Upcoming AWS Coverage on Bright Horizons Family Solutions Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 17, 2017 / Active Wall St. blog coverage looks at the headline from H&R Block, Inc. (NYSE: HRB) as the Company announced the retirement of William (Bill) C. Cobb from his position as President and CEO on May 16, 2017. The Company's Board of Directors has chosen Thomas (Tom) A. Gerke, the current General Counsel and Chief Administrative Officer to take over as interim President and CEO. Register with us now for your free membership and blog access at:

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One of H&R Block's competitors within the Personal Services space, Bright Horizons Family Solutions® Inc. (NYSE: BFAM), reported on May 04, 2017, its financial results for Q1 2017 and updated certain financial guidance for the full year 2017. AWS will be initiating a research report on Bright Horizons Family Solutions in the coming days.

Today, AWS is promoting its blog coverage on HRB; touching on BFAM. Get all of our free blog coverage and more by clicking on the link below:

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Bill Cobb will retire on July 31, 2017 and be with the Company till that date. On his retirement, Tom Gerke will take over as interim President and CEO as on August 01, 2017. In the meanwhile, the Board of Directors has identified and retained the services of Crist|Kolder Associates to search for a permanent candidate for the President and CEO position. The Board will be looking at both internal and external candidates to fill the position.

Commenting on Bill Cobb's retirement, Robert A. Gerard, Chairman of the Board, said:

"Bill Cobb came out of retirement to join our Board in 2010 and less than a year later stepped into the CEO role. Bill led the transformation of H&R Block into a well-run Company focused on our state-of-the-art tax preparation business, with a strong and committed management team, financial stability and an exciting future."

Bill Cobb added:

"The decision to retire was difficult, but I leave knowing we created considerable value for shareholders. We focused the Company back on its core tax business, created a culture of doing the right thing, and just completed a successful 2017 tax season."

Bill's Tenure at H&R Block

Bill was the member of H&R Block's Board of Directors since August 2004 and took over as President and CEO from May 2011. From the time Bill became the CEO, he brought a renewed focus to the Company's values and his motto was "we do the right thing." He introduced tax preparation products like Tax Plus and Tax Identity Shield. Under his leadership the Company grew from strength to strength and added substantial value for its shareholders. The Company has repurchased approximately 30% outstanding shares as well increased its dividend payout by over 45% since fiscal year 2012.

Before joining H&R Block, Bill worked as President for eBay US Marketplaces and held senior-level positions at PepsiCo and YUM! Brands.

Bill has a Bachelor's degree in Economics from Wharton School of Business, the University of Pennsylvania. He also has an MBA degree from Kellogg School of Management at NorthWestern University.

About Tom Gerke

Tom joined H&R Block in 2012 as their Chief Legal Officer overseeing legal and government relations. Before joining H&R Block, Tom was the Executive Vice President, General Counsel, and Secretary of YRC Worldwide, a leading transportation service provider. He has also worked in senior legal positions in Companies like CenturyLink, Embarq, Sprint, etc.

Tom holds a Bachelor of Science degree in Business Administration from the University of Missouri in Columbia and a MBA degree from Rockhurst University. He also holds Juris Doctorate degree from the University of Missouri, School of Law, in Kansas City.

Tom is a member of Board of Directors of Companies like Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) and TEGP Management, LLC. He is also the general partner of Tallgrass Energy GP, LP (NYSE: TEGP).

Commenting on his appointment as interim President and CEO, Tom said:

"Having worked closely with Bill over the past six tax seasons to execute the strategic transition into a more focused tax Company, my priorities will be to sustain our positive momentum and continue to deliver value for all of our shareholders."

Stock Performance

On Tuesday, May 16, 2017, the stock closed the trading session at $25.18, tumbling 6.01% from its previous closing price of $26.79. A total volume of 5.04 million shares have exchanged hands, which was higher than the 3-month average volume of 3.90 million shares. H&R Block's stock price soared 6.38% in the last month, 21.22% in the past three months, and 12.46% in the previous six months. Furthermore, since the start of the year, shares of the Company have rallied 10.57%. The stock is trading at a PE ratio of 18.61 and has a dividend yield of 3.49%. The market capital of the Company was $5.23 billion.

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SOURCE: Active Wall Street