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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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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(d)
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Exhibits
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Exhibit Number
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Description
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H&R BLOCK, INC.
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Date: April 25, 2012
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By: /s/ Scott W. Andreasen
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Scott W. Andreasen
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Vice President and Secretary
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·
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Strategic realignment expected to realize net annualized savings of $85 to $100 million by end of fiscal year 2013
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·
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Company to record fourth quarter pretax charge for lease termination, severance and related costs of approximately $30 million, or $0.06 per share
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·
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Company expects fiscal 2012 total revenues of approximately $2.9 billion and GAAP diluted earnings per share from continuing operations of $1.09 to $1.15
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·
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In-line with its philosophy of serving clients anywhere, anyway, and anyhow they choose to be served, the company will integrate the strategy, planning and development of all forms of U.S. tax services under the leadership of Jason Houseworth, who was named President of U.S Tax Services. Over the past two years, Houseworth has led the company’s digital tax operations to cumulative client growth of 26 percent and an estimated 150 basis points of cumulative share gains in the digital online category. Houseworth joined H&R Block in 2008 and is credited with founding the company’s Client Innovation Lab.
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·
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Susan Ehrlich, President of Financial Services, will continue to lead the company’s efforts to grow its H&R Block Emerald Prepaid MasterCard® and all other forms of financial services offered to its retail and digital tax clients. She also will continue to have direct oversight of H&R Block Bank. Ehrlich joined H&R Block in 2011 after a 20 year career in key leadership roles to develop and deliver payment and credit solutions for JP Morgan Chase, Sears Financial Services, WaMu Card Services (Providian Financial), and Citibank. Ehrlich has been recognized the past three years by American Banker magazine as one of the 25 Most Powerful Women in Finance.
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Amy McAnarney has been appointed President of Retail Client Services and will be squarely focused on driving service delivery of tax and financial services to the company’s 14.9 million U.S. retail clients throughout its
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nationwide network of more than 10,000 company-owned and franchise offices. She has held numerous executive positions since joining H&R Block in 1997, including Vice President of Finance and Vice President of Tax Strategy. Most recently, McAnarney served as Senior Vice President of Operations Support and Franchise Development where she was accountable for strategy deployment, client experience development, operations support, and the strategy and development of the company’s franchisee network. She also founded The Tax Institute™ at H&R Block, which quickly developed into a leading source for objective insights into tax law, policy and
research.
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Robert Turtledove, Chief Marketing Officer, will continue to drive the company’s client acquisition, retention and growth across U.S. Client Services by leading the company’s brand, online, field, research and social marketing strategies. Turtledove joined H&R Block in 2009 after more than 25 years of experience in consumer, brand, retail, digital and international marketing with some of the world’s most iconic brands such as Pepsi, Pizza Hut, Frito Lay and Unilever.
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22.2 million total U.S. tax returns prepared, up 962,000 or 4.5 percent
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Total online1 returns prepared grow more than 20 percent; total digital returns increase 12.3 percent
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Total U.S. retail returns prepared up 1.0 percent; aggregate net U.S. retail tax preparation fees up 1.1 percent
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·
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Total H&R Block Emerald Prepaid MasterCard® units grow 24 percent to 2.9 million
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Fiscal Year to Date as of 4/18/12 | Fiscal Year to Date as of 4/18/11 | Percent change | |||||
Total returns prepared: (1)
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|||||||
Company-owned operations
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9,201
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9,057
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1.6%
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|||
Franchise operations
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5,661
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5,651
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0.2%
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||||
Total retail operations
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14,862
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14,708
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1.0%
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Software
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2,115
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2,148
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-1.5%
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||||
Online
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4,400
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3,655
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20.4%
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||||
Sub-total
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6,515
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5,803
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12.3%
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||||
Free File Alliance
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856
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760
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12.6%
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||||
Total digital tax solutions
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7,371
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6,563
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12.3%
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||||
22,233
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21,271
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4.5%
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