H&R Block to Miss SEC Annual Report Deadline
KANSAS CITY, Mo. – H&R Block Inc. (HRB) said Friday that it will miss the deadline to file its annual report with the Securities and Exchange Commission (search) because it needs more time to finish restatements of earnings from 2003 and 2004.
The Kansas City-based tax preparer also plans to delay releasing its first quarter results until Sept. 1. It had previously planned to announce those results on Aug. 18.
The company's annual report was due July 14, but H&R Block said it will file a notification with the SEC to extend the deadline to July 29.
H&R Block announced last month that because of "reporting errors," it would restate earnings for the 2003 and 2004 fiscal years, as well as for the first three quarters of 2005.
The company told analysts in a June 8 conference call that the accounting changes would increase earnings for the first three quarters of 2005 by 14 cents per share; increase earnings for 2004 by 6 cents per share; and decrease earnings for 2003 by 8 cents per share.
Shares of H&R Block rose 5 cents to $58.64 on the New York Stock Exchange (search), at the high end of a 52-week range of $45.13 to $59.60.