0001217211-11-000010.txt : 20110527 0001217211-11-000010.hdr.sgml : 20110527 20110527085544 ACCESSION NUMBER: 0001217211-11-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110523 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110527 DATE AS OF CHANGE: 20110527 FILER: COMPANY DATA: COMPANY CONFORMED NAME: H&R BLOCK INC CENTRAL INDEX KEY: 0000012659 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 440607856 STATE OF INCORPORATION: MO FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06089 FILM NUMBER: 11876129 BUSINESS ADDRESS: STREET 1: ONE H&R BLOCK WAY CITY: KANSAS CITY STATE: MO ZIP: 64105 BUSINESS PHONE: 8168543000 MAIL ADDRESS: STREET 1: ONE H&R BLOCK WAY CITY: KANSAS CITY STATE: MO ZIP: 64105 8-K 1 form8k-052311.htm TAXACT PRESS RELEASE form8k-052311.htm
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):   May 23, 2011

H&R BLOCK, INC.
(Exact name of registrant as specified in charter)
 
Missouri
(State of Incorporation)
1-6089
(Commission File Number)
44-0607856
(I.R.S. Employer
Identification Number)

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 8.01.                      Other Events
 
On May 23, 2011, H&R Block, Inc. (the “Company”) issued a press release regarding the Department of Justice’s filing of an antitrust lawsuit to block the proposed acquisition by the Company of all the outstanding shares of 2SS Holdings, Inc., the developer of TaxACT digital tax preparation solutions.  A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.


Item 9.01.                      Financial Statements and Exhibits

(d)  
Exhibits

Exhibit Number
Description

 
 

 

 
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.


 
 
Date: May 27, 2011
H&R BLOCK, INC.
 
By:/s/ Andrew J. Somora                                                     
      Andrew J. Somora
      Secretary


 
 

 

EXHIBIT INDEX

Exhibit 99.1                      Press Release Issued May 23, 2011.


EX-99.1 2 exh99x1-052311.htm PRESS RELEASE exh99x1-052311.htm
Exhibit 99.1

For Further Information
Investor Relations
Derek Drysdale, 816-854-4513, derek.drysdale@hrblock.com

Media Relations
Kate O’Neill Rauber, 816-854-4548, kate.rauber@hrblock.com
 
 
H&R Block Responds to DOJ Decision on TaxACT Merger

For Immediate Release: May 23, 2011
 

KANSAS CITY, Mo. –– H&R Block, Inc. (NYSE: HRB) announced in October 2010 its plans to acquire all the outstanding shares of 2SS Holdings, Inc., the Cedar Rapids, Iowa-based developer of TaxACT digital tax preparation solutions.  This strategic merger would combine the H&R Block At Home digital business with TaxACT to form a single unit led by the TaxACT management team in Cedar Rapids, Iowa. Both brands would continue to operate in the marketplace.  Today, the Department of Justice (DOJ) filed a civil antitrust lawsuit to block the proposed acquisition.

“The Department of Justice today made a determination to stifle smart business growth,” said William C. Cobb, H&R Block’s president and CEO.  “We’re especially disappointed with this decision knowing that the DOJ rejected guarantees that we would not raise TaxACT’s prices. Contrary to the DOJ’s position, the synergies and enhanced functionalities realized from this merger would create a more competitive landscape for tax preparation.  We continue to believe this merger makes sense, is pro-competitive and will greatly benefit consumers,” said Cobb.

H&R Block will explore all legal options with regard to this matter.

###
 
About H&R Block
H&R Block Inc. (NYSE: HRB) is one of the world’s largest tax services providers, having prepared more than 550 million tax returns worldwide 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 RSM McGladrey. For more information, visit our Online Press Center.

Forward Looking Statements
This announcement may contain forward-looking statements, which are any statements that are not historical facts. These forward-looking statements are based upon the Company’s current expectations and there can be no assurance that such expectations will prove to be correct. Because forward-looking statements involve risks and uncertainties and speak only as of the date on which they are made, the Company’s actual results could differ materially from these statements. These risks and uncertainties relate to, among other things, uncertainties regarding the Company’s ability to attract and retain clients; meet its prepared returns targets; uncertainties and potential contingent liabilities arising from our former mortgage loan origination and servicing business; uncertainties in the residential mortgage market and its impact on loan loss provisions; uncertainties pertaining to the commercial debt market; competitive factors; the Company’s effective income tax rate; litigation defense expenses and costs of judgments or settlements; uncertainties regarding the level of share repurchases; and changes in market, economic, political or regulatory conditions. Information concerning these risks and uncertainties is contained in Item 1A of the Company’s 2010 annual report on Form 10-K and in other filings by the Company with the Securities and Exchange Commission. The Company does not undertake any duty to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
 
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