Breeden voted to board of H&R Block

By Lisa Kerner

Charlotte, N.C., Sept. 6 - H&R Block Inc. said Richard C. Breeden, Robert A. Gerard and L. Edward Shaw, Jr., have been elected to the company's board of directors based on preliminary results from the company's meeting on Thursday.

Shareholders also voted to ratify the appointment of KPMG LLP as the company's independent accountants for the fiscal year ending April 30, 2008.

A non-binding proposal made by the AFL-CIO Reserve Fund asking the board to adopt a policy that an independent director be made chairman of the board also passed, which the board will take under advisement.

H&R Block will announce final certified results when they are available, a company news release stated.

It was previously reported that the company, in a pamphlet sent to shareholders, said Breeden, chairman and chief executive officer of Breeden Capital Management, LLC, seemed to be "fundamentally confused as to the nature of H&R Block's business." H&R Block believed that Breeden's "misguided strategies" will be harmful to the value of shareholders' investments in the company.

Breeden's strategies include the divestiture of H&R Block Bank, the sale of Option One - which the company said it already planned to do - and re-franchising.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.