H&R Block (HRB) Proxy Filing summary

Executive summary

• Fiscal 2024 saw record financial performance, with stock price reaching an all-time high and over 50% appreciation since September 2023, driven by progress on the Block Horizons 2025 strategy and strong capital returns to shareholders through dividends and share repurchases.

• Revenue grew 4% to $3.61 billion, EBITDA rose 5.3% to $963.2 million, and adjusted EPS increased 15.4% to $4.41; $350 million in stock was repurchased and dividends continued.

• Key business segments showed growth: Small Business Assisted tax revenue up mid-single digits, Financial Products (Spruce) nearing $1 billion in deposits, and DIY offerings up 11% in revenue.

• CFO Tony Bowen retired in September 2024, and a new President, Global Consumer Tax and Chief Product Officer was appointed.

Voting matters and shareholder proposals

• Shareholders will vote on: election of eight directors, ratification of Deloitte & Touche LLP as auditor for FY2025, and advisory approval of executive compensation.

• The Board recommends voting FOR all proposals.

• Shareholder proposals and nominations for the 2025 meeting must be submitted between July 9 and August 8, 2025.

Board of directors and corporate governance

• The Board consists of eight nominees, all standing for re-election, with a focus on diversity in skills, experience, gender, and ethnicity.

• Seven of eight directors are independent; the Chairman is independent and separate from the CEO.

• Four standing committees: Audit, Compensation, Governance & Nominating, and Finance, all with defined oversight roles.

• Annual Board, committee, and individual director evaluations are conducted.

• Stock ownership guidelines and an insider trading policy apply to directors.