secwatch.observer — SEC 8-K summary
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Issuer:     H&R BLOCK INC (HRB)
CIK:        0000012659
Form:       8-K
Filed at:   2021-12-23T23:59:59+00:00
Accession:  0001605297-21-000020
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

H&R Block extends MetaBank program through 2025, adds Spruce financial products
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- PMA term extended by two years to June 30, 2025, with automatic renewal provisions.
- Spruce Accounts (non-interest checking + savings) added as new product offering.
- EFS may contract with a back-up account originator for a limited pilot program.
- Virtual Refund Advances added to the existing Refund Advance program.
- EFS gains termination rights (whole or by product schedule) upon a Durbin Regulatory Event.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/12659/000160529721000020/0001605297-21-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/12659/000160529721000020/hrb-20211220.htm
  HTML page:      https://secwatch.observer/filing/0001605297-21-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer