller of H&R Block Management, LLC, a subsidiary of the Company. From September 2002 to August 2005, Mr. Brown served as Director of Corporate Accounting for H&R Block Management, LLC. Mr. Brown is employed on an “at will” basis as an employee of H&R Block Management, LLC. Pursuant to his employment arrangement, Mr. Brown receives an annual base salary of $252,900 and participates in the Company’s sh
ort-term incentive program with an aggregate target incentive award of $101,160 for the fiscal year ended April 30, 2010. In addition, Mr. Brown participates in, and receives stock option grants and restricted shares under, the Company’s 2003 Long-Term Executive Compensation Plan.
Item 9.01. Financial Statements and Exhibits
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(d)
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Exhibits
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Exhibit Number
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Description
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: April 12, 2010
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H&R BLOCK, INC.
By: /s/ Andrew J. Somora
Andrew J. Somora
Assistant Secretary
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EXHIBIT INDEX
Exhibit 99.1
News Release
For Further Information:
Investor Relations Derek Drysdale, 816.854.4513, derek.drysdale@hrblock.com
Media Relations Jennifer Love, 816.854.4448, jennifer.love@hrblock.com
NYSE: HRB
H&R Block Initiating Search for New CFO
For Immediate Release, April 12, 2010
KANSAS CITY, Mo. – H&R Block today reported that the company is initiating a search for a new chief financial officer (CFO). Current CFO Becky Shulman will be leaving the company on April 30, 2010. Jeff Brown, corporate controller, will then assume the role of interim CFO until a replacement can be found.
Since joining the company in 2001, Shulman has been instrumental in building H&R Block’s strong financial position, particularly in the last few years as CFO. “I want to thank Becky for the critical role she has played during a time of significant transition. Our company is in a very strong financial position today, in large part due to Becky’s leadership. She will be missed,” said Russ Smyth, H&R Block’s president and chief executive officer.
H&R Block has retained Crist|Kolder Associates to lead the search.
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About H&R Block
H&R Block Inc. (NYSE: HRB) is the world’s preeminent tax services provider, having prepared more than 500 million tax returns since 1955. In fiscal 2009, H&R Block had annual revenues of $4.1 billion and prepared more than 24 million tax returns worldwide, utilizing more than 100,000 highly trained tax professionals. The Company provides tax return preparation services in person, through H&R Block At Home™ online and desktop software products, and through other channels. The Company is also one of the leading providers of business services through RSM McGladrey. For more information, visit our Online Press Center.