H&R Block, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by H&R Block, Inc. on March 28, 2008. The filing addresses a specific corporate governance event regarding the appointment of a senior executive officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on executive compensation and appointment details.
Material Changes
On March 28, 2008, Becky S. Shulman was elected Senior Vice President and Chief Financial Officer. Prior to this election, she had served as acting Chief Financial Officer since November 2007 and as Senior Vice President and Treasurer since September 2006.
Management Commentary and Compensation
Ms. Shulman is employed on an "at will" basis by H&R Block Management, LLC. Her compensation package includes:
- Annual Base Salary: $360,000
- Short-Term Incentive: Target award of $216,000 for the prorated portion of the fiscal year ended April 30, 2008.
- Long-Term Incentives: Participation in the Company's 2003 Long-Term Executive Compensation Plan, including stock option grants and performance shares.
Investor Verification Checklist
- Confirm the effective date of Becky S. Shulman's permanent appointment as CFO.
- Review the specific terms of the 2003 Long-Term Executive Compensation Plan regarding stock options and performance shares.
- Verify the prorated calculation for the short-term incentive award for the fiscal year ending April 30, 2008.