Three new members to join H&R Block board
H&R Block Inc. shareholders voted Thursday to replace three members of the company’s board of directors with nominees chosen by a dissident stockholder.
Breeden Capital Partners, a Greenwich, Conn.-based investment fund that owns 1.8 percent of H&R Block’s shares, estimated that its nominees received about 82 percent of the votes cast.
The new board members will be Richard Breeden, Breeden’s chief executive; Robert Gerard, a former assistant secretary of the Treasury Department; and L. Edward Shaw Jr., former independent counsel to the New York Stock Exchange.
“This : is the dawn of a new era for H&R Block,” Breeden said.