September 6 - Reuters - Activist investor Richard Breeden has won three seats on H&R Block's board, advancing his effort to push the company to focus on tax preparation and quit businesses such as banking and mortgage lending.
The slate proposed by Breeden, a former Securities and Exchange Commission chairman, was victorious based on a preliminary count of shareholder votes, H&R Block said Thursday at its annual meeting in Kansas City, Missouri.
Since late June, Breeden had campaigned for seats on H&R Block's 11-member board, and had won the support of the three major U.S. proxy advisory firms. He won seats for himself and two associates: Robert Gerard, a former assistant U.S. Treasury secretary; and L. Edward Shaw. Read More.
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