H&R Block Inc. said Friday it would hold a meeting Dec. 14 for shareholders to vote on changing how they elect the company’s board of directors.

The meeting will be held at the tax preparation giant’s headquarters in Kansas City, Mo.

Currently, the terms of the company’s 11 directors are staggered so that each member is up for re-election every three years.

H&R Block is proposing that directors face re-election every year, beginning with the 2008 annual shareholders meeting.

The company’s board announced the proposal in August amid a proxy fight with Breeden Capital Partners, a hedge fund.