H&R Block investor to vote shares in favor of Breeden Partners' slate of board nominees

By Lisa Kerner

Charlotte, N.C., Aug. 13 - Harris Associates LP said it will vote its clients' shares of H&R Block, Inc. in favor of the board nominees presented by fellow shareholder Breeden Partners LP and not in favor of the company's slate of three nominees for re-election.

H&R Block will hold its annual meeting on Sept. 6, according to schedule 13D filing with the Securities and Exchange Commission.

Harris said it made the decision after meeting with representatives of Breeden and H&R Block, as well as following a review of the proxy materials.

The investor "believes that the election of the Breeden Partners nominees is most likely to improve shareholder returns and is in the best interests of shareholders," the filing stated.

Harris beneficially owns 21,856,500 shares, or 6.76%, of the Kansas City, Mo., tax and accounting consulting services company.

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