Former Securities and Exchange Chairman Richard Breeden, whose hedge fund holds roughly 2 percent of the shares of H&R Block, is seeking a seat on the board of the tax-prep giant. Breeden, who now heads Breeden Capital Management LLC, will be on the company's proxy ballot along with two others during a September election. Block has an 11-member board. In the wake of posting a year-end loss of $434 million, investor pressure has mounted to force management to sell the company.
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