H&R Block says it met with investor Breeden Capital

By Jennifer Lanning Drey

Portland, Ore., June 28 - H&R Block Inc. has met with representatives from Breeden Capital Management LLC, including chief executive officer Richard Breeden, on several occasions to review publicly available information regarding H&R Block, the company said in a statement sent to Prospect News on Thursday.

H&R Block would not provide comment on whether it will meet with representatives from Breeden Capital again in the future.

As previously reported, Breeden Capital Management announced Wednesday that Breeden Partners LP plans to nominate three candidates to H&R Block's board of directors in order to bring "fresh perspective and new energy" to the board.

Breeden, who is one nominee, believes H&R Block's stock has significantly underperformed the S&P 500 index for the past five years, according to a Wednesday news release.

Breeden Partners and its affiliates own 6 million shares, or 1.86%, of H&R Block.

H&R Block is a provider of tax, financial, accounting and business consulting services and products based in Kansas City, Mo.

Breeden Capital Management is a Greenwich, Conn.-based investment fund manager.

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