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): September 20, 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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1-6089
(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))
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Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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(c) (i) On September 20, 2010, Jeffrey T. Brown was elected to serve as Chief Financial Officer and Senior Vice President of H&R Block, Inc. (the “Company”). Since May 2010, Mr. Brown, 51, has served as acting Chief Financial Officer of the Company in addition to Vice President and Corporate Controller of the Company, a position he has held 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. Br
own receives an annual base salary of $360,000 and participates in the Company’s short-term incentive program with an aggregate target incentive award of $216,000 for the fiscal year ended April 30, 2011. In addition, Mr. Brown participates in, and receives stock option grants and restricted shares under, the Company’s 2003 Long-Term Executive Compensation Plan. A copy of the Company’s press release regarding Mr. Brown’s election as Chief Financial Officer of the Company is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
(ii) On September 22, 2010, Colby R. Brown was appointed to serve as Corporate Controller and Vice President of H&R Block Management, LLC. Since December 2009, Mr. Brown, 37, has served as Assistant Vice President and Controller of HRB Tax Group, Inc., a subsidiary of the Company. From July 2007 to December 2009, Mr. Brown served as Division Controller, North America, for Fort Dodge Animal Health, a division of Wyeth. From September 2002 to July 2007, Mr. Brown served as a Director, Financial Reporting and Analysis, for Fort Dodge Animal Health. 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 $210,000 and participates in the Company’s short-term incentive program wi
th an aggregate target incentive award of $63,000 for the fiscal year ended April 30, 2011. In addition, Mr. Brown participates in, and receives stock option grants and restricted shares under, the Company’s 2003 Long-Term Executive Compensation Plan.
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Item 9.01.
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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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H&R BLOCK, INC.
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Date: September 24, 2010
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By:/s/ Andrew J. Somora
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Andrew J. Somora
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Assistant Secretary
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EXHIBIT INDEX
Exhibit 99.1
News Release
For Further Information:
Jennifer Love, 816-854-4448, Jennifer.Love@hrblock.com
NYSE: HRB
H&R Block Announces New Chief Financial Officer
Jeff Brown, eight-year company veteran, to lead financial organization
For Immediate Release: Sept. 21, 2010
KANSAS CITY, Mo. – H&R Block announced today the appointment of Jeff Brown as chief financial officer. Brown has been the company’s interim CFO for the past five months. As an eight-year veteran of H&R Block, Brown has played an important role in a variety of financial functions.
“I am very pleased with the leadership Jeff has provided me and the organization in his interim role,” said Alan Bennett, H&R Block’s president and chief executive officer. “Jeff has all the talent and personal characteristics needed to be highly successful as the permanent CFO. He has earned my full confidence, as well as that of the board of directors.”
Most recently, Brown served as H&R Block’s corporate controller. Prior to that, he was the corporate controller and vice president of finance (Americas) at Bacou-Dalloz, now Sperian Protection, and served in key positions at KPMG. Brown has a business administration degree from the University of Nebraska and is a certified public accountant.
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About H&R Block
H&R Block Inc. (NYSE: HRB) is one of the world’s largest tax services provider, having prepared more than 550 million tax returns since 1955. In fiscal 2010, H&R Block had annual revenues of $3.9 billion and prepared more than 23 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 McGladrey. For more information visit our Online Press Center at www.hrblock.com.